Sunstreet Mortgage Rates, Fees & Info
Phoenix, AZLEI: 549300ANGNMQ8TDQAZ27
Tax ID: 20-2715422
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Sunstreet Mortgage is a smaller mortgage company specializing in Home Purchase and Refi 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 include Tucson, Phoenix, Nogales, Flagstaff, and Sierra Vista among others. Sunstreet Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sunstreet Mortgage is typically an average fee lendor.Originations
3,244Origination Dollar Volume (All Markets)
$785,180,000Relative Rate
Sunstreet Mortgage 's average 30 year fixed rate mortgage of loans were
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.03%.
Relative Fees
Sunstreet Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,825.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
TUCSON, AZ (FHA|USDA|VA) | 1,615 | $360,525,000 | $223,235 | $4,538 | 3.15% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 338 | $97,810,000 | $289,379 | $4,984 | 3.22% |
Nogales, AZ (FHA|USDA|VA) | 464 | $90,300,000 | $194,612 | $4,941 | 3.11% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 213 | $80,545,000 | $378,146 | $4,973 | 3.05% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 358 | $72,160,000 | $201,564 | $4,251 | 3.10% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 59 | $30,085,000 | $509,915 | $4,667 | 2.98% |
Safford, AZ (FHA|USDA|VA) | 88 | $17,610,000 | $200,114 | $4,760 | 3.13% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 27 | $9,015,000 | $333,889 | $4,695 | 3.06% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $7,500,000 | $416,667 | $4,594 | 2.90% |
Show Low, AZ (FHA|USDA|VA) | 16 | $3,690,000 | $230,625 | $4,323 | 3.02% |
Outside of Metro Areas | 13 | $3,645,000 | $280,385 | $5,178 | 2.88% |
STOCKTON, CA (FHA|USDA|VA) | 5 | $2,225,000 | $445,000 | $6,040 | 3.33% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,925,000 | $641,667 | $6,871 | 3.29% |
YUMA, AZ (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $4,834 | 3.31% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $4,846 | 2.94% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $4,828 | 3.20% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,380 | 3.04% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $26,066 | 2.63% |
Payson, AZ (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,188 | 3.13% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,805 | 3.00% |
BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,401 | 2.81% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,813 | 2.25% |
Sunstreet Mortgage 's top markets include Tucson, Phoenix, Nogales, Flagstaff, and Sierra Vista among others.
Product Mix
Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Conventional | 2,241 | $535,485,000 | $238,949 | $3,567 | 3.17% |
FHA | 488 | $109,600,000 | $224,590 | $8,043 | 3.22% |
VA | 324 | $105,690,000 | $326,204 | $7,042 | 2.82% |
USDA | 191 | $34,405,000 | $180,131 | $4,805 | 2.98% |
For the 2021 period, Sunstreet Mortgage 's most frequently originated loan type of loans were Conventional, with 2,241 originations. Their 2nd most popular type is FHA, with 488 originations.
Loan Reason
Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Home Purchase | 1,758 | $464,540,000 | $264,243 | $5,639 | 3.19% |
Refi | 818 | $171,430,000 | $209,572 | $3,029 | 2.92% |
Cash Out Refi | 668 | $149,210,000 | $223,368 | $4,081 | 3.24% |
For the 2021, Sunstreet Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,758 originations. The 2nd most popular reason of loans were Refi, with 818 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30 Year | 2,876 | $720,240,000 | $250,431 | $4,825 | 3.18% |
15 Year | 234 | $41,790,000 | $178,590 | $3,371 | 2.63% |
20 Year | 87 | $15,925,000 | $183,046 | $3,347 | 3.05% |
Other | 27 | $4,865,000 | $180,185 | $3,383 | 3.15% |
10 Year | 20 | $2,360,000 | $118,000 | $3,425 | 2.67% |
For the 2021, Sunstreet Mortgage 's most frequently cited loan length of loans were 30 Year, with 2,876 originations. The 2nd most popular length of loans were 15 Year, with 234 originations.
Origination Fees
Origination Fee | Originations | Total Value | Average Loan |
---|---|---|---|
$1k-2k | 1,544 | $361,590,000 | $234,190 |
$<1k | 880 | $228,010,000 | $259,102 |
$3k-4k | 378 | $89,260,000 | $236,138 |
$2k-3k | 357 | $76,885,000 | $215,364 |
$5k+ | 85 | $29,435,000 | $346,294 |
$4,825 of loans were Sunstreet Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,544 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 1,686 | $405,740,000 | $240,652 |
2.5-3% | 1,160 | $287,060,000 | $247,466 |
<2.5% | 292 | $69,780,000 | $238,973 |
4-5% | 106 | $22,600,000 | $213,208 |
During 2021, Sunstreet Mortgage 's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 1,686 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$200k-400k | 1,458 | $396,190,000 | $271,735 | $5,396 | 3.15% |
$100k-200k | 1,203 | $186,425,000 | $154,967 | $3,727 | 3.14% |
$400k-600k | 298 | $141,410,000 | $474,530 | $5,466 | 3.07% |
$100,000 or less | 227 | $18,325,000 | $80,727 | $2,908 | 3.05% |
$600k-1MM | 54 | $37,550,000 | $695,370 | $8,113 | 2.96% |
$1MM+ | 4 | $5,280,000 | $1,320,000 | $10,061 | 3.00% |
2021 saw Sunstreet Mortgage place emphasis on $200k-400k loans with 1,458 originations, totaling $396,190,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$50k-75k | 884 | $189,610,000 | $214,491 | $5,060 | 3.16% |
$50k or less | 834 | $131,840,000 | $158,082 | $4,198 | 3.15% |
$100k-150k | 545 | $166,145,000 | $304,853 | $4,847 | 3.13% |
$75k-100k | 529 | $136,395,000 | $257,836 | $4,891 | 3.14% |
$150k-250k | 266 | $95,780,000 | $360,075 | $4,452 | 3.10% |
$250k+ | 106 | $43,690,000 | $412,170 | $4,785 | 3.21% |
Sunstreet Mortgage lent most frequently to those with incomes in the $50k-75k range, with 884 originations. The second most popular income band? $50k or less, with 834 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-30% | 664 | $152,270,000 | $229,322 | $3,939 | 3.08% |
30-36% | 601 | $146,955,000 | $244,517 | $4,442 | 3.14% |
<20% | 245 | $54,965,000 | $224,347 | $3,470 | 2.94% |
44% | 216 | $51,900,000 | $240,278 | $4,609 | 3.05% |
50-60% | 149 | $41,155,000 | $276,208 | $7,188 | 3.00% |
42% | 137 | $33,615,000 | $245,365 | $4,915 | 3.25% |
41% | 136 | $33,520,000 | $246,471 | $4,934 | 3.23% |
38% | 126 | $30,040,000 | $238,413 | $4,688 | 3.21% |
39% | 121 | $28,695,000 | $237,149 | $4,944 | 3.18% |
43% | 116 | $27,890,000 | $240,431 | $4,713 | 3.25% |
37% | 110 | $29,830,000 | $271,182 | $5,194 | 3.25% |
40% | 106 | $24,880,000 | $234,717 | $4,868 | 3.15% |
36% | 94 | $21,770,000 | $231,596 | $4,490 | 3.21% |
49% | 80 | $19,450,000 | $243,125 | $4,594 | 3.18% |
48% | 79 | $19,895,000 | $251,835 | $5,299 | 3.18% |
46% | 76 | $19,650,000 | $258,553 | $5,621 | 3.15% |
45% | 73 | $17,705,000 | $242,534 | $5,254 | 3.19% |
47% | 58 | $13,550,000 | $233,621 | $5,278 | 3.22% |
>60% | 6 | $2,950,000 | $491,667 | $17,212 | 2.73% |
Sunstreet Mortgage lent most frequently to those with DTI ratios of 20-30%, with 664 originations. The next most common DTI ratio? 30-36%, with 601 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 2,907 | $692,505,000 | $238,220 | $4,607 | 3.13% |
Not provided | 171 | $47,765,000 | $279,327 | $4,843 | 3.13% |
Black | 72 | $19,020,000 | $264,167 | $5,427 | 3.12% |
Asian | 65 | $17,335,000 | $266,692 | $4,825 | 3.08% |
American Indian | 17 | $6,005,000 | $353,235 | $6,903 | 3.01% |
Native Hawaiian | 8 | $1,890,000 | $236,250 | $6,655 | 3.25% |
Asian Indian | 2 | $350,000 | $175,000 | $5,665 | 3.00% |
Other Pacific Islander | 1 | $205,000 | $205,000 | $10,098 | 3.13% |
Korean | 1 | $105,000 | $105,000 | $760 | 2.75% |
Approval Rates
Total approvals of all applications98.42%
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 origination76.87%
Sunstreet Mortgage has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 3,244 | $785,180,000 | $242,041 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
3,244 | $785,180,000 | $242,041 |
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-40% | 119 | $15,235,000 | $128,025 | $2,964 | 2.90% |
40-60% | 440 | $81,950,000 | $186,250 | $2,965 | 2.94% |
60-80% | 1,098 | $271,530,000 | $247,295 | $3,716 | 3.20% |
80-100% | 1,422 | $369,220,000 | $259,648 | $5,542 | 3.16% |
Over 100% | 105 | $31,915,000 | $303,952 | $11,021 | 2.95% |
Under 20% | 9 | $835,000 | $92,778 | $2,453 | 3.01% |
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
SUNSTREET MORTGAGE LLC | VA mortgage | Closing on a mortgage | 1 | 100.0% |