Sun East Federal Credit Union Mortgage Rates, Fees & Info

Aston, PA

LEI: 254900PQLW7K91KOVU18

Tax ID: 23-1442032

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

Review & Overview

Sun East Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Sun East Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Lancaster, North Port, Allentown, and Atlantic City among others. We have data for 14 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 a low 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 about average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	4/18/24
30 Year Conventional Purchase	6.03%	4/18/24
30 Year Conventional Refi	5.92%	4/18/24
30 Year Cash-out Refi	6.69%	4/18/24
15 Year Conventional Purchase	5.68%	4/18/24
15 Year Conventional Refi	6.32%	4/18/24
15 Year Cash-out Refi	6.32%	4/18/24
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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

375

Origination Dollar Volume (All Markets)

$34,595,000

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)	331	$30,155,000	$91,103	$346	4.49%
LANCASTER, PA (FHA\|USDA\|VA)	20	$1,740,000	$87,000	$74	4.39%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$4,576	4.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	3	$445,000	$148,333	$1,082	4.09%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	5	$405,000	$81,000	$88	4.39%
SALISBURY, MD-DE (FHA\|USDA\|VA)	3	$335,000	$111,667	$177	4.48%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	2	$320,000	$160,000	$358	3.88%
DOVER, DE (FHA\|USDA\|VA)	3	$305,000	$101,667	$986	4.58%
Oil City, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,039	4.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,237	3.75%
OCALA, FL (FHA\|USDA\|VA)	1	$85,000	$85,000	$1,935	4.63%
Lock Haven, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$3,122	4.50%
OCEAN CITY, NJ (FHA\|USDA\|VA)	1	$45,000	$45,000	$1,895	4.75%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	2	$40,000	$20,000	$140	4.04%

Sun East Federal Credit Union's top markets include Philadelphia, Lancaster, North Port, Allentown, and Atlantic City among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Delaware (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Maryland (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.

Iron Workers Savings Bank
Similarity Rank: 63

Haddon Savings Bank
Similarity Rank: 116

FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
Similarity Rank: 126

ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
Similarity Rank: 135

Columbia Bank
Similarity Rank: 136

WASHINGTON SAVINGS BANK
Similarity Rank: 225

COMMUNITY POWERED
Similarity Rank: 228

Penn Community Bank
Similarity Rank: 576

Third Federal Savings and Loan Association of Cleveland
Similarity Rank: 614

ESSA Bank & Trust
Similarity Rank: 710

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	375	$34,595,000	$92,253	$376	4.47%

For 2018, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 375 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	122	$14,940,000	$122,459	$289	4.35%
Home Improvement	113	$4,725,000	$41,814	$84	4.50%
Other	91	$4,945,000	$54,341	$77	4.73%
Cash Out Refi	33	$7,315,000	$221,667	$1,033	4.00%
Home Purchase	16	$2,670,000	$166,875	$3,440	4.68%

For 2018, Sun East Federal Credit Union's most frequently cited loan purpose was Refi, with 122 originations. The 2nd most popular reason was Home Improvement, with 113 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	119	$14,355,000	$120,630	$336	4.34%
10 Year	115	$5,225,000	$45,435	$96	4.32%
20 Year	75	$9,535,000	$127,133	$122	4.99%
5 Year	35	$895,000	$25,571	$82	4.20%
30 Year	19	$3,965,000	$208,684	$4,048	4.72%
Other	10	$570,000	$57,000	$92	4.45%
3 Year	2	$50,000	$25,000	$70	3.99%

For 2018, Sun East Federal Credit Union's most frequently cited loan duration was 15 Year, with 119 originations. The 2nd most popular length was 10 Year, with 115 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	362	$31,670,000	$87,486
$1k-2k	5	$715,000	$143,000
$2k-3k	2	$170,000	$85,000
$3k-4k	2	$640,000	$320,000
$4k-5k	2	$530,000	$265,000
$5k+	1	$825,000	$825,000

Sun East Federal Credit Union's average total fees were $4,048, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 362 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	194	$15,330,000	$79,021
3-4%	114	$14,160,000	$124,211
5-6%	53	$4,345,000	$81,981
6-7%	13	$725,000	$55,769
7-8%	1	$35,000	$35,000

During 2018, Sun East Federal Credit Union's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 194 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	259	$11,545,000	$44,575	$168	4.54%
$100k-200k	70	$10,390,000	$148,429	$465	4.41%
$200k-400k	41	$10,135,000	$247,195	$940	4.19%
$400k-600k	4	$1,700,000	$425,000	$2,967	4.09%
$600k-1MM	1	$825,000	$825,000	$14,426	5.00%

2018 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 259 originations, totaling $11,545,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$75k-100k	95	$7,545,000	$79,421	$283	4.55%
$100k-150k	93	$9,435,000	$101,452	$212	4.35%
$50k-75k	81	$7,145,000	$88,210	$505	4.53%
$50k or less	57	$2,845,000	$49,912	$297	4.57%
$150k-250k	46	$6,690,000	$145,435	$669	4.36%
$250k+	3	$935,000	$311,667	$2,067	3.96%

Sun East Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 95 originations. The second most popular income band? $100k-150k, with 93 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	86	$8,050,000	$93,605	$309	4.33%
30-36%	57	$5,315,000	$93,246	$295	4.38%
50-60%	47	$4,275,000	$90,957	$683	4.54%
<20%	21	$1,355,000	$64,524	$74	4.34%
37%	15	$1,255,000	$83,667	$328	4.55%
38%	15	$1,575,000	$105,000	$205	4.61%
41%	14	$1,120,000	$80,000	$143	4.63%
36%	14	$1,150,000	$82,143	$224	4.33%
43%	13	$1,435,000	$110,385	$591	4.53%
39%	12	$720,000	$60,000	$98	5.00%
44%	12	$1,710,000	$142,500	$597	4.45%
>60%	11	$1,305,000	$118,636	$819	4.55%
46%	11	$1,045,000	$95,000	$343	4.34%
47%	10	$620,000	$62,000	$76	4.59%
42%	10	$1,030,000	$103,000	$705	4.75%
48%	8	$420,000	$52,500	$70	4.71%
45%	8	$890,000	$111,250	$456	4.66%
49%	6	$780,000	$130,000	$1,071	4.34%
40%	5	$545,000	$109,000	$740	4.50%

Sun East Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 57 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	314	$27,870,000	$88,758	$360	4.47%
Black	39	$3,535,000	$90,641	$450	4.51%
Not provided	14	$2,080,000	$148,571	$731	4.44%
Asian	6	$610,000	$101,667	$0	4.21%
Asian Indian	1	$255,000	$255,000	$0	4.00%
Other Pacific Islander	1	$245,000	$245,000	$140	4.68%

Approval Rates

Total approvals of all applications
80.00%

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

Pick Rate

Approvals leading to origination
77.33%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	375	$34,595,000	$92,253

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	375	$34,595,000	$92,253

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	80	$5,290,000	$66,125	$147	4.56%
40-60%	34	$4,290,000	$126,176	$99	4.42%
60-80%	67	$13,565,000	$202,463	$1,207	4.27%
80-100%	35	$5,905,000	$168,714	$902	4.52%
Under 20%	159	$5,545,000	$34,874	$84	4.51%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
SUN WEST MORTGAGE COMPANY, INC.	Conventional home mortgage	Trouble during payment process	1	10.0%
SUN WEST MORTGAGE COMPANY, INC.	FHA mortgage	Closing on a mortgage	1	10.0%
SUN WEST MORTGAGE COMPANY, INC.	FHA mortgage	Struggling to pay mortgage	1	10.0%
SUN WEST MORTGAGE COMPANY, INC.	FHA mortgage	Trouble during payment process	3	30.0%
SUN WEST MORTGAGE COMPANY, INC.	Other type of mortgage	Struggling to pay mortgage	2	20.0%
SUN WEST MORTGAGE COMPANY, INC.	VA mortgage	Trouble during payment process	2	20.0%