Sunstreet Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300ANGNMQ8TDQAZ27

Tax ID: 20-2715422

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • 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

    Sunstreet Mortgage is a smaller mortgage company specializing in Home Purchase 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. 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: Tucson, Phoenix, Sierra Vista, Nogales, and Flagstaff among others. We have data for 24 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 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
    30 Year Conventional Purchase 6.88% 11/21/24
    30 Year Conventional Refi 6.57% 11/21/24
    30 Year Cash-out Refi 6.81% 11/21/24
    30 Year FHA Purchase 7.63% 11/21/24
    30 Year FHA Refi 7.22% 11/21/24
    30 Year VA Purchase 6.37% 11/21/24
    30 Year VA Refi 6.02% 11/21/24
    30 Year USDA Purchase 6.99% 11/21/24
    30 Year USDA Refi 7.18% 11/21/24
    15 Year Conventional Purchase 6.37% 11/21/24
    15 Year Conventional Refi 6.42% 11/21/24
    15 Year Cash-out Refi 6.42% 11/21/24
    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.

    Sunstreet Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sunstreet Mortgage. 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

    3,983

    Origination Dollar Volume (All Markets)

    $830,315,000
    Show all (21) 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
    TUCSON, AZ (FHA|USDA|VA) 2,705 $558,375,000 $206,423 $3,422 4.30%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 374 $88,690,000 $237,139 $4,043 4.27%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 395 $69,875,000 $176,899 $3,355 4.27%
    Nogales, AZ (FHA|USDA|VA) 286 $48,680,000 $170,210 $3,266 4.43%
    FLAGSTAFF, AZ (FHA|USDA|VA) 112 $36,890,000 $329,375 $3,566 3.95%
    Safford, AZ (FHA|USDA|VA) 45 $7,665,000 $170,333 $3,459 4.19%
    Show Low, AZ (FHA|USDA|VA) 19 $4,475,000 $235,526 $3,426 4.19%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 12 $4,040,000 $336,667 $3,598 4.35%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $3,140,000 $523,333 $4,906 3.67%
    Outside of Metro Areas 9 $2,185,000 $242,778 $3,311 4.14%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $2,832 3.83%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $950,000 $475,000 $5,727 3.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $530,000 $265,000 $8,857 4.19%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $490,000 $245,000 $6,116 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.00%
    MODESTO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.88%
    VISALIA, CA (FHA|USDA|VA) 2 $430,000 $215,000 $3,210 5.56%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $2,432 4.50%
    GREELEY, CO (FHA|USDA|VA) 1 $305,000 $305,000 $4,307 6.00%
    Payson, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,727 4.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,045 3.75%
    ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,663 4.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $5,565 5.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $95,000 $95,000 $5,401 3.75%
    Sunstreet Mortgage's top markets include Tucson, Phoenix, Sierra Vista, Nogales, and Flagstaff among others.

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

    American Southwest Credit Union
    Similarity Rank: 63
    MYPOINT Credit Union
    Similarity Rank: 147
    First American Bank
    Similarity Rank: 162
    MISSION
    Similarity Rank: 630
    FRONTWAVE
    Similarity Rank: 704
    Deer Valley Credit Union
    Similarity Rank: 820
    ARIZONA
    Similarity Rank: 1296
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1316
    PIMA Federal Credit Union
    Similarity Rank: 1344
    California Coast Credit Union
    Similarity Rank: 1395

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,477 $524,215,000 $211,633 $2,771 4.37%
    FHA 827 $153,475,000 $185,580 $4,785 4.28%
    VA 500 $126,450,000 $252,900 $5,086 3.95%
    USDA 178 $26,020,000 $146,180 $2,682 4.26%
    FHA 1 $155,000 $155,000 $0 4.13%

    For 2019, Sunstreet Mortgage's most frequently originated type of loan was Conventional, with 2,477 originations. Their 2nd most popular type was FHA, with 827 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,899 $590,235,000 $203,600 $3,541 4.36%
    Refi 610 $147,900,000 $242,459 $2,869 3.90%
    Cash Out Refi 474 $92,180,000 $194,473 $3,854 4.35%

    For 2019, Sunstreet Mortgage's most frequently cited loan purpose was Home Purchase, with 2,899 originations. The 2nd most popular reason was Refi, with 610 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,746 $781,350,000 $208,582 $3,515 4.32%
    15 Year 173 $36,795,000 $212,688 $2,866 3.75%
    20 Year 52 $10,020,000 $192,692 $2,915 4.01%
    10 Year 7 $1,045,000 $149,286 $1,667 3.68%
    Other 5 $1,105,000 $221,000 $2,492 3.88%

    For 2019, Sunstreet Mortgage's most frequently cited loan duration was 30 Year, with 3,746 originations. The 2nd most popular length was 15 Year, with 173 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,190 $455,260,000 $207,881
    $1k-2k 1,396 $285,990,000 $204,864
    $2k-3k 201 $40,385,000 $200,920
    $3k-4k 124 $26,830,000 $216,371
    $4k-5k 43 $11,555,000 $268,721
    $5k+ 26 $9,830,000 $378,077

    Sunstreet Mortgage's average total fees were $3,515, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,190 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,867 $362,075,000 $193,934
    3-4% 1,663 $392,285,000 $235,890
    5-6% 424 $70,920,000 $167,264
    6-7% 22 $3,140,000 $142,727
    2.5-3% 7 $1,895,000 $270,714

    During 2019, Sunstreet Mortgage's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 1,867 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,932 $294,350,000 $152,355 $3,078 4.39%
    $200k-400k 1,541 $411,185,000 $266,830 $4,031 4.14%
    $100,000 or less 301 $23,855,000 $79,252 $2,666 4.62%
    $400k-600k 192 $87,280,000 $454,583 $4,192 4.00%
    $600k-1MM 14 $9,900,000 $707,143 $4,587 3.97%
    $1MM+ 3 $3,745,000 $1,248,333 $3,552 3.79%

    2019 saw Sunstreet Mortgage place emphasis on $100k-200k loans with 1,932 originations, totaling $294,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,219 $185,345,000 $152,047 $3,044 4.32%
    $50k-75k 1,103 $205,925,000 $186,695 $3,570 4.35%
    $75k-100k 664 $150,560,000 $226,747 $3,858 4.29%
    $100k-150k 589 $154,995,000 $263,149 $3,547 4.20%
    $150k-250k 288 $91,570,000 $317,951 $3,867 4.16%
    $250k+ 120 $41,920,000 $349,333 $3,560 4.19%

    Sunstreet Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,219 originations. The second most popular income band? $50k-75k, with 1,103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 754 $156,860,000 $208,037 $3,168 4.23%
    30-36% 704 $151,250,000 $214,844 $3,447 4.30%
    <20% 231 $49,085,000 $212,489 $3,015 4.14%
    50-60% 226 $47,150,000 $208,628 $4,968 4.13%
    44% 194 $37,890,000 $195,309 $3,639 4.49%
    43% 165 $34,865,000 $211,303 $3,845 4.41%
    41% 160 $30,760,000 $192,250 $3,427 4.36%
    40% 157 $31,015,000 $197,548 $3,217 4.49%
    38% 156 $32,320,000 $207,179 $3,413 4.28%
    42% 154 $29,630,000 $192,403 $3,301 4.45%
    37% 144 $29,170,000 $202,569 $3,550 4.39%
    36% 133 $27,295,000 $205,226 $3,474 4.40%
    39% 124 $25,980,000 $209,516 $3,347 4.43%
    46% 117 $24,555,000 $209,872 $3,448 4.37%
    45% 115 $24,355,000 $211,783 $3,636 4.32%
    49% 113 $22,635,000 $200,310 $3,761 4.39%
    47% 103 $21,655,000 $210,243 $3,632 4.35%
    48% 85 $17,705,000 $208,294 $3,650 4.31%
    >60% 6 $1,500,000 $250,000 $5,339 3.98%

    Sunstreet Mortgage lent most frequently to those with DTI ratios of 20-30%, with 754 originations. The next most common DTI ratio? 30-36%, with 704 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,518 $727,620,000 $206,828 $3,460 4.30%
    Not provided 250 $56,700,000 $226,800 $3,389 4.19%
    Black 89 $19,715,000 $221,517 $4,044 4.33%
    Asian 87 $17,975,000 $206,609 $3,360 4.23%
    American Indian 34 $7,200,000 $211,765 $4,157 4.39%
    Native Hawaiian or Islander 5 $1,105,000 $221,000 $5,563 4.18%

    Approval Rates

    Total approvals of all applications
    98.71%

    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
    77.10%

    Sunstreet Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,983 $830,315,000 $208,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 151 $19,655,000 $130,166
    Single Family (1-4 Units):Site-Built 3,832 $810,660,000 $211,550

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $8,685,000 $125,870 $2,598 4.25%
    40-60% 248 $45,300,000 $182,661 $2,742 4.08%
    60-80% 986 $209,970,000 $212,951 $3,102 4.34%
    80-100% 2,537 $532,735,000 $209,986 $3,535 4.30%
    Over 100% 109 $26,815,000 $246,009 $7,736 4.09%
    Under 20% 3 $245,000 $81,667 $2,789 3.88%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Trouble during payment process 4 50.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Trouble during payment process 2 25.0%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Closing on a mortgage 1 12.5%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Struggling to pay mortgage 1 12.5%