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 Yuba City among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Safe 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. 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.55% 12/9/24
    30 Year Conventional Purchase 6.80% 12/9/24
    30 Year Conventional Refi 6.44% 12/9/24
    30 Year Cash-out Refi 6.60% 12/9/24
    15 Year Conventional Purchase 5.58% 12/9/24
    15 Year Conventional Refi 12.56% 12/9/24
    15 Year Cash-out Refi 12.56% 12/9/24
    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

    2,260

    Origination Dollar Volume (All Markets)

    $849,320,000

    Awards

    SAFE CREDIT UNION 30 Year Conventional Loans silver SAFE CREDIT UNION 30 Year Conventional Loans bronze
    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) 1,745 $554,255,000 $317,625 $3,592 5.45%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 233 $161,445,000 $692,897 $5,572 15.76%
    STOCKTON, CA (FHA|USDA|VA) 135 $63,945,000 $473,667 $4,006 3.23%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 25 $21,095,000 $843,800 $4,074 3.21%
    YUBA CITY, CA (FHA|USDA|VA) 25 $7,985,000 $319,400 $3,496 3.72%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 20 $7,910,000 $395,500 $4,518 3.54%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $5,695,000 $632,778 $8,518 3.29%
    VALLEJO, CA (FHA|USDA|VA) 10 $5,650,000 $565,000 $3,840 3.31%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $4,185,000 $597,857 $6,030 3.40%
    Outside of Metro Areas 13 $2,825,000 $217,308 $3,312 3.67%
    FRESNO, CA (FHA|USDA|VA) 6 $2,620,000 $436,667 $2,746 3.94%
    SALINAS, CA (FHA|USDA|VA) 2 $1,970,000 $985,000 $5,312 3.13%
    MODESTO, CA (FHA|USDA|VA) 7 $1,835,000 $262,143 $3,747 3.34%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,645,000 $329,000 $2,933 3.29%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,410,000 $705,000 $3,980 3.31%
    CHICO, CA (FHA|USDA|VA) 4 $1,160,000 $290,000 $2,812 3.39%
    NAPA, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $6,478 4.65%
    MADERA, CA (FHA|USDA|VA) 2 $620,000 $310,000 $3,770 3.56%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $550,000 $275,000 $8,486 3.81%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $495,000 $495,000 $2,734 3.50%
    Clearlake, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,483 3.25%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $300,000 $150,000 $2,568 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $2,959 4.50%
    Safe Credit Union's top markets include Sacramento, San Francisco, Stockton, San Jose, 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: 330
    BNB FINANCIAL INC.
    Similarity Rank: 1184
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1456
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 1904
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 1972
    SACRAMENTO Credit Union
    Similarity Rank: 2256
    CommonWealth Central Credit Union
    Similarity Rank: 2916
    BEST FINANCE CAPITAL, INC.
    Similarity Rank: 3094
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 3094
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 3312

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,947 $823,915,000 $423,172 $3,843 6.49%
    HELOC 308 $23,360,000 $75,844 n/a 4.82%
    FHA 4 $1,720,000 $430,000 $18,026 4.38%
    VA 1 $325,000 $325,000 $16,043 3.50%

    For 2020, Safe Credit Union's most frequently originated type of loan was Conventional, with 1,947 originations. Their 2nd most popular type was HELOC, with 308 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,058 $389,490,000 $368,138 $3,504 9.12%
    Home Purchase 627 $347,515,000 $554,250 $4,844 3.25%
    Cash Out Refi 448 $97,010,000 $216,540 $3,438 4.17%
    Home Improvement 127 $15,305,000 $120,512 $2,273 4.61%

    For 2020, Safe Credit Union's most frequently cited loan purpose was Refi, with 1,058 originations. The 2nd most popular reason was Home Purchase, with 627 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,831 $720,435,000 $393,465 $4,130 6.89%
    15 Year 256 $74,150,000 $289,648 $3,052 3.41%
    20 Year 113 $30,475,000 $269,690 $2,761 3.75%
    10 Year 55 $17,865,000 $324,818 $2,208 3.67%
    5 Year 3 $4,105,000 $1,368,333 $0 3.11%
    1 Year 1 $315,000 $315,000 $0 4.06%
    Other 1 $1,975,000 $1,975,000 $0 2.85%

    For 2020, Safe Credit Union's most frequently cited loan duration was 30 Year, with 1,831 originations. The 2nd most popular length was 15 Year, with 256 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 794 $356,070,000 $448,451
    $1k-2k 648 $234,240,000 $361,481
    $2k-3k 199 $80,405,000 $404,045
    $3k-4k 116 $49,830,000 $429,569
    $5k+ 94 $48,980,000 $521,064
    $4k-5k 53 $24,035,000 $453,491

    Safe Credit Union's average total fees were $4,130, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 794 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,266 $497,670,000 $393,104
    2.5-3% 576 $287,240,000 $498,681
    4-5% 187 $32,505,000 $173,824
    5-6% 122 $9,390,000 $76,967
    6-7% 61 $3,515,000 $57,623
    <2.5% 37 $16,785,000 $453,649
    7-8% 6 $400,000 $66,667
    Over 8% 5 $1,815,000 $363,000

    During 2020, Safe Credit Union's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 3-4%, with 1,266 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 796 $234,440,000 $294,523 $3,608 7.28%
    $400k-600k 451 $223,245,000 $495,000 $4,373 3.43%
    $100k-200k 336 $50,360,000 $149,881 $2,826 3.69%
    $100,000 or less 307 $15,865,000 $51,678 $783 4.97%
    $600k-1MM 291 $217,755,000 $748,299 $4,910 13.04%
    $1MM+ 79 $107,655,000 $1,362,722 $6,269 3.02%

    2020 saw Safe Credit Union place emphasis on $200k-400k loans with 796 originations, totaling $234,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 598 $195,990,000 $327,742 $3,806 3.57%
    $150k-250k 592 $273,710,000 $462,348 $4,151 8.35%
    $75k-100k 353 $87,485,000 $247,833 $3,545 12.58%
    $50k-75k 280 $57,640,000 $205,857 $3,430 3.61%
    $250k+ 274 $188,500,000 $687,956 $4,908 3.67%
    $50k or less 143 $21,335,000 $149,196 $2,720 3.75%

    Safe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 598 originations. The second most popular income band? $150k-250k, with 592 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 599 $207,005,000 $345,584 $3,768 8.89%
    30-36% 466 $189,680,000 $407,039 $4,002 3.51%
    <20% 246 $67,120,000 $272,846 $3,549 3.50%
    42% 98 $51,630,000 $526,837 $4,316 32.77%
    37% 90 $35,240,000 $391,556 $3,777 3.61%
    38% 89 $31,975,000 $359,270 $3,997 3.71%
    40% 88 $37,400,000 $425,000 $4,021 3.72%
    36% 84 $32,920,000 $391,905 $3,604 3.69%
    39% 82 $34,890,000 $425,488 $3,844 3.56%
    41% 80 $36,470,000 $455,875 $4,115 3.57%
    44% 70 $20,630,000 $294,714 $4,187 3.87%
    43% 70 $23,330,000 $333,286 $3,779 3.69%
    47% 50 $13,240,000 $264,800 $3,883 3.80%
    45% 36 $9,520,000 $264,444 $3,941 3.50%
    49% 32 $9,940,000 $310,625 $3,699 3.42%
    48% 27 $8,725,000 $323,148 $4,056 3.39%
    46% 25 $7,905,000 $316,200 $3,653 3.80%
    50-60% 3 $605,000 $201,667 $24,050 5.90%

    Safe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 599 originations. The next most common DTI ratio? 30-36%, with 466 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,274 $451,640,000 $354,505 $3,866 6.11%
    Not provided 644 $208,950,000 $324,457 $3,674 3.61%
    Asian 233 $130,345,000 $559,421 $4,348 15.62%
    Not applicable 17 $22,755,000 $1,338,529 $0 3.04%
    Black 47 $15,435,000 $328,404 $4,587 3.88%
    Asian Indian 17 $11,145,000 $655,588 $4,227 3.11%
    Native Hawaiian or Islander 9 $2,595,000 $288,333 $3,635 3.59%
    American Indian 8 $2,010,000 $251,250 $4,625 4.03%
    Other Asian 4 $1,970,000 $492,500 $3,399 3.56%
    Chinese 3 $1,545,000 $515,000 $4,030 2.75%
    Japanese 2 $650,000 $325,000 $5,632 3.55%
    Other Pacific Islander 1 $235,000 $235,000 $4,634 2.50%
    Filipino 1 $45,000 $45,000 $0 4.59%

    Approval Rates

    Total approvals of all applications
    91.20%

    Safe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.04%

    Safe 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
    NA 2,260 $849,320,000 $375,805

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 25 $31,095,000 $1,243,800
    Single Family (1-4 Units):Manufactured 5 $835,000 $167,000
    Single Family (1-4 Units):Site-Built 2,230 $817,390,000 $366,543

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 220 $45,830,000 $208,318 $2,942 3.73%
    40-60% 445 $145,735,000 $327,494 $3,424 10.22%
    60-80% 816 $394,250,000 $483,150 $4,113 6.98%
    80-100% 458 $242,510,000 $529,498 $4,584 3.25%
    Over 100% 1 $1,965,000 $1,965,000 $0 3.46%
    Under 20% 320 $19,030,000 $59,469 $853 4.93%