Vystar Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 54930036K3ZFJ4FOKT69
Tax ID: 59-0690965
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Mortgage Data
Review & Overview
Vystar is a smaller mortgage company specializing in Cash Out 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, Crestview, Deltona, Orlando, and Tampa among others. We have data for 33 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) | 7.49% | 4/5/25 |
| 30 Year Conventional Purchase | 6.79% | 4/5/25 |
| 30 Year Conventional Refi | 6.54% | 4/5/25 |
| 30 Year Cash-out Refi | 6.98% | 4/5/25 |
| 30 Year FHA Purchase | 7.97% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 7.06% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.53% | 4/5/25 |
| 15 Year Conventional Refi | 6.84% | 4/5/25 |
| 15 Year Cash-out Refi | 6.84% | 4/5/25 |
| 15 Year FHA Purchase | 6.00% | 4/5/25 |
| 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. | ||
Vystar Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,050Origination Dollar Volume (All Markets)
$544,880,000Awards
VYSTAR - 2024
VYSTAR is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Vystar's average 30 year fixed mortgage rate was
6.55%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0%.
Relative Fees (Closing Costs)
Vystar's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,814.
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 $8,356.
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) | 2,234 | $368,660,000 | $165,022 | $5,457 | 7.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 18 | $27,890,000 | $1,549,444 | $12,949 | 6.02% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 231 | $27,685,000 | $119,848 | $3,607 | 7.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 94 | $17,820,000 | $189,574 | $5,395 | 7.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $15,690,000 | $560,357 | $10,216 | 7.33% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 17 | $14,345,000 | $843,824 | $11,185 | 6.67% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 41 | $9,115,000 | $222,317 | $4,529 | 7.61% |
| Outside of Metro Areas | 65 | $7,955,000 | $122,385 | $3,575 | 7.71% |
| Palatka, FL (FHA|USDA|VA) | 69 | $7,815,000 | $113,261 | $4,080 | 7.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 56 | $7,420,000 | $132,500 | $3,868 | 7.66% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 27 | $6,075,000 | $225,000 | $5,635 | 7.50% |
| Lake City, FL (FHA|USDA|VA) | 36 | $5,510,000 | $153,056 | $4,463 | 7.51% |
| THE VILLAGES, FL (FHA|USDA|VA) | 24 | $5,000,000 | $208,333 | $5,687 | 7.37% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $4,580,000 | $763,333 | $12,759 | 6.52% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 12 | $3,310,000 | $275,833 | $4,681 | 7.44% |
| OCALA, FL (FHA|USDA|VA) | 22 | $2,610,000 | $118,636 | $2,494 | 7.68% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $2,610,000 | $261,000 | $5,482 | 7.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $4,227 | 7.64% |
| St. Marys, GA (FHA|USDA|VA) | 13 | $1,525,000 | $117,308 | $2,920 | 7.92% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $5,945 | 6.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $2,978 | 7.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $4,114 | 6.83% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,055 | 6.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $10,149 | 7.16% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $6,742 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,183 | 7.67% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,175 | 6.38% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,308 | 7.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,303 | 7.19% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.88% |
| Jesup, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.00% |
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 2024, Vystar's most frequently originated type of loan was Conventional, with 1,818 originations. Their 2nd most popular type was HELOC, with 1,172 originations.
Loan Reason
For 2024, Vystar's most frequently cited loan purpose was Cash Out Refi, with 2,417 originations. The 2nd most popular reason was Home Purchase, with 535 originations.
Loan Duration/Length
For 2024, Vystar's most frequently cited loan duration was 10 Year, with 1,271 originations. The 2nd most popular length was 20 Year, with 902 originations.
Origination Fees/Closing Costs
Vystar's average total fees were $5,814, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 206 originations.
Interest Rates
During 2024, Vystar's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 7-8%, with 1,324 originations.
Loan Sizing
2024 saw Vystar place emphasis on $100,000 or less loans with 1,564 originations, totaling $87,110,000 in origination value.
Applicant Income
Vystar lent most frequently to those with incomes in the $100k-150k range, with 725 originations. The second most popular income band? $150k-250k, with 571 originations.
Applicant Debt to Income Ratio
Vystar lent most frequently to those with DTI ratios of 30-36%, with 507 originations. The next most common DTI ratio? 20-30%, with 450 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.76%
Vystar has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination55.57%
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 | 3,050 | $544,880,000 | $178,649 |