Sea West Coast Guard Federal Credit Union Mortgage Rates, Fees & Info
Oakland, CALEI: 5493001P38O8QXGI6503
Tax ID: 94-1480396
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Mortgage Data
Review & Overview
Sea West Coast Guard Federal Credit Union is a smaller credit union specializing in Other loans. Sea West Coast Guard Federal Credit Union has an average proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Francisco, Los Angeles, Phoenix, Sacramento, and San Jose among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Sea West Coast Guard Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Sea West Coast Guard Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
50Origination Dollar Volume (All Markets)
$9,070,000Relative Rate
Sea West Coast Guard Federal Credit Union's average 30 year fixed mortgage rate was
6.59%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.11%.
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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $3,480,000 | $193,333 | $0 | 3.73% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $0 | 3.56% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 4.95% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 5.41% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 3.79% |
| NAPA, CA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 3.79% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 3.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 3.69% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 3.69% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 3.99% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.69% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against SEA WEST COAST GUARD FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 315
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 41 | $6,505,000 | $158,659 | n/a | 3.64% |
| Conventional | 8 | $1,950,000 | $243,750 | $0 | 4.69% |
| FHA | 1 | $615,000 | $615,000 | $0 | 6.63% |
For 2023, Sea West Coast Guard Federal Credit Union's most frequently originated type of loan was HELOC, with 41 originations. Their 2nd most popular type was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 45 | $7,135,000 | $158,556 | $0 | 3.65% |
| Cash Out Refi | 3 | $795,000 | $265,000 | $0 | 5.41% |
| Home Purchase | 2 | $1,140,000 | $570,000 | $0 | 6.56% |
For 2023, Sea West Coast Guard Federal Credit Union's most frequently cited loan purpose was Other, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $7,390,000 | $160,652 | $0 | 3.63% |
| 30 Year | 4 | $1,680,000 | $420,000 | $0 | 6.59% |
For 2023, Sea West Coast Guard Federal Credit Union's most frequently cited loan duration was Other, with 46 originations. The 2nd most popular length was 30 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 2 | $540,000 | $270,000 |
| $5k+ | 2 | $1,140,000 | $570,000 |
Sea West Coast Guard Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 34 | $5,110,000 | $150,294 |
| 2.5-3% | 12 | $2,280,000 | $190,000 |
| 6-7% | 4 | $1,680,000 | $420,000 |
During 2023, Sea West Coast Guard Federal Credit Union's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was 3-4%, with 34 originations.
Loan Sizing
2023 saw Sea West Coast Guard Federal Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $5,065,000 in origination value.
Applicant Income
Sea West Coast Guard Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
Sea West Coast Guard Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.72%
Sea West Coast Guard Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination28.00%
Sea West Coast Guard 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 |
|---|---|---|---|
| 920.0 | 1 | $255,000 | $255,000 |
| NA | 49 | $8,815,000 | $179,898 |