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 Home Improvement, 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 Francisco, San Jose, Vallejo, and San Diego among others. We have data for 14 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% 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

    263

    Origination Dollar Volume (All Markets)

    $37,925,000

    Awards

    SACRAMENTO Credit Union 30 Year Conventional Loans gold SACRAMENTO Credit Union 30 Year Conventional Loans bronze SACRAMENTO Credit Union 30 Year Conventional Loans bronze
    Show all (3) 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) 237 $30,305,000 $127,869 $783 4.84%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $2,650,000 $441,667 $1,736 4.06%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,875,000 $625,000 $3,024 4.69%
    VALLEJO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $2,023 4.35%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $505,000 $505,000 $1,989 3.50%
    Outside of Metro Areas 3 $485,000 $161,667 $734 5.59%
    STOCKTON, CA (FHA|USDA|VA) 3 $295,000 $98,333 $755 4.98%
    SALINAS, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,422 3.75%
    Susanville, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,596 5.63%
    Ukiah, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,443 3.75%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,120 6.25%
    YUBA CITY, CA (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.24%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.49%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.89%
    Sacramento Credit Union's top markets include Sacramento, San Francisco, San Jose, Vallejo, and San Diego 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: 77
    EXCITE Credit Union
    Similarity Rank: 609
    Provident Credit Union
    Similarity Rank: 900
    SACRAMENTO Credit Union
    Similarity Rank: 1218
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1222
    TRAVIS CREDIT UNION
    Similarity Rank: 1296
    Ukrainian Federal Credit Union
    Similarity Rank: 1320
    SAFE CREDIT UNION
    Similarity Rank: 1738
    SCHOOLSFIRST
    Similarity Rank: 1749
    Operating Engineers Local Union #3
    Similarity Rank: 2077

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 263 $37,925,000 $144,202 $871 4.84%

    For 2022, Sacramento Credit Union's most frequently originated type of loan was Conventional, with 263 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 118 $8,030,000 $68,051 $15 5.06%
    Other 68 $4,810,000 $70,735 $19 5.28%
    Cash Out Refi 39 $14,295,000 $366,538 $2,889 3.99%
    Home Purchase 22 $8,430,000 $383,182 $4,042 4.77%
    Refi 16 $2,360,000 $147,500 $1,531 3.59%

    For 2022, Sacramento Credit Union's most frequently cited loan purpose was Home Improvement, with 118 originations. The 2nd most popular reason was Other, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 73 $7,805,000 $106,918 $427 5.61%
    10 Year 51 $4,555,000 $89,314 $348 4.61%
    15 Year 51 $5,805,000 $113,824 $519 4.71%
    30 Year 48 $17,750,000 $369,792 $3,186 4.40%
    Other 27 $1,315,000 $48,704 $23 4.40%
    5 Year 13 $695,000 $53,462 $15 4.50%

    For 2022, Sacramento Credit Union's most frequently cited loan duration was 20 Year, with 73 originations. The 2nd most popular length was 10 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 232 $27,450,000 $118,319
    $1k-2k 18 $4,880,000 $271,111
    $2k-3k 8 $3,640,000 $455,000
    $4k-5k 2 $580,000 $290,000
    $5k+ 2 $1,130,000 $565,000
    $3k-4k 1 $245,000 $245,000

    Sacramento Credit Union's average total fees were $3,186, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 232 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 74 $12,820,000 $173,243
    5-6% 69 $7,975,000 $115,580
    4-5% 66 $10,600,000 $160,606
    6-7% 23 $1,655,000 $71,957
    7-8% 18 $1,260,000 $70,000
    2.5-3% 10 $3,030,000 $303,000
    <2.5% 3 $585,000 $195,000

    During 2022, Sacramento Credit Union's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 3-4%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 152 $8,220,000 $54,079 $42 5.16%
    $100k-200k 53 $6,545,000 $123,491 $704 4.63%
    $200k-400k 37 $10,595,000 $286,351 $2,893 4.29%
    $400k-600k 13 $6,045,000 $465,000 $3,485 4.08%
    $600k-1MM 6 $4,280,000 $713,333 $4,246 4.27%
    $1MM+ 2 $2,240,000 $1,120,000 $3,795 3.31%

    2022 saw Sacramento Credit Union place emphasis on $100,000 or less loans with 152 originations, totaling $8,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 72 $13,210,000 $183,472 $1,048 4.79%
    $100k-150k 69 $8,225,000 $119,203 $661 5.00%
    $250k+ 37 $6,195,000 $167,432 $561 4.53%
    $50k-75k 37 $4,175,000 $112,838 $1,147 4.62%
    $75k-100k 36 $4,910,000 $136,389 $882 5.30%
    $50k or less 11 $1,165,000 $105,909 $1,203 4.49%

    Sacramento Credit Union lent most frequently to those with incomes in the $150k-250k range, with 72 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $8,215,000 $115,704 $575 4.84%
    30-36% 49 $6,745,000 $137,653 $884 4.88%
    <20% 21 $2,635,000 $125,476 $991 4.19%
    50-60% 14 $1,190,000 $85,000 $27 5.54%
    49% 11 $1,595,000 $145,000 $1,887 4.36%
    46% 11 $1,465,000 $133,182 $843 4.39%
    39% 11 $1,385,000 $125,909 $800 4.95%
    40% 9 $925,000 $102,778 $486 5.68%
    36% 9 $1,215,000 $135,000 $1,455 5.03%
    37% 9 $955,000 $106,111 $504 5.02%
    44% 7 $1,295,000 $185,000 $1,676 4.68%
    41% 7 $2,725,000 $389,286 $1,485 4.96%
    43% 6 $1,010,000 $168,333 $1,149 5.06%
    45% 6 $730,000 $121,667 $1,039 5.36%
    47% 6 $2,140,000 $356,667 $1,750 5.05%
    42% 5 $1,865,000 $373,000 $1,027 4.73%
    38% 5 $1,205,000 $241,000 $1,846 4.15%
    48% 5 $325,000 $65,000 $25 4.87%
    >60% 1 $305,000 $305,000 $2,739 4.63%

    Sacramento Credit Union lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $22,975,000 $124,189 $688 4.88%
    Not provided 17 $5,835,000 $343,235 $1,961 4.61%
    Asian 34 $4,790,000 $140,882 $780 4.83%
    Black 24 $4,140,000 $172,500 $1,756 4.78%
    American Indian 2 $120,000 $60,000 $0 4.89%
    Filipino 1 $65,000 $65,000 $0 3.69%

    Approval Rates

    Total approvals of all applications
    83.61%

    Sacramento Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.55%

    Sacramento Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 263 $37,925,000 $144,202

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    263 $37,925,000 $144,202

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $5,075,000 $220,652 $1,769 4.44%
    40-60% 26 $9,340,000 $359,231 $3,189 3.80%
    60-80% 20 $7,570,000 $378,500 $3,564 4.47%
    80-100% 8 $3,380,000 $422,500 $3,070 4.67%
    Under 20% 186 $12,560,000 $67,527 $52 5.09%