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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sun East Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, 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, Ocean City, Lancaster, Atlantic City, and East Stroudsburg among others. We have data for 12 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% 4/14/24
    30 Year Conventional Purchase 6.03% 4/14/24
    30 Year Conventional Refi 5.92% 4/14/24
    30 Year Cash-out Refi 6.69% 4/14/24
    15 Year Conventional Purchase 5.68% 4/14/24
    15 Year Conventional Refi 6.32% 4/14/24
    15 Year Cash-out Refi 6.32% 4/14/24
    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

    410

    Origination Dollar Volume (All Markets)

    $38,920,000

    Awards

    Sun East Federal Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 386 $36,860,000 $95,492 $1,153 4.88%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $500,000 $250,000 $3,875 3.25%
    LANCASTER, PA (FHA|USDA|VA) 9 $415,000 $46,111 $59 5.57%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $375,000 $125,000 $2,199 5.04%
    Outside of Metro Areas 1 $165,000 $165,000 $5,669 5.13%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $140,000 $70,000 $70 5.18%
    Sunbury, PA (FHA|USDA|VA) 1 $85,000 $85,000 $140 5.55%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $75,000 $75,000 $225 5.99%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $140 4.61%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $45,000 $45,000 $140 4.89%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $45,000 $45,000 $200 6.00%
    Sun East Federal Credit Union's top markets include Philadelphia, Ocean City, Lancaster, Atlantic City, and East Stroudsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (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.

    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Columbia Bank
    Similarity Rank: 440
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 1026
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 410 $38,920,000 $94,927 $1,138 4.90%

    For 2019, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 410 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 125 $7,495,000 $59,960 $120 5.47%
    Home Improvement 105 $4,655,000 $44,333 $110 5.29%
    Refi 88 $9,810,000 $111,477 $868 4.75%
    Home Purchase 48 $8,480,000 $176,667 $3,832 3.94%
    Cash Out Refi 44 $8,480,000 $192,727 $4,082 3.67%

    For 2019, Sun East Federal Credit Union's most frequently cited loan purpose was Other, with 125 originations. The 2nd most popular reason was Home Improvement, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 138 $6,780,000 $49,130 $246 5.22%
    20 Year 100 $10,660,000 $106,600 $558 5.27%
    30 Year 65 $11,815,000 $181,769 $4,035 4.01%
    15 Year 61 $7,995,000 $131,066 $1,802 4.36%
    5 Year 35 $945,000 $27,000 $88 5.04%
    Other 11 $725,000 $65,909 $138 5.29%

    For 2019, Sun East Federal Credit Union's most frequently cited loan duration was 10 Year, with 138 originations. The 2nd most popular length was 20 Year, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 344 $25,740,000 $74,826
    $1k-2k 37 $6,115,000 $165,270
    $2k-3k 19 $4,415,000 $232,368
    $3k-4k 6 $1,330,000 $221,667
    $4k-5k 4 $1,320,000 $330,000

    Sun East Federal Credit Union's average total fees were $4,035, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 169 $14,585,000 $86,302
    5-6% 129 $8,565,000 $66,395
    3-4% 60 $10,760,000 $179,333
    6-7% 25 $1,235,000 $49,400
    2.5-3% 20 $3,600,000 $180,000
    7-8% 7 $175,000 $25,000

    During 2019, Sun East Federal Credit Union's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 4-5%, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 268 $12,210,000 $45,560 $307 5.25%
    $100k-200k 95 $13,895,000 $146,263 $1,962 4.41%
    $200k-400k 47 $12,815,000 $272,660 $4,211 3.86%

    2019 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 268 originations, totaling $12,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 93 $9,835,000 $105,753 $1,362 4.79%
    $50k-75k 90 $8,330,000 $92,556 $1,138 4.81%
    $50k or less 88 $5,840,000 $66,364 $986 4.88%
    $100k-150k 87 $9,105,000 $104,655 $1,098 5.02%
    $150k-250k 46 $4,800,000 $104,348 $1,059 5.09%
    $250k+ 5 $665,000 $133,000 $140 5.42%

    Sun East Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 93 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 80 $7,900,000 $98,750 $1,196 4.94%
    20-30% 64 $5,280,000 $82,500 $963 4.94%
    50-60% 57 $4,605,000 $80,789 $626 5.15%
    <20% 30 $2,230,000 $74,333 $1,007 4.56%
    41% 20 $2,090,000 $104,500 $1,316 4.60%
    47% 16 $1,440,000 $90,000 $1,045 4.97%
    >60% 15 $1,145,000 $76,333 $226 4.93%
    42% 14 $1,270,000 $90,714 $1,175 4.97%
    40% 14 $1,730,000 $123,571 $2,098 4.62%
    37% 13 $1,255,000 $96,538 $793 5.03%
    45% 12 $1,030,000 $85,833 $1,372 5.23%
    48% 12 $1,850,000 $154,167 $1,851 4.81%
    46% 10 $970,000 $97,000 $1,818 4.61%
    38% 10 $1,380,000 $138,000 $2,083 4.39%
    43% 9 $1,285,000 $142,778 $3,057 4.04%
    49% 9 $945,000 $105,000 $1,350 4.93%
    39% 9 $745,000 $82,778 $947 4.97%
    36% 8 $1,000,000 $125,000 $1,232 5.45%
    44% 8 $770,000 $96,250 $631 5.36%

    Sun East Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 80 originations. The next most common DTI ratio? 20-30%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 338 $31,220,000 $92,367 $1,050 4.92%
    Black 63 $6,505,000 $103,254 $1,454 4.86%
    Not provided 6 $780,000 $130,000 $2,722 4.10%
    Asian 2 $320,000 $160,000 $1,822 4.46%
    Native Hawaiian or Islander 1 $95,000 $95,000 $140 4.89%

    Approval Rates

    Total approvals of all applications
    84.84%

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

    Pick Rate

    Approvals leading to origination
    85.37%

    Sun East Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 410 $38,920,000 $94,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 409 $38,855,000 $95,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $6,280,000 $71,364 $407 5.13%
    40-60% 47 $5,635,000 $119,894 $1,293 4.44%
    60-80% 72 $12,520,000 $173,889 $2,861 4.18%
    80-100% 49 $9,075,000 $185,204 $3,013 4.32%
    Under 20% 154 $5,410,000 $35,130 $106 5.43%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Trouble during payment process 4 50.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Trouble during payment process 2 25.0%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Closing on a mortgage 1 12.5%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Struggling to pay mortgage 1 12.5%