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. Their top markets by origination volume include: Sacramento, San Francisco, Stockton, Yuba City, and Truckee 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 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 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.

    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% 12/3/24
    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

    2,312

    Origination Dollar Volume (All Markets)

    $813,660,000

    Awards

    SAFE CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) 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) 1,908 $571,150,000 $299,345 $3,533 3.32%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 162 $127,110,000 $784,630 $6,508 3.29%
    STOCKTON, CA (FHA|USDA|VA) 110 $56,220,000 $511,091 $4,231 3.15%
    YUBA CITY, CA (FHA|USDA|VA) 34 $12,660,000 $372,353 $3,598 3.31%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 22 $11,930,000 $542,273 $3,894 3.10%
    VALLEJO, CA (FHA|USDA|VA) 14 $7,270,000 $519,286 $4,721 3.27%
    CHICO, CA (FHA|USDA|VA) 4 $5,470,000 $1,367,500 $3,279 3.03%
    Outside of Metro Areas 16 $3,620,000 $226,250 $3,730 3.26%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $3,280,000 $820,000 $4,559 3.19%
    MODESTO, CA (FHA|USDA|VA) 8 $2,120,000 $265,000 $3,108 3.39%
    Red Bluff, CA (FHA|USDA|VA) 2 $2,040,000 $1,020,000 $4,558 2.83%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,990,000 $331,667 $3,378 3.14%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,080,000 $540,000 $8,369 2.88%
    MADERA, CA (FHA|USDA|VA) 2 $1,010,000 $505,000 $5,093 3.23%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $985,000 $985,000 $8,509 3.75%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $965,000 $965,000 $6,281 3.75%
    REDDING, CA (FHA|USDA|VA) 3 $885,000 $295,000 $5,250 2.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $860,000 $430,000 $3,726 3.19%
    SALINAS, CA (FHA|USDA|VA) 1 $675,000 $675,000 $11,982 3.75%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $550,000 $275,000 $3,554 3.17%
    NAPA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $3,009 3.13%
    Sonora, CA (FHA|USDA|VA) 4 $440,000 $110,000 $2,137 4.22%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $365,000 $365,000 $5,273 3.13%
    MERCED, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,497 2.88%
    FRESNO, CA (FHA|USDA|VA) 1 $115,000 $115,000 $4,521 2.88%
    Safe Credit Union's top markets include Sacramento, San Francisco, Stockton, Yuba City, and Truckee 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.

    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 816
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    CommonWealth Central Credit Union
    Similarity Rank: 1428
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1440
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 2715
    Valley First Credit Union
    Similarity Rank: 2814
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 2895
    S&S Financial
    Similarity Rank: 3196
    SANTA CLARA COUNTY
    Similarity Rank: 3420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,904 $777,020,000 $408,099 $3,822 3.11%
    HELOC 408 $36,640,000 $89,804 n/a 4.26%

    For 2021, Safe Credit Union's most frequently originated type of loan was Conventional, with 1,904 originations. Their 2nd most popular type was HELOC, with 408 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,033 $320,865,000 $310,615 $3,346 3.09%
    Cash Out Refi 586 $121,660,000 $207,611 $3,360 3.84%
    Home Purchase 552 $347,240,000 $629,058 $5,017 2.97%
    Home Improvement 138 $23,640,000 $171,304 $3,401 3.96%
    Other 3 $255,000 $85,000 $0 4.34%

    For 2021, Safe Credit Union's most frequently cited loan purpose was Refi, with 1,033 originations. The 2nd most popular reason was Cash Out Refi, with 586 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,832 $672,210,000 $366,927 $4,093 3.39%
    15 Year 318 $103,520,000 $325,535 $2,941 2.86%
    20 Year 98 $21,610,000 $220,510 $3,045 3.37%
    10 Year 61 $15,045,000 $246,639 $2,570 2.95%
    Other 3 $1,275,000 $425,000 $525 4.64%

    For 2021, Safe Credit Union's most frequently cited loan duration was 30 Year, with 1,832 originations. The 2nd most popular length was 15 Year, with 318 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 732 $312,280,000 $426,612
    $1k-2k 619 $204,495,000 $330,363
    $2k-3k 241 $100,785,000 $418,195
    $3k-4k 103 $42,755,000 $415,097
    $5k+ 85 $48,955,000 $575,941
    $4k-5k 54 $22,530,000 $417,222

    Safe Credit Union's average total fees were $4,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 732 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,140 $376,720,000 $330,456
    2.5-3% 814 $377,390,000 $463,624
    <2.5% 164 $40,810,000 $248,841
    5-6% 96 $7,430,000 $77,396
    4-5% 74 $9,950,000 $134,459
    6-7% 15 $945,000 $63,000
    7-8% 8 $350,000 $43,750
    Over 8% 1 $65,000 $65,000

    During 2021, Safe Credit Union's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 1,140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 802 $231,400,000 $288,529 $3,486 3.11%
    $100k-200k 447 $66,695,000 $149,206 $2,812 3.27%
    $100,000 or less 352 $20,060,000 $56,989 $1,941 4.30%
    $400k-600k 350 $172,210,000 $492,029 $4,257 3.10%
    $600k-1MM 277 $206,325,000 $744,856 $5,231 3.04%
    $1MM+ 84 $116,970,000 $1,392,500 $6,482 3.02%

    2021 saw Safe Credit Union place emphasis on $200k-400k loans with 802 originations, totaling $231,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 582 $176,730,000 $303,660 $3,691 3.39%
    $150k-250k 554 $246,340,000 $444,657 $4,343 3.32%
    $75k-100k 383 $88,245,000 $230,405 $3,328 3.32%
    $50k-75k 369 $79,035,000 $214,187 $3,346 3.25%
    $250k+ 228 $153,370,000 $672,675 $5,229 3.27%
    $50k or less 163 $26,845,000 $164,693 $2,935 3.19%

    Safe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 582 originations. The second most popular income band? $150k-250k, with 554 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 583 $178,715,000 $306,544 $3,634 3.29%
    30-36% 450 $162,450,000 $361,000 $3,848 3.31%
    <20% 250 $61,890,000 $247,560 $3,459 3.12%
    41% 106 $40,220,000 $379,434 $3,657 3.33%
    42% 105 $56,205,000 $535,286 $4,580 3.25%
    40% 91 $36,705,000 $403,352 $4,397 3.50%
    39% 89 $37,785,000 $424,551 $4,058 3.27%
    38% 88 $37,180,000 $422,500 $4,193 3.34%
    36% 85 $31,865,000 $374,882 $4,090 3.35%
    37% 75 $29,485,000 $393,133 $4,032 3.34%
    44% 72 $19,930,000 $276,806 $3,587 3.47%
    43% 68 $17,210,000 $253,088 $3,376 3.37%
    47% 57 $14,165,000 $248,509 $4,005 3.68%
    45% 48 $12,460,000 $259,583 $3,651 3.44%
    46% 43 $11,465,000 $266,628 $3,577 3.39%
    48% 36 $11,590,000 $321,944 $4,151 3.21%
    49% 32 $11,090,000 $346,563 $3,978 3.26%
    50-60% 2 $650,000 $325,000 $3,437 3.30%
    >60% 1 $245,000 $245,000 $7,703 2.75%

    Safe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 583 originations. The next most common DTI ratio? 30-36%, with 450 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,172 $377,690,000 $322,261 $3,735 3.34%
    Not provided 808 $249,460,000 $308,738 $3,649 3.32%
    Asian 197 $105,065,000 $533,325 $4,694 3.17%
    Not applicable 27 $38,065,000 $1,409,815 $0 3.12%
    Black 60 $17,220,000 $287,000 $3,934 3.47%
    Asian Indian 17 $14,995,000 $882,059 $5,665 2.96%
    American Indian 13 $4,265,000 $328,077 $4,343 2.95%
    Native Hawaiian or Islander 8 $1,930,000 $241,250 $3,718 3.32%
    Other Asian 3 $1,695,000 $565,000 $4,521 2.92%
    Other Pacific Islander 1 $1,025,000 $1,025,000 $6,144 2.88%
    Guamanian 1 $595,000 $595,000 $4,275 3.38%
    Japanese 1 $585,000 $585,000 $7,120 2.88%
    Samoan 1 $485,000 $485,000 $2,719 3.00%
    Filipino 2 $350,000 $175,000 $2,389 3.48%
    Chinese 1 $235,000 $235,000 $3,451 3.13%

    Approval Rates

    Total approvals of all applications
    91.05%

    Safe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.07%

    Safe Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,312 $813,660,000 $351,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,312 $813,660,000 $351,929

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 308 $58,230,000 $189,058 $3,048 3.18%
    40-60% 537 $168,635,000 $314,032 $3,335 3.00%
    60-80% 711 $348,635,000 $490,345 $4,021 3.16%
    80-100% 349 $209,225,000 $599,499 $4,951 3.01%
    Under 20% 407 $28,935,000 $71,093 $1,582 4.32%