What loan types does State Employees Credit Union offer?

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

Where does State Employees Credit Union offer mortgages?

State Employees Credit Union offers mortgages in 1 states: NM.

How competitive are State Employees Credit Union's mortgage rates?

State Employees Credit Union has an overall pricing score of 29.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is State Employees Credit Union?

State Employees Credit Union is a Credit Union headquartered in Santa Fe, NM.

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State Employees Credit Union

Credit Union•Santa Fe, NMHQ•Direct•Reviews near you on Google

State Employees Credit Union has 65 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

Acceptable

2/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Single State · 2 mkts

Summary

Things to Think About

Rates typically 66 basis points above market average
Pull through efficiency is below industry average

Explore another lender or local market

Report Card

State Employees Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+66.4 bps above market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Acceptable

Bottom 40% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Single State · 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	Sound	Acceptable	Sound	65	100.0%	+0.664%Above	$904Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume65

Mix100.0%

Spread

+0.664%Above

Fees

$904Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Acceptable	—	Acceptable	22	33.8%	+0.555%Above	$1,292Fees
Refinance	Strong	Strong	—	Exceptional	43	66.2%	+0.712%Above	$732Fees

Purchase

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Acceptable

Volume22

Mix33.8%

Spread

+0.555%Above

Fees

$1,292Fees

Refinance

Overall

Strong

Product

Strong

Pricing—

Pull Through

Exceptional

Volume43

Mix66.2%

Spread

+0.712%Above

Fees

$732Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

111

Volume

$11 million

Pricing & Closing

Avg Rate Spread

+0.664%

vs. market APOR

Avg Net Fees

$904

Origination − Credits

Pullthrough Rate

58.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$179,615

Avg Borrower Income

$109,354

Avg Property Value

$338,385

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

West1

Top Metro Areas by Place Specialization Score

Santa Fe, NMMetro

Volume 30Mix 46.15% of portfolio

80/100

Exceptional

Albuquerque, NMMetro

Volume 18Mix 27.69% of portfolio

55/100

Sound

Top States by Place Specialization Score

New MexicoState

Volume 65Mix 100.00% of portfolio

72/100

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.