Sun East Federal Credit Union Mortgage Rates, Fees & Info
Aston, PALEI: 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, New York, Lancaster, Atlantic City, and Ocean City among others. We have data for 20 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.
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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
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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
560Origination Dollar Volume (All Markets)
$95,690,000Top 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) | 481 | $76,995,000 | $160,073 | $1,670 | 3.72% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $5,395,000 | $770,714 | $900 | 4.12% |
| LANCASTER, PA (FHA|USDA|VA) | 28 | $4,130,000 | $147,500 | $1,863 | 3.74% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $113 | 4.18% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $3,871 | 3.28% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $0 | 3.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $1,139 | 3.58% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,077 | 3.01% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 4.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,892 | 3.62% |
| DOVER, DE (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $100 | 3.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $686 | 3.91% |
| READING, PA (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $944 | 4.22% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $158 | 4.25% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $140 | 3.74% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $3,061 | 3.03% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $140 | 5.24% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.45% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.74% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 560 | $95,690,000 | $170,875 | $1,660 | 3.74% |
For 2021, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 560 originations.
Loan Reason
For 2021, Sun East Federal Credit Union's most frequently cited loan purpose was Refi, with 259 originations. The 2nd most popular reason was Other, with 97 originations.
Loan Duration/Length
For 2021, Sun East Federal Credit Union's most frequently cited loan duration was 20 Year, with 176 originations. The 2nd most popular length was 15 Year, with 151 originations.
Origination Fees/Closing Costs
Sun East Federal Credit Union's average total fees were $5,033, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 426 originations.
Interest Rates
During 2021, Sun East Federal Credit Union's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 3-4%, with 246 originations.
Loan Sizing
2021 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 234 originations, totaling $12,160,000 in origination value.
Applicant Income
Sun East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 143 originations. The second most popular income band? $50k-75k, with 134 originations.
Applicant Debt to Income Ratio
Sun East Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.81%
Sun East Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.00%
Sun East Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 560 | $95,690,000 | $170,875 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUN WEST MORTGAGE COMPANY, INC. | VA mortgage | Trouble during payment process | 4 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 12.5% |
| SUN WEST MORTGAGE COMPANY, INC. | Conventional home mortgage | Closing on a mortgage | 2 | 5.0% |
| SUN WEST MORTGAGE COMPANY, INC. | Conventional home mortgage | Trouble during payment process | 3 | 7.5% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 6 | 15.0% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Closing on a mortgage | 4 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Struggling to pay mortgage | 3 | 7.5% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Trouble during payment process | 3 | 7.5% |
| SUN WEST MORTGAGE COMPANY, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.0% |
| SUN WEST MORTGAGE COMPANY, INC. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.0% |
| SUN WEST MORTGAGE COMPANY, INC. | Reverse mortgage | Trouble during payment process | 1 | 2.5% |
| SUN WEST MORTGAGE COMPANY, INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | VA mortgage | Struggling to pay mortgage | 1 | 2.5% |