Sea West Coast Guard Federal Credit Union Mortgage Rates, Fees & Info
Oakland, CALEI: 5493001P38O8QXGI6503
Tax ID: 94-1480396
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include San Francisco, Santa Cruz, Los Angeles, San Jose, and Sacramento among others. Sea West Coast Guard Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sea West Coast Guard Federal Credit Union is typically a high fee lendor.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 rate mortgage of loans were
2.71%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.44%.
Relative Fees
Sea West Coast Guard Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $8,944.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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% |
Sea West Coast Guard Federal Credit Union's top markets include San Francisco, Santa Cruz, Los Angeles, San Jose, and Sacramento among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 215 | $127,815,000 | $594,488 | $8,292 | 2.78% |
| VA | 2 | $840,000 | $420,000 | $0 | 2.56% |
For the 2021 period, Sea West Coast Guard Federal Credit Union's most frequently originated loan type of loans were Conventional, with 215 originations. Their 2nd most popular type is VA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 130 | $87,870,000 | $675,923 | $8,631 | 2.57% |
| Cash Out Refi | 61 | $30,665,000 | $502,705 | $6,765 | 3.03% |
| Home Purchase | 15 | $8,485,000 | $565,667 | $11,261 | 2.79% |
| Other | 11 | $1,635,000 | $148,636 | $0 | 3.82% |
For the 2021, Sea West Coast Guard Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 130 originations. The 2nd most popular reason of loans were Cash Out Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 158 | $107,460,000 | $680,127 | $8,944 | 2.71% |
| 15 Year | 33 | $13,365,000 | $405,000 | $6,074 | 2.58% |
| Other | 18 | $4,400,000 | $244,444 | $2,808 | 3.76% |
| 20 Year | 8 | $3,430,000 | $428,750 | $4,739 | 2.71% |
For the 2021, Sea West Coast Guard Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 158 originations. The 2nd most popular length of loans were 15 Year, with 33 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 77 | $34,125,000 | $443,182 |
| $5k+ | 68 | $63,530,000 | $934,265 |
| $2k-3k | 18 | $10,000,000 | $555,556 |
| $1k-2k | 9 | $2,405,000 | $267,222 |
| $3k-4k | 8 | $7,860,000 | $982,500 |
$8,944 of loans were Sea West Coast Guard Federal Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.71%, while their most frequently originated rate bucket of loans were 2.5-3%, with 113 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $600k-1MM | 65 | $51,885,000 | $798,231 | $10,208 | 2.67% |
| $200k-400k | 49 | $13,765,000 | $280,918 | $3,005 | 2.81% |
| $1MM+ | 35 | $41,725,000 | $1,192,143 | $16,058 | 2.61% |
| $400k-600k | 34 | $16,660,000 | $490,000 | $4,722 | 2.66% |
| $100k-200k | 26 | $4,130,000 | $158,846 | $2,885 | 2.93% |
| $100,000 or less | 8 | $490,000 | $61,250 | $2,400 | 4.15% |
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
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 80 | $67,640,000 | $845,500 | $12,400 | 2.77% |
| $150k-250k | 66 | $35,040,000 | $530,909 | $6,239 | 2.84% |
| $100k-150k | 47 | $21,295,000 | $453,085 | $6,273 | 2.68% |
| $50k-75k | 10 | $1,840,000 | $184,000 | $2,659 | 3.01% |
| $75k-100k | 9 | $2,025,000 | $225,000 | $2,709 | 2.71% |
| $50k or less | 5 | $815,000 | $163,000 | $2,763 | 2.57% |
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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 55 | $34,675,000 | $630,455 | $7,847 | 2.82% |
| 30-36% | 48 | $31,100,000 | $647,917 | $8,876 | 2.74% |
| <20% | 38 | $18,550,000 | $488,158 | $6,790 | 2.62% |
| 37% | 13 | $6,695,000 | $515,000 | $5,695 | 2.67% |
| 38% | 11 | $7,095,000 | $645,000 | $7,685 | 2.94% |
| 40% | 9 | $4,065,000 | $451,667 | $6,962 | 2.91% |
| 41% | 9 | $4,335,000 | $481,667 | $8,875 | 3.03% |
| 36% | 8 | $5,090,000 | $636,250 | $12,267 | 2.72% |
| 42% | 7 | $5,095,000 | $727,857 | $4,894 | 2.70% |
| 39% | 6 | $4,900,000 | $816,667 | $13,584 | 2.76% |
| 47% | 3 | $1,185,000 | $395,000 | $5,629 | 3.18% |
| 46% | 2 | $1,460,000 | $730,000 | $24,526 | 2.84% |
| 44% | 2 | $1,400,000 | $700,000 | $15,732 | 2.59% |
| 49% | 2 | $990,000 | $495,000 | $17,325 | 3.46% |
| 43% | 1 | $525,000 | $525,000 | $2,833 | 1.99% |
| >60% | 1 | $185,000 | $185,000 | $0 | 2.50% |
| 50-60% | 1 | $105,000 | $105,000 | $0 | 3.25% |
| 45% | 1 | $1,205,000 | $1,205,000 | $16,648 | 2.99% |
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
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 97 | $57,505,000 | $592,835 | $8,883 | 2.81% |
| White | 89 | $53,955,000 | $606,236 | $8,373 | 2.76% |
| Asian | 19 | $11,845,000 | $623,421 | $6,671 | 2.72% |
| Black | 6 | $1,760,000 | $293,333 | $3,193 | 2.60% |
| American Indian | 2 | $1,350,000 | $675,000 | $3,123 | 2.81% |
| Asian Indian | 1 | $1,005,000 | $1,005,000 | $17,585 | 2.49% |
| Filipino | 2 | $680,000 | $340,000 | $3,310 | 2.93% |
| Native Hawaiian | 1 | $555,000 | $555,000 | $4,305 | 2.68% |
Approval Rates
Total approvals of all applications88.61%
Sea West Coast Guard Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination65.17%
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 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 217 | $128,655,000 | $592,880 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 56 | $26,900,000 | $480,357 | $5,935 | 2.63% |
| 40-60% | 70 | $54,000,000 | $771,429 | $8,944 | 2.68% |
| 60-80% | 52 | $38,620,000 | $742,692 | $11,347 | 2.68% |
| 80-100% | 3 | $885,000 | $295,000 | $0 | 2.92% |
| Under 20% | 36 | $8,250,000 | $229,167 | $4,757 | 3.31% |
