San Diego County Credit Union Mortgage Rates, Fees & Info
San Diego, CALEI: 549300E51HYVR7T2SU19
Tax ID: 95-1184903
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
San Diego County Credit Union is a small credit union specializing in Refi and Cash Out Refi loans. San Diego County Credit Union has a high proportion of conventional loans. Their top markets include San Diego, Riverside, Los Angeles, San Jose, and San Francisco among others. San Diego County Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. San Diego County Credit Union is typically an average fee lendor.Originations
4,537Origination Dollar Volume (All Markets)
$1,685,125,000Awards
SAN DIEGO COUNTY CREDIT UNION - 2021
SAN DIEGO COUNTY CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
San Diego County Credit Union's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
San Diego County Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,829.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3,776 | $1,364,150,000 | $361,269 | $4,308 | 3.07% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 482 | $138,650,000 | $287,656 | $3,886 | 3.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 202 | $127,100,000 | $629,208 | $6,328 | 2.89% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 17 | $18,145,000 | $1,067,353 | $9,100 | 2.53% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 24 | $18,040,000 | $751,667 | $4,809 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $4,605,000 | $657,857 | $3,472 | 2.98% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $4,405,000 | $881,000 | $7,556 | 2.85% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $4,250,000 | $708,333 | $7,796 | 3.04% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $6,750 | 3.50% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $7,312 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $6,856 | 2.88% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $2,576 | 2.69% |
| EL CENTRO, CA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $1,328 | 3.85% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,842 | 3.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,644 | 2.88% |
San Diego County Credit Union's top markets include San Diego, Riverside, Los Angeles, San Jose, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,537 | $1,685,125,000 | $371,418 | $4,388 | 3.06% |
For the 2021 period, San Diego County Credit Union's most frequently originated loan type of loans were Conventional, with 4,537 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,723 | $691,075,000 | $401,088 | $3,880 | 2.75% |
| Cash Out Refi | 1,702 | $754,350,000 | $443,214 | $5,008 | 2.72% |
| Home Improvement | 703 | $78,945,000 | $112,297 | $992 | 4.41% |
| Home Purchase | 250 | $137,980,000 | $551,920 | $6,331 | 2.95% |
| Other | 159 | $22,775,000 | $143,239 | $1,393 | 4.26% |
For the 2021, San Diego County Credit Union's most frequently cited loan purpose of loans were Refi, with 1,723 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,702 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,428 | $1,352,080,000 | $394,422 | $4,829 | 3.16% |
| 15 Year | 767 | $232,455,000 | $303,070 | $3,433 | 2.65% |
| 20 Year | 180 | $64,540,000 | $358,556 | $4,165 | 2.83% |
| 10 Year | 162 | $36,050,000 | $222,531 | $1,865 | 3.12% |
For the 2021, San Diego County Credit Union's most frequently cited loan length of loans were 30 Year, with 3,428 originations. The 2nd most popular length of loans were 15 Year, with 767 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,027 | $811,105,000 | $400,150 |
| $1k-2k | 542 | $158,650,000 | $292,712 |
| $5k+ | 503 | $300,835,000 | $598,082 |
| $2k-3k | 301 | $135,125,000 | $448,920 |
| $3k-4k | 268 | $131,550,000 | $490,858 |
$4,829 of loans were San Diego County Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,027 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,276 | $1,047,580,000 | $460,272 |
| <2.5% | 1,173 | $449,485,000 | $383,193 |
| 4-5% | 745 | $85,495,000 | $114,758 |
| 3-4% | 222 | $94,850,000 | $427,252 |
| 5-6% | 121 | $7,715,000 | $63,760 |
During 2021, San Diego County Credit Union's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,276 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,588 | $459,560,000 | $289,395 | $3,702 | 2.85% |
| $100k-200k | 880 | $124,520,000 | $141,500 | $2,695 | 3.28% |
| $400k-600k | 796 | $383,680,000 | $482,010 | $5,268 | 2.76% |
| $100,000 or less | 540 | $31,990,000 | $59,241 | $1,214 | 4.26% |
| $600k-1MM | 540 | $420,880,000 | $779,407 | $6,496 | 2.70% |
| $1MM+ | 193 | $264,495,000 | $1,370,440 | $8,561 | 2.67% |
2021 saw San Diego County Credit Union place emphasis on $200k-400k loans with 1,588 originations, totaling $459,560,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1,196 | $509,500,000 | $426,003 | $4,881 | 3.13% |
| $100k-150k | 1,177 | $363,415,000 | $308,764 | $4,220 | 3.17% |
| $75k-100k | 674 | $177,080,000 | $262,730 | $3,815 | 3.00% |
| $50k-75k | 598 | $129,220,000 | $216,087 | $3,416 | 2.92% |
| $250k+ | 590 | $436,530,000 | $739,881 | $6,285 | 3.00% |
| $50k or less | 262 | $45,200,000 | $172,519 | $3,008 | 2.84% |
San Diego County Credit Union lent most frequently to those with incomes in the $150k-250k range, with 1,196 originations. The second most popular income band? $100k-150k, with 1,177 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,180 | $448,200,000 | $379,831 | $4,384 | 2.96% |
| 30-36% | 914 | $346,100,000 | $378,665 | $4,468 | 3.09% |
| <20% | 503 | $155,545,000 | $309,235 | $3,708 | 2.73% |
| 42% | 195 | $72,905,000 | $373,872 | $4,645 | 3.21% |
| 44% | 189 | $81,095,000 | $429,074 | $4,528 | 3.05% |
| 39% | 173 | $64,805,000 | $374,595 | $4,187 | 3.06% |
| 40% | 165 | $68,215,000 | $413,424 | $4,378 | 3.13% |
| 41% | 162 | $64,090,000 | $395,617 | $5,439 | 3.12% |
| 36% | 157 | $61,225,000 | $389,968 | $4,409 | 3.17% |
| 37% | 147 | $60,245,000 | $409,830 | $4,650 | 3.02% |
| 43% | 138 | $61,730,000 | $447,319 | $5,271 | 3.04% |
| 38% | 123 | $54,405,000 | $442,317 | $4,439 | 3.03% |
| 45% | 116 | $36,610,000 | $315,603 | $4,582 | 3.26% |
| 47% | 110 | $26,180,000 | $238,000 | $4,010 | 3.56% |
| 46% | 88 | $26,710,000 | $303,523 | $3,846 | 3.39% |
| 49% | 87 | $19,635,000 | $225,690 | $3,337 | 3.67% |
| 48% | 78 | $21,120,000 | $270,769 | $5,523 | 3.43% |
| 50-60% | 6 | $1,700,000 | $283,333 | $3,577 | 3.29% |
San Diego County Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,180 originations. The next most common DTI ratio? 30-36%, with 914 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,979 | $1,041,085,000 | $349,475 | $4,303 | 3.08% |
| Not provided | 744 | $320,290,000 | $430,497 | $4,795 | 2.98% |
| Asian | 581 | $229,995,000 | $395,861 | $4,274 | 2.98% |
| Black | 111 | $35,105,000 | $316,261 | $4,625 | 3.14% |
| Not applicable | 6 | $14,610,000 | $2,435,000 | $0 | 3.44% |
| American Indian | 46 | $14,060,000 | $305,652 | $3,716 | 3.15% |
| Native Hawaiian | 28 | $9,140,000 | $326,429 | $3,615 | 3.43% |
| Asian Indian | 17 | $8,355,000 | $491,471 | $5,294 | 3.10% |
| Other Asian | 3 | $4,975,000 | $1,658,333 | $8,314 | 2.79% |
| Filipino | 11 | $4,175,000 | $379,545 | $4,024 | 3.22% |
| Chinese | 5 | $1,715,000 | $343,000 | $6,544 | 2.90% |
| Korean | 3 | $895,000 | $298,333 | $2,748 | 3.38% |
| Guamanian | 1 | $315,000 | $315,000 | $3,767 | 2.88% |
| Vietnamese | 1 | $255,000 | $255,000 | $0 | 4.25% |
| Japanese | 1 | $155,000 | $155,000 | $0 | 4.25% |
Approval Rates
Total approvals of all applications80.29%
San Diego County Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination62.44%
San Diego County 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 |
|---|---|---|---|
| NA | 4,537 | $1,685,125,000 | $371,418 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,537 | $1,685,125,000 | $371,418 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,134 | $328,990,000 | $290,115 | $3,567 | 2.76% |
| 40-60% | 1,232 | $581,050,000 | $471,631 | $4,308 | 2.73% |
| 60-80% | 933 | $571,845,000 | $612,910 | $6,439 | 2.79% |
| 80-100% | 104 | $73,330,000 | $705,096 | $6,089 | 2.83% |
| Under 20% | 1,134 | $129,910,000 | $114,559 | $1,979 | 3.96% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SANDY SPRING BANCORP, INC. | FHA mortgage | Closing on a mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Other type of mortgage | Closing on a mortgage | 1 | 20.0% |
