Sce Federal Credit Union Mortgage Rates, Fees & Info

Irwindale, CA

LEI: 5493001FMENBK31GGQ69

Tax ID: 95-1766772

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sce Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out 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, and Oxnard among others. We have data for 5 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    45

    Origination Dollar Volume (All Markets)

    $27,605,000

    Top 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) 22 $15,030,000 $683,182 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $5,265,000 $309,706 $0 0.00%
    Outside of Metro Areas 1 $4,205,000 $4,205,000 $0 0.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $2,970,000 $742,500 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Sce Federal Credit Union's top markets include Los Angeles, Riverside, Las Vegas, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $27,605,000 $613,444 $0 0.00%

    For 2022, Sce Federal Credit Union's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 24 $2,260,000 $94,167 $0 0.00%
    Home Purchase 12 $16,870,000 $1,405,833 $0 0.00%
    Refi 6 $2,390,000 $398,333 $0 0.00%
    Cash Out Refi 3 $6,085,000 $2,028,333 $0 0.00%

    For 2022, Sce Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $27,605,000 $613,444 $0 0.00%

    For 2022, Sce Federal Credit Union's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $840,000 $52,500 $0 0.00%
    $1MM+ 9 $19,915,000 $2,212,778 $0 0.00%
    $100k-200k 8 $960,000 $120,000 $0 0.00%
    $200k-400k 4 $1,050,000 $262,500 $0 0.00%
    $400k-600k 4 $1,960,000 $490,000 $0 0.00%
    $600k-1MM 4 $2,880,000 $720,000 $0 0.00%

    2022 saw Sce Federal Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $2,025,000 $155,769 $0 0.00%
    $100k-150k 9 $895,000 $99,444 $0 0.00%
    $75k-100k 5 $735,000 $147,000 $0 0.00%
    $250k+ 3 $2,095,000 $698,333 $0 0.00%
    $50k-75k 2 $450,000 $225,000 $0 0.00%
    $50k or less 2 $230,000 $115,000 $0 0.00%

    Sce Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $27,605,000 $613,444 $0 0.00%

    Sce Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $21,175,000 $1,925,000 $0 0.00%
    White 21 $3,535,000 $168,333 $0 0.00%
    Not provided 12 $2,850,000 $237,500 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.69%

    Sce Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.33%

    Sce Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $27,605,000 $613,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $27,605,000 $613,444