San Diego County Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300E51HYVR7T2SU19

Tax ID: 95-1184903

3.7 stars - Updated: 12/16/24 - out of 5 stars, based on 30 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    San Diego County Credit Union is a smaller credit union specializing in Home Improvement loans. San Diego County Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, San Jose, and Merced among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    San Diego County Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. San Diego County Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.94% 12/16/24
    30 Year Conventional Purchase 5.93% 12/16/24
    30 Year Conventional Refi 5.91% 12/16/24
    30 Year Cash-out Refi 5.87% 12/16/24
    15 Year Conventional Purchase 5.79% 12/16/24
    15 Year Conventional Refi 5.66% 12/16/24
    15 Year Cash-out Refi 5.66% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    San Diego County Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from San Diego County Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    874

    Origination Dollar Volume (All Markets)

    $96,720,000

    Awards

    SAN DIEGO COUNTY CREDIT UNION 30 Year Conventional Loans gold SAN DIEGO COUNTY CREDIT UNION 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    San Diego County Credit Union's average 30 year fixed mortgage rate was 9.01%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 2.53%.

    Relative Fees (Closing Costs)

    San Diego County Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,689.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 747 $84,505,000 $113,126 $550 8.35%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 83 $6,725,000 $81,024 $733 8.14%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 35 $4,485,000 $128,143 $429 8.65%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $585,000 $195,000 $375 7.79%
    MERCED, CA (FHA|USDA|VA) 2 $170,000 $85,000 $1,761 6.94%
    EL CENTRO, CA (FHA|USDA|VA) 2 $130,000 $65,000 $0 8.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $85,000 $85,000 $750 8.13%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $35,000 $35,000 $750 7.63%
    San Diego County Credit Union's top markets include San Diego, Riverside, Los Angeles, San Jose, and Merced among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SAN DIEGO COUNTY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    LBS FINANCIAL
    Similarity Rank: 258
    Water and Power Community Credit Union
    Similarity Rank: 261
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    LA Financial Federal Credit Union
    Similarity Rank: 660

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 489 $43,495,000 $88,947 $573 7.64%
    HELOC 385 $53,225,000 $138,247 n/a 9.22%

    For 2023, San Diego County Credit Union's most frequently originated type of loan was Conventional, with 489 originations. Their 2nd most popular type was HELOC, with 385 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 575 $54,585,000 $94,930 $411 8.40%
    Other 145 $13,045,000 $89,966 $487 8.24%
    Refi 111 $18,605,000 $167,613 $429 8.64%
    Home Purchase 27 $7,115,000 $263,519 $2,563 7.44%
    Cash Out Refi 16 $3,370,000 $210,625 $2,613 6.53%

    For 2023, San Diego County Credit Union's most frequently cited loan purpose was Home Improvement, with 575 originations. The 2nd most popular reason was Other, with 145 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 419 $62,235,000 $148,532 $2,689 9.01%
    15 Year 281 $21,425,000 $76,246 $453 7.82%
    10 Year 173 $13,005,000 $75,173 $395 7.56%
    20 Year 1 $55,000 $55,000 $2,732 6.25%

    For 2023, San Diego County Credit Union's most frequently cited loan duration was 30 Year, with 419 originations. The 2nd most popular length was 15 Year, with 281 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 464 $36,760,000 $79,224
    $1k-2k 11 $1,695,000 $154,091
    $2k-3k 3 $635,000 $211,667

    San Diego County Credit Union's average total fees were $2,689, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 464 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 443 $57,375,000 $129,515
    7-8% 399 $32,475,000 $81,391
    6-7% 19 $3,365,000 $177,105
    5-6% 13 $3,505,000 $269,615

    During 2023, San Diego County Credit Union's average interest rate for loans was 9.01%, while their most frequently originated rate bucket for loans was Over 8%, with 443 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 506 $27,100,000 $53,557 $448 8.15%
    $100k-200k 240 $30,070,000 $125,292 $573 8.60%
    $200k-400k 105 $26,195,000 $249,476 $1,603 8.72%
    $400k-600k 19 $8,645,000 $455,000 $3,407 8.32%
    $600k-1MM 3 $2,315,000 $771,667 $3,429 6.25%
    $1MM+ 1 $2,395,000 $2,395,000 $0 7.13%

    2023 saw San Diego County Credit Union place emphasis on $100,000 or less loans with 506 originations, totaling $27,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 274 $34,600,000 $126,277 $549 8.39%
    $100k-150k 248 $20,840,000 $84,032 $499 8.31%
    $250k+ 135 $22,935,000 $169,889 $422 8.49%
    $75k-100k 126 $8,890,000 $70,556 $627 8.25%
    $50k-75k 62 $4,500,000 $72,581 $853 8.18%
    $50k or less 28 $2,560,000 $91,429 $1,541 8.22%

    San Diego County Credit Union lent most frequently to those with incomes in the $150k-250k range, with 274 originations. The second most popular income band? $100k-150k, with 248 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 174 $18,020,000 $103,563 $600 8.33%
    20-30% 146 $16,750,000 $114,726 $651 8.21%
    47% 89 $10,725,000 $120,506 $971 8.46%
    46% 71 $7,615,000 $107,254 $353 8.36%
    45% 51 $5,165,000 $101,275 $284 8.44%
    43% 49 $5,455,000 $111,327 $802 8.30%
    41% 42 $4,410,000 $105,000 $375 8.31%
    <20% 39 $3,205,000 $82,179 $489 8.11%
    39% 39 $4,455,000 $114,231 $548 8.13%
    40% 37 $3,715,000 $100,405 $552 8.34%
    44% 37 $4,505,000 $121,757 $513 8.51%
    37% 32 $2,090,000 $65,313 $529 8.38%
    38% 23 $2,945,000 $128,043 $493 8.54%
    42% 23 $2,665,000 $115,870 $409 8.58%
    36% 18 $1,890,000 $105,000 $321 8.54%
    48% 3 $715,000 $238,333 $0 8.92%

    San Diego County Credit Union lent most frequently to those with DTI ratios of 30-36%, with 174 originations. The next most common DTI ratio? 20-30%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 637 $68,535,000 $107,590 $621 8.35%
    Asian 98 $12,050,000 $122,959 $580 8.24%
    Not provided 92 $9,100,000 $98,913 $345 8.40%
    Not applicable 1 $2,395,000 $2,395,000 $0 7.13%
    American Indian 14 $1,500,000 $107,143 $417 8.34%
    Black 16 $1,220,000 $76,250 $288 8.23%
    Native Hawaiian or Islander 6 $1,000,000 $166,667 $2,194 8.63%
    Filipino 5 $515,000 $103,000 $0 8.45%
    Other Asian 3 $245,000 $81,667 $250 7.75%
    Chinese 1 $85,000 $85,000 $0 8.75%
    Asian Indian 1 $75,000 $75,000 $150 7.75%

    Approval Rates

    Total approvals of all applications
    64.64%

    San Diego County Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    71.62%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 874 $96,720,000 $110,664

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    874 $96,720,000 $110,664

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $17,345,000 $244,296 $2,432 8.65%
    40-60% 4 $1,910,000 $477,500 $6,544 8.59%
    60-80% 4 $1,510,000 $377,500 $2,432 6.38%
    80-100% 3 $2,315,000 $771,667 $3,429 6.25%
    Under 20% 792 $73,640,000 $92,980 $468 8.33%