Safe Credit Union Mortgage Rates, Fees & Info

Folsom, CA

LEI: 549300SGD2RNJOEDDS24

Tax ID: 94-1179501

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

    Safe Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Safe Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Sacramento, San Francisco, Stockton, San Jose, and Vallejo among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Safe Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Safe 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
    Home Equity Line of Credit (HELOC) 6.55% 12/3/24
    30 Year Conventional Purchase 6.80% 12/3/24
    30 Year Conventional Refi 6.44% 12/3/24
    30 Year Cash-out Refi 6.60% 12/3/24
    15 Year Conventional Purchase 5.58% 12/3/24
    15 Year Conventional Refi 12.56% 12/3/24
    15 Year Cash-out Refi 12.56% 12/3/24
    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.

    Safe Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Safe 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

    2,036

    Origination Dollar Volume (All Markets)

    $507,330,000
    Show all (6) 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) 1,553 $294,125,000 $189,392 $3,557 5.32%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 160 $100,880,000 $630,500 $6,093 4.64%
    STOCKTON, CA (FHA|USDA|VA) 159 $63,605,000 $400,031 $4,904 4.64%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $8,735,000 $582,333 $6,383 4.13%
    VALLEJO, CA (FHA|USDA|VA) 23 $8,135,000 $353,696 $4,423 5.33%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 19 $5,955,000 $313,421 $3,471 5.17%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $4,535,000 $412,273 $5,174 5.53%
    YUBA CITY, CA (FHA|USDA|VA) 25 $3,535,000 $141,400 $3,932 5.67%
    Outside of Metro Areas 16 $3,150,000 $196,875 $3,416 5.60%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 7 $2,255,000 $322,143 $3,583 4.93%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,055,000 $411,000 $5,599 4.80%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,865,000 $621,667 $6,765 4.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $8,183 4.13%
    CHICO, CA (FHA|USDA|VA) 9 $1,495,000 $166,111 $3,957 4.94%
    MODESTO, CA (FHA|USDA|VA) 7 $1,285,000 $183,571 $4,809 5.33%
    REDDING, CA (FHA|USDA|VA) 6 $1,090,000 $181,667 $3,513 4.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $860,000 $430,000 $3,709 4.94%
    Clearlake, CA (FHA|USDA|VA) 2 $630,000 $315,000 $4,130 4.25%
    NAPA, CA (FHA|USDA|VA) 2 $370,000 $185,000 $2,597 5.17%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $340,000 $170,000 $2,670 4.31%
    Red Bluff, CA (FHA|USDA|VA) 2 $310,000 $155,000 $2,818 5.00%
    SALINAS, CA (FHA|USDA|VA) 3 $225,000 $75,000 $0 5.37%
    Susanville, CA (FHA|USDA|VA) 2 $140,000 $70,000 $3,791 4.93%
    Sonora, CA (FHA|USDA|VA) 2 $70,000 $35,000 $700 7.29%
    Safe Credit Union's top markets include Sacramento, San Francisco, Stockton, San Jose, and Vallejo among others.

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

    • Similar Lenders

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

    SANTA CLARA COUNTY
    Similarity Rank: 20
    American Interbanc Mortgage
    Similarity Rank: 112
    Sierra Central Credit Union
    Similarity Rank: 192
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 240
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 544
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 810
    Constant Investments, Inc.
    Similarity Rank: 822
    EXCITE Credit Union
    Similarity Rank: 990
    KEYPOINT
    Similarity Rank: 1035
    SACRAMENTO Credit Union
    Similarity Rank: 1092

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,429 $457,595,000 $320,220 $3,904 4.88%
    HELOC 578 $39,770,000 $68,806 n/a 5.92%
    FHA 20 $6,710,000 $335,500 $10,387 4.46%
    VA 9 $3,255,000 $361,667 $10,637 4.86%

    For 2018, Safe Credit Union's most frequently originated type of loan was Conventional, with 1,429 originations. Their 2nd most popular type was HELOC, with 578 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 729 $111,895,000 $153,491 $3,236 5.53%
    Home Purchase 688 $310,850,000 $451,817 $4,779 4.51%
    Home Improvement 317 $22,295,000 $70,331 $1,924 5.74%
    Cash Out Refi 302 $62,290,000 $206,258 $3,311 5.21%

    For 2018, Safe Credit Union's most frequently cited loan purpose was Refi, with 729 originations. The 2nd most popular reason was Home Purchase, with 688 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,563 $457,055,000 $292,422 $4,273 5.12%
    15 Year 270 $27,550,000 $102,037 $2,699 5.33%
    20 Year 127 $12,745,000 $100,354 $2,914 5.86%
    10 Year 49 $3,035,000 $61,939 $2,100 5.56%
    Other 26 $6,930,000 $266,538 $2,806 5.18%
    5 Year 1 $15,000 $15,000 $0 6.24%

    For 2018, Safe Credit Union's most frequently cited loan duration was 30 Year, with 1,563 originations. The 2nd most popular length was 15 Year, with 270 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 583 $219,995,000 $377,350
    $1k-2k 307 $106,855,000 $348,062
    $2k-3k 113 $50,945,000 $450,841
    $5k+ 54 $32,400,000 $600,000
    $3k-4k 43 $18,835,000 $438,023
    $4k-5k 35 $16,415,000 $469,000

    Safe Credit Union's average total fees were $4,273, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 583 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 636 $70,820,000 $111,352
    4-5% 610 $188,310,000 $308,705
    6-7% 227 $13,575,000 $59,802
    3-4% 195 $109,075,000 $559,359
    7-8% 50 $2,790,000 $55,800
    Over 8% 25 $1,515,000 $60,600
    2.5-3% 3 $2,655,000 $885,000

    During 2018, Safe Credit Union's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 5-6%, with 636 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 807 $39,075,000 $48,420 $1,369 5.89%
    $200k-400k 438 $123,500,000 $281,963 $3,619 4.76%
    $400k-600k 306 $151,380,000 $494,706 $4,814 4.30%
    $100k-200k 301 $42,175,000 $140,116 $2,996 5.15%
    $600k-1MM 148 $108,960,000 $736,216 $5,539 4.09%
    $1MM+ 36 $42,240,000 $1,173,333 $6,419 4.01%

    2018 saw Safe Credit Union place emphasis on $100,000 or less loans with 807 originations, totaling $39,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 587 $138,675,000 $236,244 $4,013 5.25%
    $150k-250k 478 $161,510,000 $337,887 $4,683 5.20%
    $50k-75k 337 $46,065,000 $136,691 $3,528 5.32%
    $75k-100k 330 $58,460,000 $177,152 $3,697 5.27%
    $250k+ 152 $81,410,000 $535,592 $5,175 4.82%
    $50k or less 148 $17,320,000 $117,027 $2,941 5.08%

    Safe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 587 originations. The second most popular income band? $150k-250k, with 478 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 390 $75,250,000 $192,949 $3,894 5.22%
    30-36% 371 $79,515,000 $214,326 $3,675 5.19%
    <20% 123 $14,935,000 $121,423 $3,605 5.17%
    42% 114 $24,830,000 $217,807 $4,254 5.37%
    40% 90 $21,720,000 $241,333 $4,172 5.22%
    39% 79 $19,725,000 $249,684 $4,346 5.25%
    38% 77 $20,585,000 $267,338 $3,616 5.03%
    41% 69 $18,435,000 $267,174 $3,874 5.27%
    36% 67 $15,015,000 $224,104 $3,783 5.33%
    37% 65 $20,015,000 $307,923 $4,023 4.99%
    47% 58 $9,150,000 $157,759 $4,605 5.85%
    43% 50 $14,040,000 $280,800 $3,937 5.17%
    45% 43 $9,335,000 $217,093 $4,265 5.34%
    46% 43 $12,445,000 $289,419 $3,879 4.98%
    44% 42 $10,810,000 $257,381 $3,881 5.30%
    49% 39 $9,685,000 $248,333 $4,143 4.69%
    48% 26 $6,480,000 $249,231 $4,199 4.83%
    50-60% 8 $1,710,000 $213,750 $9,283 5.04%
    >60% 4 $940,000 $235,000 $10,386 5.20%

    Safe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 390 originations. The next most common DTI ratio? 30-36%, with 371 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,298 $281,400,000 $216,795 $3,933 5.27%
    Asian 259 $106,755,000 $412,181 $4,870 4.83%
    Not provided 339 $79,985,000 $235,944 $3,885 5.28%
    Black 74 $13,770,000 $186,081 $3,204 5.34%
    Asian Indian 18 $8,220,000 $456,667 $5,294 4.99%
    American Indian 17 $5,655,000 $332,647 $5,011 4.96%
    Native Hawaiian or Islander 21 $4,705,000 $224,048 $4,104 5.16%
    Not applicable 4 $3,890,000 $972,500 $0 4.95%
    Chinese 1 $905,000 $905,000 $5,010 3.88%
    Other Pacific Islander 2 $770,000 $385,000 $3,816 5.06%
    Other Asian 1 $735,000 $735,000 $3,821 0.00%
    Filipino 2 $540,000 $270,000 $4,334 6.06%

    Approval Rates

    Total approvals of all applications
    84.76%

    Safe Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.58%

    Safe Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 5 $335,000 $67,000
    NA 2,031 $506,995,000 $249,628

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $4,265,000 $853,000
    Single Family (1-4 Units):Manufactured 12 $2,830,000 $235,833
    Single Family (1-4 Units):Site-Built 2,019 $500,235,000 $247,764

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 203 $25,455,000 $125,394 $2,848 5.26%
    40-60% 158 $41,310,000 $261,456 $3,361 4.73%
    60-80% 470 $195,010,000 $414,915 $3,899 4.59%
    80-100% 411 $204,045,000 $496,460 $4,957 4.37%
    Over 100% 2 $750,000 $375,000 $17,827 4.88%
    Under 20% 792 $40,760,000 $51,465 $913 5.91%