S. C. State Federal Credit Union Mortgage Rates, Fees & InfoColumbia, SC
Tax ID: 57-0345019
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewS. C. State Federal Credit Union is a smaller credit union specializing in Other and Refi loans. S. C. State Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Columbia, Greenville, Seneca, Charleston, and Spartanburg among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)
S. C. State 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. S. C. State Federal Credit Union is typically a low 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||5.85%||9/25/23|
|30 Year Conventional Purchase||6.18%||9/25/23|
|30 Year Conventional Refi||5.96%||9/25/23|
|30 Year Cash-out Refi||5.94%||9/25/23|
|30 Year FHA Purchase||5.65%||9/25/23|
|15 Year Conventional Purchase||6.64%||9/25/23|
|15 Year Conventional Refi||5.49%||9/25/23|
|15 Year Cash-out Refi||5.49%||9/25/23|
|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.|
S. C. State Federal Credit Union Mortgage Calculator
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This is not an official calculator from S. C. State Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$84,855,000
S. C. STATE FEDERAL CREDIT UNION - 2022
S. C. STATE FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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S. C. State Federal Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.24%.
Relative Fees (Closing Costs)
S. C. State Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,015.
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.
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|
|COLUMBIA, SC (FHA|USDA|VA)||408||$34,560,000||$84,706||$1,533||3.57%|
|GREENVILLE-ANDERSON, SC (FHA|USDA|VA)||223||$20,305,000||$91,054||$1,473||3.62%|
|Seneca, SC (FHA|USDA|VA)||83||$8,735,000||$105,241||$1,250||3.65%|
|CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)||45||$5,435,000||$120,778||$1,625||3.61%|
|SPARTANBURG, SC (FHA|USDA|VA)||39||$3,025,000||$77,564||$1,199||3.47%|
|FLORENCE, SC (FHA|USDA|VA)||22||$2,340,000||$106,364||$1,243||3.75%|
|AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)||23||$1,865,000||$81,087||$1,325||3.35%|
|Orangeburg, SC (FHA|USDA|VA)||25||$1,585,000||$63,400||$3,974||3.55%|
|Outside of Metro Areas||15||$1,395,000||$93,000||$2,222||3.31%|
|Newberry, SC (FHA|USDA|VA)||11||$1,235,000||$112,273||$1,342||3.70%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||6||$1,050,000||$175,000||$7,095||3.77%|
|Greenwood, SC (FHA|USDA|VA)||14||$930,000||$66,429||$4,910||3.46%|
|Georgetown, SC (FHA|USDA|VA)||3||$695,000||$231,667||$1,395||4.04%|
|CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)||5||$575,000||$115,000||$1,459||3.50%|
|SUMTER, SC (FHA|USDA|VA)||4||$410,000||$102,500||$1,720||3.88%|
|Bennettsville, SC (FHA|USDA|VA)||2||$250,000||$125,000||$0||3.50%|
|HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)||3||$195,000||$65,000||$0||3.50%|
|Union, SC (FHA|USDA|VA)||4||$190,000||$47,500||$0||3.50%|
|Gaffney, SC (FHA|USDA|VA)||2||$80,000||$40,000||$0||3.50%|
We use machine learning to identify the top lenders compared against S. C. STATE 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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, S. C. State Federal Credit Union's most frequently originated type of loan was HELOC, with 792 originations. Their 2nd most popular type was Conventional, with 145 originations.
For 2022, S. C. State Federal Credit Union's most frequently cited loan purpose was Other, with 495 originations. The 2nd most popular reason was Refi, with 219 originations.
For 2022, S. C. State Federal Credit Union's most frequently cited loan duration was Other, with 819 originations. The 2nd most popular length was 15 Year, with 68 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
S. C. State Federal Credit Union's average total fees were $2,015, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 52 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, S. C. State Federal Credit Union's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 3-4%, with 838 originations.
2022 saw S. C. State Federal Credit Union place emphasis on $100,000 or less loans with 638 originations, totaling $33,890,000 in origination value.
S. C. State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 232 originations. The second most popular income band? $50k-75k, with 230 originations.
Applicant Debt to Income Ratio
S. C. State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 278 originations. The next most common DTI ratio? 30-36%, with 246 originations.
Approval RatesTotal approvals of all applications
S. C. State Federal Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
S. C. State Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|