Sun Community Federal Credit U Mortgage Rates, Fees & Info

EL CENTRO, CA

LEI: 549300IS603VHWV5ZJ45

Tax ID: 95-1879075

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Sun Community Federal Credit U is a smaller mortgage company specializing in Refi and Home Purchase loans. Sun Community Federal Credit U has a high proportion of conventional loans. Their top two markets are El Centro and Riverside .

    Sun Community Federal Credit U 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. Sun Community Federal Credit U 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.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $20,510,000

    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
    EL CENTRO, CA (FHA|USDA|VA) 32 $16,710,000 $522,188 $3,486 6.10%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $3,800,000 $950,000 $4,929 5.56%
    Sun Community Federal Credit U's top markets include El Centro and Riverside among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $20,510,000 $569,722 $3,727 6.04%

    For 2018, Sun Community Federal Credit U's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 12 $720,000 $60,000 $2,353 6.65%
    Refi 10 $10,540,000 $1,054,000 $5,062 5.73%
    Home Purchase 8 $7,700,000 $962,500 $4,929 5.56%
    Cash Out Refi 6 $1,550,000 $258,333 $2,603 5.99%

    For 2018, Sun Community Federal Credit U's most frequently cited loan purpose was Other, with 12 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $17,980,000 $998,889 $2,506 5.99%
    20 Year 11 $625,000 $56,818 $108 6.73%
    15 Year 3 $435,000 $145,000 $2,603 5.04%
    30 Year 3 $745,000 $248,333 $5,715 5.08%
    10 Year 1 $725,000 $725,000 $0 5.25%

    For 2018, Sun Community Federal Credit U's most frequently cited loan duration was Other, with 18 originations. The 2nd most popular length was 20 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $325,000 $108,333
    $2k-3k 1 $95,000 $95,000
    $5k+ 1 $465,000 $465,000

    Sun Community Federal Credit U's average total fees were $5,715, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 14 $12,640,000 $902,857
    6-7% 13 $3,715,000 $285,769
    4-5% 5 $1,905,000 $381,000
    7-8% 4 $2,250,000 $562,500

    During 2018, Sun Community Federal Credit U's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $505,000 $45,909 $3,235 6.41%
    $1MM+ 7 $13,415,000 $1,916,429 $0 5.94%
    $200k-400k 7 $2,185,000 $312,143 $0 6.33%
    $100k-200k 5 $695,000 $139,000 $2,518 5.65%
    $400k-600k 4 $2,080,000 $520,000 $7,618 5.44%
    $600k-1MM 2 $1,630,000 $815,000 $0 5.56%

    2018 saw Sun Community Federal Credit U place emphasis on $100,000 or less loans with 11 originations, totaling $505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5 $405,000 $81,000 $108 6.33%
    $50k or less 4 $170,000 $42,500 $2,506 6.56%
    $50k-75k 3 $195,000 $65,000 $3,600 5.58%
    $150k-250k 2 $220,000 $110,000 $0 6.25%
    $75k-100k 2 $210,000 $105,000 $4,929 5.81%
    $250k+ 1 $465,000 $465,000 $7,618 4.38%

    Sun Community Federal Credit U lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 5 $315,000 $63,000 $0 6.40%
    <20% 3 $545,000 $181,667 $7,618 6.13%
    30-36% 2 $250,000 $125,000 $4,598 5.19%
    40% 1 $25,000 $25,000 $0 7.50%
    42% 1 $75,000 $75,000 $2,603 4.50%
    43% 1 $185,000 $185,000 $4,929 5.13%
    36% 1 $135,000 $135,000 $108 6.00%
    46% 1 $25,000 $25,000 $0 7.50%
    47% 1 $65,000 $65,000 $2,506 4.75%
    44% 1 $45,000 $45,000 $0 7.00%

    Sun Community Federal Credit U lent most frequently to those with DTI ratios of 50-60%, with 5 originations. The next most common DTI ratio? <20%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $14,680,000 $1,048,571 $0 5.72%
    White 22 $5,830,000 $265,000 $3,727 6.25%

    Approval Rates

    Total approvals of all applications
    48.11%

    Sun Community Federal Credit U has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    63.89%

    Sun Community Federal Credit U has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    193.75 1 $155,000 $155,000
    NA 35 $20,355,000 $581,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $16,720,000 $1,194,286
    Single Family (1-4 Units):Site-Built 22 $3,790,000 $172,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $240,000 $60,000 $2,554 5.56%
    40-60% 2 $260,000 $130,000 $0 5.31%
    60-80% 14 $12,390,000 $885,000 $4,108 5.89%
    80-100% 2 $2,390,000 $1,195,000 $4,929 5.44%
    Over 100% 6 $4,690,000 $781,667 $0 5.90%
    Under 20% 7 $285,000 $40,714 $0 7.00%