S. C. State Federal Credit Union Mortgage Rates, Fees & Info

Columbia, SC

LEI: 5493001W9K6LDV5X2H07

Tax ID: 57-0345019

5 stars - Updated: 12/16/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    S. 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.85% 12/16/24
    30 Year Conventional Purchase 6.18% 12/16/24
    30 Year Conventional Refi 5.96% 12/16/24
    30 Year Cash-out Refi 5.94% 12/16/24
    30 Year FHA Purchase 5.65% 12/16/24
    15 Year Conventional Purchase 6.64% 12/16/24
    15 Year Conventional Refi 5.49% 12/16/24
    15 Year Cash-out Refi 5.49% 12/16/24
    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.

    S. C. State 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 S. C. State 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

    1,020

    Origination Dollar Volume (All Markets)

    $92,320,000

    Awards

    S. C. STATE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    S. C. State Federal Credit Union's average 30 year fixed mortgage rate was 6.35%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.13%.

    Relative Fees (Closing Costs)

    S. C. State Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $1,775.

    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 $9,089.

    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
    COLUMBIA, SC (FHA|USDA|VA) 415 $36,635,000 $88,277 $1,413 4.37%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 246 $20,980,000 $85,285 $1,416 4.32%
    Seneca, SC (FHA|USDA|VA) 87 $8,345,000 $95,920 $1,438 4.40%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 45 $5,675,000 $126,111 $1,550 4.38%
    SPARTANBURG, SC (FHA|USDA|VA) 47 $4,305,000 $91,596 $1,441 4.38%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 34 $2,740,000 $80,588 $1,350 4.57%
    Orangeburg, SC (FHA|USDA|VA) 29 $2,525,000 $87,069 $1,180 4.40%
    Greenwood, SC (FHA|USDA|VA) 25 $2,445,000 $97,800 $1,333 4.39%
    Outside of Metro Areas 31 $2,355,000 $75,968 $2,131 4.96%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $1,410,000 $176,250 $1,243 4.67%
    FLORENCE, SC (FHA|USDA|VA) 17 $1,215,000 $71,471 $0 4.15%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $950,000 $118,750 $1,224 4.70%
    Newberry, SC (FHA|USDA|VA) 11 $945,000 $85,909 $1,012 4.23%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $650,000 $108,333 $0 4.17%
    SUMTER, SC (FHA|USDA|VA) 4 $370,000 $92,500 $1,348 3.94%
    Georgetown, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,534 5.63%
    Gaffney, SC (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.50%
    Union, SC (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.50%
    Bennettsville, SC (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.50%
    S. C. State Federal Credit Union's top markets include Columbia, Greenville, Seneca, Charleston, and Spartanburg among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    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.

    SAFE FEDERAL CREDIT UNION
    Similarity Rank: 80
    Community First Bank, Inc.
    Similarity Rank: 135
    Security Federal Bank
    Similarity Rank: 150
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 376
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 574
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 615
    CPM Federal Credit Union
    Similarity Rank: 1562
    Arthur State Bank
    Similarity Rank: 1610
    First Bank
    Similarity Rank: 1887
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 2442

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 956 $84,420,000 $88,305 n/a 4.26%
    Conventional 64 $7,900,000 $123,438 $1,492 6.23%

    For 2023, S. C. State Federal Credit Union's most frequently originated type of loan was HELOC, with 956 originations. Their 2nd most popular type was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 493 $38,485,000 $78,063 $0 4.24%
    Refi 229 $28,685,000 $125,262 $1,282 4.33%
    Home Improvement 183 $12,895,000 $70,464 $1,247 4.37%
    Cash Out Refi 81 $7,755,000 $95,741 $1,240 4.57%
    Home Purchase 34 $4,500,000 $132,353 $1,718 6.51%

    For 2023, S. C. State Federal Credit Union's most frequently cited loan purpose was Other, with 493 originations. The 2nd most popular reason was Refi, with 229 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 960 $85,050,000 $88,594 $1,346 4.26%
    15 Year 40 $3,960,000 $99,000 $1,371 6.21%
    30 Year 16 $2,830,000 $176,875 $1,775 6.35%
    10 Year 2 $90,000 $45,000 $790 7.10%
    20 Year 1 $345,000 $345,000 $2,534 5.63%
    5 Year 1 $45,000 $45,000 $0 7.63%

    For 2023, S. C. State Federal Credit Union's most frequently cited loan duration was Other, with 960 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 24 $1,500,000 $62,500
    $1k-2k 18 $2,730,000 $151,667
    $3k-4k 4 $1,330,000 $332,500
    $2k-3k 3 $715,000 $238,333
    $4k-5k 1 $415,000 $415,000

    S. C. State Federal Credit Union's average total fees were $1,775, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 24 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 728 $63,470,000 $87,184
    3-4% 228 $21,040,000 $92,281
    6-7% 29 $3,175,000 $109,483
    5-6% 21 $3,685,000 $175,476
    7-8% 8 $600,000 $75,000
    Over 8% 1 $45,000 $45,000

    During 2023, S. C. State Federal Credit Union's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 4-5%, with 728 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 697 $38,765,000 $55,617 $1,273 4.37%
    $100k-200k 241 $30,185,000 $125,249 $1,481 4.43%
    $200k-400k 76 $20,620,000 $271,316 $2,284 4.37%
    $400k-600k 6 $2,750,000 $458,333 $1,626 4.56%

    2023 saw S. C. State Federal Credit Union place emphasis on $100,000 or less loans with 697 originations, totaling $38,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 264 $23,450,000 $88,826 $1,301 4.37%
    $50k-75k 204 $12,990,000 $63,676 $1,409 4.44%
    $75k-100k 203 $16,235,000 $79,975 $1,311 4.33%
    $150k-250k 193 $23,625,000 $122,409 $1,918 4.36%
    $50k or less 87 $4,375,000 $50,287 $1,166 4.49%
    $250k+ 60 $11,030,000 $183,833 $2,886 4.38%

    S. C. State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $50k-75k, with 204 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 330 $29,270,000 $88,697 $1,518 4.41%
    30-36% 276 $25,020,000 $90,652 $1,620 4.35%
    <20% 183 $16,695,000 $91,230 $1,293 4.43%
    36% 57 $4,555,000 $79,912 $1,421 4.31%
    37% 53 $5,575,000 $105,189 $2,658 4.21%
    38% 43 $4,155,000 $96,628 $1,611 4.36%
    39% 23 $2,395,000 $104,130 $0 4.46%
    40% 20 $1,840,000 $92,000 $0 4.40%
    41% 16 $1,040,000 $65,000 $1,641 4.45%
    42% 9 $715,000 $79,444 $1,118 4.88%
    43% 6 $710,000 $118,333 $0 4.00%
    44% 3 $315,000 $105,000 $0 4.50%
    45% 1 $35,000 $35,000 $0 4.50%

    S. C. State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 330 originations. The next most common DTI ratio? 30-36%, with 276 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 680 $65,060,000 $95,676 $1,488 4.36%
    Black 229 $16,665,000 $72,773 $1,378 4.43%
    Not provided 100 $9,660,000 $96,600 $1,833 4.40%
    Asian 8 $770,000 $96,250 $940 4.83%
    American Indian 3 $165,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    74.49%

    S. C. State Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.45%

    S. C. State Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,020 $92,320,000 $90,510

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,020 $92,320,000 $90,510

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 435 $38,355,000 $88,172 $1,479 4.33%
    40-60% 97 $12,275,000 $126,546 $1,658 4.40%
    60-80% 81 $13,595,000 $167,840 $1,553 5.00%
    80-100% 38 $6,780,000 $178,421 $1,493 4.80%
    Over 100% 2 $90,000 $45,000 $0 4.50%
    Under 20% 364 $21,000,000 $57,692 $1,041 4.28%