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
  • 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 Refi loans. Sacramento Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Jose, San Francisco, Truckee, 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 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 6.83% 4/18/24
    30 Year Conventional Refi 5.72% 4/18/24
    30 Year Cash-out Refi 6.55% 4/18/24
    15 Year Conventional Purchase 6.55% 4/18/24
    15 Year Conventional Refi 6.34% 4/18/24
    15 Year Cash-out Refi 6.34% 4/18/24
    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

    287

    Origination Dollar Volume (All Markets)

    $61,185,000

    Awards

    SACRAMENTO Credit Union 30 Year Conventional Loans gold SACRAMENTO Credit Union 30 Year Conventional Loans bronze
    Show all (2) 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) 263 $52,135,000 $198,232 $1,546 4.53%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $2,990,000 $1,495,000 $2,227 1.94%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,240,000 $560,000 $2,381 4.09%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $815,000 $271,667 $1,750 4.61%
    VALLEJO, CA (FHA|USDA|VA) 3 $785,000 $261,667 $706 4.96%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $4,504 4.50%
    STOCKTON, CA (FHA|USDA|VA) 2 $390,000 $195,000 $1,221 4.43%
    YUBA CITY, CA (FHA|USDA|VA) 4 $370,000 $92,500 $460 5.37%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $300,000 $150,000 $2,114 4.06%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,222 3.38%
    MODESTO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $2,539 4.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $55,000 $55,000 $125 5.79%
    Sacramento Credit Union's top markets include Sacramento, San Jose, San Francisco, Truckee, 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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    Ukrainian Federal Credit Union
    Similarity Rank: 864
    SAN FRANCISCO FIRE CREDIT UNION
    Similarity Rank: 980
    SACRAMENTO Credit Union
    Similarity Rank: 1020
    Schools Financial Credit Union
    Similarity Rank: 1020
    T. J. FINANCIAL, INC.
    Similarity Rank: 1152
    Sierra Central Credit Union
    Similarity Rank: 1530
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 1600
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1628

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $61,185,000 $213,188 $1,557 4.52%

    For 2019, Sacramento Credit Union's most frequently originated type of loan was Conventional, with 287 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 98 $31,190,000 $318,265 $2,454 4.05%
    Refi 56 $15,440,000 $275,714 $2,148 3.96%
    Home Improvement 55 $2,645,000 $48,091 $21 5.44%
    Other 51 $2,425,000 $47,549 $18 5.25%
    Home Purchase 27 $9,485,000 $351,296 $3,053 4.13%

    For 2019, Sacramento Credit Union's most frequently cited loan purpose was Cash Out Refi, with 98 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 135 $44,845,000 $332,185 $2,590 4.05%
    20 Year 51 $5,105,000 $100,098 $487 5.48%
    15 Year 45 $8,805,000 $195,667 $1,522 4.39%
    Other 29 $1,075,000 $37,069 $11 4.52%
    10 Year 23 $1,245,000 $54,130 $88 5.33%
    5 Year 4 $110,000 $27,500 $0 4.84%

    For 2019, Sacramento Credit Union's most frequently cited loan duration was 30 Year, with 135 originations. The 2nd most popular length was 20 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 224 $45,180,000 $201,696
    $1k-2k 44 $10,810,000 $245,682
    $2k-3k 8 $2,730,000 $341,250
    $3k-4k 2 $940,000 $470,000
    $4k-5k 2 $980,000 $490,000

    Sacramento Credit Union's average total fees were $2,590, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 131 $38,335,000 $292,634
    5-6% 80 $5,390,000 $67,375
    4-5% 63 $16,565,000 $262,937
    6-7% 8 $410,000 $51,250
    <2.5% 3 $365,000 $121,667
    7-8% 1 $75,000 $75,000
    Over 8% 1 $45,000 $45,000

    During 2019, Sacramento Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $4,695,000 $44,714 $64 5.51%
    $200k-400k 95 $26,855,000 $282,684 $2,392 3.97%
    $100k-200k 47 $7,025,000 $149,468 $2,006 3.90%
    $400k-600k 32 $15,090,000 $471,563 $2,847 3.94%
    $600k-1MM 7 $4,685,000 $669,286 $3,066 3.95%
    $1MM+ 1 $2,835,000 $2,835,000 $4,454 3.88%

    2019 saw Sacramento Credit Union place emphasis on $100,000 or less loans with 105 originations, totaling $4,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 79 $16,855,000 $213,354 $1,652 4.49%
    $50k-75k 57 $8,545,000 $149,912 $1,336 4.61%
    $75k-100k 57 $10,405,000 $182,544 $1,499 4.62%
    $150k-250k 55 $13,105,000 $238,273 $1,450 4.60%
    $250k+ 24 $10,460,000 $435,833 $2,066 3.93%
    $50k or less 15 $1,815,000 $121,000 $1,724 4.54%

    Sacramento Credit Union lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $50k-75k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $19,110,000 $233,049 $1,574 4.23%
    30-36% 59 $10,395,000 $176,186 $1,340 4.69%
    <20% 33 $5,105,000 $154,697 $1,522 4.41%
    42% 16 $5,690,000 $355,625 $1,895 4.67%
    44% 13 $2,295,000 $176,538 $1,416 4.58%
    39% 13 $1,335,000 $102,692 $733 5.60%
    40% 11 $2,405,000 $218,636 $1,749 4.60%
    41% 9 $2,315,000 $257,222 $2,078 4.64%
    43% 9 $1,775,000 $197,222 $1,274 4.35%
    46% 7 $1,665,000 $237,857 $1,884 4.85%
    47% 7 $1,475,000 $210,714 $2,096 4.42%
    45% 7 $1,655,000 $236,429 $1,794 4.75%
    49% 6 $2,530,000 $421,667 $2,182 3.98%
    37% 5 $1,965,000 $393,000 $2,930 4.05%
    36% 5 $815,000 $163,000 $1,111 4.69%
    38% 3 $315,000 $105,000 $630 4.62%
    48% 2 $340,000 $170,000 $2,557 4.75%

    Sacramento Credit Union lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 217 $45,875,000 $211,406 $1,512 4.54%
    Asian 40 $9,410,000 $235,250 $1,653 4.34%
    Black 16 $2,990,000 $186,875 $1,663 4.78%
    American Indian 7 $2,055,000 $293,571 $2,298 4.30%
    Not provided 2 $470,000 $235,000 $2,882 3.63%
    Native Hawaiian or Islander 4 $330,000 $82,500 $1,023 4.94%
    Asian Indian 1 $55,000 $55,000 $0 5.59%

    Approval Rates

    Total approvals of all applications
    81.64%

    Sacramento Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.23%

    Sacramento Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 287 $61,185,000 $213,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 287 $61,185,000 $213,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,545,000 $131,296 $1,155 4.58%
    40-60% 45 $12,415,000 $275,889 $2,395 3.86%
    60-80% 94 $33,990,000 $361,596 $2,614 4.01%
    80-100% 20 $6,630,000 $331,500 $2,727 4.19%
    Under 20% 101 $4,605,000 $45,594 $60 5.34%