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, Salinas, and Los Angeles 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

    52

    Origination Dollar Volume (All Markets)

    $15,660,000

    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) 46 $13,720,000 $298,261 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 5 $1,455,000 $291,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    Santa Cruz Community Credit Union's top markets include Santa Cruz, Salinas, and Los Angeles among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $15,660,000 $301,154 $0 0.00%

    For 2018, Santa Cruz Community Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $7,840,000 $261,333 $0 0.00%
    Cash Out Refi 14 $4,790,000 $342,143 $0 0.00%
    Refi 7 $2,775,000 $396,429 $0 0.00%
    Home Improvement 1 $255,000 $255,000 $0 0.00%

    For 2018, Santa Cruz Community Credit Union's most frequently cited loan purpose was Home Purchase, with 30 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 52 $15,660,000 $301,154 $0 0.00%

    For 2018, Santa Cruz Community Credit Union's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $4,670,000 $259,444 $0 0.00%
    $100k-200k 13 $1,955,000 $150,385 $0 0.00%
    $400k-600k 9 $4,365,000 $485,000 $0 0.00%
    $100,000 or less 7 $485,000 $69,286 $0 0.00%
    $600k-1MM 4 $2,910,000 $727,500 $0 0.00%
    $1MM+ 1 $1,275,000 $1,275,000 $0 0.00%

    2018 saw Santa Cruz Community Credit Union place emphasis on $200k-400k loans with 18 originations, totaling $4,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $2,510,000 $179,286 $0 0.00%
    $75k-100k 12 $4,800,000 $400,000 $0 0.00%
    $100k-150k 11 $3,295,000 $299,545 $0 0.00%
    $50k or less 7 $1,495,000 $213,571 $0 0.00%
    $150k-250k 5 $1,945,000 $389,000 $0 0.00%
    $250k+ 3 $1,615,000 $538,333 $0 0.00%

    Santa Cruz Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 14 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% 52 $15,660,000 $301,154 $0 0.00%

    Santa Cruz Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $15,455,000 $303,039 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.25%

    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
    59.62%

    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 52 $15,660,000 $301,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 34 $6,200,000 $182,353
    Single Family (1-4 Units):Site-Built 18 $9,460,000 $525,556