Sacramento Credit Union Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300Z66NI4HM439O26

Tax ID: 94-1530642

5 stars - Updated: 4/19/24 - out of 5 stars, based on 15 reviews

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

Jump to:

Mortgage Data

Review & Overview

Sacramento Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Sacramento Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Francisco, Truckee, Los Angeles, and Vallejo among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sacramento 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. Sacramento 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
30 Year Conventional Purchase 6.83% 4/19/24
30 Year Conventional Refi 5.72% 4/19/24
30 Year Cash-out Refi 6.55% 4/19/24
15 Year Conventional Purchase 6.55% 4/19/24
15 Year Conventional Refi 6.34% 4/19/24
15 Year Cash-out Refi 6.34% 4/19/24
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.

Sacramento Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Sacramento 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

219

Origination Dollar Volume (All Markets)

$33,935,000

Awards

SACRAMENTO Credit Union 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Sacramento Credit Union's average 30 year fixed mortgage rate was 6.75%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.27%.

Relative Fees (Closing Costs)

Sacramento Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,637.

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 $9,089.

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) 196 $25,530,000 $130,255 $588 7.09%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $4,225,000 $603,571 $1,878 6.80%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $735,000 $245,000 $987 7.33%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $700,000 $350,000 $2,926 7.62%
VALLEJO, CA (FHA|USDA|VA) 3 $685,000 $228,333 $1,713 6.94%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $685,000 $685,000 $5,304 6.50%
STOCKTON, CA (FHA|USDA|VA) 2 $400,000 $200,000 $1,882 7.31%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $90 6.99%
Outside of Metro Areas 1 $295,000 $295,000 $2,670 7.00%
VISALIA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.99%
MADERA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.49%
YUBA CITY, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.99%
Sacramento Credit Union's top markets include Sacramento, San Francisco, Truckee, Los Angeles, and Vallejo among others.

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

    We use machine learning to identify the top lenders compared against SACRAMENTO 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: 126
    Provident Credit Union
    Similarity Rank: 405
    East West Bank
    Similarity Rank: 518
    First Republic Bank
    Similarity Rank: 1030
    SACRAMENTO Credit Union
    Similarity Rank: 1068
    STAR ONE CREDIT UNION
    Similarity Rank: 1224
    SCHOOLSFIRST
    Similarity Rank: 1353
    TRAVIS CREDIT UNION
    Similarity Rank: 1846
    Cathay Bank
    Similarity Rank: 2024
    SAFE CREDIT UNION
    Similarity Rank: 2108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $33,935,000 $154,954 $705 7.09%

    For 2023, Sacramento Credit Union's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 86 $6,810,000 $79,186 $13 7.08%
    Other 83 $5,775,000 $69,578 $18 7.30%
    Home Purchase 32 $17,430,000 $544,688 $3,926 6.68%
    Refi 11 $1,665,000 $151,364 $461 6.89%
    Cash Out Refi 7 $2,255,000 $322,143 $2,811 6.91%

    For 2023, Sacramento Credit Union's most frequently cited loan purpose was Home Improvement, with 86 originations. The 2nd most popular reason was Other, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 65 $6,175,000 $95,000 $181 7.72%
    15 Year 42 $4,420,000 $105,238 $143 6.90%
    30 Year 37 $18,865,000 $509,865 $3,637 6.75%
    Other 34 $1,930,000 $56,765 $15 6.60%
    10 Year 29 $1,905,000 $65,690 $17 7.20%
    5 Year 12 $640,000 $53,333 $0 6.49%

    For 2023, Sacramento Credit Union's most frequently cited loan duration was 20 Year, with 65 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $28,085,000 $138,350
    $1k-2k 10 $3,590,000 $359,000
    $2k-3k 3 $1,265,000 $421,667
    $4k-5k 1 $585,000 $585,000

    Sacramento Credit Union's average total fees were $3,637, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 116 $18,740,000 $161,552
    7-8% 71 $8,555,000 $120,493
    Over 8% 17 $1,375,000 $80,882
    5-6% 13 $4,695,000 $361,154
    <2.5% 1 $105,000 $105,000
    4-5% 1 $465,000 $465,000

    During 2023, Sacramento Credit Union's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 128 $6,650,000 $51,953 $35 7.17%
    $100k-200k 46 $5,570,000 $121,087 $250 7.13%
    $200k-400k 21 $5,865,000 $279,286 $1,723 7.14%
    $400k-600k 16 $8,000,000 $500,000 $4,089 6.51%
    $600k-1MM 6 $4,120,000 $686,667 $4,061 6.67%
    $1MM+ 2 $3,730,000 $1,865,000 $6,511 6.38%

    2023 saw Sacramento Credit Union place emphasis on $100,000 or less loans with 128 originations, totaling $6,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 68 $8,360,000 $122,941 $461 6.98%
    $100k-150k 56 $7,070,000 $126,250 $648 7.06%
    $250k+ 35 $13,305,000 $380,143 $1,668 6.94%
    $75k-100k 31 $3,505,000 $113,065 $697 7.38%
    $50k-75k 23 $1,325,000 $57,609 $309 7.35%
    $50k or less 6 $370,000 $61,667 $63 7.07%

    Sacramento Credit Union lent most frequently to those with incomes in the $150k-250k range, with 68 originations. The second most popular income band? $100k-150k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 50 $7,810,000 $156,200 $780 6.96%
    20-30% 38 $5,730,000 $150,789 $600 6.94%
    38% 13 $4,255,000 $327,308 $1,341 7.06%
    <20% 13 $1,045,000 $80,385 $433 6.58%
    49% 12 $1,100,000 $91,667 $276 7.26%
    41% 12 $2,150,000 $179,167 $1,319 7.39%
    48% 9 $1,735,000 $192,778 $1,259 7.03%
    44% 9 $835,000 $92,778 $324 7.57%
    50-60% 8 $490,000 $61,250 $16 7.17%
    40% 8 $790,000 $98,750 $307 7.29%
    43% 8 $1,980,000 $247,500 $1,381 7.04%
    45% 8 $1,120,000 $140,000 $487 7.33%
    46% 7 $1,145,000 $163,571 $459 7.12%
    47% 7 $1,885,000 $269,286 $904 7.19%
    39% 5 $325,000 $65,000 $25 7.13%
    42% 5 $925,000 $185,000 $1,170 7.54%
    36% 4 $320,000 $80,000 $31 7.87%
    37% 3 $295,000 $98,333 $914 6.99%

    Sacramento Credit Union lent most frequently to those with DTI ratios of 30-36%, with 50 originations. The next most common DTI ratio? 20-30%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $16,055,000 $110,724 $450 7.04%
    Not provided 18 $9,810,000 $545,000 $3,275 6.75%
    Asian 31 $5,015,000 $161,774 $569 7.12%
    Black 20 $1,830,000 $91,500 $249 7.79%
    Other Asian 1 $725,000 $725,000 $4,912 6.75%
    American Indian 3 $425,000 $141,667 $781 6.89%
    Asian Indian 1 $75,000 $75,000 $0 6.49%

    Approval Rates

    Total approvals of all applications
    72.40%

    Sacramento Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.00%

    Sacramento Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 219 $33,935,000 $154,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    219 $33,935,000 $154,954

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $3,490,000 $158,636 $459 7.27%
    40-60% 4 $1,680,000 $420,000 $2,957 6.47%
    60-80% 19 $9,955,000 $523,947 $3,731 6.84%
    80-100% 15 $7,955,000 $530,333 $3,859 6.73%
    Under 20% 159 $10,855,000 $68,270 $17 7.14%