Sce Federal Credit Union Mortgage Rates, Fees & Info
Irwindale, CALEI: 5493001FMENBK31GGQ69
Tax ID: 95-1766772
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sce Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Sce Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, Dallas, and San Diego among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Sce Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
380Origination Dollar Volume (All Markets)
$56,890,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 197 | $34,445,000 | $174,848 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 117 | $13,625,000 | $116,453 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 46 | $4,770,000 | $103,696 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 378 | $56,730,000 | $150,079 | $0 | 0.00% |
| FHA | 2 | $160,000 | $80,000 | $0 | 0.00% |
For 2024, Sce Federal Credit Union's most frequently originated type of loan was Conventional, with 378 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, Sce Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 219 originations. The 2nd most popular reason was Refi, with 92 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 380 | $56,890,000 | $149,711 | $0 | 0.00% |
For 2024, Sce Federal Credit Union's most frequently cited loan duration was Other, with 380 originations.
Loan Sizing
2024 saw Sce Federal Credit Union place emphasis on $100,000 or less loans with 157 originations, totaling $9,395,000 in origination value.
Applicant Income
Sce Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 123 originations. The second most popular income band? $100k-150k, with 108 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 380 | $56,890,000 | $149,711 | $0 | 0.00% |
Sce Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 380 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.56%
Sce Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination74.47%
Sce Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 380 | $56,890,000 | $149,711 |