Safe 1 Credit Union Mortgage Rates, Fees & Info

Bakersfield, CA

LEI: 549300YHKDUKPJGRPK46

Tax ID: 95-1812302

5 stars - Updated: 5/25/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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 1 Credit Union is a smaller credit union specializing in Other loans. Safe 1 Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Visalia, Fresno, and Hanford among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Safe 1 Credit Union has an average approval rate when compared to the average across all lenders. Safe 1 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
    30 Year Conventional Purchase 6.72% 5/25/25
    30 Year Conventional Refi 6.72% 5/25/25
    30 Year Cash-out Refi 6.72% 5/25/25
    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 1 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 1 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

    318

    Origination Dollar Volume (All Markets)

    $23,970,000

    Awards

    SAFE 1 CREDIT UNION 30 Year Conventional Loans gold SAFE 1 CREDIT UNION 30 Year Conventional Loans gold SAFE 1 CREDIT UNION 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Safe 1 Credit Union's average 30 year fixed mortgage rate was 6.5%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Safe 1 Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,441.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    BAKERSFIELD, CA (FHA|USDA|VA) 253 $19,975,000 $78,953 $2,155 8.15%
    VISALIA, CA (FHA|USDA|VA) 62 $3,860,000 $62,258 $2,216 8.27%
    FRESNO, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 8.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.75%
    Safe 1 Credit Union's top markets include Bakersfield, Visalia, Fresno, and Hanford among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SAFE 1 CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SAFE 1 CREDIT UNION
    Similarity Rank: 36
    STRATA Credit Union
    Similarity Rank: 36
    Educational Employees Credit Union
    Similarity Rank: 80
    AltaOne Federal Credit Union
    Similarity Rank: 135
    CAMPOS FINANCIAL CORP.
    Similarity Rank: 264
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 288
    CLM MORTGAGE, INC
    Similarity Rank: 406
    INSPIRE HOME LOANS INC.
    Similarity Rank: 510
    COASTAL FUNDING SLC, INC.
    Similarity Rank: 660
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 722

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 318 $23,970,000 $75,377 $2,158 8.18%

    For 2024, Safe 1 Credit Union's most frequently originated type of loan was Conventional, with 318 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 295 $19,215,000 $65,136 $949 8.30%
    Cash Out Refi 17 $3,355,000 $197,353 $2,128 6.51%
    Home Purchase 4 $1,210,000 $302,500 $3,159 6.44%
    Refi 2 $190,000 $95,000 $2,216 7.38%

    For 2024, Safe 1 Credit Union's most frequently cited loan purpose was Other, with 295 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 254 $17,390,000 $68,465 $1,388 8.31%
    10 Year 19 $1,235,000 $65,000 $2,147 8.30%
    Other 19 $1,025,000 $53,947 $0 7.67%
    30 Year 13 $2,995,000 $230,385 $2,441 6.50%
    15 Year 12 $1,300,000 $108,333 $2,220 7.85%
    5 Year 1 $25,000 $25,000 $0 7.75%

    For 2024, Safe 1 Credit Union's most frequently cited loan duration was 20 Year, with 254 originations. The 2nd most popular length was 10 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $4,420,000 $221,000

    Safe 1 Credit Union's average total fees were $2,441, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 227 $14,725,000 $64,868
    7-8% 71 $4,825,000 $67,958
    6-7% 16 $3,370,000 $210,625
    5-6% 4 $1,050,000 $262,500

    During 2024, Safe 1 Credit Union's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was Over 8%, with 227 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 256 $14,010,000 $54,727 $1,720 8.28%
    $100k-200k 50 $6,300,000 $126,000 $1,684 8.08%
    $200k-400k 10 $2,780,000 $278,000 $2,501 6.40%
    $400k-600k 2 $880,000 $440,000 $2,938 6.13%

    2024 saw Safe 1 Credit Union place emphasis on $100,000 or less loans with 256 originations, totaling $14,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 107 $9,125,000 $85,280 $2,367 8.21%
    $75k-100k 71 $4,645,000 $65,423 $1,759 8.23%
    $50k-75k 64 $3,980,000 $62,188 $2,169 8.14%
    $150k-250k 43 $4,075,000 $94,767 $2,441 8.17%
    $50k or less 22 $930,000 $42,273 $1,950 8.13%
    $250k+ 11 $1,215,000 $110,455 $2,077 7.77%

    Safe 1 Credit Union lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $75k-100k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $3,595,000 $87,683 $2,279 7.85%
    30-36% 40 $2,870,000 $71,750 $2,312 8.16%
    50-60% 25 $1,805,000 $72,200 $1,138 8.10%
    45% 21 $1,785,000 $85,000 $0 8.29%
    46% 20 $1,320,000 $66,000 $2,216 8.19%
    44% 18 $1,170,000 $65,000 $0 8.47%
    40% 18 $1,630,000 $90,556 $2,341 8.40%
    43% 16 $1,000,000 $62,500 $0 8.55%
    48% 14 $1,010,000 $72,143 $2,717 8.20%
    <20% 14 $800,000 $57,143 $2,341 7.86%
    47% 13 $885,000 $68,077 $0 8.27%
    39% 13 $1,095,000 $84,231 $1,446 8.12%
    49% 13 $1,285,000 $98,846 $2,406 7.85%
    42% 12 $750,000 $62,500 $2,316 8.27%
    41% 10 $570,000 $57,000 $0 8.48%
    37% 10 $950,000 $95,000 $1,976 8.03%
    38% 9 $785,000 $87,222 $0 8.31%
    36% 8 $510,000 $63,750 $0 8.38%
    >60% 3 $155,000 $51,667 $0 8.42%

    Safe 1 Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 210 $15,500,000 $73,810 $2,120 8.20%
    Not provided 69 $4,795,000 $69,493 $1,617 8.17%
    Asian 19 $1,885,000 $99,211 $2,631 8.00%
    Black 13 $1,255,000 $96,538 $2,888 8.08%
    American Indian 6 $460,000 $76,667 $2,441 8.08%
    Other Asian 1 $75,000 $75,000 $0 7.75%

    Approval Rates

    Total approvals of all applications
    85.03%

    Safe 1 Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 318 $23,970,000 $75,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    318 $23,970,000 $75,377

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $8,500,000 $103,659 $2,002 8.10%
    40-60% 6 $1,210,000 $201,667 $2,583 7.46%
    60-80% 7 $2,085,000 $297,857 $2,567 6.43%
    80-100% 2 $710,000 $355,000 $2,888 6.50%
    Under 20% 221 $11,465,000 $51,878 $1,340 8.29%