Sacramento Credit Union Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300Z66NI4HM439O26
Tax ID: 94-1530642
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.83% | 4/28/24 |
| 30 Year Conventional Refi | 5.72% | 4/28/24 |
| 30 Year Cash-out Refi | 6.55% | 4/28/24 |
| 15 Year Conventional Purchase | 6.55% | 4/28/24 |
| 15 Year Conventional Refi | 6.34% | 4/28/24 |
| 15 Year Cash-out Refi | 6.34% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
263Origination Dollar Volume (All Markets)
$37,925,000Awards
SACRAMENTO Credit Union - 2022
SACRAMENTO Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
Their top states include:
Similar Lenders
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications83.61%
Sacramento Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination85.55%
Sacramento Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 263 | $37,925,000 | $144,202 |