Sun East Federal Credit Union Mortgage Rates, Fees & Info

Aston, PA

LEI: 254900PQLW7K91KOVU18

Tax ID: 23-1442032

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Mortgage 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/16/24
30 Year Conventional Purchase 6.03% 12/16/24
30 Year Conventional Refi 5.92% 12/16/24
30 Year Cash-out Refi 6.69% 12/16/24
15 Year Conventional Purchase 5.68% 12/16/24
15 Year Conventional Refi 6.32% 12/16/24
15 Year Cash-out Refi 6.32% 12/16/24
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

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)
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    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%