What loan types does Sound Credit Union offer?

Sound Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Sound Credit Union offer mortgages?

Sound Credit Union offers mortgages in 2 states: ID, WA.

How competitive are Sound Credit Union's mortgage rates?

Sound Credit Union has an overall pricing score of 79.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Sound Credit Union?

Sound Credit Union is a Credit Union headquartered in Tacoma, WA.

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Sound Credit Union

Credit Union•Tacoma, WAHQ•Direct•Reviews near you on Google

Sound Credit Union has 122 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Strong

4/5

Regional · 2 mkts

Summary

What They Do Well

Offers rates 18.70 basis points below market average
Lower than average lender fees

Explore another lender or local market

Report Card

Sound Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

Rates 18.7 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Acceptable

Bottom 40% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Strong	Sound	109	89.3%	-0.131%Below	$1,558Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Sound

Volume109

Mix89.3%

Spread

-0.131%Below

Fees

$1,558Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Exceptional	Sound	80	65.6%	-0.296%Below	$1,827Fees
Refinance	Sound	Sound	Strong	Sound	42	34.4%	+0.016%Above	$1,195Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Sound

Volume80

Mix65.6%

Spread

-0.296%Below

Fees

$1,827Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume42

Mix34.4%

Spread

+0.016%Above

Fees

$1,195Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

122

Applications

161

Volume

$52 million

Pricing & Closing

Avg Rate Spread

-0.187%

vs. market APOR

Avg Net Fees

$1,606

Origination − Credits

Pullthrough Rate

75.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$430,984

Avg Borrower Income

$156,262

Avg Property Value

$673,361

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

West2

IDWA

Top Metro Areas by Place Specialization Score

Tacoma, WAMetro

Volume 46Mix 37.70% of portfolio

72/100

Strong

Seattle, WAMetro

Volume 42Mix 34.43% of portfolio

65/100

Strong

Top States by Place Specialization Score

WashingtonState

Volume 121Mix 99.18% of portfolio

74/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.