Sea West Coast Guard Federal Credit Union Mortgage Rates, Fees & Info

Oakland, CA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 3/29/24
30 Year Conventional Refi 6.27% 3/29/24
30 Year Cash-out Refi 6.27% 3/29/24
30 Year VA Purchase 6.27% 3/29/24
15 Year Conventional Refi 5.68% 3/29/24
15 Year Cash-out Refi 5.68% 3/29/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Sea West Coast Guard Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

50

Origination Dollar Volume (All Markets)

$9,070,000

Relative 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%
Sea West Coast Guard Federal Credit Union's top markets include San Francisco, Los Angeles, Phoenix, Sacramento, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • 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.

    BAY
    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,065,000 $241,190 $0 3.78%
    $100k-200k 17 $2,165,000 $127,353 $0 3.76%
    $100,000 or less 10 $700,000 $70,000 $0 3.70%
    $400k-600k 1 $525,000 $525,000 $0 6.50%
    $600k-1MM 1 $615,000 $615,000 $0 6.63%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $4,075,000 $194,048 $0 3.93%
    $100k-150k 14 $2,290,000 $163,571 $0 3.84%
    $250k+ 9 $2,095,000 $232,778 $0 3.71%
    $50k-75k 3 $245,000 $81,667 $0 3.99%
    $75k-100k 3 $365,000 $121,667 $0 3.89%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $1,995,000 $181,364 $0 3.95%
    30-36% 8 $1,190,000 $148,750 $0 3.67%
    43% 5 $665,000 $133,000 $0 3.59%
    <20% 4 $1,260,000 $315,000 $0 4.85%
    36% 3 $445,000 $148,333 $0 3.32%
    45% 3 $555,000 $185,000 $0 3.89%
    42% 2 $210,000 $105,000 $0 3.84%
    38% 2 $270,000 $135,000 $0 3.69%
    39% 2 $510,000 $255,000 $0 3.34%
    50-60% 2 $270,000 $135,000 $0 3.49%
    40% 1 $105,000 $105,000 $0 3.99%
    44% 1 $55,000 $55,000 $0 3.99%
    37% 1 $55,000 $55,000 $0 3.99%
    46% 1 $255,000 $255,000 $0 3.39%
    47% 1 $255,000 $255,000 $0 2.99%
    49% 1 $105,000 $105,000 $0 3.99%
    >60% 1 $615,000 $615,000 $0 6.63%
    41% 1 $255,000 $255,000 $0 3.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 15 $3,835,000 $255,667 $0 3.86%
    White 25 $3,805,000 $152,200 $0 3.84%
    Asian 7 $875,000 $125,000 $0 3.95%
    Black 3 $555,000 $185,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    67.72%

    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 origination
    28.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    50 $9,070,000 $181,400

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,230,000 $223,000 $0 3.89%
    40-60% 2 $540,000 $270,000 $0 5.07%
    60-80% 1 $615,000 $615,000 $0 6.63%
    80-100% 1 $525,000 $525,000 $0 6.50%
    Under 20% 36 $5,160,000 $143,333 $0 3.65%