Sunbelt Federal Credit Union Mortgage Rates, Fees & Info
Hattiesburg, MSLEI: 549300167EZ5P8B06R34
Tax ID: 64-0330253
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Mortgage Data
Review & Overview
Sunbelt Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Sunbelt Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Laurel, Hattiesburg, Meridian, Mccomb, and Gulfport among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Sunbelt 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.25% | 11/25/24 |
| 30 Year Conventional Refi | 6.27% | 11/25/24 |
| 30 Year Cash-out Refi | 6.27% | 11/25/24 |
| 30 Year FHA Purchase | 6.27% | 11/25/24 |
| 30 Year USDA Purchase | 7.56% | 11/25/24 |
| 15 Year Conventional Purchase | 8.53% | 11/25/24 |
| 15 Year Conventional Refi | 5.68% | 11/25/24 |
| 15 Year Cash-out Refi | 5.68% | 11/25/24 |
| 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. | ||
Sunbelt Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
69Origination Dollar Volume (All Markets)
$3,845,000Top 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 |
|---|---|---|---|---|---|
| Laurel, MS (FHA|USDA|VA) | 36 | $1,610,000 | $44,722 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 16 | $1,040,000 | $65,000 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $615,000 | $68,333 | $0 | 0.00% |
| Meridian, MS (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $3,845,000 | $55,725 | $0 | 0.00% |
For 2019, Sunbelt Federal Credit Union's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 58 | $3,320,000 | $57,241 | $0 | 0.00% |
| Home Purchase | 6 | $300,000 | $50,000 | $0 | 0.00% |
| Refi | 5 | $225,000 | $45,000 | $0 | 0.00% |
For 2019, Sunbelt Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $3,845,000 | $55,725 | $0 | 0.00% |
For 2019, Sunbelt Federal Credit Union's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 63 | $3,065,000 | $48,651 | $0 | 0.00% |
| $100k-200k | 6 | $780,000 | $130,000 | $0 | 0.00% |
2019 saw Sunbelt Federal Credit Union place emphasis on $100,000 or less loans with 63 originations, totaling $3,065,000 in origination value.
Applicant Income
Sunbelt Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $3,845,000 | $55,725 | $0 | 0.00% |
Sunbelt Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $2,605,000 | $57,889 | $0 | 0.00% |
| Black | 24 | $1,240,000 | $51,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.55%
Sunbelt Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination43.48%
Sunbelt Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $3,845,000 | $55,725 |