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 Home Purchase loans. Safe Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, Stockton, San Francisco, San Jose, and Truckee among others. We have data for 22 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 an average 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

    1,900

    Origination Dollar Volume (All Markets)

    $764,370,000
    Show all (5) 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) 1,336 $401,150,000 $300,262 $4,702 4.69%
    STOCKTON, CA (FHA|USDA|VA) 265 $175,195,000 $661,113 $6,314 4.04%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 167 $124,725,000 $746,856 $7,258 4.30%
    Outside of Metro Areas 24 $11,890,000 $495,417 $7,053 4.04%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $11,695,000 $779,667 $6,689 4.03%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 16 $10,020,000 $626,250 $5,474 4.30%
    VALLEJO, CA (FHA|USDA|VA) 17 $7,875,000 $463,235 $6,852 4.22%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $5,620,000 $702,500 $7,087 5.19%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $3,755,000 $751,000 $7,327 4.89%
    YUBA CITY, CA (FHA|USDA|VA) 18 $3,680,000 $204,444 $3,749 4.87%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $2,515,000 $503,000 $5,773 4.44%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,645,000 $548,333 $5,520 4.96%
    NAPA, CA (FHA|USDA|VA) 3 $835,000 $278,333 $5,175 4.31%
    FRESNO, CA (FHA|USDA|VA) 1 $725,000 $725,000 $8,035 3.13%
    REDDING, CA (FHA|USDA|VA) 2 $660,000 $330,000 $5,108 4.50%
    CHICO, CA (FHA|USDA|VA) 5 $635,000 $127,000 $3,380 4.90%
    MODESTO, CA (FHA|USDA|VA) 3 $625,000 $208,333 $3,653 5.50%
    Crescent City, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,992 6.00%
    Sonora, CA (FHA|USDA|VA) 2 $370,000 $185,000 $3,649 5.61%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $200,000 $100,000 $4,296 6.55%
    Clearlake, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,679 6.63%
    MERCED, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
    Safe Credit Union's top markets include Sacramento, Stockton, San Francisco, San Jose, 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.

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 119
    Sierra Central Credit Union
    Similarity Rank: 152
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 429
    Sterling Bank and Trust, FSB
    Similarity Rank: 535
    SANTA CLARA COUNTY
    Similarity Rank: 1121
    SACRAMENTO Credit Union
    Similarity Rank: 1218
    Valley First Credit Union
    Similarity Rank: 1296
    Ukrainian Federal Credit Union
    Similarity Rank: 1320
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 1702

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,196 $688,390,000 $575,577 $5,423 4.17%
    HELOC 704 $75,980,000 $107,926 n/a 5.20%

    For 2022, Safe Credit Union's most frequently originated type of loan was Conventional, with 1,196 originations. Their 2nd most popular type was HELOC, with 704 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 906 $593,690,000 $655,287 $6,000 4.07%
    Home Improvement 466 $44,800,000 $96,137 $1,450 5.36%
    Cash Out Refi 246 $75,870,000 $308,415 $4,047 4.26%
    Other 211 $22,615,000 $107,180 $2,661 5.43%
    Refi 71 $27,395,000 $385,845 $3,486 3.82%

    For 2022, Safe Credit Union's most frequently cited loan purpose was Home Purchase, with 906 originations. The 2nd most popular reason was Home Improvement, with 466 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,704 $720,150,000 $422,623 $5,633 4.50%
    15 Year 119 $30,155,000 $253,403 $3,817 4.65%
    20 Year 53 $5,575,000 $105,189 $1,851 5.77%
    10 Year 22 $8,390,000 $381,364 $2,319 4.70%
    Other 2 $100,000 $50,000 $0 5.99%

    For 2022, Safe Credit Union's most frequently cited loan duration was 30 Year, with 1,704 originations. The 2nd most popular length was 15 Year, with 119 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 351 $233,045,000 $663,946
    $1k-2k 323 $167,725,000 $519,272
    $2k-3k 179 $94,055,000 $525,447
    $3k-4k 107 $72,825,000 $680,607
    $5k+ 95 $71,635,000 $754,053
    $4k-5k 43 $27,555,000 $640,814

    Safe Credit Union's average total fees were $5,633, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 351 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 608 $296,830,000 $488,207
    4-5% 551 $254,055,000 $461,080
    5-6% 269 $65,845,000 $244,777
    6-7% 204 $22,040,000 $108,039
    2.5-3% 171 $113,445,000 $663,421
    7-8% 57 $6,045,000 $106,053
    Over 8% 29 $1,915,000 $66,034
    <2.5% 11 $4,195,000 $381,364

    During 2022, Safe Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 608 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 499 $28,485,000 $57,084 $1,368 5.50%
    $600k-1MM 476 $363,500,000 $763,655 $6,189 3.84%
    $100k-200k 311 $41,905,000 $134,743 $3,121 4.88%
    $200k-400k 303 $87,935,000 $290,215 $4,185 4.34%
    $400k-600k 214 $105,700,000 $493,925 $5,013 4.04%
    $1MM+ 97 $136,845,000 $1,410,773 $8,567 3.91%

    2022 saw Safe Credit Union place emphasis on $100,000 or less loans with 499 originations, totaling $28,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 646 $317,700,000 $491,796 $5,817 4.33%
    $100k-150k 436 $121,050,000 $277,638 $4,957 4.75%
    $250k+ 310 $225,680,000 $728,000 $6,860 4.27%
    $75k-100k 225 $40,785,000 $181,267 $3,985 4.90%
    $50k-75k 172 $25,150,000 $146,221 $3,724 4.96%
    $50k or less 71 $9,095,000 $128,099 $3,394 4.40%

    Safe Credit Union lent most frequently to those with incomes in the $150k-250k range, with 646 originations. The second most popular income band? $100k-150k, with 436 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 392 $165,850,000 $423,087 $5,631 4.41%
    20-30% 359 $126,805,000 $353,217 $5,040 4.47%
    42% 122 $60,060,000 $492,295 $6,399 4.58%
    41% 117 $52,425,000 $448,077 $5,837 4.73%
    <20% 104 $29,250,000 $281,250 $3,969 4.30%
    40% 93 $48,625,000 $522,849 $5,527 4.60%
    39% 89 $40,045,000 $449,944 $5,550 4.44%
    38% 85 $47,245,000 $555,824 $6,550 4.58%
    47% 82 $17,740,000 $216,341 $4,489 5.37%
    37% 82 $39,430,000 $480,854 $5,356 4.26%
    43% 80 $23,090,000 $288,625 $5,568 4.85%
    36% 68 $31,730,000 $466,618 $5,541 4.39%
    44% 60 $19,840,000 $330,667 $5,065 4.72%
    45% 50 $14,140,000 $282,800 $5,417 4.81%
    46% 42 $7,730,000 $184,048 $5,116 5.09%
    48% 32 $11,800,000 $368,750 $4,388 4.31%
    49% 28 $10,440,000 $372,857 $4,687 4.16%
    50-60% 7 $2,065,000 $295,000 $6,084 5.47%
    >60% 1 $505,000 $505,000 $0 4.59%

    Safe Credit Union lent most frequently to those with DTI ratios of 30-36%, with 392 originations. The next most common DTI ratio? 20-30%, with 359 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 419 $284,325,000 $678,580 $6,337 4.05%
    White 777 $240,495,000 $309,517 $4,868 4.72%
    Not provided 558 $163,810,000 $293,566 $4,796 4.73%
    Asian Indian 67 $48,215,000 $719,627 $6,667 4.05%
    Black 44 $12,360,000 $280,909 $4,746 4.79%
    American Indian 12 $4,750,000 $395,833 $5,334 4.81%
    Other Asian 8 $4,010,000 $501,250 $5,983 3.87%
    Filipino 3 $1,775,000 $591,667 $4,929 4.50%
    Native Hawaiian or Islander 6 $1,390,000 $231,667 $5,945 5.50%
    Chinese 1 $905,000 $905,000 $7,575 4.38%
    Not applicable 1 $865,000 $865,000 $0 5.50%
    Other Pacific Islander 3 $855,000 $285,000 $3,938 4.28%
    Korean 1 $615,000 $615,000 $5,018 3.13%

    Approval Rates

    Total approvals of all applications
    90.93%

    Safe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.63%

    Safe Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,900 $764,370,000 $402,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,900 $764,370,000 $402,300

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 213 $40,655,000 $190,869 $3,659 4.70%
    40-60% 166 $68,650,000 $413,554 $4,273 4.04%
    60-80% 404 $272,490,000 $674,480 $5,422 3.91%
    80-100% 447 $329,575,000 $737,304 $6,381 4.02%
    Under 20% 670 $53,000,000 $79,104 $1,698 5.37%