# SRP Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/srp-federal-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

SRP Federal Credit Union is a credit union, headquartered in North Augusta, SC, serving borrowers across 2 states, with 265 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 47% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 24% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300K80E72C24ZOJ37
- **Headquarters:** North Augusta, SC
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** GA, SC
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.180%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,947
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 265
- **Dollar Volume:** $64 million
- **Applications Received:** 349
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $240,736
- **Average Borrower Income:** $110,283

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 236 | -0.225% | $2,922 | Strong 😀 |
| FHA | 57/100 | 24 | +0.320% | $3,337 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 166 loans, Score: 59/100 (Sound)
- Refinance: 70 loans, Score: 67/100 (Strong)

**FHA:**
- Purchase: 24 loans, Score: 57/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 194 | $48M | -0.186% | Sound ☺️ |
| Refinance | 63/100 | 71 | $15M | -0.166% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SC | 176 | 0.22% | 77/100 |
| GA | 89 | 0.06% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Augusta | GA-SC | 227 | 98/100 |
| Non |  | 18 | 30/100 |

## Frequently Asked Questions

### What loan types does SRP Federal Credit Union offer?

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

### Where does SRP Federal Credit Union offer mortgages?

SRP Federal Credit Union offers mortgages in 2 states: GA, SC.

### How competitive are SRP Federal Credit Union's mortgage rates?

SRP Federal Credit Union has a pricing score of 53/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.180% below market average.

### What type of lender is SRP Federal Credit Union?

SRP Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in North Augusta, SC.

### What is SRP Federal Credit Union's loan approval success rate?

SRP Federal Credit Union has a pull-through score of 76/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/srp-federal-credit-union

### How to Cite

> "SRP Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/srp-federal-credit-union

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