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 Refi and Cash Out Refi loans. Sacramento Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, San Francisco, San Jose, Vallejo, 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 above 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% 12/16/24
    30 Year Conventional Refi 5.72% 12/16/24
    30 Year Cash-out Refi 6.55% 12/16/24
    15 Year Conventional Purchase 6.55% 12/16/24
    15 Year Conventional Refi 6.34% 12/16/24
    15 Year Cash-out Refi 6.34% 12/16/24
    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

    508

    Origination Dollar Volume (All Markets)

    $137,200,000

    Awards

    SACRAMENTO Credit Union 30 Year Conventional Loans silver
    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) 474 $120,260,000 $253,713 $2,486 3.30%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $5,300,000 $662,500 $3,480 3.39%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $4,970,000 $1,242,500 $2,835 3.31%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,500,000 $375,000 $2,319 3.31%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,205,000 $401,667 $2,656 2.92%
    YUBA CITY, CA (FHA|USDA|VA) 4 $880,000 $220,000 $1,937 4.02%
    Outside of Metro Areas 3 $865,000 $288,333 $2,819 3.17%
    STOCKTON, CA (FHA|USDA|VA) 3 $635,000 $211,667 $1,472 3.85%
    FRESNO, CA (FHA|USDA|VA) 2 $560,000 $280,000 $2,131 2.94%
    Ukiah, CA (FHA|USDA|VA) 1 $395,000 $395,000 $6,428 2.88%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,850 3.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $305,000 $305,000 $1,964 2.75%
    Sacramento Credit Union's top markets include Sacramento, San Francisco, San Jose, Vallejo, 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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    S&S Financial
    Similarity Rank: 1368
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1392
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 1904
    WINNPOINTE CORPORATION
    Similarity Rank: 1914
    SACRAMENTO Credit Union
    Similarity Rank: 2256
    WESTCOAST MORTGAGE GROUP AND REALTY COMPANY
    Similarity Rank: 2279
    Kwik Mortgage Corporation
    Similarity Rank: 2581
    Semper Home Loans, Inc.
    Similarity Rank: 2848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 508 $137,200,000 $270,079 $2,504 3.30%

    For 2020, Sacramento Credit Union's most frequently originated type of loan was Conventional, with 508 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 258 $73,310,000 $284,147 $2,568 3.07%
    Cash Out Refi 180 $50,630,000 $281,278 $2,767 3.22%
    Home Purchase 30 $11,440,000 $381,333 $3,689 3.17%
    Home Improvement 23 $1,075,000 $46,739 $11 5.28%
    Other 17 $745,000 $43,824 $31 5.40%

    For 2020, Sacramento Credit Union's most frequently cited loan purpose was Refi, with 258 originations. The 2nd most popular reason was Cash Out Refi, with 180 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 302 $90,950,000 $301,159 $2,779 3.24%
    15 Year 92 $24,050,000 $261,413 $2,480 2.97%
    20 Year 64 $16,340,000 $255,313 $2,372 3.58%
    10 Year 31 $5,115,000 $165,000 $1,702 3.49%
    5 Year 10 $440,000 $44,000 $0 4.59%
    Other 9 $305,000 $33,889 $14 4.87%

    For 2020, Sacramento Credit Union's most frequently cited loan duration was 30 Year, with 302 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 279 $75,205,000 $269,552
    $1k-2k 153 $37,525,000 $245,261
    $2k-3k 38 $11,330,000 $298,158
    $3k-4k 25 $8,185,000 $327,400
    $4k-5k 7 $2,695,000 $385,000
    $5k+ 6 $2,260,000 $376,667

    Sacramento Credit Union's average total fees were $2,779, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 279 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 245 $76,165,000 $310,878
    2.5-3% 209 $55,635,000 $266,196
    5-6% 20 $930,000 $46,500
    4-5% 17 $1,645,000 $96,765
    <2.5% 12 $2,490,000 $207,500
    7-8% 3 $175,000 $58,333
    6-7% 2 $160,000 $80,000

    During 2020, Sacramento Credit Union's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 258 $71,490,000 $277,093 $2,765 3.13%
    $100k-200k 117 $18,595,000 $158,932 $2,309 3.15%
    $400k-600k 75 $34,355,000 $458,067 $3,162 3.20%
    $100,000 or less 48 $2,330,000 $48,542 $457 4.77%
    $600k-1MM 7 $5,225,000 $746,429 $2,468 3.29%
    $1MM+ 3 $5,205,000 $1,735,000 $4,015 3.58%

    2020 saw Sacramento Credit Union place emphasis on $200k-400k loans with 258 originations, totaling $71,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 138 $36,890,000 $267,319 $2,423 3.32%
    $150k-250k 101 $30,675,000 $303,713 $2,730 3.35%
    $75k-100k 95 $22,975,000 $241,842 $2,484 3.31%
    $50k-75k 92 $19,430,000 $211,196 $2,457 3.27%
    $250k+ 46 $21,060,000 $457,826 $2,432 3.30%
    $50k or less 36 $6,170,000 $171,389 $2,444 3.19%

    Sacramento Credit Union lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $150k-250k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 178 $51,510,000 $289,382 $2,497 3.21%
    <20% 98 $24,160,000 $246,531 $2,370 3.15%
    30-36% 79 $20,555,000 $260,190 $2,487 3.39%
    43% 22 $5,830,000 $265,000 $2,528 3.43%
    39% 18 $4,500,000 $250,000 $2,096 3.38%
    44% 14 $4,030,000 $287,857 $2,276 3.38%
    38% 13 $3,375,000 $259,615 $2,009 3.50%
    41% 12 $3,570,000 $297,500 $3,057 3.42%
    36% 12 $3,430,000 $285,833 $3,639 3.34%
    37% 11 $2,885,000 $262,273 $3,242 3.64%
    46% 10 $3,090,000 $309,000 $2,703 3.51%
    40% 9 $2,845,000 $316,111 $2,139 3.83%
    42% 8 $1,110,000 $138,750 $1,410 4.47%
    48% 7 $1,725,000 $246,429 $2,839 3.02%
    49% 7 $1,965,000 $280,714 $4,112 3.30%
    47% 6 $1,420,000 $236,667 $2,203 3.04%
    45% 4 $1,200,000 $300,000 $3,002 3.00%

    Sacramento Credit Union lent most frequently to those with DTI ratios of 20-30%, with 178 originations. The next most common DTI ratio? <20%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 349 $89,865,000 $257,493 $2,477 3.33%
    Asian 73 $23,315,000 $319,384 $2,355 3.30%
    Not provided 52 $14,890,000 $286,346 $2,834 3.18%
    Black 26 $6,580,000 $253,077 $2,460 3.34%
    American Indian 3 $1,155,000 $385,000 $2,640 3.04%
    Native Hawaiian or Islander 3 $935,000 $311,667 $3,622 3.13%
    Filipino 1 $235,000 $235,000 $2,812 3.00%
    Japanese 1 $225,000 $225,000 $2,508 3.50%

    Approval Rates

    Total approvals of all applications
    93.84%

    Sacramento Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.02%

    Sacramento Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 508 $137,200,000 $270,079

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 507 $137,035,000 $270,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $13,440,000 $216,774 $2,376 2.95%
    40-60% 177 $43,815,000 $247,542 $2,451 3.07%
    60-80% 184 $63,640,000 $345,870 $2,981 3.24%
    80-100% 37 $13,585,000 $367,162 $3,388 3.27%
    Under 20% 48 $2,720,000 $56,667 $353 4.91%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Secure One Capital Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 60.0%
    Secure One Capital Corporation Conventional home mortgage Closing on a mortgage 2 40.0%