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State Employees Credit Union of Maryland

Credit Union•Linthicum, MDHQ•Direct•Reviews near you on Google

We analyzed every closed loan from State Employees Credit Union of Maryland — 767 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · Jumbo
Place
Strong
4/5
Multi-Region · 7 mkts
Safe Rate Awards
Jumbo Champion
Jumbo
Champion
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 36.40 basis points below market average
  • Lower than average lender fees
  • Particularly strong in Conventional and FHA and Jumbo loans

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Report Card

State Employees Credit Union of Maryland performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 36.4 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
Jumbo
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 8 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume594
Mix77.4%
Spread
-0.355%Below
Fees
$1,262Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Sound
Volume60
Mix7.8%
Spread
+0.442%Above
Fees
$1,982Fees
Jumbo Loans
Overall
Exceptional
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume108
Mix14.1%
Spread
-0.820%Below
Fees
$286Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Sound
Volume582
Mix75.9%
Spread
-0.365%Below
Fees
$1,403Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Sound
Volume185
Mix24.1%
Spread
-0.359%Below
Fees
$521Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
767
Applications
1,171
Volume
$383 million
Pricing & Closing
Avg Rate Spread
-0.364%
vs. market APOR
Avg Net Fees
$1,188
Origination − Credits
Pullthrough Rate
65.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$500,359
Avg Borrower Income
$206,089
Avg Property Value
$667,073

Geographic Coverage

Geographic Performance

Metro Areas
7
markets with activity
States Served
6
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

6
6 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
PA
South5
DCDEMDVAWV

Top Metro Areas by Place Specialization Score

1© Andrew Parlette from Elkridge,MD, US · CC BY 2.0
Baltimore, MDMetro
Volume 344Mix 44.85% of portfolio
85/100
Exceptional
2© Preservation Maryland · CC BY-SA 2.0
Frederick, MDMetro
Volume 123Mix 16.04% of portfolio
81/100
Exceptional
3© Eric Fischer · CC BY 2.0
Salisbury, MDMetro
Volume 35Mix 4.56% of portfolio
81/100
Exceptional
4© Ad Meskens · CC BY-SA 3.0
Washington, DC, DC-MDMetro
Volume 63Mix 8.21% of portfolio
69/100
Strong
5© Billy Hathorn · CC BY-SA 3.0
Arlington, VA-WVMetro
Volume 72Mix 9.39% of portfolio
64/100
Strong
6© Vpuliva · Public domain
Hagerstown, MD-WVMetro
Volume 20Mix 2.61% of portfolio
54/100
Sound
7© Dough4872 · Public domain
Montgomery County, PAMetro
Volume 12Mix 1.56% of portfolio
42/100
Sound

Top States by Place Specialization Score

Maryland
Maryland
1
MarylandState
Volume 609Mix 79.40% of portfolio
86/100
Exceptional
Virginia
Virginia
2
VirginiaState
Volume 81Mix 10.56% of portfolio
62/100
Strong
Washington, DC
Washington, DC
3
Washington, DCState
Volume 22Mix 2.87% of portfolio
54/100
Sound
Pennsylvania
Pennsylvania
4
PennsylvaniaState
Volume 30Mix 3.91% of portfolio
48/100
Sound
Delaware
Delaware
5
DelawareState
Volume 16Mix 2.09% of portfolio
46/100
Sound

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.