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 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, Ocean City, Dover, and Atlantic City among others. We have data for 18 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 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% 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

    430

    Origination Dollar Volume (All Markets)

    $63,670,000

    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) 370 $54,180,000 $146,432 $2,241 3.86%
    LANCASTER, PA (FHA|USDA|VA) 22 $2,710,000 $123,182 $1,225 4.31%
    OCEAN CITY, NJ (FHA|USDA|VA) 7 $1,665,000 $237,857 $2,480 3.35%
    DOVER, DE (FHA|USDA|VA) 5 $1,175,000 $235,000 $4,718 3.23%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,956 2.75%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $910,000 $227,500 $3,234 3.15%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $535,000 $178,333 $1,519 4.24%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $375,000 $125,000 $994 4.01%
    LEBANON, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,613 2.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $270,000 $135,000 $1,268 3.62%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,795 2.63%
    Sunbury, PA (FHA|USDA|VA) 1 $95,000 $95,000 $140 3.49%
    Outside of Metro Areas 1 $75,000 $75,000 $2,955 2.88%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $75,000 $75,000 $2,718 2.50%
    Lewisburg, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,437 3.88%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $45,000 $45,000 $140 4.49%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $45,000 $45,000 $140 4.37%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $25,000 $25,000 $140 4.69%
    Sun East Federal Credit Union's top markets include Philadelphia, Lancaster, Ocean City, Dover, 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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1978

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 430 $63,670,000 $148,070 $2,225 3.85%

    For 2020, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 430 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 181 $32,425,000 $179,144 $2,274 3.52%
    Cash Out Refi 83 $17,985,000 $216,687 $5,003 3.02%
    Home Improvement 76 $4,790,000 $63,026 $159 4.64%
    Other 68 $4,010,000 $58,971 $153 5.05%
    Home Purchase 22 $4,460,000 $202,727 $4,888 3.19%

    For 2020, Sun East Federal Credit Union's most frequently cited loan purpose was Refi, with 181 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 122 $21,720,000 $178,033 $2,779 3.24%
    20 Year 110 $15,970,000 $145,182 $1,135 4.40%
    10 Year 89 $5,105,000 $57,360 $528 4.59%
    30 Year 75 $17,385,000 $231,800 $5,270 3.20%
    5 Year 20 $700,000 $35,000 $150 3.90%
    Other 13 $2,755,000 $211,923 $3,663 3.52%
    3 Year 1 $35,000 $35,000 $140 3.24%

    For 2020, Sun East Federal Credit Union's most frequently cited loan duration was 15 Year, with 122 originations. The 2nd most popular length was 20 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 300 $33,160,000 $110,533
    $1k-2k 58 $11,600,000 $200,000
    $2k-3k 33 $6,985,000 $211,667
    $3k-4k 16 $3,730,000 $233,125
    $4k-5k 14 $4,080,000 $291,429
    $5k+ 9 $4,115,000 $457,222

    Sun East Federal Credit Union's average total fees were $5,270, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 117 $18,665,000 $159,530
    2.5-3% 104 $22,070,000 $212,212
    4-5% 102 $9,540,000 $93,529
    5-6% 57 $3,455,000 $60,614
    <2.5% 40 $9,540,000 $238,500
    6-7% 8 $320,000 $40,000
    7-8% 2 $80,000 $40,000

    During 2020, Sun East Federal Credit Union's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 178 $9,040,000 $50,787 $495 4.61%
    $100k-200k 127 $18,895,000 $148,780 $2,288 3.50%
    $200k-400k 117 $31,425,000 $268,590 $4,308 3.11%
    $400k-600k 6 $2,850,000 $475,000 $8,001 2.98%
    $600k-1MM 2 $1,460,000 $730,000 $13,143 3.00%

    2020 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 178 originations, totaling $9,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 112 $18,770,000 $167,589 $2,673 3.69%
    $75k-100k 91 $13,415,000 $147,418 $2,187 3.85%
    $50k-75k 89 $10,015,000 $112,528 $1,702 4.03%
    $150k-250k 67 $12,405,000 $185,149 $2,552 3.93%
    $50k or less 63 $5,835,000 $92,619 $1,470 3.84%
    $250k+ 8 $3,230,000 $403,750 $5,433 3.30%

    Sun East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $75k-100k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 94 $14,850,000 $157,979 $2,273 3.66%
    30-36% 72 $11,990,000 $166,528 $2,612 3.85%
    50-60% 39 $4,035,000 $103,462 $368 4.64%
    <20% 33 $4,135,000 $125,303 $1,823 3.70%
    40% 22 $3,750,000 $170,455 $3,201 3.83%
    42% 19 $2,785,000 $146,579 $2,725 3.73%
    41% 17 $2,155,000 $126,765 $1,637 4.11%
    44% 16 $3,330,000 $208,125 $3,337 3.08%
    43% 15 $2,225,000 $148,333 $3,011 3.77%
    37% 14 $1,760,000 $125,714 $1,970 3.62%
    45% 14 $2,370,000 $169,286 $2,924 4.01%
    38% 13 $2,055,000 $158,077 $2,457 3.74%
    36% 12 $2,030,000 $169,167 $2,684 3.57%
    39% 11 $1,915,000 $174,091 $3,236 3.28%
    47% 10 $980,000 $98,000 $1,997 4.30%
    49% 9 $755,000 $83,889 $1,207 4.50%
    48% 7 $815,000 $116,429 $1,622 3.87%
    46% 7 $1,045,000 $149,286 $2,476 3.64%
    >60% 6 $690,000 $115,000 $725 4.85%

    Sun East Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 355 $53,245,000 $149,986 $2,211 3.86%
    Black 49 $5,485,000 $111,939 $1,826 4.09%
    Not provided 12 $2,800,000 $233,333 $4,286 2.74%
    Asian 11 $1,585,000 $144,091 $1,888 3.79%
    Asian Indian 1 $305,000 $305,000 $6,053 2.38%
    American Indian 2 $250,000 $125,000 $2,099 3.81%

    Approval Rates

    Total approvals of all applications
    87.18%

    Sun East Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.58%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 430 $63,670,000 $148,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 430 $63,670,000 $148,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $7,020,000 $97,500 $1,039 4.26%
    40-60% 77 $12,805,000 $166,299 $2,548 3.27%
    60-80% 125 $29,325,000 $234,600 $4,386 3.14%
    80-100% 52 $10,250,000 $197,115 $2,277 3.68%
    Under 20% 104 $4,270,000 $41,058 $187 4.92%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Closing on a mortgage 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 13.0%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Closing on a mortgage 4 17.4%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Incorrect information on your report 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Trouble during payment process 2 8.7%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Closing on a mortgage 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Struggling to pay mortgage 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Trouble during payment process 4 17.4%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Closing on a mortgage 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.3%
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 4 17.4%