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 Cash Out Refi, 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, Orlando, Gainesville, and Palatka among others. We have data for 36 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.

    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% 11/22/24
    30 Year Conventional Purchase 5.26% 11/22/24
    30 Year Conventional Refi 6.83% 11/22/24
    30 Year Cash-out Refi 6.87% 11/22/24
    30 Year FHA Purchase 4.29% 11/22/24
    30 Year FHA Refi 7.44% 11/22/24
    30 Year VA Purchase 5.35% 11/22/24
    30 Year VA Refi 6.23% 11/22/24
    15 Year Conventional Purchase 5.46% 11/22/24
    15 Year Conventional Refi 6.21% 11/22/24
    15 Year Cash-out Refi 6.21% 11/22/24
    15 Year FHA Purchase 6.58% 11/22/24
    15 Year FHA Refi 6.56% 11/22/24
    15 Year VA Purchase 5.22% 11/22/24
    15 Year VA Refi 5.79% 11/22/24
    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

    5,529

    Origination Dollar Volume (All Markets)

    $867,225,000
    Show all (16) 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) 4,233 $645,525,000 $152,498 $1,881 4.95%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 429 $65,155,000 $151,876 $1,835 4.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 133 $25,355,000 $190,639 $3,521 5.05%
    GAINESVILLE, FL (FHA|USDA|VA) 94 $21,950,000 $233,511 $2,063 4.66%
    Palatka, FL (FHA|USDA|VA) 113 $15,265,000 $135,088 $2,172 4.72%
    Outside of Metro Areas 102 $14,960,000 $146,667 $2,698 5.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 53 $14,205,000 $268,019 $2,919 5.03%
    Lake City, FL (FHA|USDA|VA) 74 $10,660,000 $144,054 $1,981 5.12%
    OCALA, FL (FHA|USDA|VA) 60 $8,530,000 $142,167 $1,219 4.76%
    TALLAHASSEE, FL (FHA|USDA|VA) 49 $7,855,000 $160,306 $1,647 4.95%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 24 $7,430,000 $309,583 $2,570 5.00%
    THE VILLAGES, FL (FHA|USDA|VA) 34 $5,340,000 $157,059 $1,869 4.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $3,515,000 $234,333 $1,532 4.91%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $3,085,000 $280,455 $2,483 4.31%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 21 $2,845,000 $135,476 $2,737 5.04%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 15 $2,665,000 $177,667 $3,305 4.45%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 12 $2,480,000 $206,667 $2,533 6.01%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $2,395,000 $266,111 $6,058 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,190,000 $198,333 $1,790 5.10%
    St. Marys, GA (FHA|USDA|VA) 10 $1,040,000 $104,000 $1,132 5.40%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $860,000 $215,000 $954 5.59%
    Thomasville, GA (FHA|USDA|VA) 3 $675,000 $225,000 $0 5.29%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $660,000 $110,000 $3,597 4.83%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 5.25%
    VALDOSTA, GA (FHA|USDA|VA) 2 $470,000 $235,000 $0 5.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $405,000 $405,000 $10,246 3.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $340,000 $170,000 $0 4.63%
    HINESVILLE, GA (FHA|USDA|VA) 2 $330,000 $165,000 $973 5.06%
    Waycross, GA (FHA|USDA|VA) 2 $270,000 $135,000 $2,260 4.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.63%
    Key West, FL (FHA|USDA|VA) 2 $220,000 $110,000 $0 6.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.25%
    SAVANNAH, GA (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.81%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,769 4.50%
    ALBANY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.38%
    Toccoa, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.13%
    Vystar's top markets include Jacksonville, Deltona, Orlando, Gainesville, and Palatka among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • (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: 136
    Envision Credit Union
    Similarity Rank: 169
    SunState Federal Credit Union
    Similarity Rank: 462
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 532
    INSIGHT
    Similarity Rank: 780
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1071
    ADDITION FINANCIAL
    Similarity Rank: 1170
    JAX
    Similarity Rank: 1260
    TrustCo Bank
    Similarity Rank: 1372
    MORTGAGE INVESTORS GROUP, INC.
    Similarity Rank: 1617

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,758 $299,800,000 $108,702 n/a 5.22%
    Conventional 2,553 $511,415,000 $200,319 $1,572 4.68%
    FHA 111 $25,525,000 $229,955 $6,883 4.87%
    VA 107 $30,485,000 $284,907 $4,743 4.25%

    For 2022, Vystar's most frequently originated type of loan was HELOC, with 2,758 originations. Their 2nd most popular type was Conventional, with 2,553 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,268 $266,440,000 $117,478 $1,024 5.24%
    Refi 1,552 $234,580,000 $151,147 $1,537 4.64%
    Home Purchase 970 $290,280,000 $299,258 $3,194 4.52%
    Home Improvement 735 $75,645,000 $102,918 $193 5.26%
    Other 3 $215,000 $71,667 $0 3.96%
    NA 1 $65,000 $65,000 $0 4.00%

    For 2022, Vystar's most frequently cited loan purpose was Cash Out Refi, with 2,268 originations. The 2nd most popular reason was Refi, with 1,552 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 2,871 $311,515,000 $108,504 $455 5.21%
    30 Year 1,444 $387,850,000 $268,594 $2,757 4.52%
    20 Year 673 $62,795,000 $93,306 $275 5.65%
    15 Year 486 $82,770,000 $170,309 $1,455 3.64%
    5 Year 25 $4,335,000 $173,400 $0 5.23%
    30+ year 19 $8,755,000 $460,789 $10,710 5.57%
    Other 11 $9,205,000 $836,818 $6,730 4.56%

    For 2022, Vystar's most frequently cited loan duration was 10 Year, with 2,871 originations. The 2nd most popular length was 30 Year, with 1,444 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,273 $423,035,000 $186,113
    $1k-2k 145 $27,745,000 $191,345
    $2k-3k 122 $29,670,000 $243,197
    $3k-4k 82 $29,950,000 $365,244
    $5k+ 63 $28,325,000 $449,603
    $4k-5k 36 $11,330,000 $314,722

    Vystar's average total fees were $2,757, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,273 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,583 $205,425,000 $129,769
    3-4% 1,543 $258,385,000 $167,456
    4-5% 1,221 $212,385,000 $173,943
    6-7% 493 $68,015,000 $137,961
    7-8% 355 $42,345,000 $119,282
    2.5-3% 255 $60,495,000 $237,235
    <2.5% 74 $19,150,000 $258,784
    Over 8% 4 $630,000 $157,500

    During 2022, Vystar's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 5-6%, with 1,583 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,355 $131,395,000 $55,794 $333 5.24%
    $100k-200k 1,606 $222,570,000 $138,587 $1,351 4.87%
    $200k-400k 1,255 $335,795,000 $267,566 $2,921 4.65%
    $400k-600k 248 $116,250,000 $468,750 $4,107 4.37%
    $600k-1MM 52 $36,130,000 $694,808 $5,894 4.25%
    $1MM+ 13 $25,085,000 $1,929,615 $14,344 3.88%

    2022 saw Vystar place emphasis on $100,000 or less loans with 2,355 originations, totaling $131,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,429 $234,095,000 $163,817 $1,802 4.99%
    $50k-75k 1,159 $145,605,000 $125,630 $1,850 4.95%
    $75k-100k 1,058 $149,720,000 $141,512 $2,112 4.95%
    $150k-250k 848 $171,270,000 $201,969 $2,139 5.09%
    $50k or less 715 $69,285,000 $96,902 $1,574 4.70%
    $250k+ 211 $73,365,000 $347,701 $4,475 4.95%

    Vystar lent most frequently to those with incomes in the $100k-150k range, with 1,429 originations. The second most popular income band? $50k-75k, with 1,159 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,004 $148,800,000 $148,207 $1,443 4.78%
    30-36% 961 $156,625,000 $162,981 $1,872 4.87%
    <20% 344 $53,480,000 $155,465 $2,184 4.70%
    49% 331 $41,305,000 $124,789 $1,913 5.21%
    42% 262 $44,030,000 $168,053 $1,504 5.19%
    44% 245 $43,645,000 $178,143 $2,100 5.01%
    48% 236 $30,990,000 $131,314 $3,002 5.04%
    41% 232 $33,880,000 $146,034 $1,629 5.13%
    38% 220 $33,590,000 $152,682 $1,622 5.06%
    40% 214 $39,410,000 $184,159 $2,262 5.00%
    37% 212 $31,250,000 $147,406 $1,938 5.06%
    39% 206 $33,960,000 $164,854 $1,544 5.00%
    43% 205 $33,415,000 $163,000 $2,124 4.77%
    47% 196 $26,810,000 $136,786 $2,027 5.12%
    36% 184 $29,850,000 $162,228 $1,654 5.06%
    45% 171 $21,805,000 $127,515 $1,764 5.11%
    46% 163 $25,005,000 $153,405 $2,127 4.91%
    50-60% 125 $27,355,000 $218,840 $5,988 4.82%
    >60% 9 $2,805,000 $311,667 $4,515 5.18%

    Vystar lent most frequently to those with DTI ratios of 20-30%, with 1,004 originations. The next most common DTI ratio? 30-36%, with 961 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,209 $635,475,000 $150,980 $1,881 4.97%
    Not provided 598 $102,330,000 $171,120 $2,317 4.92%
    Black 455 $69,945,000 $153,725 $2,269 4.88%
    Asian 161 $33,665,000 $209,099 $1,878 4.80%
    Not applicable 6 $8,730,000 $1,455,000 $0 4.37%
    Asian Indian 26 $7,380,000 $283,846 $5,971 4.79%
    American Indian 50 $6,370,000 $127,400 $1,187 4.84%
    Filipino 12 $1,610,000 $134,167 $1,296 4.79%
    Other Asian 5 $695,000 $139,000 $0 4.58%
    Chinese 2 $670,000 $335,000 $0 3.43%
    Other Pacific Islander 2 $190,000 $95,000 $0 6.25%
    Native Hawaiian or Islander 2 $130,000 $65,000 $0 4.93%
    Vietnamese 1 $35,000 $35,000 $0 5.88%

    Approval Rates

    Total approvals of all applications
    53.18%

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

    Pick Rate

    Approvals leading to origination
    72.44%

    Vystar has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,529 $867,225,000 $156,850

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,529 $867,225,000 $156,850

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,467 $197,405,000 $134,564 $908 5.04%
    40-60% 691 $147,925,000 $214,074 $1,733 4.40%
    60-80% 703 $200,675,000 $285,455 $2,829 4.37%
    80-100% 602 $191,200,000 $317,608 $3,504 4.56%
    Over 100% 2 $850,000 $425,000 $0 5.56%
    Under 20% 2,063 $128,605,000 $62,339 $132 5.37%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    VYSTAR CREDIT UNION Conventional home mortgage Trouble during payment process 1 100.0%