Sunstreet Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300ANGNMQ8TDQAZ27

Tax ID: 20-2715422

5 stars - out of 5 stars, based on 31 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Sunstreet Mortgage is a smaller mortgage company specializing in loans. Sunstreet Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tucson, Nogales, Flagstaff, Sierra Vista, and Phoenix among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sunstreet Mortgage 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. Sunstreet Mortgage is typically an average 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
    30 Year Conventional Purchase 6.88% 3/28/23
    30 Year Conventional Refi 6.57% 3/28/23
    30 Year Cash-out Refi 6.81% 3/28/23
    30 Year FHA Purchase 7.63% 3/28/23
    30 Year FHA Refi 7.22% 3/28/23
    30 Year VA Purchase 6.37% 3/28/23
    30 Year VA Refi 6.02% 3/28/23
    30 Year USDA Purchase 6.99% 3/28/23
    30 Year USDA Refi 7.18% 3/28/23
    15 Year Conventional Purchase 6.37% 3/28/23
    15 Year Conventional Refi 6.42% 3/28/23
    15 Year Cash-out Refi 6.42% 3/28/23
    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.


    Originations

    956

    Origination Dollar Volume (All Markets)

    $257,630,000
    Show all (6) awards

    Relative Rate

    Sunstreet Mortgage's average 30 year fixed mortgage rate was 4.37%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.39%.

    Relative Fees (Closing Costs)

    Sunstreet Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,223.

    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 $4,750.

    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
    TUCSON, AZ (FHA|USDA|VA) 441 $109,865,000 $249,127 $5,560 4.30%
    Nogales, AZ (FHA|USDA|VA) 156 $34,670,000 $222,244 $6,763 4.34%
    FLAGSTAFF, AZ (FHA|USDA|VA) 71 $32,045,000 $451,338 $7,597 4.27%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 122 $26,590,000 $217,951 $5,165 4.30%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 81 $26,225,000 $323,765 $7,234 4.52%
    Safford, AZ (FHA|USDA|VA) 41 $9,565,000 $233,293 $5,538 4.39%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 12 $6,100,000 $508,333 $6,222 3.94%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 11 $4,145,000 $376,818 $5,862 3.86%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,770,000 $442,500 $6,478 4.34%
    Outside of Metro Areas 6 $1,580,000 $263,333 $9,089 4.88%
    VALLEJO, CA (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $48,974 4.13%
    SALINAS, CA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $5,010 4.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $945,000 $315,000 $4,019 3.88%
    Payson, AZ (FHA|USDA|VA) 1 $625,000 $625,000 $11,048 3.88%
    Ukiah, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,197 4.50%
    Show Low, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $8,855 4.81%
    YUMA, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,562 4.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $155,000 $155,000 $5,729 3.13%
    Sunstreet Mortgage's top markets include Tucson, Nogales, Flagstaff, Sierra Vista, and Phoenix among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SUNSTREET MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 310
    MYPOINT Credit Union
    Similarity Rank: 770
    MISSION
    Similarity Rank: 830
    T. J. FINANCIAL, INC.
    Similarity Rank: 1120
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1170
    GRANDE HOMES, INC.
    Similarity Rank: 1580
    Western State Bank
    Similarity Rank: 1710
    PIMA Federal Credit Union
    Similarity Rank: 1770
    ARIZONA CENTRAL
    Similarity Rank: 1771
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 642 $170,720,000 $265,919 $4,897 4.36%
    FHA 161 $40,545,000 $251,832 $9,064 4.33%
    VA 98 $34,870,000 $355,816 $8,863 4.09%
    USDA 55 $11,495,000 $209,000 $6,284 4.23%

    For 2022, Sunstreet Mortgage's most frequently originated type of loan was Conventional, with 642 originations. Their 2nd most popular type was FHA, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 662 $192,700,000 $291,088 $6,555 4.45%
    Cash Out Refi 218 $48,450,000 $222,248 $5,224 4.10%
    Refi 76 $16,480,000 $216,842 $4,455 3.79%

    For 2022, Sunstreet Mortgage's most frequently cited loan purpose was Home Purchase, with 662 originations. The 2nd most popular reason was Cash Out Refi, with 218 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 897 $246,355,000 $274,643 $6,223 4.37%
    15 Year 32 $5,810,000 $181,563 $3,786 3.53%
    20 Year 15 $3,145,000 $209,667 $4,289 3.64%
    10 Year 8 $1,410,000 $176,250 $3,852 3.55%
    Other 4 $910,000 $227,500 $4,783 4.06%

    For 2022, Sunstreet Mortgage's most frequently cited loan duration was 30 Year, with 897 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 394 $97,340,000 $247,056
    $<1k 168 $45,480,000 $270,714
    $2k-3k 123 $31,635,000 $257,195
    $3k-4k 103 $28,555,000 $277,233
    $5k+ 103 $36,345,000 $352,864
    $4k-5k 65 $18,275,000 $281,154

    Sunstreet Mortgage's average total fees were $6,223, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 406 $103,020,000 $253,744
    4-5% 283 $80,725,000 $285,247
    5-6% 209 $58,445,000 $279,641
    2.5-3% 31 $8,895,000 $286,935
    6-7% 24 $5,730,000 $238,750
    <2.5% 3 $815,000 $271,667

    During 2022, Sunstreet Mortgage's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 3-4%, with 406 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 485 $133,215,000 $274,670 $6,685 4.38%
    $100k-200k 278 $42,390,000 $152,482 $4,303 4.20%
    $400k-600k 120 $56,930,000 $474,417 $7,596 4.38%
    $100,000 or less 41 $3,135,000 $76,463 $3,440 4.21%
    $600k-1MM 30 $19,800,000 $660,000 $9,071 4.24%
    $1MM+ 2 $2,160,000 $1,080,000 $26,992 4.44%

    2022 saw Sunstreet Mortgage place emphasis on $200k-400k loans with 485 originations, totaling $133,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 271 $62,785,000 $231,679 $6,064 4.31%
    $50k or less 205 $32,505,000 $158,561 $4,624 4.11%
    $75k-100k 179 $50,695,000 $283,212 $6,424 4.38%
    $100k-150k 176 $60,200,000 $342,045 $6,868 4.48%
    $150k-250k 92 $36,470,000 $396,413 $6,545 4.30%
    $250k+ 30 $14,280,000 $476,000 $8,177 4.58%

    Sunstreet Mortgage lent most frequently to those with incomes in the $50k-75k range, with 271 originations. The second most popular income band? $50k or less, with 205 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 149 $37,865,000 $254,128 $4,761 4.25%
    20-30% 124 $32,270,000 $260,242 $5,304 4.11%
    50-60% 52 $14,460,000 $278,077 $8,714 4.12%
    44% 48 $13,190,000 $274,792 $6,312 4.56%
    42% 44 $12,480,000 $283,636 $5,914 4.11%
    45% 43 $11,415,000 $265,465 $6,596 4.22%
    38% 40 $11,390,000 $284,750 $6,600 4.18%
    37% 40 $11,060,000 $276,500 $6,046 4.16%
    40% 37 $9,165,000 $247,703 $5,424 4.11%
    <20% 36 $8,790,000 $244,167 $5,525 3.94%
    49% 35 $9,285,000 $265,286 $5,823 4.04%
    46% 32 $8,870,000 $277,188 $5,948 4.16%
    43% 31 $7,485,000 $241,452 $5,840 4.21%
    47% 30 $9,390,000 $313,000 $6,620 4.20%
    41% 30 $6,360,000 $212,000 $6,953 4.35%
    39% 30 $7,630,000 $254,333 $5,203 4.23%
    36% 27 $8,915,000 $330,185 $5,836 4.16%
    48% 22 $5,700,000 $259,091 $6,598 4.26%
    >60% 3 $765,000 $255,000 $10,564 3.71%

    Sunstreet Mortgage lent most frequently to those with DTI ratios of 30-36%, with 149 originations. The next most common DTI ratio? 20-30%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 848 $224,540,000 $264,788 $6,038 4.31%
    Not provided 46 $13,100,000 $284,783 $6,116 4.34%
    Asian 28 $9,500,000 $339,286 $6,375 4.53%
    Black 22 $6,990,000 $317,727 $7,736 4.34%
    American Indian 10 $2,520,000 $252,000 $5,380 4.55%
    Native Hawaiian or Islander 2 $980,000 $490,000 $6,681 4.94%

    Approval Rates

    Total approvals of all applications
    99.65%

    Sunstreet Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.11%

    Sunstreet Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 956 $257,630,000 $269,487

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    956 $257,630,000 $269,487

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $7,275,000 $148,469 $3,755 3.82%
    40-60% 114 $23,900,000 $209,649 $4,113 3.99%
    60-80% 243 $64,765,000 $266,523 $4,880 4.18%
    80-100% 414 $120,700,000 $291,546 $6,843 4.29%
    Over 100% 30 $9,450,000 $315,000 $11,997 4.12%
    Under 20% 3 $395,000 $131,667 $4,608 4.58%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. Reverse mortgage Trouble during payment process 1 100.0%