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SPACE COAST CREDIT UNION
Credit Union|Melbourne, FL|Single State
Loans Originated
1,012
Applications
1,879
Volume
$421 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.120%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$451
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
53.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 12.00 basis points below market average
- Lower than average lender fees
- Particularly strong in Conventional and Jumbo loans
Report Card
SPACE COAST CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Single State · 12 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$416,047
Average Borrower Income
$186,631
Average Property Value
$599,842
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Sound | 933 | 92.2% | -0.125% | $399 |
FHA Loans | Sound | Sound | N/A | Sound | 15 | 1.5% | +0.836% | $1,893 |
Jumbo Loans | Strong | Strong | Exceptional | Sound | 60 | 5.9% | -0.409% | $976 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Sound | 811 | 80.1% | -0.156% | $451 |
Refinance | Strong | Strong | Strong | Sound | 201 | 19.9% | +0.015% | $451 |
Geographic Coverage
Metro Areas
12
States Served
1
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
FL
Top Metro Areas by Place Specialization Score
1
Palm Bay, FLMSA
Volume: 458Mix: 45.26%
Place Specialization
Exceptional
2
Deltona, FLMSA
Volume: 97Mix: 9.58%
Place Specialization
Strong
3
Sebastian, FLMSA
Volume: 34Mix: 3.36%
Place Specialization
Strong
4
Fort Lauderdale, FLMSA
Volume: 94Mix: 9.29%
Place Specialization
Strong
5
Miami, FLMSA
Volume: 83Mix: 8.20%
Place Specialization
Strong
6
Orlando, FLMSA
Volume: 77Mix: 7.61%
Place Specialization
Strong
7
Naples, FLMSA
Volume: 24Mix: 2.37%
Place Specialization
Strong
8
West Palm Beach, FLMSA
Volume: 33Mix: 3.26%
Place Specialization
Sound
9
Port St. Lucie, FL, FLMSA
Volume: 21Mix: 2.08%
Place Specialization
Sound
10
Jacksonville, FL, FLMSA
Volume: 25Mix: 2.47%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 1,012Mix: 100.00%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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