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

Columbia, SC

LEI: 5493001W9K6LDV5X2H07

Tax ID: 57-0345019

5 stars - Updated: 4/5/25 - out of 5 stars, based on 32 reviews

Latest/2024 | 2023 Data | 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, Charleston, Seneca, 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.

    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) 6.20% 4/5/25
    30 Year Conventional Purchase 6.40% 4/5/25
    30 Year Conventional Refi 6.22% 4/5/25
    30 Year Cash-out Refi 5.34% 4/5/25
    30 Year FHA Purchase 5.81% 4/5/25
    15 Year Conventional Purchase 6.34% 4/5/25
    15 Year Conventional Refi 5.26% 4/5/25
    15 Year Cash-out Refi 5.26% 4/5/25
    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

    1,034

    Origination Dollar Volume (All Markets)

    $107,710,000

    Awards

    S. C. STATE FEDERAL CREDIT UNION 30 Year Conventional Loans gold S. C. STATE FEDERAL CREDIT UNION 30 Year Conventional Loans silver S. C. STATE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    S. C. State Federal Credit Union's average 30 year fixed mortgage rate was 6.16%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.39%.

    Relative Fees (Closing Costs)

    S. C. State Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,959.

    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 $8,356.

    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) 413 $40,555,000 $98,196 $3,263 4.64%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 251 $27,775,000 $110,657 $3,579 4.60%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 63 $9,455,000 $150,079 $5,620 4.55%
    Seneca, SC (FHA|USDA|VA) 83 $9,115,000 $109,819 $2,438 4.57%
    SPARTANBURG, SC (FHA|USDA|VA) 44 $4,750,000 $107,955 $3,774 4.59%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 35 $3,735,000 $106,714 $3,679 4.72%
    Orangeburg, SC (FHA|USDA|VA) 33 $2,555,000 $77,424 $2,090 4.59%
    Outside of Metro Areas 30 $2,320,000 $77,333 $2,581 5.35%
    FLORENCE, SC (FHA|USDA|VA) 27 $1,935,000 $71,667 $2,025 4.63%
    Greenwood, SC (FHA|USDA|VA) 20 $1,810,000 $90,500 $0 4.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,085,000 $120,556 $0 4.50%
    SUMTER, SC (FHA|USDA|VA) 5 $755,000 $151,000 $2,392 4.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $505,000 $101,000 $2,604 4.70%
    Newberry, SC (FHA|USDA|VA) 7 $485,000 $69,286 $0 4.50%
    Bennettsville, SC (FHA|USDA|VA) 3 $305,000 $101,667 $2,786 5.08%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.50%
    Union, SC (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.50%
    Gaffney, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.50%
    Georgetown, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    S. C. State Federal Credit Union's top markets include Columbia, Greenville, Charleston, Seneca, 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.

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 50
    MID CAROLINA Credit Union
    Similarity Rank: 120
    SAFE FEDERAL CREDIT UNION
    Similarity Rank: 126
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 144
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 304
    INSPIRE HOME LOANS INC.
    Similarity Rank: 306
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 385
    Grow Financial Federal Credit Union
    Similarity Rank: 390
    CPM Federal Credit Union
    Similarity Rank: 1452
    PULTE MORTGAGE LLC
    Similarity Rank: 2016

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 948 $94,130,000 $99,293 n/a 4.50%
    Conventional 86 $13,580,000 $157,907 $3,222 6.13%

    For 2024, S. C. State Federal Credit Union's most frequently originated type of loan was HELOC, with 948 originations. Their 2nd most popular type was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 466 $45,260,000 $97,124 $3,660 4.53%
    Home Improvement 205 $17,095,000 $83,390 $2,296 4.53%
    Refi 205 $25,315,000 $123,488 $2,581 4.58%
    Cash Out Refi 116 $12,840,000 $110,690 $3,270 4.72%
    Home Purchase 42 $7,200,000 $171,429 $3,429 6.37%

    For 2024, S. C. State Federal Credit Union's most frequently cited loan purpose was Other, with 466 originations. The 2nd most popular reason was Home Improvement, with 205 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 948 $94,130,000 $99,293 $0 4.50%
    15 Year 49 $6,475,000 $132,143 $2,795 6.14%
    30 Year 33 $6,685,000 $202,576 $3,959 6.16%
    20 Year 3 $365,000 $121,667 $2,534 5.88%
    10 Year 1 $55,000 $55,000 $1,870 4.88%

    For 2024, S. C. State Federal Credit Union's most frequently cited loan duration was Other, with 948 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 41 $6,465,000 $157,683
    $<1k 27 $1,845,000 $68,333
    $2k-3k 11 $2,665,000 $242,273
    $3k-4k 4 $1,260,000 $315,000
    $4k-5k 3 $1,345,000 $448,333

    S. C. State Federal Credit Union's average total fees were $3,959, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 954 $94,950,000 $99,528
    5-6% 39 $6,055,000 $155,256
    6-7% 31 $5,545,000 $178,871
    7-8% 10 $1,160,000 $116,000

    During 2024, S. C. State Federal Credit Union's average interest rate for loans was 6.16%, while their most frequently originated rate bucket for loans was 4-5%, with 954 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 641 $36,845,000 $57,480 $2,023 4.57%
    $100k-200k 270 $35,890,000 $132,926 $3,247 4.74%
    $200k-400k 104 $26,290,000 $252,788 $4,561 4.73%
    $400k-600k 19 $8,685,000 $457,105 $6,535 4.82%

    2024 saw S. C. State Federal Credit Union place emphasis on $100,000 or less loans with 641 originations, totaling $36,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 296 $31,400,000 $106,081 $3,209 4.66%
    $50k-75k 194 $14,390,000 $74,175 $3,204 4.60%
    $150k-250k 190 $23,460,000 $123,474 $3,613 4.65%
    $75k-100k 185 $15,965,000 $86,297 $3,060 4.65%
    $50k or less 81 $4,165,000 $51,420 $2,649 4.63%
    $250k+ 80 $17,180,000 $214,750 $2,619 4.53%

    S. C. State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 296 originations. The second most popular income band? $50k-75k, with 194 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 329 $34,325,000 $104,331 $3,179 4.64%
    30-36% 302 $31,370,000 $103,874 $3,289 4.63%
    <20% 168 $16,840,000 $100,238 $2,814 4.67%
    37% 67 $6,455,000 $96,343 $3,201 4.56%
    36% 51 $6,265,000 $122,843 $2,667 4.69%
    38% 39 $3,455,000 $88,590 $5,452 4.59%
    39% 35 $3,225,000 $92,143 $3,438 4.58%
    40% 14 $1,230,000 $87,857 $0 4.50%
    41% 12 $1,710,000 $142,500 $3,357 4.65%
    42% 9 $1,345,000 $149,444 $0 4.50%
    43% 3 $235,000 $78,333 $0 4.50%
    44% 1 $225,000 $225,000 $0 4.50%
    45% 1 $305,000 $305,000 $0 4.50%
    49% 1 $275,000 $275,000 $8,009 6.63%
    50-60% 1 $405,000 $405,000 $0 4.50%
    >60% 1 $45,000 $45,000 $0 4.50%

    S. C. State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 329 originations. The next most common DTI ratio? 30-36%, with 302 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 732 $80,650,000 $110,178 $3,348 4.64%
    Black 215 $16,675,000 $77,558 $2,825 4.60%
    Not provided 72 $7,550,000 $104,861 $2,860 4.72%
    Asian 13 $2,545,000 $195,769 $4,078 4.65%
    Native Hawaiian or Islander 1 $185,000 $185,000 $0 4.50%
    American Indian 1 $105,000 $105,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    76.44%

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

    Pick Rate

    Approvals leading to origination
    84.24%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,034 $107,710,000 $104,168

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,034 $107,710,000 $104,168

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 420 $43,090,000 $102,595 $2,501 4.55%
    40-60% 139 $21,545,000 $155,000 $2,869 4.67%
    60-80% 75 $15,265,000 $203,533 $3,916 5.36%
    80-100% 27 $4,675,000 $173,148 $2,908 5.56%
    Over 100% 1 $65,000 $65,000 $0 4.50%
    Under 20% 372 $23,070,000 $62,016 $2,034 4.51%