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 small 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 by origination volume include: Tucson, Phoenix, Sierra Vista, Flagstaff, and Nogales 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% 11/17/24
    30 Year Conventional Refi 6.57% 11/17/24
    30 Year Cash-out Refi 6.81% 11/17/24
    30 Year FHA Purchase 7.63% 11/17/24
    30 Year FHA Refi 7.22% 11/17/24
    30 Year VA Purchase 6.37% 11/17/24
    30 Year VA Refi 6.02% 11/17/24
    30 Year USDA Purchase 6.99% 11/17/24
    30 Year USDA Refi 7.18% 11/17/24
    15 Year Conventional Purchase 6.37% 11/17/24
    15 Year Conventional Refi 6.42% 11/17/24
    15 Year Cash-out Refi 6.42% 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.

    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

    5,137

    Origination Dollar Volume (All Markets)

    $1,134,535,000
    Show all (18) 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) 3,138 $667,350,000 $212,667 $3,549 3.31%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 548 $139,910,000 $255,310 $4,260 3.29%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 543 $104,545,000 $192,532 $3,422 3.17%
    FLAGSTAFF, AZ (FHA|USDA|VA) 278 $93,260,000 $335,468 $3,609 3.05%
    Nogales, AZ (FHA|USDA|VA) 433 $77,095,000 $178,048 $4,021 3.18%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 31 $14,375,000 $463,710 $5,798 2.92%
    Safford, AZ (FHA|USDA|VA) 71 $13,255,000 $186,690 $3,878 3.32%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 32 $8,650,000 $270,313 $4,396 3.07%
    Show Low, AZ (FHA|USDA|VA) 18 $4,010,000 $222,778 $2,996 3.33%
    Outside of Metro Areas 10 $2,180,000 $218,000 $4,387 3.40%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,775,000 $355,000 $4,900 2.95%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,520,000 $380,000 $2,002 2.81%
    Payson, AZ (FHA|USDA|VA) 5 $1,365,000 $273,000 $4,634 3.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,255,000 $251,000 $4,021 2.95%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,235,000 $411,667 $2,316 3.46%
    YUMA, AZ (FHA|USDA|VA) 4 $760,000 $190,000 $3,300 2.78%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,595 3.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $320,000 $160,000 $2,391 3.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $315,000 $315,000 $2,945 5.00%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,448 2.63%
    Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $2,683 3.25%
    NAPA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,364 3.25%
    PUEBLO, CO (FHA|USDA|VA) 1 $135,000 $135,000 $2,130 3.75%
    Sunstreet Mortgage's top markets include Tucson, Phoenix, Sierra Vista, Flagstaff, and Nogales 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.

    First American Bank
    Similarity Rank: 152
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    THE FIRST FINANCIAL Federal Credit Union
    Similarity Rank: 714
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 976
    Armed Forces Bank
    Similarity Rank: 1136
    PIMA Federal Credit Union
    Similarity Rank: 1152
    ARIZONA CENTRAL
    Similarity Rank: 1512
    First Credit Union
    Similarity Rank: 1573

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,458 $770,340,000 $222,770 $2,858 3.29%
    FHA 838 $164,600,000 $196,420 $5,914 3.35%
    VA 612 $161,750,000 $264,297 $5,294 3.00%
    USDA 229 $37,845,000 $165,262 $3,527 3.19%

    For 2020, Sunstreet Mortgage's most frequently originated type of loan was Conventional, with 3,458 originations. Their 2nd most popular type was FHA, with 838 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,580 $580,090,000 $224,841 $4,275 3.35%
    Refi 1,838 $407,500,000 $221,708 $2,817 3.09%
    Cash Out Refi 719 $146,945,000 $204,374 $3,727 3.38%

    For 2020, Sunstreet Mortgage's most frequently cited loan purpose was Home Purchase, with 2,580 originations. The 2nd most popular reason was Refi, with 1,838 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,561 $1,021,655,000 $223,998 $3,759 3.30%
    15 Year 380 $74,570,000 $196,237 $2,984 2.82%
    20 Year 125 $26,005,000 $208,040 $3,209 3.22%
    Other 47 $8,625,000 $183,511 $2,871 3.16%
    10 Year 23 $3,165,000 $137,609 $2,491 2.72%
    1 Year 1 $515,000 $515,000 $15,663 7.50%

    For 2020, Sunstreet Mortgage's most frequently cited loan duration was 30 Year, with 4,561 originations. The 2nd most popular length was 15 Year, with 380 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,211 $474,895,000 $214,787
    $<1k 2,098 $478,120,000 $227,893
    $2k-3k 419 $80,945,000 $193,186
    $3k-4k 224 $47,430,000 $211,741
    $4k-5k 115 $29,075,000 $252,826
    $5k+ 70 $24,070,000 $343,857

    Sunstreet Mortgage's average total fees were $3,759, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,211 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,754 $599,030,000 $217,513
    2.5-3% 1,666 $382,700,000 $229,712
    <2.5% 357 $86,885,000 $243,375
    4-5% 323 $58,865,000 $182,245
    5-6% 36 $6,540,000 $181,667
    7-8% 1 $515,000 $515,000

    During 2020, Sunstreet Mortgage's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 2,754 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,292 $353,370,000 $154,175 $3,201 3.32%
    $200k-400k 2,198 $593,970,000 $270,232 $4,172 3.19%
    $100,000 or less 312 $25,380,000 $81,346 $2,787 3.43%
    $400k-600k 309 $142,165,000 $460,081 $4,247 3.15%
    $600k-1MM 24 $16,970,000 $707,083 $7,984 3.18%
    $1MM+ 2 $2,680,000 $1,340,000 $3,610 3.38%

    2020 saw Sunstreet Mortgage place emphasis on $100k-200k loans with 2,292 originations, totaling $353,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,472 $239,470,000 $162,683 $3,386 3.26%
    $50k-75k 1,322 $264,060,000 $199,743 $3,972 3.30%
    $100k-150k 867 $226,645,000 $261,413 $3,612 3.22%
    $75k-100k 829 $193,635,000 $233,577 $3,936 3.26%
    $150k-250k 487 $152,755,000 $313,665 $3,446 3.24%
    $250k+ 160 $57,970,000 $362,313 $3,620 3.24%

    Sunstreet Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,472 originations. The second most popular income band? $50k-75k, with 1,322 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,119 $246,845,000 $220,594 $3,283 3.20%
    30-36% 902 $198,250,000 $219,789 $3,538 3.27%
    <20% 638 $141,390,000 $221,614 $2,926 3.04%
    50-60% 229 $51,785,000 $226,135 $5,685 3.24%
    44% 215 $46,675,000 $217,093 $4,385 3.42%
    39% 200 $45,070,000 $225,350 $3,722 3.39%
    43% 193 $42,615,000 $220,803 $3,939 3.36%
    42% 189 $41,455,000 $219,339 $3,769 3.41%
    38% 184 $39,690,000 $215,707 $3,617 3.33%
    41% 183 $41,615,000 $227,404 $3,888 3.37%
    40% 179 $41,735,000 $233,156 $4,003 3.43%
    36% 161 $35,275,000 $219,099 $3,379 3.30%
    37% 148 $33,090,000 $223,581 $3,522 3.30%
    45% 123 $25,725,000 $209,146 $3,985 3.35%
    48% 120 $24,930,000 $207,750 $4,367 3.31%
    49% 120 $26,690,000 $222,417 $4,487 3.29%
    47% 111 $23,745,000 $213,919 $4,331 3.30%
    46% 99 $21,675,000 $218,939 $4,352 3.28%
    >60% 5 $1,335,000 $267,000 $4,706 3.08%

    Sunstreet Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,119 originations. The next most common DTI ratio? 30-36%, with 902 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,596 $1,008,770,000 $219,489 $3,635 3.26%
    Not provided 295 $69,095,000 $234,220 $3,690 3.27%
    Asian 109 $24,295,000 $222,890 $3,954 3.26%
    Black 96 $22,350,000 $232,813 $4,720 3.26%
    American Indian 37 $9,045,000 $244,459 $5,187 3.23%
    Native Hawaiian or Islander 4 $980,000 $245,000 $3,707 3.06%

    Approval Rates

    Total approvals of all applications
    98.59%

    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
    77.83%

    Sunstreet Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,137 $1,134,535,000 $220,856

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 169 $23,785,000 $140,740
    Single Family (1-4 Units):Site-Built 4,968 $1,110,750,000 $223,581

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 148 $19,720,000 $133,243 $2,488 3.13%
    40-60% 653 $124,415,000 $190,528 $2,684 3.05%
    60-80% 1,670 $378,870,000 $226,868 $3,038 3.29%
    80-100% 2,505 $569,465,000 $227,331 $4,162 3.31%
    Over 100% 136 $36,460,000 $268,088 $8,858 3.12%
    Under 20% 6 $660,000 $110,000 $2,609 2.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SUNSTREET MORTGAGE LLC Other type of mortgage Closing on a mortgage 1 100.0%