Vystar Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 54930036K3ZFJ4FOKT69

Tax ID: 59-0690965

5 stars - out of 5 stars, based on 75 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Vystar is a smaller mortgage company specializing in 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 include Jacksonville, Deltona, Gainesville, Palatka, and Orlando among others. Vystar has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Vystar is typically a low fee lendor.


Originations

5,678

Origination Dollar Volume (All Markets)

$881,220,000
Show all (9) awards

Relative Rate

Vystar's average 30 year fixed rate mortgage of loans were 3.42%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.27%.

Relative Fees

Vystar's average total fees for a 30 year fixed rate mortgage are $1,944.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
JACKSONVILLE, FL (FHA|USDA|VA) 4,533 $715,205,000 $157,777 $1,554 3.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 392 $56,540,000 $144,235 $1,315 3.47%
GAINESVILLE, FL (FHA|USDA|VA) 122 $18,820,000 $154,262 $1,473 3.40%
Outside of Metro Areas 123 $16,485,000 $134,024 $932 3.30%
Palatka, FL (FHA|USDA|VA) 125 $14,795,000 $118,360 $1,265 3.39%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 70 $12,530,000 $179,000 $2,073 3.66%
Lake City, FL (FHA|USDA|VA) 99 $12,465,000 $125,909 $1,615 3.40%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 39 $6,685,000 $171,410 $2,451 3.34%
OCALA, FL (FHA|USDA|VA) 51 $5,945,000 $116,569 $1,426 3.39%
THE VILLAGES, FL (FHA|USDA|VA) 35 $3,765,000 $107,571 $1,119 3.41%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 17 $2,805,000 $165,000 $3,838 3.32%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,775,000 $252,273 $0 3.37%
TALLAHASSEE, FL (FHA|USDA|VA) 15 $2,685,000 $179,000 $1,332 3.51%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,435,000 $287,000 $3,140 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,115,000 $159,286 $0 3.52%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,025,000 $205,000 $3,304 3.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 6 $990,000 $165,000 $879 2.78%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $920,000 $230,000 $0 2.66%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $750,000 $187,500 $1,480 3.72%
St. Marys, GA (FHA|USDA|VA) 2 $680,000 $340,000 $0 3.12%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $565,000 $188,333 $0 3.44%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $560,000 $280,000 $1,464 3.12%
Wauchula, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 2.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $265,000 $265,000 $460 3.24%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.38%
PANAMA CITY, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $347 0.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,724 2.63%
VALDOSTA, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.75%

Vystar's top markets include Jacksonville, Deltona, Gainesville, Palatka, and Orlando among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,514 $842,970,000 $152,878 $1,260 3.50%
VA 101 $24,935,000 $246,881 $4,604 2.63%
FHA 63 $13,315,000 $211,349 $5,339 2.96%

For the 2021 period, Vystar's most frequently originated loan type of loans were Conventional, with 5,514 originations. Their 2nd most popular type is VA, with 101 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 3,333 $513,835,000 $154,166 $1,225 3.38%
Cash Out Refi 992 $121,110,000 $122,087 $1,575 3.78%
Home Purchase 775 $181,205,000 $233,813 $2,154 3.19%
Home Improvement 576 $64,910,000 $112,691 $729 3.89%
Other 1 $55,000 $55,000 $0 5.88%
NA 1 $105,000 $105,000 $0 4.00%

For the 2021, Vystar's most frequently cited loan purpose of loans were Refi, with 3,333 originations. The 2nd most popular reason of loans were Cash Out Refi, with 992 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,751 $364,515,000 $208,175 $1,944 3.42%
10 Year 1,581 $148,155,000 $93,710 $370 3.89%
15 Year 1,055 $166,165,000 $157,502 $1,014 2.87%
Other 851 $138,125,000 $162,309 $1,726 3.61%
20 Year 433 $63,935,000 $147,656 $711 3.73%
5 Year 7 $325,000 $46,429 $134 5.48%

For the 2021, Vystar's most frequently cited loan length of loans were 30 Year, with 1,751 originations. The 2nd most popular length of loans were 10 Year, with 1,581 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,227 $382,905,000 $171,938
$1k-2k 304 $56,190,000 $184,836
$2k-3k 161 $34,625,000 $215,062
$3k-4k 87 $22,365,000 $257,069
$5k+ 48 $17,460,000 $363,750

$1,944 of loans were Vystar's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,227 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 3,328 $504,320,000 $151,538
2.5-3% 1,105 $174,665,000 $158,068
<2.5% 216 $40,720,000 $188,519
4-5% 126 $24,900,000 $197,619
5-6% 71 $4,075,000 $57,394
6-7% 20 $1,280,000 $64,000

During 2021, Vystar's average interest rate of loans were 3.42%, while their most frequently originated rate bucket of loans were 3-4%, with 3,328 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 2,258 $326,400,000 $144,553 $1,205 3.37%
$100,000 or less 1,869 $112,845,000 $60,377 $492 3.71%
$200k-400k 1,413 $366,985,000 $259,720 $2,117 3.39%
$400k-600k 109 $50,565,000 $463,899 $3,770 3.21%
$600k-1MM 25 $17,775,000 $711,000 $4,028 3.28%
$1MM+ 4 $6,650,000 $1,662,500 $12,064 3.08%

2021 saw Vystar place emphasis on $100k-200k loans with 2,258 originations, totaling $326,400,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,434 $195,900,000 $136,611 $1,440 3.44%
$100k-150k 1,221 $211,375,000 $173,116 $1,572 3.54%
$75k-100k 1,090 $165,490,000 $151,826 $1,507 3.49%
$50k or less 1,082 $118,520,000 $109,538 $1,255 3.39%
$150k-250k 610 $127,140,000 $208,426 $1,842 3.60%
$250k+ 142 $46,340,000 $326,338 $3,302 3.52%

Vystar lent most frequently to those with incomes in the $50k-75k range, with 1,434 originations. The second most popular income band? $100k-150k, with 1,221 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,457 $225,665,000 $154,883 $1,380 3.41%
30-36% 1,045 $162,915,000 $155,900 $1,398 3.47%
<20% 629 $88,185,000 $140,199 $1,089 3.38%
39% 227 $37,265,000 $164,163 $1,427 3.53%
42% 212 $30,700,000 $144,811 $1,212 3.71%
40% 206 $36,160,000 $175,534 $1,637 3.52%
36% 206 $29,810,000 $144,709 $1,513 3.50%
44% 200 $31,600,000 $158,000 $1,469 3.55%
43% 188 $34,940,000 $185,851 $2,231 3.48%
41% 188 $26,550,000 $141,223 $1,166 3.73%
37% 173 $26,265,000 $151,821 $1,037 3.58%
38% 173 $26,175,000 $151,301 $1,143 3.62%
49% 160 $22,330,000 $139,563 $1,830 3.59%
48% 142 $22,230,000 $156,549 $1,589 3.56%
45% 129 $21,725,000 $168,411 $1,914 3.54%
46% 129 $19,835,000 $153,760 $2,758 3.60%
47% 120 $18,880,000 $157,333 $2,482 3.50%
50-60% 65 $13,935,000 $214,385 $4,734 3.16%
>60% 5 $935,000 $187,000 $10,343 3.58%

Vystar lent most frequently to those with DTI ratios of 20-30%, with 1,457 originations. The next most common DTI ratio? 30-36%, with 1,045 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,500 $699,770,000 $155,504 $1,516 3.49%
Not provided 528 $83,460,000 $158,068 $1,519 3.49%
Black 377 $54,945,000 $145,743 $1,683 3.44%
Asian 163 $26,185,000 $160,644 $2,019 3.41%
American Indian 60 $9,050,000 $150,833 $1,356 3.39%
Filipino 18 $2,960,000 $164,444 $1,782 3.51%
Asian Indian 13 $2,345,000 $180,385 $0 3.48%
Native Hawaiian 9 $1,345,000 $149,444 $1,900 3.63%
Vietnamese 5 $655,000 $131,000 $665 3.38%
2 $270,000 $135,000 $2,839 4.00%
Other Asian 2 $180,000 $90,000 $0 3.25%
Chinese 1 $55,000 $55,000 $0 4.00%

Approval Rates

Total approvals of all applications
74.66%

Vystar has a below average approval rate.

Pick Rate

Approvals leading to origination
65.57%

Vystar 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
NA 5,678 $881,220,000 $155,199

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,678 $881,220,000 $155,199

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,156 $126,740,000 $109,637 $585 3.52%
40-60% 1,315 $209,435,000 $159,266 $1,234 3.19%
60-80% 1,546 $327,680,000 $211,953 $1,673 3.40%
80-100% 660 $160,450,000 $243,106 $2,447 3.33%
Under 20% 1,001 $56,915,000 $56,858 $342 4.03%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
VICTORY MORTGAGE, LLC Conventional home mortgage Closing on a mortgage 1 100.0%