Sea West Coast Guard Federal Credit Union Mortgage Rates, Fees & Info
Oakland, CALEI: 5493001P38O8QXGI6503
Tax ID: 94-1480396
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sea West Coast Guard Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Sea West Coast Guard Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Cruz, Los Angeles, San Jose, and Sacramento among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Sea West Coast Guard Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sea West Coast Guard Federal Credit Union is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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% | 3/19/23 |
| 30 Year Conventional Refi | 6.27% | 3/19/23 |
| 30 Year Cash-out Refi | 6.27% | 3/19/23 |
| 30 Year VA Refi | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 5.68% | 3/19/23 |
| 15 Year Conventional Refi | 5.68% | 3/19/23 |
| 15 Year Cash-out Refi | 5.68% | 3/19/23 |
| 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. | ||
Originations
217Origination Dollar Volume (All Markets)
$128,655,000Awards
SEA WEST COAST GUARD FEDERAL CREDIT UNION - 2021
SEA WEST COAST GUARD FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Sea West Coast Guard Federal Credit Union's average 30 year fixed mortgage rate was
2.71%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.44%.
Relative Fees (Closing Costs)
Sea West Coast Guard Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,944.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 120 | $77,270,000 | $643,917 | $8,108 | 2.67% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 19 | $16,675,000 | $877,632 | $16,212 | 2.84% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $6,850,000 | $685,000 | $8,585 | 2.84% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $6,715,000 | $610,455 | $8,322 | 2.82% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $4,165,000 | $462,778 | $4,726 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,125,000 | $708,333 | $8,830 | 3.49% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,965,000 | $393,000 | $6,335 | 2.80% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $3,694 | 2.62% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $2,971 | 3.22% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $9,926 | 2.87% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $9,443 | 2.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $18,336 | 2.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,879 | 3.39% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $2,580 | 3.60% |
| Outside of Metro Areas | 3 | $655,000 | $218,333 | $2,820 | 2.78% |
| Sonora, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,583 | 2.28% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 2.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 2.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.38% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,704 | 2.74% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,519 | 2.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,583 | 2.94% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,471 | 2.49% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 201 | $125,655,000 | $625,149 | $8,292 | 2.70% |
| HELOC | 14 | $2,160,000 | $154,286 | n/a | 3.88% |
| VA | 2 | $840,000 | $420,000 | $0 | 2.56% |
For 2021, Sea West Coast Guard Federal Credit Union's most frequently originated type of loan was Conventional, with 201 originations. Their 2nd most popular type was HELOC, with 14 originations.
Loan Reason
For 2021, Sea West Coast Guard Federal Credit Union's most frequently cited loan purpose was Refi, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 61 originations.
Loan Duration/Length
For 2021, Sea West Coast Guard Federal Credit Union's most frequently cited loan duration was 30 Year, with 158 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Sea West Coast Guard Federal Credit Union's average total fees were $8,944, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 113 | $76,595,000 | $677,832 |
| <2.5% | 69 | $42,905,000 | $621,812 |
| 3-4% | 26 | $7,940,000 | $305,385 |
| 4-5% | 9 | $1,215,000 | $135,000 |
During 2021, Sea West Coast Guard Federal Credit Union's average interest rate for loans was 2.71%, while their most frequently originated rate bucket for loans was 2.5-3%, with 113 originations.
Loan Sizing
2021 saw Sea West Coast Guard Federal Credit Union place emphasis on $600k-1MM loans with 65 originations, totaling $51,885,000 in origination value.
Applicant Income
Sea West Coast Guard Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 80 originations. The second most popular income band? $150k-250k, with 66 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 55 originations. The next most common DTI ratio? 30-36%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.40%
Sea West Coast Guard Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.59%
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 |
|---|---|---|---|
| 7950.0 | 1 | $405,000 | $405,000 |
| NA | 216 | $128,250,000 | $593,750 |