# STATE EMPLOYEES'

> **Canonical URL:** https://saferate.com/lenders/state-employees


> **📋 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


STATE EMPLOYEES' is a credit union, headquartered in Raleigh, NC, serving borrowers across 5 states, with 9,700 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 27% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300SHE1JTCOWBP090
- **Headquarters:** Raleigh, NC
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** GA, NC, SC, TN, VA
- **Markets (MSAs):** 23
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.740%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,198
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 9,700
- **Dollar Volume:** $2.8 billion
- **Applications Received:** 14,645
- **Market Share:** 27.00%

## Typical Borrower Profile

- **Average Loan Amount:** $284,868
- **Average Borrower Income:** $119,224
- **Average Property Value:** $364,292

## Safe Rate Awards 🏆

- 💎 **Jumbo Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (77%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 91/100 | 9,542 | -0.732% | $2,192 | Exceptional 🤩 |
| Jumbo | 83/100 | 158 | -1.142% | $2,494 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 7,523 loans, Score: 91/100 (Exceptional)
- Refinance: 2,019 loans, Score: 88/100 (Exceptional)

**Jumbo:**
- Purchase: 130 loans, Score: 83/100 (Exceptional)
- Refinance: 28 loans, Score: 80/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 89/100 | 7,653 | $2.3B | -0.756% | Exceptional 🤩 |
| Refinance | 87/100 | 2,047 | $508M | -0.694% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 9,247 | 6.25% | 100/100 |
| SC | 250 | 0.31% | 71/100 |
| VA | 109 | 0.10% | 59/100 |
| TN | 48 | 0.05% | 50/100 |
| GA | 46 | 0.03% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 2,531 | 84/100 |
| Raleigh | NC | 1,402 | 100/100 |
| Charlotte | NC-SC | 1,205 | 94/100 |
| Greensboro | NC | 781 | 100/100 |
| Winston | NC | 633 | 100/100 |
| Hickory | NC | 579 | 100/100 |
| Durham | NC | 555 | 100/100 |
| Wilmington, NC | NC | 448 | 98/100 |
| Asheville, NC | NC | 286 | 96/100 |
| Burlington, NC | NC | 258 | 100/100 |
| Greenville, NC | NC | 198 | 100/100 |
| Rocky Mount, NC | NC | 139 | 100/100 |
| Goldsboro, NC | NC | 134 | 97/100 |
| Fayetteville, NC | NC | 110 | 74/100 |
| Pinehurst | NC | 74 | 80/100 |

## Where This Lender Ranks

STATE EMPLOYEES' appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in North Carolina Credit Unions
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in North Carolina for Conventional Loans
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in North Carolina for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in North Carolina for Jumbo Loans
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in North Carolina for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥇 **#1** in Raleigh Credit Unions
  - [View Full Rankings](https://saferate.com/raleigh/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Raleigh for Conventional Loans
  - [View Full Rankings](https://saferate.com/raleigh/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Raleigh for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/raleigh/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Raleigh for Jumbo Loans
  - [View Full Rankings](https://saferate.com/raleigh/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Raleigh for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/raleigh/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥇 **#1** in Charlotte
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders)
- 🥇 **#1** in Charlotte Credit Unions
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Charlotte for Conventional Loans
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Charlotte for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Charlotte for Jumbo Loans
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Charlotte for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥇 **#1** in Greensboro
  - [View Full Rankings](https://saferate.com/greensboro/best-mortgage-lenders)
- 🥇 **#1** in Greensboro Credit Unions
  - [View Full Rankings](https://saferate.com/greensboro/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Greensboro for Conventional Loans
  - [View Full Rankings](https://saferate.com/greensboro/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Greensboro for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/greensboro/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does STATE EMPLOYEES' offer?

STATE EMPLOYEES' offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does STATE EMPLOYEES' offer mortgages?

STATE EMPLOYEES' offers mortgages in 5 states: GA, NC, SC, TN, VA.

### How competitive are STATE EMPLOYEES''s mortgage rates?

STATE EMPLOYEES' has a pricing score of 73/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.740% below market average.

### What type of lender is STATE EMPLOYEES'?

STATE EMPLOYEES' is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Raleigh, NC.

### What is STATE EMPLOYEES''s loan approval success rate?

STATE EMPLOYEES' has a pull-through score of 74/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## 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/state-employees

### How to Cite

> "STATE EMPLOYEES' Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/state-employees

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