Safe Federal Credit Union Mortgage Rates, Fees & Info

Sumter, SC

LEI: 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, Charleston, and Greenville 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.

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.

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Originations

587

Origination Dollar Volume (All Markets)

$91,175,000

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) 259 $41,615,000 $160,676 $0 0.00%
SUMTER, SC (FHA|USDA|VA) 229 $33,255,000 $145,218 $0 0.00%
FLORENCE, SC (FHA|USDA|VA) 43 $7,085,000 $164,767 $0 0.00%
Outside of Metro Areas 23 $2,405,000 $104,565 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,600,000 $266,667 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,475,000 $295,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,115,000 $223,000 $0 0.00%
SPARTANBURG, SC (FHA|USDA|VA) 4 $630,000 $157,500 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $525,000 $175,000 $0 0.00%
Orangeburg, SC (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
Newberry, SC (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
Seneca, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Gaffney, SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Safe Federal Credit Union's top markets include Columbia, Sumter, Florence, Charleston, and Greenville 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.

    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 85
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    Similarity Rank: 793
    SHARONVIEW FEDERAL CREDIT UNION
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    First Community Bank
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    American Security Mortgage Corp.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 587 $91,175,000 $155,324 $0 0.00%

    For 2021, Safe Federal Credit Union's most frequently originated type of loan was Conventional, with 587 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 215 $30,595,000 $142,302 $0 0.00%
    Home Purchase 162 $32,490,000 $200,556 $0 0.00%
    Refi 105 $13,395,000 $127,571 $0 0.00%
    Home Improvement 103 $14,095,000 $136,845 $0 0.00%
    Other 2 $600,000 $300,000 $0 0.00%

    For 2021, Safe Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 215 originations. The 2nd most popular reason was Home Purchase, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 587 $91,175,000 $155,324 $0 0.00%

    For 2021, Safe Federal Credit Union's most frequently cited loan duration was Other, with 587 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 269 $38,845,000 $144,405 $0 0.00%
    $100,000 or less 180 $12,750,000 $70,833 $0 0.00%
    $200k-400k 123 $32,635,000 $265,325 $0 0.00%
    $400k-600k 15 $6,945,000 $463,000 $0 0.00%

    2021 saw Safe Federal Credit Union place emphasis on $100k-200k loans with 269 originations, totaling $38,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 161 $20,815,000 $129,286 $0 0.00%
    $50k or less 146 $15,470,000 $105,959 $0 0.00%
    $100k-150k 118 $24,850,000 $210,593 $0 0.00%
    $75k-100k 117 $20,705,000 $176,966 $0 0.00%
    $150k-250k 34 $7,450,000 $219,118 $0 0.00%
    $250k+ 3 $775,000 $258,333 $0 0.00%

    Safe Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 161 originations. The second most popular income band? $50k or less, with 146 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 587 $91,175,000 $155,324 $0 0.00%

    Safe Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 587 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $62,595,000 $153,044 $0 0.00%
    Black 136 $20,570,000 $151,250 $0 0.00%
    Not provided 30 $5,840,000 $194,667 $0 0.00%
    Not applicable 3 $895,000 $298,333 $0 0.00%
    Asian 5 $765,000 $153,000 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%
    Other Asian 1 $135,000 $135,000 $0 0.00%
    Filipino 1 $115,000 $115,000 $0 0.00%
    Samoan 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.03%

    Safe Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.65%

    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 587 $91,175,000 $155,324

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    587 $91,175,000 $155,324