Sun Community Federal Credit U Mortgage Rates, Fees & Info

EL CENTRO, CA

LEI: 549300IS603VHWV5ZJ45

Tax ID: 95-1879075

Latest/2024 | 2023 Data | 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
  • 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 Home Purchase and Refi loans. Sun Community Federal Credit U has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, El Centro, Los Angeles, and San Diego among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Cash-out Refi 7.03% 4/5/25
    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.

    Sun Community Federal Credit U Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Sun Community Federal Credit U. 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

    43

    Origination Dollar Volume (All Markets)

    $11,755,000

    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
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $6,585,000 $598,636 $4,110 5.58%
    EL CENTRO, CA (FHA|USDA|VA) 30 $3,240,000 $108,000 $2,712 6.96%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $18,854 3.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $715,000 $715,000 $0 5.50%
    Sun Community Federal Credit U's top markets include Riverside, El Centro, Los Angeles, and San Diego among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $11,755,000 $273,372 $4,077 6.50%

    For 2019, Sun Community Federal Credit U's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 22 $1,710,000 $77,727 $3,132 7.21%
    Cash Out Refi 8 $1,990,000 $248,750 $2,314 5.75%
    Home Purchase 6 $3,990,000 $665,000 $10,994 4.83%
    Home Improvement 4 $150,000 $37,500 $500 7.88%
    Refi 3 $3,915,000 $1,305,000 $4,173 4.79%

    For 2019, Sun Community Federal Credit U's most frequently cited loan purpose was Other, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 25 $1,015,000 $40,600 $1,790 7.50%
    Other 7 $5,735,000 $819,286 $0 5.86%
    30 Year 6 $2,710,000 $451,667 $5,394 4.67%
    15 Year 3 $1,465,000 $488,333 $11,304 4.50%
    10 Year 1 $115,000 $115,000 $4,591 4.13%
    5 Year 1 $715,000 $715,000 $0 5.50%

    For 2019, Sun Community Federal Credit U's most frequently cited loan duration was 20 Year, with 25 originations. The 2nd most popular length was Other, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5 $1,205,000 $241,000
    $<1k 2 $880,000 $440,000
    $2k-3k 1 $705,000 $705,000
    $4k-5k 1 $205,000 $205,000
    $5k+ 1 $1,215,000 $1,215,000

    Sun Community Federal Credit U's average total fees were $5,394, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 11 $1,455,000 $132,273
    4-5% 8 $2,790,000 $348,750
    5-6% 8 $5,750,000 $718,750
    7-8% 8 $270,000 $33,750
    Over 8% 7 $275,000 $39,286
    3-4% 1 $1,215,000 $1,215,000

    During 2019, Sun Community Federal Credit U's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 6-7%, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,005,000 $40,200 $1,968 7.39%
    $100k-200k 7 $1,005,000 $143,571 $4,058 5.45%
    $600k-1MM 4 $2,830,000 $707,500 $6,279 4.81%
    $400k-600k 3 $1,585,000 $528,333 $0 6.08%
    $1MM+ 2 $4,920,000 $2,460,000 $18,854 4.81%
    $200k-400k 2 $410,000 $205,000 $5,001 4.75%

    2019 saw Sun Community Federal Credit U place emphasis on $100,000 or less loans with 25 originations, totaling $1,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 9 $425,000 $47,222 $1,314 7.43%
    $150k-250k 7 $2,495,000 $356,429 $4,474 5.16%
    $50k or less 7 $425,000 $60,714 $4,483 7.09%
    $50k-75k 6 $270,000 $45,000 $494 7.50%
    $100k-150k 4 $320,000 $80,000 $3,793 6.56%
    $250k+ 2 $1,340,000 $670,000 $18,854 4.63%

    Sun Community Federal Credit U lent most frequently to those with incomes in the $75k-100k range, with 9 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 6 $470,000 $78,333 $2,050 7.10%
    50-60% 5 $265,000 $53,000 $494 6.90%
    45% 5 $925,000 $185,000 $8,300 6.60%
    20-30% 3 $735,000 $245,000 $3,640 5.29%
    39% 3 $1,285,000 $428,333 $9,677 6.75%
    36% 3 $295,000 $98,333 $3,793 6.92%
    37% 2 $730,000 $365,000 $4,709 6.75%
    44% 1 $185,000 $185,000 $3,524 4.75%
    46% 1 $25,000 $25,000 $10,390 7.50%
    49% 1 $25,000 $25,000 $0 6.50%
    30-36% 1 $45,000 $45,000 $0 6.50%
    38% 1 $45,000 $45,000 $0 8.50%
    41% 1 $75,000 $75,000 $2,990 4.88%
    42% 1 $45,000 $45,000 $500 8.50%

    Sun Community Federal Credit U lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 50-60%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $5,780,000 $963,333 $0 5.75%
    White 32 $3,810,000 $119,063 $2,602 6.75%
    Not provided 5 $2,165,000 $433,000 $8,207 5.83%

    Approval Rates

    Total approvals of all applications
    65.35%

    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
    51.16%

    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
    NA 43 $11,755,000 $273,372

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,900,000 $1,225,000
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 37 $6,685,000 $180,676

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $240,000 $60,000 $764 8.25%
    40-60% 3 $995,000 $331,667 $2,954 4.88%
    60-80% 11 $3,595,000 $326,818 $5,327 5.15%
    80-100% 2 $1,820,000 $910,000 $12,341 4.00%
    Over 100% 2 $4,250,000 $2,125,000 $0 6.19%
    Under 20% 21 $855,000 $40,714 $1,911 7.38%