Vystar Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 54930036K3ZFJ4FOKT69
Tax ID: 59-0690965
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vystar is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Vystar has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Jacksonville, Deltona, Orlando, Gainesville, and Palatka among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Vystar has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Vystar 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.11% | 3/27/23 |
| 30 Year Conventional Purchase | 5.26% | 3/27/23 |
| 30 Year Conventional Refi | 6.83% | 3/27/23 |
| 30 Year Cash-out Refi | 6.87% | 3/27/23 |
| 30 Year FHA Purchase | 4.29% | 3/27/23 |
| 30 Year FHA Refi | 7.44% | 3/27/23 |
| 30 Year VA Purchase | 5.35% | 3/27/23 |
| 30 Year VA Refi | 6.23% | 3/27/23 |
| 15 Year Conventional Purchase | 5.46% | 3/27/23 |
| 15 Year Conventional Refi | 6.21% | 3/27/23 |
| 15 Year Cash-out Refi | 6.21% | 3/27/23 |
| 15 Year FHA Purchase | 6.58% | 3/27/23 |
| 15 Year FHA Refi | 6.56% | 3/27/23 |
| 15 Year VA Purchase | 5.22% | 3/27/23 |
| 15 Year VA Refi | 5.79% | 3/27/23 |
| 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. | ||
Originations
5,529Origination Dollar Volume (All Markets)
$867,225,000Awards
VYSTAR - 2022
VYSTAR is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Vystar's average 30 year fixed mortgage rate was
4.52%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.24%.
Relative Fees (Closing Costs)
Vystar's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,757.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| JACKSONVILLE, FL (FHA|USDA|VA) | 4,233 | $645,525,000 | $152,498 | $1,881 | 4.95% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 429 | $65,155,000 | $151,876 | $1,835 | 4.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 133 | $25,355,000 | $190,639 | $3,521 | 5.05% |
| GAINESVILLE, FL (FHA|USDA|VA) | 94 | $21,950,000 | $233,511 | $2,063 | 4.66% |
| Palatka, FL (FHA|USDA|VA) | 113 | $15,265,000 | $135,088 | $2,172 | 4.72% |
| Outside of Metro Areas | 102 | $14,960,000 | $146,667 | $2,698 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 53 | $14,205,000 | $268,019 | $2,919 | 5.03% |
| Lake City, FL (FHA|USDA|VA) | 74 | $10,660,000 | $144,054 | $1,981 | 5.12% |
| OCALA, FL (FHA|USDA|VA) | 60 | $8,530,000 | $142,167 | $1,219 | 4.76% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 49 | $7,855,000 | $160,306 | $1,647 | 4.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 24 | $7,430,000 | $309,583 | $2,570 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 34 | $5,340,000 | $157,059 | $1,869 | 4.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $3,515,000 | $234,333 | $1,532 | 4.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $3,085,000 | $280,455 | $2,483 | 4.31% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $2,845,000 | $135,476 | $2,737 | 5.04% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 15 | $2,665,000 | $177,667 | $3,305 | 4.45% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 12 | $2,480,000 | $206,667 | $2,533 | 6.01% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $2,395,000 | $266,111 | $6,058 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $1,790 | 5.10% |
| St. Marys, GA (FHA|USDA|VA) | 10 | $1,040,000 | $104,000 | $1,132 | 5.40% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $954 | 5.59% |
| Thomasville, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 5.29% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $3,597 | 4.83% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 5.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 5.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $10,246 | 3.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 4.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $973 | 5.06% |
| Waycross, GA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,260 | 4.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.63% |
| Key West, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.19% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.81% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,769 | 4.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.38% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against VYSTAR 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
For 2022, Vystar's most frequently originated type of loan was HELOC, with 2,758 originations. Their 2nd most popular type was Conventional, with 2,553 originations.
Loan Reason
For 2022, Vystar's most frequently cited loan purpose was Cash Out Refi, with 2,268 originations. The 2nd most popular reason was Refi, with 1,552 originations.
Loan Duration/Length
For 2022, Vystar's most frequently cited loan duration was 10 Year, with 2,871 originations. The 2nd most popular length was 30 Year, with 1,444 originations.
Origination Fees/Closing Costs
Vystar's average total fees were $2,757, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,273 originations.
Interest Rates
During 2022, Vystar's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 5-6%, with 1,583 originations.
Loan Sizing
2022 saw Vystar place emphasis on $100,000 or less loans with 2,355 originations, totaling $131,395,000 in origination value.
Applicant Income
Vystar lent most frequently to those with incomes in the $100k-150k range, with 1,429 originations. The second most popular income band? $50k-75k, with 1,159 originations.
Applicant Debt to Income Ratio
Vystar lent most frequently to those with DTI ratios of 20-30%, with 1,004 originations. The next most common DTI ratio? 30-36%, with 961 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications53.18%
Vystar has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination72.44%
Vystar has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,529 | $867,225,000 | $156,850 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VYSTAR CREDIT UNION | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |