Santa Cruz Community Credit Union Mortgage Rates, Fees & Info
Santa Cruz, CALEI: 549300OXF7S6SB3XEV13
Tax ID: 94-2407726
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Santa Cruz Community Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Santa Cruz Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Santa Cruz, Oxnard, and Salinas among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Santa Cruz Community Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
24Origination Dollar Volume (All Markets)
$5,690,000Top 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 |
|---|---|---|---|---|---|
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 21 | $4,905,000 | $233,571 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $5,690,000 | $237,083 | $0 | 0.00% |
For 2024, Santa Cruz Community Credit Union's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $3,835,000 | $255,667 | $0 | 0.00% |
| Cash Out Refi | 9 | $1,855,000 | $206,111 | $0 | 0.00% |
For 2024, Santa Cruz Community Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $5,690,000 | $237,083 | $0 | 0.00% |
For 2024, Santa Cruz Community Credit Union's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2024 saw Santa Cruz Community Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $5,065,000 in origination value.
Applicant Income
Santa Cruz Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $5,690,000 | $237,083 | $0 | 0.00% |
Santa Cruz Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $5,210,000 | $236,818 | $0 | 0.00% |
| Asian | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Not provided | 1 | $225,000 | $225,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.03%
Santa Cruz Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination8.33%
Santa Cruz Community 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 | 24 | $5,690,000 | $237,083 |