Sun East Federal Credit Union Mortgage Rates, Fees & Info

Aston, PA

LEI: 254900PQLW7K91KOVU18

Tax ID: 23-1442032

5 stars - Updated: 3/28/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Sun East Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Sun East Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Lancaster, Pittsburgh, New York, and Atlantic City among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sun East Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sun East Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.03% 3/28/24
30 Year Conventional Refi 5.92% 3/28/24
30 Year Cash-out Refi 6.69% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 6.32% 3/28/24
15 Year Cash-out Refi 6.32% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Sun East Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Sun East Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

522

Origination Dollar Volume (All Markets)

$63,750,000

Awards

Sun East Federal Credit Union 30 Year Conventional Loans silver Sun East Federal Credit Union 30 Year Conventional Loans gold Sun East Federal Credit Union 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Sun East Federal Credit Union's average 30 year fixed mortgage rate was 5.95%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.53%.

Relative Fees (Closing Costs)

Sun East Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,335.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 455 $51,755,000 $113,747 $1,077 5.59%
Outside of Metro Areas 2 $2,600,000 $1,300,000 $0 7.25%
LANCASTER, PA (FHA|USDA|VA) 20 $2,060,000 $103,000 $581 5.19%
PITTSBURGH, PA (FHA|USDA|VA) 3 $1,385,000 $461,667 $50 7.08%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $1,350,000 $168,750 $1,001 6.23%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $795,000 $113,571 $632 6.37%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 2.99%
DOVER, DE (FHA|USDA|VA) 4 $480,000 $120,000 $1,192 6.02%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $415,000 $138,333 $988 7.33%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $405,000 $135,000 $5,115 5.35%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $340,000 $170,000 $1,957 6.70%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $310,000 $155,000 $0 2.99%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,215 4.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,944 5.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $205,000 $68,333 $0 5.91%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $160,000 $80,000 $3,026 4.38%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.99%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,141 5.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.49%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.24%
Sun East Federal Credit Union's top markets include Philadelphia, Lancaster, Pittsburgh, New York, and Atlantic City among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Sun East Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
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    Dover Federal Credit Union
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    Financial Freedom Mortgage, LLC
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    FRANKLIN MINT
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    FREEDOM CREDIT UNION
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    FEDERATED LENDING CORPORATION
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 299 $40,535,000 $135,569 $1,089 7.18%
    HELOC 223 $23,215,000 $104,103 n/a 3.49%

    For 2023, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 299 originations. Their 2nd most popular type was HELOC, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 197 $16,425,000 $83,376 $16 5.86%
    Home Improvement 171 $13,515,000 $79,035 $13 5.13%
    Refi 83 $10,895,000 $131,265 $452 5.51%
    Home Purchase 47 $13,295,000 $282,872 $5,396 6.00%
    Cash Out Refi 24 $9,620,000 $400,833 $5,049 6.51%

    For 2023, Sun East Federal Credit Union's most frequently cited loan purpose was Other, with 197 originations. The 2nd most popular reason was Home Improvement, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 313 $32,545,000 $103,978 $132 4.71%
    10 Year 76 $4,170,000 $54,868 $75 7.42%
    30 Year 54 $14,840,000 $274,815 $5,335 5.95%
    15 Year 53 $11,305,000 $213,302 $128 7.18%
    5 Year 24 $780,000 $32,500 $0 7.16%
    Other 2 $110,000 $55,000 $50 7.49%

    For 2023, Sun East Federal Credit Union's most frequently cited loan duration was 20 Year, with 313 originations. The 2nd most popular length was 10 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 251 $25,225,000 $100,498
    $2k-3k 9 $1,865,000 $207,222
    $1k-2k 7 $1,155,000 $165,000
    $5k+ 5 $1,895,000 $379,000
    $3k-4k 4 $1,270,000 $317,500
    $4k-5k 2 $730,000 $365,000

    Sun East Federal Credit Union's average total fees were $5,335, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 251 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 167 $16,765,000 $100,389
    7-8% 131 $15,105,000 $115,305
    6-7% 88 $13,810,000 $156,932
    4-5% 66 $9,330,000 $141,364
    Over 8% 48 $3,510,000 $73,125
    5-6% 22 $5,230,000 $237,727

    During 2023, Sun East Federal Credit Union's average interest rate for loans was 5.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 305 $16,065,000 $52,672 $77 5.75%
    $100k-200k 129 $17,335,000 $134,380 $1,080 5.52%
    $200k-400k 72 $18,180,000 $252,500 $4,028 5.08%
    $400k-600k 7 $3,555,000 $507,857 $7,464 5.09%
    $600k-1MM 5 $3,635,000 $727,000 $10,126 6.46%
    $1MM+ 4 $4,980,000 $1,245,000 $0 7.19%

    2023 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 305 originations, totaling $16,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 152 $15,830,000 $104,145 $945 5.33%
    $150k-250k 106 $14,820,000 $139,811 $1,662 5.56%
    $75k-100k 100 $9,560,000 $95,600 $979 5.87%
    $50k-75k 77 $6,655,000 $86,429 $1,024 5.77%
    $50k or less 33 $2,195,000 $66,515 $706 5.80%
    $250k+ 32 $6,330,000 $197,813 $1,098 5.26%

    Sun East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 152 originations. The second most popular income band? $150k-250k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 86 $8,840,000 $102,791 $937 5.59%
    20-30% 85 $7,935,000 $93,353 $799 5.96%
    50-60% 69 $8,555,000 $123,986 $1,442 5.25%
    38% 26 $2,670,000 $102,692 $542 5.62%
    <20% 24 $2,170,000 $90,417 $28 5.31%
    42% 22 $3,460,000 $157,273 $2,730 6.12%
    39% 21 $1,925,000 $91,667 $1,462 5.35%
    45% 19 $1,725,000 $90,789 $346 5.36%
    43% 19 $3,045,000 $160,263 $1,105 5.97%
    40% 18 $1,860,000 $103,333 $2,320 6.00%
    41% 18 $1,810,000 $100,556 $445 5.72%
    49% 17 $1,425,000 $83,824 $695 5.54%
    37% 16 $2,380,000 $148,750 $2,056 4.73%
    47% 15 $1,725,000 $115,000 $1,637 5.36%
    44% 14 $1,880,000 $134,286 $1,097 5.76%
    36% 13 $1,595,000 $122,692 $591 5.52%
    46% 11 $1,505,000 $136,818 $1,277 4.32%
    48% 8 $870,000 $108,750 $33 5.02%
    >60% 4 $330,000 $82,500 $0 5.68%

    Sun East Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 86 originations. The next most common DTI ratio? 20-30%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 379 $41,485,000 $109,459 $982 5.61%
    Not applicable 16 $7,900,000 $493,750 $0 6.84%
    Not provided 44 $6,560,000 $149,091 $1,758 5.49%
    Black 68 $5,460,000 $80,294 $682 5.39%
    Asian 11 $2,115,000 $192,273 $4,906 5.30%
    American Indian 2 $110,000 $55,000 $0 7.82%
    Other Asian 1 $75,000 $75,000 $0 2.99%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 7.99%

    Approval Rates

    Total approvals of all applications
    77.17%

    Sun East Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.84%

    Sun East Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 522 $63,750,000 $122,126

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    522 $63,750,000 $122,126

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 157 $18,205,000 $115,955 $190 5.58%
    40-60% 38 $6,180,000 $162,632 $1,726 5.20%
    60-80% 54 $17,300,000 $320,370 $4,436 5.99%
    80-100% 34 $8,640,000 $254,118 $4,327 5.78%
    Under 20% 239 $13,425,000 $56,172 $7 5.58%