Santa Cruz Community Credit Union Mortgage Rates, Fees & Info

Santa Cruz, CA

LEI: 549300OXF7S6SB3XEV13

Tax ID: 94-2407726

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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, Merced, 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.

    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.

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    Originations

    39

    Origination Dollar Volume (All Markets)

    $10,105,000

    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
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 37 $9,605,000 $259,595 $0 0.00%
    MERCED, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Santa Cruz Community Credit Union's top markets include Santa Cruz, Merced, and Salinas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $10,105,000 $259,103 $0 0.00%

    For 2023, Santa Cruz Community Credit Union's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $6,310,000 $262,917 $0 0.00%
    Cash Out Refi 14 $3,710,000 $265,000 $0 0.00%
    Refi 1 $85,000 $85,000 $0 0.00%

    For 2023, Santa Cruz Community Credit Union's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $10,105,000 $259,103 $0 0.00%

    For 2023, Santa Cruz Community Credit Union's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,480,000 $274,000 $0 0.00%
    $100,000 or less 8 $580,000 $72,500 $0 0.00%
    $100k-200k 5 $735,000 $147,000 $0 0.00%
    $400k-600k 5 $2,305,000 $461,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2023 saw Santa Cruz Community Credit Union place emphasis on $200k-400k loans with 20 originations, totaling $5,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $3,885,000 $298,846 $0 0.00%
    $75k-100k 12 $2,440,000 $203,333 $0 0.00%
    $50k-75k 5 $645,000 $129,000 $0 0.00%
    $150k-250k 4 $680,000 $170,000 $0 0.00%
    $250k+ 4 $2,380,000 $595,000 $0 0.00%
    $50k or less 1 $75,000 $75,000 $0 0.00%

    Santa Cruz Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $10,105,000 $259,103 $0 0.00%

    Santa Cruz Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $7,885,000 $271,897 $0 0.00%
    Not provided 9 $1,935,000 $215,000 $0 0.00%
    Asian 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.44%

    Santa Cruz Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    58.97%

    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 39 $10,105,000 $259,103

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $10,105,000 $259,103