San Francisco Fire Credit Union Mortgage Rates, Fees & Info

SAN FRANCISCO, CA

LEI: 549300CLB0CCSJV6S044

Tax ID: 94-1209440

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

San Francisco Fire Credit Union is a smaller credit union specializing in Cash Out Refi loans. San Francisco Fire Credit Union has a high proportion of conventional loans. Their top markets include San Francisco, Santa Rosa, Sacramento, Vallejo, and San Jose among others. San Francisco Fire Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

1,146

Origination Dollar Volume (All Markets)

$405,220,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 862 $321,400,000 $372,854 $0 3.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 81 $26,425,000 $326,235 $0 3.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 51 $13,465,000 $264,020 $0 3.43%
VALLEJO, CA (FHA|USDA|VA) 22 $6,790,000 $308,636 $0 3.34%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 19 $6,665,000 $350,789 $0 3.49%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 12 $5,060,000 $421,667 $0 3.38%
NAPA, CA (FHA|USDA|VA) 7 $3,655,000 $522,143 $0 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 16 $3,440,000 $215,000 $0 3.50%
STOCKTON, CA (FHA|USDA|VA) 14 $3,290,000 $235,000 $0 3.48%
SALINAS, CA (FHA|USDA|VA) 6 $2,980,000 $496,667 $0 4.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $1,840,000 $184,000 $0 3.24%
Truckee-Grass Valley, CA (FHA|USDA|VA) 11 $1,785,000 $162,273 $0 3.65%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $1,745,000 $249,286 $0 3.16%
Outside of Metro Areas 5 $905,000 $181,000 $0 3.58%
Sonora, CA (FHA|USDA|VA) 2 $830,000 $415,000 $0 3.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $695,000 $231,667 $0 3.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $660,000 $330,000 $0 3.75%
YUBA CITY, CA (FHA|USDA|VA) 2 $620,000 $310,000 $0 3.25%
REDDING, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Crescent City, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 4 $370,000 $92,500 $0 4.13%
Ukiah, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
MERCED, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Red Bluff, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
VISALIA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Clearlake, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.25%

San Francisco Fire Credit Union's top markets include San Francisco, Santa Rosa, Sacramento, Vallejo, and San Jose among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,146 $405,220,000 $353,595 $0 3.40%

For the 2021 period, San Francisco Fire Credit Union's most frequently originated loan type of loans were Conventional, with 1,146 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 906 $263,640,000 $290,993 $0 3.40%
Refi 152 $73,330,000 $482,434 $0 0.00%
Home Purchase 79 $63,875,000 $808,544 $0 3.81%
Other 6 $2,750,000 $458,333 $0 0.00%
Home Improvement 3 $1,625,000 $541,667 $0 3.25%

For the 2021, San Francisco Fire Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 906 originations. The 2nd most popular reason of loans were Refi, with 152 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 1,146 $405,220,000 $353,595 $0 3.40%

For the 2021, San Francisco Fire Credit Union's most frequently cited loan length of loans were Other, with 1,146 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 496 $94,080,000 $189,677
4-5% 106 $15,210,000 $143,491
2.5-3% 104 $15,540,000 $149,423

During 2021, San Francisco Fire Credit Union's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 496 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 431 $111,105,000 $257,784 $0 3.34%
$100k-200k 238 $33,230,000 $139,622 $0 3.40%
$100,000 or less 162 $10,270,000 $63,395 $0 3.48%
$400k-600k 131 $64,105,000 $489,351 $0 3.72%
$600k-1MM 101 $80,035,000 $792,426 $0 0.00%
$1MM+ 83 $106,475,000 $1,282,831 $0 0.00%

2021 saw San Francisco Fire Credit Union place emphasis on $200k-400k loans with 431 originations, totaling $111,105,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 425 $154,265,000 $362,976 $0 3.40%
$250k+ 340 $155,740,000 $458,059 $0 3.45%
$100k-150k 236 $60,230,000 $255,212 $0 3.33%
$75k-100k 85 $18,505,000 $217,706 $0 3.34%
$50k-75k 38 $7,040,000 $185,263 $0 3.36%
$50k or less 17 $3,755,000 $220,882 $0 3.50%

San Francisco Fire Credit Union lent most frequently to those with incomes in the $150k-250k range, with 425 originations. The second most popular income band? $250k+, with 340 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 440 $280,390,000 $637,250 $0 0.00%
30-36% 107 $18,265,000 $170,701 $0 3.34%
20-30% 106 $18,230,000 $171,981 $0 3.44%
49% 61 $10,285,000 $168,607 $0 3.48%
44% 38 $6,790,000 $178,684 $0 3.33%
46% 37 $6,685,000 $180,676 $0 3.43%
50-60% 35 $6,045,000 $172,714 $0 3.33%
48% 33 $5,985,000 $181,364 $0 3.35%
42% 31 $5,555,000 $179,194 $0 3.39%
47% 30 $4,950,000 $165,000 $0 3.43%
43% 29 $5,895,000 $203,276 $0 3.38%
45% 27 $5,625,000 $208,333 $0 3.43%
41% 27 $4,835,000 $179,074 $0 3.32%
39% 26 $4,890,000 $188,077 $0 3.53%
36% 25 $4,025,000 $161,000 $0 3.50%
38% 24 $3,920,000 $163,333 $0 3.25%
40% 22 $4,400,000 $200,000 $0 3.48%
37% 22 $3,620,000 $164,545 $0 3.35%
<20% 19 $3,685,000 $193,947 $0 3.43%
>60% 5 $755,000 $151,000 $0 3.35%

San Francisco Fire Credit Union lent most frequently to those with DTI ratios of Exempt%, with 440 originations. The next most common DTI ratio? 30-36%, with 107 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 683 $228,735,000 $334,898 $0 3.40%
Not provided 253 $91,965,000 $363,498 $0 3.36%
Asian 88 $38,830,000 $441,250 $0 3.43%
Black 35 $9,635,000 $275,286 $0 3.47%
Not applicable 6 $9,230,000 $1,538,333 $0 0.00%
American Indian 15 $7,485,000 $499,000 $0 3.39%
Chinese 16 $5,390,000 $336,875 $0 3.34%
Asian Indian 18 $5,080,000 $282,222 $0 3.55%
Filipino 7 $3,075,000 $439,286 $0 3.40%
Other Asian 9 $2,515,000 $279,444 $0 3.54%
Japanese 3 $835,000 $278,333 $0 3.00%
Vietnamese 5 $705,000 $141,000 $0 3.58%
Native Hawaiian 3 $625,000 $208,333 $0 3.13%
Korean 3 $475,000 $158,333 $0 3.50%
Guamanian 1 $435,000 $435,000 $0 0.00%
Samoan 1 $205,000 $205,000 $0 3.00%

Approval Rates

Total approvals of all applications
90.24%

San Francisco Fire Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
71.38%

San Francisco Fire Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 440 $280,390,000 $637,250
NA 706 $124,830,000 $176,813

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,146 $405,220,000 $353,595

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 106 $26,030,000 $245,566 $0 3.45%
40-60% 6 $1,750,000 $291,667 $0 3.40%
60-80% 1 $255,000 $255,000 $0 3.25%
Under 20% 593 $96,795,000 $163,229 $0 3.39%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
SEMPER HOME LOANS, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
SEMPER HOME LOANS, INC Conventional home mortgage Closing on a mortgage 2 66.7%