# San Mateo Credit Union

> **Canonical URL:** https://saferate.com/lenders/san-mateo-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


San Mateo Credit Union is a credit union, headquartered in Redwood City, CA, with 95 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 7% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 58% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300QNPOF1WCRKLZ94
- **Headquarters:** Redwood City, CA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** CA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 93/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.550%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-154
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 95
- **Dollar Volume:** $83 million
- **Applications Received:** 127
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $869,105
- **Average Borrower Income:** $287,684
- **Average Property Value:** $1,216,170

## Safe Rate Awards 🏆

- ⭐ **Jumbo Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 33/100 | 74 | -0.517% | $-121 | Acceptable 🙂 |
| Jumbo | 66/100 | 21 | -0.662% | $-265 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 59 loans, Score: 32/100 (Acceptable)

**Jumbo:**
- Purchase: 21 loans, Score: 68/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 37/100 | 80 | $76M | -0.588% | Acceptable 🙂 |
| Refinance | 33/100 | 15 | $7M | -0.333% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 95 | 0.03% | 64/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| San Francisco | CA | 42 | 72/100 |
| Oakland | CA | 29 | 61/100 |
| San Jose | CA | 11 | 49/100 |

## Where This Lender Ranks

San Mateo Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#4** in San Francisco Credit Unions
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/credit-unions)
- 🏆 **#7** in San Francisco for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🏆 **#9** in San Francisco for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#16** in San Francisco for Jumbo Loans
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/jumbo-loans)
- 🏆 **#18** in San Francisco
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does San Mateo Credit Union offer?

San Mateo Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does San Mateo Credit Union offer mortgages?

San Mateo Credit Union offers mortgages in 1 states: CA.

### How competitive are San Mateo Credit Union's mortgage rates?

San Mateo Credit Union has a pricing score of 93/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.550% below market average.

### What type of lender is San Mateo Credit Union?

San Mateo Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Redwood City, CA.

### What is San Mateo Credit Union's loan approval success rate?

San Mateo Credit Union has a pull-through score of 42/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/san-mateo-credit-union

### How to Cite

> "San Mateo Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/san-mateo-credit-union

---

**[View Interactive Profile →](https://saferate.com/lenders/san-mateo-credit-union)**