Sacramento Credit Union Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300Z66NI4HM439O26

Tax ID: 94-1530642

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
  • Complaints
  • 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

    Sacramento Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Sacramento Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Jose, Vallejo, San Francisco, and Santa Rosa 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 4/21/24
    30 Year Conventional Refi 5.72% 4/21/24
    30 Year Cash-out Refi 6.55% 4/21/24
    15 Year Conventional Purchase 6.55% 4/21/24
    15 Year Conventional Refi 6.34% 4/21/24
    15 Year Cash-out Refi 6.34% 4/21/24
    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

    191

    Origination Dollar Volume (All Markets)

    $31,105,000

    Awards

    SACRAMENTO Credit Union 30 Year Conventional Loans gold
    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) 173 $23,605,000 $136,445 $1,182 5.24%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $4,010,000 $1,002,500 $6,989 4.28%
    VALLEJO, CA (FHA|USDA|VA) 2 $740,000 $370,000 $2,805 4.43%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $610,000 $305,000 $1,681 4.81%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $550,000 $275,000 $2,950 4.63%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,668 3.75%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,536 5.13%
    Outside of Metro Areas 2 $300,000 $150,000 $1,253 4.56%
    YUBA CITY, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,650 4.75%
    REDDING, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,909 4.13%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.99%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
    Sacramento Credit Union's top markets include Sacramento, San Jose, Vallejo, San Francisco, and Santa Rosa 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.

    American Interbanc Mortgage
    Similarity Rank: 112
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    USE Credit Union
    Similarity Rank: 690
    Constant Investments, Inc.
    Similarity Rank: 822
    Schools Financial Credit Union
    Similarity Rank: 910
    Provident Credit Union
    Similarity Rank: 980
    SCHOOLSFIRST
    Similarity Rank: 1080
    SACRAMENTO Credit Union
    Similarity Rank: 1092
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 1386
    Firefighters First Federal Credit Union
    Similarity Rank: 1696

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 191 $31,105,000 $162,853 $1,380 5.18%

    For 2018, Sacramento Credit Union's most frequently originated type of loan was Conventional, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 44 $2,270,000 $51,591 $28 5.58%
    Other 43 $2,235,000 $51,977 $17 5.72%
    Cash Out Refi 42 $12,120,000 $288,571 $2,908 4.76%
    Home Purchase 40 $11,640,000 $291,000 $2,967 4.62%
    Refi 22 $2,840,000 $129,091 $942 5.17%

    For 2018, Sacramento Credit Union's most frequently cited loan purpose was Home Improvement, with 44 originations. The 2nd most popular reason was Other, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 75 $21,645,000 $288,600 $2,913 4.75%
    20 Year 44 $3,520,000 $80,000 $236 5.91%
    15 Year 34 $3,780,000 $111,176 $837 5.26%
    10 Year 26 $1,780,000 $68,462 $235 5.56%
    Other 8 $190,000 $23,750 $16 4.14%
    5 Year 4 $190,000 $47,500 $0 4.24%

    For 2018, Sacramento Credit Union's most frequently cited loan duration was 30 Year, with 75 originations. The 2nd most popular length was 20 Year, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 158 $19,170,000 $121,329
    $1k-2k 20 $4,960,000 $248,000
    $2k-3k 8 $2,280,000 $285,000
    $4k-5k 3 $2,085,000 $695,000
    $5k+ 2 $2,610,000 $1,305,000

    Sacramento Credit Union's average total fees were $2,913, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 158 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 84 $16,440,000 $195,714
    5-6% 77 $7,635,000 $99,156
    3-4% 16 $6,230,000 $389,375
    6-7% 11 $705,000 $64,091
    Over 8% 3 $95,000 $31,667

    During 2018, Sacramento Credit Union's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 84 $3,530,000 $42,024 $44 5.61%
    $200k-400k 55 $14,685,000 $267,000 $2,679 4.74%
    $100k-200k 41 $5,385,000 $131,341 $1,402 5.15%
    $400k-600k 8 $3,700,000 $462,500 $3,389 4.41%
    $600k-1MM 2 $1,500,000 $750,000 $6,345 4.00%
    $1MM+ 1 $2,305,000 $2,305,000 $15,264 3.88%

    2018 saw Sacramento Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $3,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $7,060,000 $147,083 $1,362 5.28%
    $75k-100k 39 $5,665,000 $145,256 $1,413 5.16%
    $50k-75k 36 $5,360,000 $148,889 $1,580 5.09%
    $150k-250k 31 $4,625,000 $149,194 $693 5.36%
    $250k+ 19 $6,765,000 $356,053 $2,300 4.87%
    $50k or less 18 $1,630,000 $90,556 $1,170 5.19%

    Sacramento Credit Union lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $75k-100k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 59 $7,095,000 $120,254 $935 5.28%
    30-36% 37 $6,095,000 $164,730 $1,492 5.00%
    <20% 12 $930,000 $77,500 $666 5.55%
    42% 12 $2,590,000 $215,833 $2,258 5.26%
    38% 8 $1,050,000 $131,250 $811 5.67%
    41% 8 $1,360,000 $170,000 $1,242 5.44%
    45% 7 $555,000 $79,286 $711 5.39%
    49% 6 $900,000 $150,000 $2,216 4.90%
    40% 6 $1,150,000 $191,667 $2,134 4.83%
    37% 5 $3,145,000 $629,000 $4,448 4.82%
    47% 5 $865,000 $173,000 $1,454 5.12%
    48% 5 $1,365,000 $273,000 $2,480 4.73%
    36% 5 $1,105,000 $221,000 $1,571 4.75%
    46% 4 $890,000 $222,500 $1,960 4.94%
    39% 4 $960,000 $240,000 $2,143 4.71%
    44% 4 $310,000 $77,500 $528 5.73%
    >60% 2 $120,000 $60,000 $63 4.62%
    50-60% 1 $105,000 $105,000 $125 5.99%
    43% 1 $515,000 $515,000 $2,069 4.75%

    Sacramento Credit Union lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 154 $23,870,000 $155,000 $1,356 5.19%
    Asian 20 $3,990,000 $199,500 $1,628 4.98%
    Black 12 $2,950,000 $245,833 $1,848 5.07%
    American Indian 4 $240,000 $60,000 $0 6.17%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 5.24%

    Approval Rates

    Total approvals of all applications
    78.10%

    Sacramento Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.39%

    Sacramento Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 191 $31,105,000 $162,853

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 191 $31,105,000 $162,853

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,480,000 $103,333 $962 5.44%
    40-60% 27 $6,415,000 $237,593 $2,727 4.56%
    60-80% 30 $10,410,000 $347,000 $3,152 4.87%
    80-100% 20 $6,590,000 $329,500 $3,080 4.65%
    Under 20% 90 $5,210,000 $57,889 $119 5.52%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Secure One Capital Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Secure One Capital Corporation Conventional home mortgage Closing on a mortgage 2 50.0%
    Secure One Capital Corporation FHA mortgage Closing on a mortgage 1 25.0%