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

Columbia, SC

LEI: 5493001W9K6LDV5X2H07

Tax ID: 57-0345019

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Refi, and Home Purchase loans. S. C. State Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Greenville, Seneca, Spartanburg, and Charleston 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 an average pick rate when compared to similar lenders. S. C. State Federal Credit Union is typically an average 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) 5.85% 11/21/24
    30 Year Conventional Purchase 6.18% 11/21/24
    30 Year Conventional Refi 5.96% 11/21/24
    30 Year Cash-out Refi 5.94% 11/21/24
    30 Year FHA Purchase 5.65% 11/21/24
    15 Year Conventional Purchase 6.64% 11/21/24
    15 Year Conventional Refi 5.49% 11/21/24
    15 Year Cash-out Refi 5.49% 11/21/24
    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

    604

    Origination Dollar Volume (All Markets)

    $48,650,000

    Awards

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

    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) 244 $17,560,000 $71,967 $3,614 3.30%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 178 $13,760,000 $77,303 $3,472 3.70%
    Seneca, SC (FHA|USDA|VA) 67 $6,265,000 $93,507 $3,901 3.88%
    SPARTANBURG, SC (FHA|USDA|VA) 30 $2,970,000 $99,000 $4,514 3.41%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 23 $2,615,000 $113,696 $5,334 3.17%
    FLORENCE, SC (FHA|USDA|VA) 11 $1,095,000 $99,545 $2,892 3.04%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 11 $1,005,000 $91,364 $3,270 3.37%
    Outside of Metro Areas 9 $565,000 $62,778 $2,550 3.24%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $520,000 $86,667 $3,863 4.30%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $460,000 $230,000 $6,847 4.00%
    Greenwood, SC (FHA|USDA|VA) 5 $395,000 $79,000 $0 2.90%
    Newberry, SC (FHA|USDA|VA) 4 $340,000 $85,000 $2,673 4.95%
    Orangeburg, SC (FHA|USDA|VA) 5 $305,000 $61,000 $3,152 3.27%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $190,000 $95,000 $2,987 4.43%
    Georgetown, SC (FHA|USDA|VA) 2 $180,000 $90,000 $3,465 3.26%
    Union, SC (FHA|USDA|VA) 2 $180,000 $90,000 $0 2.90%
    Gaffney, SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,231 3.25%
    SUMTER, SC (FHA|USDA|VA) 1 $95,000 $95,000 $2,874 3.75%
    Bennettsville, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.90%
    S. C. State Federal Credit Union's top markets include Columbia, Greenville, Seneca, Spartanburg, and Charleston 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.

    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 285
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 480
    BLMC, INC
    Similarity Rank: 755
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 759
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 780
    CPM Federal Credit Union
    Similarity Rank: 882
    Entegra Bank
    Similarity Rank: 1036
    Amerisouth Mortgage Company
    Similarity Rank: 1131
    SOUTH CAROLINA FEDERAL CREDIT UNION
    Similarity Rank: 1302
    MTC Federal Credit Union
    Similarity Rank: 1751

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 391 $23,375,000 $59,783 n/a 2.90%
    Conventional 213 $25,275,000 $118,662 $3,693 4.60%

    For 2018, S. C. State Federal Credit Union's most frequently originated type of loan was HELOC, with 391 originations. Their 2nd most popular type was Conventional, with 213 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 228 $12,310,000 $53,991 $3,218 2.92%
    Refi 174 $16,980,000 $97,586 $3,169 3.33%
    Home Purchase 134 $15,420,000 $115,075 $4,006 4.99%
    Home Improvement 63 $3,255,000 $51,667 $0 2.90%
    Cash Out Refi 5 $685,000 $137,000 $3,100 3.46%

    For 2018, S. C. State Federal Credit Union's most frequently cited loan purpose was Other, with 228 originations. The 2nd most popular reason was Refi, with 174 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 392 $23,400,000 $59,694 $3,894 2.91%
    15 Year 140 $13,070,000 $93,357 $3,229 4.75%
    30 Year 63 $11,395,000 $180,873 $4,899 4.24%
    10 Year 6 $390,000 $65,000 $2,664 5.16%
    20 Year 3 $395,000 $131,667 $3,963 4.21%

    For 2018, S. C. State Federal Credit Union's most frequently cited loan duration was Other, with 392 originations. The 2nd most popular length was 15 Year, with 140 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 107 $6,245,000 $58,364
    $1k-2k 73 $10,525,000 $144,178
    $2k-3k 23 $5,815,000 $252,826
    $3k-4k 5 $1,705,000 $341,000
    $4k-5k 1 $435,000 $435,000

    S. C. State Federal Credit Union's average total fees were $4,899, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 107 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 392 $23,410,000 $59,719
    3-4% 87 $9,915,000 $113,966
    5-6% 68 $5,300,000 $77,941
    4-5% 53 $9,795,000 $184,811
    6-7% 3 $85,000 $28,333

    During 2018, S. C. State Federal Credit Union's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 392 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 431 $19,905,000 $46,183 $2,639 3.38%
    $100k-200k 129 $17,025,000 $131,977 $4,163 3.77%
    $200k-400k 41 $10,475,000 $255,488 $5,947 3.90%
    $400k-600k 3 $1,245,000 $415,000 $8,185 3.76%

    2018 saw S. C. State Federal Credit Union place emphasis on $100,000 or less loans with 431 originations, totaling $19,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 151 $10,695,000 $70,828 $3,459 3.49%
    $100k-150k 144 $12,250,000 $85,069 $3,830 3.46%
    $75k-100k 114 $9,000,000 $78,947 $3,415 3.36%
    $50k or less 108 $5,850,000 $54,167 $3,027 3.34%
    $150k-250k 65 $7,165,000 $110,231 $4,200 3.87%
    $250k+ 15 $2,715,000 $181,000 $5,448 4.61%

    S. C. State Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 151 originations. The second most popular income band? $100k-150k, with 144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 201 $17,165,000 $85,398 $4,170 3.47%
    <20% 155 $11,385,000 $73,452 $3,548 3.50%
    30-36% 118 $9,920,000 $84,068 $3,580 3.51%
    36% 17 $1,045,000 $61,471 $2,765 3.14%
    37% 17 $1,325,000 $77,941 $4,115 3.68%
    38% 16 $1,230,000 $76,875 $2,182 3.60%
    39% 12 $1,320,000 $110,000 $4,409 3.80%
    43% 11 $655,000 $59,545 $2,156 3.45%
    41% 11 $935,000 $85,000 $3,276 3.55%
    40% 10 $710,000 $71,000 $3,348 3.30%
    44% 7 $405,000 $57,857 $1,725 3.34%
    42% 6 $330,000 $55,000 $2,509 4.28%
    50-60% 5 $435,000 $87,000 $2,922 3.07%
    45% 3 $335,000 $111,667 $5,894 3.27%
    46% 3 $225,000 $75,000 $2,643 5.95%
    48% 3 $355,000 $118,333 $0 2.90%
    49% 2 $50,000 $25,000 $0 2.90%
    >60% 2 $140,000 $70,000 $0 2.90%

    S. C. State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 201 originations. The next most common DTI ratio? <20%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 464 $38,230,000 $82,392 $3,790 3.39%
    Black 89 $5,335,000 $59,944 $2,851 3.31%
    Not provided 45 $4,565,000 $101,444 $3,819 5.07%
    American Indian 2 $270,000 $135,000 $2,416 3.26%
    Asian 4 $250,000 $62,500 $3,186 3.29%

    Approval Rates

    Total approvals of all applications
    86.60%

    S. C. State Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.55%

    S. C. State Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 604 $48,650,000 $80,546

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $825,000 $75,000
    Single Family (1-4 Units):Site-Built 593 $47,825,000 $80,649

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 159 $9,825,000 $61,792 $2,779 2.98%
    40-60% 89 $8,735,000 $98,146 $3,744 3.35%
    60-80% 136 $15,860,000 $116,618 $3,823 4.35%
    80-100% 75 $9,275,000 $123,667 $3,613 4.37%
    Over 100% 3 $435,000 $145,000 $3,967 3.34%
    Under 20% 142 $4,520,000 $31,831 $3,521 2.91%