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 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 by origination volume include: Jacksonville, Deltona, Gainesville, Palatka, and Orlando among others. We have data for 29 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    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

    5,678

    Origination Dollar Volume (All Markets)

    $881,220,000
    Show all (9) 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) 4,533 $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.

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

    Gulf Winds Credit Union
    Similarity Rank: 240
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 483
    Envision Credit Union
    Similarity Rank: 561
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 893
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1672
    Citizens First Bank
    Similarity Rank: 2504
    Auto Club Trust, FSB
    Similarity Rank: 2592
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2860
    TrustCo Bank
    Similarity Rank: 3276
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 3582

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,959 $699,065,000 $176,576 $1,260 3.30%
    HELOC 1,555 $143,905,000 $92,543 n/a 4.00%
    VA 101 $24,935,000 $246,881 $4,604 2.63%
    FHA 63 $13,315,000 $211,349 $5,339 2.96%

    For 2021, Vystar's most frequently originated type of loan was Conventional, with 3,959 originations. Their 2nd most popular type was HELOC, with 1,555 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Vystar's most frequently cited loan purpose was Refi, with 3,333 originations. The 2nd most popular reason was 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 2021, Vystar's most frequently cited loan duration was 30 Year, with 1,751 originations. The 2nd most popular length was 10 Year, with 1,581 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 66 $17,080,000 $258,788
    $5k+ 48 $17,460,000 $363,750
    $4k-5k 21 $5,285,000 $251,667

    Vystar's average total fees were $1,944, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.42%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    57.48%

    Vystar has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    51.87%

    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%