Vystar Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 54930036K3ZFJ4FOKT69

Tax ID: 59-0690965

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Vystar is a smaller mortgage company specializing in Refi and Home Purchase loans. Vystar has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Deltona, Palatka, Gainesville, and Lake City among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vystar has an above 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.

    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
    Home Equity Line of Credit (HELOC) 5.11% 4/21/24
    30 Year Conventional Purchase 5.26% 4/21/24
    30 Year Conventional Refi 6.83% 4/21/24
    30 Year Cash-out Refi 6.87% 4/21/24
    30 Year FHA Purchase 4.29% 4/21/24
    30 Year FHA Refi 7.44% 4/21/24
    30 Year VA Purchase 5.35% 4/21/24
    30 Year VA Refi 6.23% 4/21/24
    15 Year Conventional Purchase 5.46% 4/21/24
    15 Year Conventional Refi 6.21% 4/21/24
    15 Year Cash-out Refi 6.21% 4/21/24
    15 Year FHA Purchase 6.58% 4/21/24
    15 Year FHA Refi 6.56% 4/21/24
    15 Year VA Purchase 5.22% 4/21/24
    15 Year VA Refi 5.79% 4/21/24
    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.

    Vystar Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Vystar. 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

    5,922

    Origination Dollar Volume (All Markets)

    $814,420,000
    Show all (11) awards

    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) 4,680 $648,220,000 $138,509 $1,294 4.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 446 $56,500,000 $126,682 $1,159 4.71%
    Palatka, FL (FHA|USDA|VA) 157 $18,075,000 $115,127 $1,214 4.64%
    Outside of Metro Areas 154 $17,200,000 $111,688 $949 4.51%
    GAINESVILLE, FL (FHA|USDA|VA) 123 $16,865,000 $137,114 $1,061 4.63%
    Lake City, FL (FHA|USDA|VA) 99 $11,065,000 $111,768 $959 4.60%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 46 $10,450,000 $227,174 $1,341 4.41%
    OCALA, FL (FHA|USDA|VA) 62 $7,920,000 $127,742 $1,029 4.44%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 36 $6,640,000 $184,444 $1,169 4.23%
    THE VILLAGES, FL (FHA|USDA|VA) 37 $5,875,000 $158,784 $806 3.95%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 18 $4,050,000 $225,000 $1,752 4.06%
    TALLAHASSEE, FL (FHA|USDA|VA) 16 $2,270,000 $141,875 $744 4.34%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,005,000 $286,429 $870 4.45%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $1,615,000 $146,818 $1,902 5.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,270,000 $211,667 $816 4.23%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $815,000 $271,667 $4,540 3.58%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $735,000 $147,000 $1,024 4.45%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $630,000 $157,500 $1,233 4.38%
    Key West, FL (FHA|USDA|VA) 2 $580,000 $290,000 $2,978 3.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $515,000 $171,667 $1,308 3.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $435,000 $145,000 $3,371 4.67%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $390,000 $195,000 $1,606 4.81%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,284 4.13%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.38%
    Vystar's top markets include Jacksonville, Deltona, Palatka, Gainesville, and Lake City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • 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.

    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 225
    McCoy Federal Credit Union
    Similarity Rank: 342
    Envision Credit Union
    Similarity Rank: 918
    TrustCo Bank
    Similarity Rank: 1014
    JAX
    Similarity Rank: 1078
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1216
    ADDITION FINANCIAL
    Similarity Rank: 1288
    Citizens First Bank
    Similarity Rank: 1536
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1692
    IVY MORTGAGE, INC.
    Similarity Rank: 1976

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,278 $699,120,000 $163,422 $1,255 4.34%
    HELOC 1,644 $115,300,000 $70,134 n/a 5.70%

    For 2019, Vystar's most frequently originated type of loan was Conventional, with 4,278 originations. Their 2nd most popular type was HELOC, with 1,644 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,535 $457,425,000 $129,399 $1,004 4.69%
    Home Purchase 1,457 $283,595,000 $194,643 $1,615 4.27%
    Home Improvement 890 $66,530,000 $74,753 $824 5.54%
    Cash Out Refi 40 $6,870,000 $171,750 $1,537 4.99%

    For 2019, Vystar's most frequently cited loan purpose was Refi, with 3,535 originations. The 2nd most popular reason was Home Purchase, with 1,457 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,248 $439,040,000 $195,302 $1,484 4.33%
    10 Year 1,905 $134,605,000 $70,659 $594 5.50%
    15 Year 1,067 $174,225,000 $163,285 $945 3.68%
    20 Year 621 $58,685,000 $94,501 $995 5.45%
    5 Year 46 $1,610,000 $35,000 $445 5.46%
    Other 35 $6,255,000 $178,714 $892 4.26%

    For 2019, Vystar's most frequently cited loan duration was 30 Year, with 2,248 originations. The 2nd most popular length was 10 Year, with 1,905 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,500 $405,170,000 $162,068
    $1k-2k 291 $61,055,000 $209,811
    $2k-3k 108 $27,730,000 $256,759
    $3k-4k 47 $11,885,000 $252,872
    $5k+ 42 $14,910,000 $355,000
    $4k-5k 15 $4,375,000 $291,667

    Vystar's average total fees were $1,484, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,500 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,890 $348,490,000 $184,386
    5-6% 1,652 $136,370,000 $82,548
    4-5% 1,646 $270,800,000 $164,520
    6-7% 580 $29,600,000 $51,034
    2.5-3% 153 $28,945,000 $189,183

    During 2019, Vystar's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 1,890 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,609 $137,825,000 $52,827 $660 5.28%
    $100k-200k 2,035 $294,535,000 $144,735 $1,099 4.34%
    $200k-400k 1,119 $289,005,000 $258,271 $1,739 4.20%
    $400k-600k 110 $53,540,000 $486,727 $2,765 3.86%
    $600k-1MM 43 $31,285,000 $727,558 $4,152 3.84%
    $1MM+ 6 $8,230,000 $1,371,667 $12,787 4.00%

    2019 saw Vystar place emphasis on $100,000 or less loans with 2,609 originations, totaling $137,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,539 $177,605,000 $115,403 $1,209 4.74%
    $50k or less 1,303 $115,385,000 $88,553 $890 4.62%
    $100k-150k 1,199 $190,565,000 $158,937 $1,379 4.79%
    $75k-100k 1,116 $142,280,000 $127,491 $1,247 4.75%
    $150k-250k 561 $114,805,000 $204,643 $1,825 4.76%
    $250k+ 183 $64,155,000 $350,574 $2,720 4.42%

    Vystar lent most frequently to those with incomes in the $50k-75k range, with 1,539 originations. The second most popular income band? $50k or less, with 1,303 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,356 $191,880,000 $141,504 $1,193 4.52%
    30-36% 1,088 $148,830,000 $136,792 $1,197 4.70%
    <20% 583 $72,525,000 $124,400 $1,003 4.52%
    42% 265 $37,225,000 $140,472 $2,236 5.12%
    40% 236 $31,260,000 $132,458 $1,255 4.83%
    41% 230 $29,710,000 $129,174 $1,074 4.82%
    37% 227 $30,695,000 $135,220 $1,293 4.82%
    49% 224 $27,590,000 $123,170 $1,283 4.99%
    38% 222 $31,000,000 $139,640 $1,221 4.73%
    39% 220 $28,990,000 $131,773 $1,351 4.81%
    43% 213 $33,685,000 $158,146 $1,271 4.67%
    36% 202 $29,420,000 $145,644 $1,238 4.72%
    44% 178 $26,540,000 $149,101 $1,465 4.64%
    48% 166 $21,510,000 $129,578 $1,293 4.91%
    46% 160 $22,030,000 $137,688 $1,503 4.92%
    47% 143 $18,565,000 $129,825 $1,533 4.96%
    45% 143 $20,805,000 $145,490 $1,356 4.79%
    50-60% 32 $2,700,000 $84,375 $1,272 5.74%
    >60% 4 $280,000 $70,000 $0 5.56%

    Vystar lent most frequently to those with DTI ratios of 20-30%, with 1,356 originations. The next most common DTI ratio? 30-36%, with 1,088 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,586 $612,310,000 $133,517 $1,217 4.73%
    Not provided 835 $126,585,000 $151,599 $1,436 4.72%
    Black 294 $35,930,000 $122,211 $1,337 4.74%
    Asian 161 $26,915,000 $167,174 $1,180 4.44%
    Not applicable 13 $7,025,000 $540,385 $0 4.64%
    American Indian 20 $2,400,000 $120,000 $1,234 4.63%
    Asian Indian 3 $1,285,000 $428,333 $475 3.38%
    Native Hawaiian or Islander 5 $985,000 $197,000 $4,224 4.23%
    Other Asian 2 $850,000 $425,000 $1,122 4.94%
    Other Pacific Islander 2 $90,000 $45,000 $0 5.88%
    Filipino 1 $45,000 $45,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    92.79%

    Vystar has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.47%

    Vystar has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,922 $814,420,000 $137,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $6,080,000 $608,000
    Single Family (1-4 Units):Manufactured 281 $22,425,000 $79,804
    Single Family (1-4 Units):Site-Built 5,631 $785,915,000 $139,569

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,136 $98,210,000 $86,452 $719 5.13%
    40-60% 890 $132,540,000 $148,921 $859 4.12%
    60-80% 1,596 $316,030,000 $198,014 $1,381 4.16%
    80-100% 1,014 $214,690,000 $211,726 $1,634 4.37%
    Under 20% 1,286 $52,950,000 $41,174 $564 5.72%