Heritage Community Credit Union Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300P7QM2ETZZY0323

Tax ID: 94-1289802

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Heritage Community Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Heritage Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Francisco, Salinas, and Stockton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heritage 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. Heritage Community 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 about average 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
    30 Year Conventional Purchase 6.87% 12/23/24
    30 Year Conventional Refi 6.49% 12/23/24
    30 Year Cash-out Refi 6.29% 12/23/24
    15 Year Conventional Refi 5.87% 12/23/24
    15 Year Cash-out Refi 5.87% 12/23/24
    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.

    Heritage Community Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Heritage Community 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

    149

    Origination Dollar Volume (All Markets)

    $35,975,000

    Awards

    HERITAGE COMMUNITY CREDIT UNION 30 Year Conventional Loans silver HERITAGE COMMUNITY CREDIT UNION 30 Year Conventional Loans silver HERITAGE COMMUNITY CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) awards

    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
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 143 $34,345,000 $240,175 $2,662 3.18%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $2,700 2.58%
    Outside of Metro Areas 1 $165,000 $165,000 $3,161 3.00%
    SALINAS, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,487 2.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $55,000 $55,000 $1,862 2.50%
    Heritage Community Credit Union's top markets include Sacramento, San Francisco, Salinas, and Stockton among others.

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

    • Similar Lenders

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

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    S&S Financial
    Similarity Rank: 1368
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1392
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 1904
    WINNPOINTE CORPORATION
    Similarity Rank: 1914
    SACRAMENTO Credit Union
    Similarity Rank: 2256
    WESTCOAST MORTGAGE GROUP AND REALTY COMPANY
    Similarity Rank: 2279
    Kwik Mortgage Corporation
    Similarity Rank: 2581
    Semper Home Loans, Inc.
    Similarity Rank: 2848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $34,485,000 $275,880 $2,659 2.99%
    HELOC 24 $1,490,000 $62,083 n/a 4.02%

    For 2020, Heritage Community Credit Union's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was HELOC, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $18,410,000 $270,735 $2,617 2.72%
    Cash Out Refi 46 $14,560,000 $316,522 $2,977 2.94%
    Home Improvement 23 $1,185,000 $51,522 $487 4.62%
    Other 7 $475,000 $67,857 $0 4.21%
    Home Purchase 5 $1,345,000 $269,000 $3,339 2.98%

    For 2020, Heritage Community Credit Union's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $20,775,000 $310,075 $2,773 2.97%
    15 Year 34 $8,450,000 $248,529 $2,674 2.83%
    Other 30 $2,910,000 $97,000 $2,301 3.94%
    10 Year 9 $1,205,000 $133,889 $2,031 3.10%
    20 Year 9 $2,635,000 $292,778 $2,624 3.32%

    For 2020, Heritage Community Credit Union's most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 111 $32,615,000 $293,829
    $<1k 9 $375,000 $41,667
    $2k-3k 4 $1,200,000 $300,000
    $3k-4k 1 $295,000 $295,000

    Heritage Community Credit Union's average total fees were $2,773, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 50 $16,330,000 $326,600
    3-4% 42 $8,220,000 $195,714
    <2.5% 39 $9,695,000 $248,590
    4-5% 9 $1,305,000 $145,000
    5-6% 6 $290,000 $48,333
    6-7% 3 $135,000 $45,000

    During 2020, Heritage Community Credit Union's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 81 $24,295,000 $299,938 $2,863 2.79%
    $100,000 or less 30 $1,520,000 $50,667 $930 4.39%
    $100k-200k 24 $3,460,000 $144,167 $2,609 3.03%
    $400k-600k 14 $6,700,000 $478,571 $2,903 2.87%

    2020 saw Heritage Community Credit Union place emphasis on $200k-400k loans with 81 originations, totaling $24,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $9,785,000 $238,659 $2,529 3.15%
    $150k-250k 36 $9,180,000 $255,000 $2,636 3.25%
    $75k-100k 28 $6,210,000 $221,786 $2,766 3.29%
    $50k-75k 21 $4,225,000 $201,190 $2,585 3.11%
    $250k+ 8 $2,330,000 $291,250 $2,688 3.06%
    $50k or less 6 $950,000 $158,333 $2,687 3.08%

    Heritage Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $12,245,000 $249,898 $2,667 3.01%
    <20% 29 $6,165,000 $212,586 $2,700 2.85%
    30-36% 18 $5,000,000 $277,778 $2,730 3.07%
    40% 7 $1,365,000 $195,000 $2,626 4.03%
    41% 6 $1,700,000 $283,333 $2,803 3.08%
    43% 5 $925,000 $185,000 $2,989 3.70%
    42% 4 $820,000 $205,000 $2,082 3.56%
    36% 4 $1,270,000 $317,500 $2,508 2.94%
    38% 4 $970,000 $242,500 $2,553 3.81%
    39% 4 $1,040,000 $260,000 $1,755 4.75%
    48% 4 $1,340,000 $335,000 $3,016 3.22%
    47% 3 $645,000 $215,000 $3,385 3.08%
    44% 3 $655,000 $218,333 $2,566 2.71%
    37% 3 $625,000 $208,333 $2,381 3.71%
    45% 2 $360,000 $180,000 $3,454 3.13%
    46% 2 $330,000 $165,000 $3,024 3.44%
    49% 1 $205,000 $205,000 $2,812 3.00%
    50-60% 1 $315,000 $315,000 $2,762 2.25%

    Heritage Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? <20%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $26,930,000 $244,818 $2,682 3.16%
    Asian 14 $3,620,000 $258,571 $2,870 2.96%
    Not provided 14 $3,430,000 $245,000 $2,513 3.29%
    Black 9 $1,515,000 $168,333 $2,159 3.49%
    Native Hawaiian or Islander 1 $335,000 $335,000 $2,487 2.00%
    Other Pacific Islander 1 $145,000 $145,000 $2,774 2.63%

    Approval Rates

    Total approvals of all applications
    93.72%

    Heritage Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.21%

    Heritage Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 149 $35,975,000 $241,443

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 149 $35,975,000 $241,443

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,740,000 $187,000 $2,613 2.82%
    40-60% 42 $11,360,000 $270,476 $2,873 2.64%
    60-80% 48 $16,460,000 $342,917 $2,808 2.93%
    80-100% 7 $2,615,000 $373,571 $3,163 3.18%
    Under 20% 32 $1,800,000 $56,250 $775 4.38%