Sce Federal Credit Union Mortgage Rates, Fees & Info
Irwindale, CALEI: 5493001FMENBK31GGQ69
Tax ID: 95-1766772
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Mortgage Data
Review & Overview
Sce Federal Credit Union is a smaller credit union specializing in Refi loans. Sce Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, Bakersfield, and Oxnard among others. We have data for 6 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
61Origination Dollar Volume (All Markets)
$20,885,000Top 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) | 38 | $18,520,000 | $487,368 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $965,000 | $74,231 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $805,000 | $115,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $20,885,000 | $342,377 | $0 | 0.00% |
For 2019, Sce Federal Credit Union's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2019, Sce Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 28 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $20,885,000 | $342,377 | $0 | 0.00% |
For 2019, Sce Federal Credit Union's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw Sce Federal Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,650,000 in origination value.
Applicant Income
Sce Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $20,885,000 | $342,377 | $0 | 0.00% |
Sce Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.71%
Sce Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination45.90%
Sce Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $20,885,000 | $342,377 |