San Diego County Credit Union Mortgage Interest Rate and Cost Review

Is San Diego County Credit Union a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by San Diego County Credit Union with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.04%)
Loan Related Closing Costshigher than average (+$544)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.sdccu.com

On average, San Diego County Credit Union’s interest rates were similar to those of other lenders (-0.04%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$544. Overall, combining interest rates and closing costs we estimate that San Diego County Credit Union tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

San Diego County Credit Union’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track San Diego County Credit Union was most active in:

  1. San Diego, CA
  2. Los Angeles, CA
  3. San Jose, CA
  4. Sacramento, CA
  5. Fresno, CA

You can click through to check out San Diego County Credit Union’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

San Diego County Credit Union’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, San Diego County Credit Union originated Conforming and Jumbo mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.06%-0.01%
Loan Related Closing Cost Difference+$343+$548
Cost Adjusted Rate Difference-0.05%-0.00%
Star Rating(4.0)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.04%-0.05%
Loan Related Closing Cost Difference+$536+$1075
Cost Adjusted Rate Difference-0.05%-0.03%
Star Rating(4.0)(3.5)

As a summary, San Diego County Credit Union is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, San Diego County Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about San Diego County Credit Union:

Registered name: San Diego County Credit Union
Registered city and state: SAN DIEGO, CA, 92121
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for San Diego County Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.