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
  • Complaints
  • 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 small 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, Gainesville, Palatka, and Orlando among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vystar has an 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% 11/17/24
    30 Year Conventional Purchase 5.26% 11/17/24
    30 Year Conventional Refi 6.83% 11/17/24
    30 Year Cash-out Refi 6.87% 11/17/24
    30 Year FHA Purchase 4.29% 11/17/24
    30 Year FHA Refi 7.44% 11/17/24
    30 Year VA Purchase 5.35% 11/17/24
    30 Year VA Refi 6.23% 11/17/24
    15 Year Conventional Purchase 5.46% 11/17/24
    15 Year Conventional Refi 6.21% 11/17/24
    15 Year Cash-out Refi 6.21% 11/17/24
    15 Year FHA Purchase 6.58% 11/17/24
    15 Year FHA Refi 6.56% 11/17/24
    15 Year VA Purchase 5.22% 11/17/24
    15 Year VA Refi 5.79% 11/17/24
    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

    6,146

    Origination Dollar Volume (All Markets)

    $1,019,050,000
    Show all (8) 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) 4,776 $809,730,000 $169,541 $1,259 3.72%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 427 $65,125,000 $152,518 $1,128 3.69%
    GAINESVILLE, FL (FHA|USDA|VA) 146 $23,560,000 $161,370 $1,235 3.70%
    Palatka, FL (FHA|USDA|VA) 165 $19,745,000 $119,667 $876 3.73%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 90 $17,850,000 $198,333 $1,663 3.49%
    Outside of Metro Areas 139 $16,665,000 $119,892 $828 3.68%
    THE VILLAGES, FL (FHA|USDA|VA) 93 $14,835,000 $159,516 $1,022 3.56%
    Lake City, FL (FHA|USDA|VA) 100 $13,530,000 $135,300 $1,330 3.74%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 40 $9,850,000 $246,250 $1,400 3.78%
    OCALA, FL (FHA|USDA|VA) 73 $9,025,000 $123,630 $1,063 3.61%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $3,335,000 $256,538 $1,229 3.53%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $3,240,000 $202,500 $800 3.79%
    TALLAHASSEE, FL (FHA|USDA|VA) 15 $2,655,000 $177,000 $445 3.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,345,000 $213,182 $916 3.70%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 12 $1,700,000 $141,667 $1,400 3.66%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,210,000 $302,500 $250 3.22%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,165,000 $166,429 $630 3.29%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $725,000 $241,667 $746 3.54%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $710,000 $177,500 $1,617 3.06%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $645,000 $215,000 $0 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $0 4.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $285,000 $95,000 $0 4.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Vystar's top markets include Jacksonville, Deltona, Gainesville, Palatka, and Orlando 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.

    Tyndall Federal Credit Union
    Similarity Rank: 216
    Envision Credit Union
    Similarity Rank: 437
    SmartBank
    Similarity Rank: 800
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 1134
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1170
    PREFERRED LENDING SERVICES, LLC
    Similarity Rank: 1280
    Midwest Mortgage Associates Corporation
    Similarity Rank: 1518
    Credence Funding Corporation
    Similarity Rank: 1680
    Capital City Bank
    Similarity Rank: 2072

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,103 $937,775,000 $183,769 $1,221 3.57%
    HELOC 1,043 $81,275,000 $77,924 n/a 4.35%

    For 2020, Vystar's most frequently originated type of loan was Conventional, with 5,103 originations. Their 2nd most popular type was HELOC, with 1,043 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4,126 $682,610,000 $165,441 $1,057 3.64%
    Home Purchase 1,167 $240,045,000 $205,694 $1,614 3.65%
    Home Improvement 503 $51,495,000 $102,376 $880 4.30%
    Cash Out Refi 350 $44,900,000 $128,286 $919 3.93%

    For 2020, Vystar's most frequently cited loan purpose was Refi, with 4,126 originations. The 2nd most popular reason was Home Purchase, with 1,167 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,662 $544,270,000 $204,459 $1,369 3.72%
    15 Year 1,311 $217,855,000 $166,175 $1,061 3.15%
    10 Year 1,260 $104,510,000 $82,944 $483 4.16%
    20 Year 591 $94,545,000 $159,975 $974 3.90%
    Other 310 $57,410,000 $185,194 $1,199 3.74%
    5 Year 12 $460,000 $38,333 $0 5.51%

    For 2020, Vystar's most frequently cited loan duration was 30 Year, with 2,662 originations. The 2nd most popular length was 15 Year, with 1,311 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,618 $272,840,000 $168,628
    $1k-2k 323 $64,995,000 $201,223
    $2k-3k 112 $26,510,000 $236,696
    $3k-4k 69 $18,875,000 $273,551
    $5k+ 44 $17,270,000 $392,500
    $4k-5k 27 $8,335,000 $308,704

    Vystar's average total fees were $1,369, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,618 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,294 $745,050,000 $173,510
    2.5-3% 684 $116,670,000 $170,570
    4-5% 567 $77,195,000 $136,146
    5-6% 193 $11,605,000 $60,130
    6-7% 58 $2,700,000 $46,552
    <2.5% 2 $480,000 $240,000

    During 2020, Vystar's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 4,294 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,590 $381,190,000 $147,178 $887 3.58%
    $100,000 or less 1,738 $102,120,000 $58,757 $600 4.03%
    $200k-400k 1,625 $423,115,000 $260,378 $1,494 3.60%
    $400k-600k 126 $59,310,000 $470,714 $2,929 3.51%
    $600k-1MM 57 $41,365,000 $725,702 $5,039 3.34%
    $1MM+ 10 $11,950,000 $1,195,000 $13,706 3.50%

    2020 saw Vystar place emphasis on $100k-200k loans with 2,590 originations, totaling $381,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,528 $209,730,000 $137,258 $901 3.71%
    $100k-150k 1,339 $249,055,000 $186,001 $1,335 3.73%
    $75k-100k 1,223 $199,555,000 $163,168 $1,093 3.72%
    $50k or less 1,185 $127,025,000 $107,194 $886 3.70%
    $150k-250k 631 $151,345,000 $239,849 $1,730 3.71%
    $250k+ 182 $72,140,000 $396,374 $4,223 3.63%

    Vystar lent most frequently to those with incomes in the $50k-75k range, with 1,528 originations. The second most popular income band? $100k-150k, with 1,339 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,664 $276,910,000 $166,412 $1,241 3.62%
    30-36% 1,189 $205,795,000 $173,082 $1,380 3.68%
    <20% 760 $112,410,000 $147,908 $966 3.65%
    42% 230 $39,500,000 $171,739 $1,172 3.92%
    43% 216 $34,520,000 $159,815 $1,199 3.75%
    41% 215 $35,425,000 $164,767 $1,506 3.82%
    36% 209 $36,445,000 $174,378 $1,143 3.71%
    37% 204 $35,190,000 $172,500 $1,643 3.78%
    40% 203 $35,455,000 $174,655 $1,014 3.80%
    44% 197 $31,705,000 $160,939 $1,088 3.73%
    39% 195 $33,885,000 $173,769 $1,271 3.84%
    38% 186 $30,210,000 $162,419 $773 3.74%
    49% 166 $26,350,000 $158,735 $978 3.82%
    45% 129 $23,885,000 $185,155 $1,277 3.78%
    48% 116 $19,800,000 $170,690 $1,320 3.91%
    46% 115 $18,345,000 $159,522 $1,257 3.74%
    47% 114 $16,960,000 $148,772 $771 3.86%
    50-60% 18 $2,340,000 $130,000 $693 4.05%
    >60% 8 $1,740,000 $217,500 $1,230 3.89%

    Vystar lent most frequently to those with DTI ratios of 20-30%, with 1,664 originations. The next most common DTI ratio? 30-36%, with 1,189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,018 $828,790,000 $165,163 $1,188 3.71%
    Not provided 547 $94,465,000 $172,697 $1,382 3.74%
    Black 311 $43,355,000 $139,405 $1,098 3.79%
    Asian 187 $35,285,000 $188,690 $1,414 3.50%
    Asian Indian 24 $7,790,000 $324,583 $2,083 3.24%
    American Indian 34 $4,660,000 $137,059 $2,062 3.63%
    Filipino 10 $1,960,000 $196,000 $445 3.70%
    Native Hawaiian or Islander 6 $1,040,000 $173,333 $10,454 4.20%
    Not applicable 2 $800,000 $400,000 $0 3.72%
    Vietnamese 2 $270,000 $135,000 $0 3.44%
    Other Asian 2 $260,000 $130,000 $0 4.00%
    Other Pacific Islander 2 $240,000 $120,000 $0 3.00%
    Japanese 1 $135,000 $135,000 $133 3.88%

    Approval Rates

    Total approvals of all applications
    79.06%

    Vystar has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.06%

    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 6,146 $1,019,050,000 $165,807

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $800,000 $400,000
    Single Family (1-4 Units):Manufactured 233 $20,205,000 $86,717
    Single Family (1-4 Units):Site-Built 5,911 $998,045,000 $168,845

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 948 $93,200,000 $98,312 $570 3.81%
    40-60% 1,263 $198,785,000 $157,391 $982 3.42%
    60-80% 2,248 $471,430,000 $209,711 $1,366 3.59%
    80-100% 978 $222,840,000 $227,853 $1,489 3.71%
    Under 20% 709 $32,795,000 $46,255 $562 4.45%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%