Safe Federal Credit Union Mortgage Rates, Fees & Info

Sumter, SC

LEI: 549300BLQQL5GPC6OJ66

Tax ID: 57-0374874

5 stars - Updated: 4/5/25 - out of 5 stars, based on 26 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

    Safe Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Safe Federal Credit Union has a high proportion of conventional loans. Safe Federal Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Columbia, Sumter, Florence, Charlotte, and Newberry among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Safe 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. Safe 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.

    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 6.62% 4/5/25
    30 Year Conventional Refi 6.48% 4/5/25
    30 Year Cash-out Refi 6.55% 4/5/25
    15 Year Conventional Purchase 7.67% 4/5/25
    15 Year Conventional Refi 6.93% 4/5/25
    15 Year Cash-out Refi 6.93% 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.

    Safe 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 Safe 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

    679

    Origination Dollar Volume (All Markets)

    $104,885,000
    Show all (8) awards

    Relative Rate

    Safe Federal Credit Union's average 30 year fixed mortgage rate was 6.3%.

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

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Safe Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,050.

    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) 297 $43,835,000 $147,593 $2,097 6.82%
    SUMTER, SC (FHA|USDA|VA) 247 $33,275,000 $134,717 $2,078 6.81%
    FLORENCE, SC (FHA|USDA|VA) 67 $13,465,000 $200,970 $3,078 6.62%
    Outside of Metro Areas 23 $3,815,000 $165,870 $3,205 6.69%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $3,755,000 $341,364 $4,552 6.90%
    Newberry, SC (FHA|USDA|VA) 5 $1,505,000 $301,000 $4,801 7.13%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,045,000 $209,000 $3,956 6.81%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $915,000 $183,000 $1,599 7.33%
    Orangeburg, SC (FHA|USDA|VA) 6 $830,000 $138,333 $2,166 6.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $815,000 $271,667 $2,853 7.21%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $570,000 $142,500 $3,209 6.88%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $445,000 $148,333 $2,620 7.08%
    Seneca, SC (FHA|USDA|VA) 1 $395,000 $395,000 $6,016 6.75%
    Georgetown, SC (FHA|USDA|VA) 2 $220,000 $110,000 $1,314 6.94%
    Safe Federal Credit Union's top markets include Columbia, Sumter, Florence, Charlotte, and Newberry among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SAFE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MID CAROLINA Credit Union
    Similarity Rank: 120
    SAFE FEDERAL CREDIT UNION
    Similarity Rank: 196
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 304
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 385
    Grow Financial Federal Credit Union
    Similarity Rank: 390
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 700
    Arthur State Bank
    Similarity Rank: 1620
    SOUTH CAROLINA FEDERAL CREDIT UNION
    Similarity Rank: 1664
    MORTGAGE EQUITY PARTNERS LLC
    Similarity Rank: 1840
    First Palmetto Bank
    Similarity Rank: 1936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 607 $99,805,000 $164,423 $2,318 6.80%
    Conventional 72 $5,080,000 $70,556 $0 0.00%

    For 2024, Safe Federal Credit Union's most frequently originated type of loan was Conventional, with 607 originations. Their 2nd most popular type was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 240 $56,020,000 $233,417 $3,454 6.46%
    Cash Out Refi 230 $22,690,000 $98,652 $1,287 7.07%
    Home Improvement 148 $11,890,000 $80,338 $959 7.02%
    Other 37 $10,735,000 $290,135 $5,740 6.91%
    Refi 24 $3,550,000 $147,917 $1,719 6.61%

    For 2024, Safe Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Cash Out Refi, with 230 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 242 $51,330,000 $212,107 $3,050 6.30%
    15 Year 170 $13,000,000 $76,471 $772 7.72%
    Other 109 $9,935,000 $91,147 $688 6.49%
    10 Year 81 $4,995,000 $61,667 $857 6.61%
    30+ year 69 $24,615,000 $356,739 $6,092 6.71%
    20 Year 8 $1,010,000 $126,250 $2,591 6.28%

    For 2024, Safe Federal Credit Union's most frequently cited loan duration was 30 Year, with 242 originations. The 2nd most popular length was 15 Year, with 170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 539 $78,125,000 $144,944
    $1k-2k 57 $19,165,000 $336,228
    $3k-4k 3 $735,000 $245,000
    $4k-5k 2 $500,000 $250,000
    $5k+ 2 $930,000 $465,000

    Safe Federal Credit Union's average total fees were $3,050, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 539 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 324 $61,040,000 $188,395
    7-8% 113 $10,575,000 $93,584
    5-6% 96 $20,340,000 $211,875
    Over 8% 68 $5,360,000 $78,824
    4-5% 4 $1,390,000 $347,500
    3-4% 2 $1,100,000 $550,000

    During 2024, Safe Federal Credit Union's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 312 $18,080,000 $57,949 $901 7.20%
    $100k-200k 166 $24,760,000 $149,157 $2,363 6.67%
    $200k-400k 166 $44,000,000 $265,060 $3,721 6.40%
    $400k-600k 28 $13,380,000 $477,857 $5,335 6.50%
    $600k-1MM 7 $4,665,000 $666,429 $7,191 5.54%

    2024 saw Safe Federal Credit Union place emphasis on $100,000 or less loans with 312 originations, totaling $18,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 177 $31,785,000 $179,576 $2,722 6.90%
    $50k-75k 141 $17,565,000 $124,574 $2,011 6.76%
    $75k-100k 131 $17,235,000 $131,565 $2,137 6.69%
    $150k-250k 103 $23,315,000 $226,359 $2,952 6.84%
    $50k or less 97 $9,695,000 $99,948 $1,804 6.74%
    $250k+ 18 $4,170,000 $231,667 $2,911 6.69%

    Safe Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 177 originations. The second most popular income band? $50k-75k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $19,715,000 $165,672 $2,466 6.51%
    30-36% 106 $17,540,000 $165,472 $2,150 6.81%
    Exempt% 72 $5,080,000 $70,556 $0 0.00%
    <20% 46 $6,320,000 $137,391 $2,096 6.44%
    42% 45 $6,785,000 $150,778 $2,366 7.14%
    44% 41 $5,365,000 $130,854 $1,683 7.20%
    40% 35 $3,945,000 $112,714 $1,408 7.06%
    41% 30 $5,190,000 $173,000 $2,337 7.06%
    39% 29 $5,535,000 $190,862 $2,735 6.68%
    43% 29 $4,005,000 $138,103 $1,718 6.93%
    36% 22 $3,950,000 $179,545 $2,389 6.73%
    37% 19 $3,365,000 $177,105 $2,902 6.95%
    38% 19 $3,835,000 $201,842 $2,650 6.84%
    45% 16 $3,710,000 $231,875 $3,491 6.75%
    47% 8 $1,730,000 $216,250 $3,086 6.64%
    48% 8 $1,710,000 $213,750 $2,503 6.45%
    46% 8 $2,040,000 $255,000 $3,587 6.48%
    49% 5 $1,785,000 $357,000 $4,742 6.43%
    >60% 1 $85,000 $85,000 $649 8.38%
    50-60% 1 $235,000 $235,000 $3,830 6.25%

    Safe Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 480 $74,090,000 $154,354 $2,364 6.78%
    Black 157 $23,415,000 $149,140 $2,253 6.88%
    Not provided 33 $5,565,000 $168,636 $1,994 6.83%
    Asian 6 $1,060,000 $176,667 $2,146 6.38%
    American Indian 2 $430,000 $215,000 $1,713 5.75%
    Asian Indian 1 $325,000 $325,000 $3,024 6.25%

    Approval Rates

    Total approvals of all applications
    77.16%

    Safe Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.65%

    Safe 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
    Exempt 72 $5,080,000 $70,556
    NA 607 $99,805,000 $164,423

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    679 $104,885,000 $154,470

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $9,070,000 $80,982 $992 7.31%
    40-60% 78 $10,910,000 $139,872 $2,074 6.64%
    60-80% 143 $31,285,000 $218,776 $3,293 6.42%
    80-100% 155 $40,735,000 $262,806 $3,564 6.38%
    Under 20% 100 $5,020,000 $50,200 $623 7.46%