Sunbelt Federal Credit Union Mortgage Rates, Fees & Info
Hattiesburg, MSLEI: 549300167EZ5P8B06R34
Tax ID: 64-0330253
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Sunbelt Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Other loans. Sunbelt Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hattiesburg, Gulfport, Laurel, and Mccomb among others. We have data for 5 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.25% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 7.56% | 11/22/24 |
| 15 Year Conventional Purchase | 8.53% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Sunbelt 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
15Origination Dollar Volume (All Markets)
$1,045,000Top 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 |
|---|---|---|---|---|---|
| HATTIESBURG, MS (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $375,000 | $75,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $1,045,000 | $69,667 | $0 | 0.00% |
For 2021, Sunbelt Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
For 2021, Sunbelt Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 7 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $1,045,000 | $69,667 | $0 | 0.00% |
For 2021, Sunbelt Federal Credit Union's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 13 | $835,000 | $64,231 | $0 | 0.00% |
| $100k-200k | 2 | $210,000 | $105,000 | $0 | 0.00% |
2021 saw Sunbelt Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $835,000 in origination value.
Applicant Income
Sunbelt Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 15 | $1,045,000 | $69,667 | $0 | 0.00% |
Sunbelt Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $975,000 | $75,000 | $0 | 0.00% |
| Black | 2 | $70,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.44%
Sunbelt Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-146.67%
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 | 15 | $1,045,000 | $69,667 |