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 Home Improvement and Refi loans. Sun East Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Lancaster, New York, Atlantic City, and Salisbury among others. We have data for 16 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% 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

    537

    Origination Dollar Volume (All Markets)

    $61,585,000

    Awards

    Sun East Federal Credit Union 30 Year Conventional Loans gold
    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) 459 $51,905,000 $113,083 $642 4.04%
    LANCASTER, PA (FHA|USDA|VA) 25 $2,415,000 $96,600 $665 3.80%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 11 $2,155,000 $195,909 $28 3.79%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $905,000 $181,000 $3,360 3.86%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $825,000 $165,000 $2,550 4.64%
    DOVER, DE (FHA|USDA|VA) 5 $785,000 $157,000 $2,516 3.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $600,000 $150,000 $962 3.94%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $585,000 $83,571 $1,848 4.87%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $490,000 $122,500 $1,489 4.90%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,848 4.50%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $160,000 $80,000 $1,774 4.11%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $160,000 $40,000 $0 3.62%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $0 1.99%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 3.62%
    Lock Haven, PA (FHA|USDA|VA) 1 $95,000 $95,000 $330 3.90%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.70%
    Sun East Federal Credit Union's top markets include Philadelphia, Lancaster, New York, Atlantic City, and Salisbury among others.

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

    Malvern Bank N.A.
    Similarity Rank: 441
    Penn Community Bank
    Similarity Rank: 572
    Investors Bank
    Similarity Rank: 630
    Columbia Bank
    Similarity Rank: 676
    Dover Federal Credit Union
    Similarity Rank: 756
    FEDERATED LENDING CORPORATION
    Similarity Rank: 880
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 965
    BENCHMARK Federal Credit Union
    Similarity Rank: 1394
    Diamond Credit Union
    Similarity Rank: 1410
    SOUTH JERSEY
    Similarity Rank: 1503

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 329 $41,435,000 $125,942 $730 5.30%
    HELOC 208 $20,150,000 $96,875 n/a 2.05%

    For 2022, Sun East Federal Credit Union's most frequently originated type of loan was Conventional, with 329 originations. Their 2nd most popular type was HELOC, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 224 $17,470,000 $77,991 $67 3.75%
    Other 150 $12,270,000 $81,800 $28 4.19%
    Refi 105 $13,975,000 $133,095 $494 4.05%
    Cash Out Refi 31 $11,035,000 $355,968 $4,658 4.76%
    Home Purchase 27 $6,835,000 $253,148 $4,212 4.72%

    For 2022, Sun East Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 224 originations. The 2nd most popular reason was Other, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 317 $33,165,000 $104,621 $260 3.24%
    10 Year 85 $4,365,000 $51,353 $50 5.50%
    15 Year 57 $11,435,000 $200,614 $584 5.25%
    30 Year 39 $10,725,000 $275,000 $4,372 4.75%
    5 Year 32 $1,300,000 $40,625 $14 5.06%
    Other 7 $595,000 $85,000 $43 4.06%

    For 2022, Sun East Federal Credit Union's most frequently cited loan duration was 20 Year, with 317 originations. The 2nd most popular length was 10 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 293 $29,285,000 $99,949
    $1k-2k 9 $1,485,000 $165,000
    $2k-3k 3 $565,000 $188,333
    $5k+ 3 $715,000 $238,333
    $3k-4k 2 $530,000 $265,000
    $4k-5k 1 $435,000 $435,000

    Sun East Federal Credit Union's average total fees were $4,372, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 293 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 197 $18,985,000 $96,371
    5-6% 85 $8,465,000 $99,588
    3-4% 74 $14,860,000 $200,811
    4-5% 68 $8,660,000 $127,353
    6-7% 51 $4,005,000 $78,529
    7-8% 40 $4,320,000 $108,000
    2.5-3% 16 $1,910,000 $119,375
    Over 8% 6 $380,000 $63,333

    During 2022, Sun East Federal Credit Union's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was <2.5%, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 332 $17,000,000 $51,205 $85 4.17%
    $100k-200k 124 $17,000,000 $137,097 $838 3.79%
    $200k-400k 69 $17,675,000 $256,159 $3,076 3.69%
    $400k-600k 7 $3,485,000 $497,857 $4,890 5.17%
    $1MM+ 3 $4,905,000 $1,635,000 $4,957 5.00%
    $600k-1MM 2 $1,520,000 $760,000 $0 4.35%

    2022 saw Sun East Federal Credit Union place emphasis on $100,000 or less loans with 332 originations, totaling $17,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 124 $11,760,000 $94,839 $390 3.86%
    $150k-250k 115 $14,015,000 $121,870 $692 3.85%
    $50k-75k 102 $9,020,000 $88,431 $820 3.98%
    $75k-100k 90 $8,940,000 $99,333 $1,236 4.42%
    $50k or less 56 $3,840,000 $68,571 $408 4.47%
    $250k+ 28 $5,180,000 $185,000 $985 3.36%

    Sun East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $150k-250k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 102 $10,090,000 $98,922 $1,098 4.03%
    50-60% 99 $9,755,000 $98,535 $169 3.81%
    20-30% 91 $9,285,000 $102,033 $676 4.18%
    <20% 37 $2,885,000 $77,973 $151 3.47%
    40% 21 $2,145,000 $102,143 $270 4.05%
    >60% 17 $1,855,000 $109,118 $519 4.06%
    44% 17 $1,905,000 $112,059 $1,815 4.37%
    37% 15 $2,045,000 $136,333 $1,700 4.24%
    38% 14 $1,430,000 $102,143 $1,110 4.72%
    43% 14 $1,410,000 $100,714 $625 3.51%
    49% 13 $2,195,000 $168,846 $1,724 3.13%
    47% 12 $1,330,000 $110,833 $404 4.11%
    41% 12 $970,000 $80,833 $380 4.43%
    42% 12 $1,220,000 $101,667 $1,569 4.23%
    45% 10 $910,000 $91,000 $724 4.44%
    39% 9 $925,000 $102,778 $0 3.99%
    46% 9 $955,000 $106,111 $1,065 4.55%
    48% 8 $1,260,000 $157,500 $1,208 3.47%
    36% 8 $660,000 $82,500 $0 4.80%

    Sun East Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 102 originations. The next most common DTI ratio? 50-60%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 403 $42,335,000 $105,050 $678 3.94%
    Not applicable 17 $8,355,000 $491,471 $0 4.89%
    Black 77 $5,685,000 $73,831 $754 4.27%
    Not provided 31 $3,735,000 $120,484 $1,364 4.14%
    Asian 7 $1,305,000 $186,429 $760 4.62%
    American Indian 2 $170,000 $85,000 $0 4.06%

    Approval Rates

    Total approvals of all applications
    75.80%

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

    Pick Rate

    Approvals leading to origination
    82.12%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 537 $61,585,000 $114,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    537 $61,585,000 $114,683

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 147 $16,445,000 $111,871 $24 3.69%
    40-60% 53 $8,935,000 $168,585 $849 3.58%
    60-80% 54 $16,010,000 $296,481 $3,343 4.28%
    80-100% 37 $8,095,000 $218,784 $2,783 4.24%
    Under 20% 246 $12,100,000 $49,187 $21 4.26%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. Reverse mortgage Trouble during payment process 1 100.0%