Safe Federal Credit Union Mortgage Rates, Fees & Info
Sumter, SCLEI: 549300BLQQL5GPC6OJ66
Tax ID: 57-0374874
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Originations
587Origination Dollar Volume (All Markets)
$91,175,000Top 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) | 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% |
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.
Similarity Rank: 85
Similarity Rank: 793
Similarity Rank: 836
Similarity Rank: 980
Similarity Rank: 1127
Similarity Rank: 1173
Similarity Rank: 1386
Similarity Rank: 1440
Similarity Rank: 2730
Similarity Rank: 3960
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
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
2021 saw Safe Federal Credit Union place emphasis on $100k-200k loans with 269 originations, totaling $38,845,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications72.03%
Safe Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination68.65%
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 |