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, Vallejo, and Yuba City among others. We have data for 25 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 relatively high 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

    1,984

    Origination Dollar Volume (All Markets)

    $612,050,000

    Awards

    SAFE CREDIT UNION 30 Year Conventional Loans silver SAFE CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) 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) 1,523 $395,255,000 $259,524 $3,502 12.53%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 195 $115,435,000 $591,974 $5,129 1,863.24%
    STOCKTON, CA (FHA|USDA|VA) 157 $64,315,000 $409,650 $9,748 4.06%
    VALLEJO, CA (FHA|USDA|VA) 16 $5,330,000 $333,125 $4,467 4.71%
    YUBA CITY, CA (FHA|USDA|VA) 17 $4,335,000 $255,000 $3,355 4.29%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $4,220,000 $703,333 $4,885 3.90%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $4,175,000 $596,429 $3,753 3.71%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,915,000 $583,000 $5,417 3.92%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 9 $2,565,000 $285,000 $3,423 4.69%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $2,535,000 $845,000 $7,175 3.50%
    MODESTO, CA (FHA|USDA|VA) 7 $2,065,000 $295,000 $3,540 4.37%
    Outside of Metro Areas 9 $1,825,000 $202,778 $3,074 4.57%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,760,000 $293,333 $4,217 4.02%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $4,288 3.81%
    CHICO, CA (FHA|USDA|VA) 5 $925,000 $185,000 $3,628 5.34%
    Clearlake, CA (FHA|USDA|VA) 4 $880,000 $220,000 $4,242 5.33%
    MERCED, CA (FHA|USDA|VA) 2 $750,000 $375,000 $2,991 4.41%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $690,000 $345,000 $8,842 4.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $290,000 $145,000 $2,647 4.92%
    REDDING, CA (FHA|USDA|VA) 2 $250,000 $125,000 $4,469 5.36%
    FRESNO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,904 4.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,562 4.63%
    Susanville, CA (FHA|USDA|VA) 1 $105,000 $105,000 $3,288 3.25%
    MADERA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.49%
    Crescent City, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.84%
    Safe Credit Union's top markets include Sacramento, San Francisco, Stockton, Vallejo, and Yuba City 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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 707
    EXCITE Credit Union
    Similarity Rank: 817
    CommonWealth Central Credit Union
    Similarity Rank: 840
    Ukrainian Federal Credit Union
    Similarity Rank: 864
    SACRAMENTO Credit Union
    Similarity Rank: 1020
    Schools Financial Credit Union
    Similarity Rank: 1080
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228
    SANTA CLARA COUNTY
    Similarity Rank: 1275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,621 $580,555,000 $358,146 $4,250 235.14%
    HELOC 354 $28,210,000 $79,689 n/a 6.56%
    FHA 5 $1,735,000 $347,000 $12,732 4.28%
    VA 4 $1,550,000 $387,500 $10,351 4.53%

    For 2019, Safe Credit Union's most frequently originated type of loan was Conventional, with 1,621 originations. Their 2nd most popular type was HELOC, with 354 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 790 $226,180,000 $286,304 $3,276 13.97%
    Home Purchase 578 $254,990,000 $441,159 $4,586 11.80%
    Cash Out Refi 438 $109,100,000 $249,087 $3,398 832.47%
    Home Improvement 178 $21,780,000 $122,360 $15,759 5.89%

    For 2019, Safe Credit Union's most frequently cited loan purpose was Refi, with 790 originations. The 2nd most popular reason was Home Purchase, with 578 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,562 $535,450,000 $342,798 $3,996 244.23%
    15 Year 233 $47,415,000 $203,498 $2,983 4.39%
    20 Year 132 $23,930,000 $181,288 $12,770 5.45%
    10 Year 51 $3,615,000 $70,882 $1,945 5.24%
    5 Year 4 $100,000 $25,000 $0 5.69%
    3 Year 2 $1,540,000 $770,000 $0 4.65%

    For 2019, Safe Credit Union's most frequently cited loan duration was 30 Year, with 1,562 originations. The 2nd most popular length was 15 Year, with 233 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 707 $277,755,000 $392,864
    $1k-2k 488 $180,130,000 $369,119
    $2k-3k 137 $51,715,000 $377,482
    $3k-4k 57 $21,045,000 $369,211
    $5k+ 55 $32,315,000 $587,545
    $4k-5k 27 $9,205,000 $340,926

    Safe Credit Union's average total fees were $3,996, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 707 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 851 $363,985,000 $427,714
    4-5% 457 $153,455,000 $335,788
    6-7% 288 $21,910,000 $76,076
    5-6% 228 $29,130,000 $127,763
    7-8% 76 $5,230,000 $68,816
    2.5-3% 64 $35,130,000 $548,906
    Over 8% 17 $2,055,000 $120,882
    <2.5% 3 $1,155,000 $385,000

    During 2019, Safe Credit Union's average interest rate for loans was 244.23%, while their most frequently originated rate bucket for loans was 3-4%, with 851 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 641 $188,755,000 $294,470 $3,568 22.62%
    $100,000 or less 470 $24,100,000 $51,277 $12,042 6.28%
    $400k-600k 350 $170,700,000 $487,714 $4,183 1,039.52%
    $100k-200k 294 $42,630,000 $145,000 $3,004 4.81%
    $600k-1MM 193 $142,445,000 $738,057 $5,099 3.65%
    $1MM+ 36 $43,420,000 $1,206,111 $5,943 3.61%

    2019 saw Safe Credit Union place emphasis on $200k-400k loans with 641 originations, totaling $188,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 583 $175,605,000 $301,209 $3,739 19.59%
    $150k-250k 492 $196,260,000 $398,902 $6,061 4.53%
    $75k-100k 302 $67,250,000 $222,682 $3,768 1,215.37%
    $50k-75k 300 $55,340,000 $184,467 $3,244 4.68%
    $250k+ 174 $97,960,000 $562,989 $4,799 4.46%
    $50k or less 128 $16,060,000 $125,469 $3,079 4.98%

    Safe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 583 originations. The second most popular income band? $150k-250k, with 492 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 477 $143,175,000 $300,157 $3,495 29.36%
    30-36% 394 $130,610,000 $331,497 $3,893 4.45%
    <20% 144 $29,730,000 $206,458 $3,417 4.65%
    42% 115 $43,775,000 $380,652 $4,367 4.55%
    39% 96 $31,210,000 $325,104 $3,778 5.05%
    41% 89 $30,105,000 $338,258 $3,499 4.82%
    38% 81 $27,335,000 $337,469 $14,648 4.57%
    40% 77 $28,245,000 $366,818 $4,513 4.64%
    36% 74 $22,840,000 $308,649 $3,932 4.67%
    37% 73 $19,785,000 $271,027 $4,101 4.71%
    43% 66 $22,030,000 $333,788 $3,811 5,496.94%
    44% 64 $18,220,000 $284,688 $3,825 4.80%
    47% 55 $13,005,000 $236,455 $3,636 5.32%
    45% 42 $12,610,000 $300,238 $4,558 4.73%
    46% 41 $9,675,000 $235,976 $3,491 5.20%
    49% 37 $11,025,000 $297,973 $3,710 4.26%
    48% 30 $9,710,000 $323,667 $4,340 4.25%
    50-60% 13 $2,095,000 $161,154 $3,757 6.24%
    >60% 11 $3,285,000 $298,636 $3,368 5.00%

    Safe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 477 originations. The next most common DTI ratio? 30-36%, with 394 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,152 $329,950,000 $286,415 $4,608 329.73%
    Not provided 492 $145,500,000 $295,732 $3,680 4.50%
    Asian 252 $112,070,000 $444,722 $4,358 4.19%
    Black 44 $10,690,000 $242,955 $4,236 4.82%
    Asian Indian 15 $6,865,000 $457,667 $5,203 4.59%
    Native Hawaiian or Islander 13 $2,755,000 $211,923 $3,244 4.45%
    Not applicable 4 $2,180,000 $545,000 $0 5.19%
    American Indian 8 $1,460,000 $182,500 $2,809 4.96%
    Other Asian 1 $415,000 $415,000 $3,281 3.63%
    Japanese 1 $105,000 $105,000 $0 5.99%
    Filipino 2 $60,000 $30,000 $0 5.97%

    Approval Rates

    Total approvals of all applications
    84.43%

    Safe Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.24%

    Safe Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $45,000 $45,000
    NA 1,983 $612,005,000 $308,626

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,585,000 $717,000
    Single Family (1-4 Units):Manufactured 2 $240,000 $120,000
    Single Family (1-4 Units):Site-Built 1,977 $608,225,000 $307,650

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 208 $28,500,000 $137,019 $2,906 5.06%
    40-60% 235 $64,155,000 $273,000 $3,178 1,559.77%
    60-80% 657 $291,545,000 $443,752 $3,989 17.28%
    80-100% 431 $202,565,000 $469,988 $4,344 3.93%
    Under 20% 453 $25,285,000 $55,817 $16,977 6.37%