Vystar Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 54930036K3ZFJ4FOKT69
Tax ID: 59-0690965
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
5,678Origination Dollar Volume (All Markets)
$881,220,000Awards
VYSTAR - 2021
VYSTAR is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications74.66%
Vystar has a below average approval rate.
Pick Rate
Approvals leading to origination65.57%
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% |
