San Diego County Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300E51HYVR7T2SU19

Tax ID: 95-1184903

4.9 stars - out of 5 stars, based on 67 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

4,537

Origination Dollar Volume (All Markets)

$1,685,125,000
Show all (5) awards

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 applications
80.29%

San Diego County Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
62.44%

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%