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

Jump to:

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 Cash Out Refi and Home Purchase loans. Santa Cruz Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Santa Cruz, San Francisco, 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    53

    Origination Dollar Volume (All Markets)

    $15,065,000

    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) 49 $13,565,000 $276,837 $0 5.21%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 4.00%
    SALINAS, CA (FHA|USDA|VA) 2 $410,000 $205,000 $0 5.19%
    Santa Cruz Community Credit Union's top markets include Santa Cruz, San Francisco, 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 53 $15,065,000 $284,245 $0 5.16%

    For 2019, Santa Cruz Community Credit Union's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 25 $7,095,000 $283,800 $0 4.92%
    Home Purchase 18 $4,990,000 $277,222 $0 5.55%
    Refi 10 $2,980,000 $298,000 $0 5.08%

    For 2019, Santa Cruz Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 25 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 26 $4,950,000 $190,385 $0 5.96%
    15 Year 25 $9,935,000 $397,400 $0 4.25%
    5 Year 1 $25,000 $25,000 $0 4.50%
    Other 1 $155,000 $155,000 $0 8.00%

    For 2019, Santa Cruz Community Credit Union's most frequently cited loan duration was 20 Year, with 26 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 24 $5,230,000 $217,917
    4-5% 14 $4,730,000 $337,857
    3-4% 10 $4,260,000 $426,000
    6-7% 4 $690,000 $172,500
    7-8% 1 $155,000 $155,000

    During 2019, Santa Cruz Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $4,895,000 $257,632 $0 5.44%
    $100k-200k 13 $1,935,000 $148,846 $0 5.74%
    $400k-600k 10 $4,600,000 $460,000 $0 4.34%
    $100,000 or less 6 $380,000 $63,333 $0 5.31%
    $600k-1MM 5 $3,255,000 $651,000 $0 4.08%

    2019 saw Santa Cruz Community Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $4,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 15 $4,035,000 $269,000 $0 5.04%
    $100k-150k 13 $4,895,000 $376,538 $0 4.80%
    $150k-250k 10 $3,320,000 $332,000 $0 5.36%
    $50k-75k 10 $1,650,000 $165,000 $0 5.74%
    $50k or less 5 $1,165,000 $233,000 $0 4.93%

    Santa Cruz Community Credit Union lent most frequently to those with incomes in the $75k-100k range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $2,410,000 $301,250 $0 5.39%
    30-36% 8 $1,430,000 $178,750 $0 5.38%
    38% 7 $2,425,000 $346,429 $0 5.23%
    <20% 4 $500,000 $125,000 $0 4.22%
    43% 4 $1,220,000 $305,000 $0 5.63%
    42% 4 $1,540,000 $385,000 $0 5.25%
    41% 3 $935,000 $311,667 $0 5.13%
    40% 3 $1,005,000 $335,000 $0 4.71%
    50-60% 2 $330,000 $165,000 $0 6.00%
    46% 2 $740,000 $370,000 $0 4.81%
    36% 1 $715,000 $715,000 $0 4.25%
    45% 1 $415,000 $415,000 $0 3.88%
    47% 1 $175,000 $175,000 $0 5.25%
    48% 1 $295,000 $295,000 $0 3.88%
    39% 1 $245,000 $245,000 $0 5.75%
    >60% 1 $415,000 $415,000 $0 4.13%
    37% 1 $115,000 $115,000 $0 4.29%

    Santa Cruz Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $14,780,000 $284,231 $0 5.15%
    Native Hawaiian or Islander 1 $285,000 $285,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    98.33%

    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
    88.68%

    Santa Cruz Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $15,065,000 $284,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 29 $5,845,000 $201,552
    Single Family (1-4 Units):Site-Built 24 $9,220,000 $384,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,410,000 $235,000 $0 5.23%
    40-60% 13 $3,955,000 $304,231 $0 4.90%
    60-80% 17 $5,105,000 $300,294 $0 5.48%
    80-100% 9 $3,785,000 $420,556 $0 5.04%
    Over 100% 1 $105,000 $105,000 $0 6.00%
    Under 20% 7 $705,000 $100,714 $0 4.86%