Safe Federal Credit Union Mortgage Rates, Fees & Info
Sumter, SCLEI: 549300BLQQL5GPC6OJ66
Tax ID: 57-0374874
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Mortgage Data
Review & Overview
Safe Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Safe Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Sumter, Florence, Newberry, and Charlotte among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Safe Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
316Origination Dollar Volume (All Markets)
$37,390,000Top 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) | 140 | $18,000,000 | $128,571 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 131 | $14,025,000 | $107,061 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 16 | $1,970,000 | $123,125 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $1,560,000 | $86,667 | $0 | 0.00% |
| Newberry, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 316 | $37,390,000 | $118,323 | $0 | 0.00% |
For 2019, Safe Federal Credit Union's most frequently originated type of loan was Conventional, with 316 originations.
Loan Reason
For 2019, Safe Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 137 originations. The 2nd most popular reason was Home Purchase, with 88 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 316 | $37,390,000 | $118,323 | $0 | 0.00% |
For 2019, Safe Federal Credit Union's most frequently cited loan duration was Other, with 316 originations.
Loan Sizing
2019 saw Safe Federal Credit Union place emphasis on $100,000 or less loans with 154 originations, totaling $8,410,000 in origination value.
Applicant Income
Safe Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $50k or less, with 82 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 316 | $37,390,000 | $118,323 | $0 | 0.00% |
Safe Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 316 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.06%
Safe Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.10%
Safe Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 316 | $37,390,000 | $118,323 |