Sunrise Family Credit Union Mortgage Rates, Fees & Info

Bay City, MI

LEI: 549300P1I25L8ILSI852

Tax ID: 38-1642684

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

    Sunrise Family Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Sunrise Family Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bay City, Midland, Saginaw, and Detroit among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sunrise Family Credit Union has an above average approval rate when compared to the average across all lenders. Sunrise Family Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 11/11/24
    15 Year Conventional Purchase 4.27% 11/11/24
    15 Year Conventional Refi 5.93% 11/11/24
    15 Year Cash-out Refi 5.93% 11/11/24
    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.

    Sunrise Family Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Sunrise Family Credit Union. 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

    72

    Origination Dollar Volume (All Markets)

    $7,380,000

    Awards

    SUNRISE FAMILY CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) 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
    BAY CITY, MI (FHA|USDA|VA) 60 $5,960,000 $99,333 $1,679 3.57%
    Outside of Metro Areas 5 $595,000 $119,000 $1,847 3.25%
    MIDLAND, MI (FHA|USDA|VA) 2 $350,000 $175,000 $1,993 3.38%
    SAGINAW, MI (FHA|USDA|VA) 4 $270,000 $67,500 $1,730 4.16%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,553 2.88%
    Sunrise Family Credit Union's top markets include Bay City, Midland, Saginaw, and Detroit among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SUNRISE FAMILY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Great Lakes Federal Credit Union
    Similarity Rank: 28
    FinancialEdge Community Credit Union
    Similarity Rank: 54
    SUNRISE FAMILY CREDIT UNION
    Similarity Rank: 55
    JOLT CREDIT UNION
    Similarity Rank: 117
    Wanigas Credit Union
    Similarity Rank: 180
    MEMBERS FIRST Credit Union
    Similarity Rank: 224
    Frankenmuth Credit Union
    Similarity Rank: 270
    DOW CHEMICAL EMPLOYEES'
    Similarity Rank: 546
    Independent Bank
    Similarity Rank: 1258
    LAKE MICHIGAN CREDIT UNION
    Similarity Rank: 1672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $7,300,000 $104,286 $1,716 3.47%
    HELOC 2 $80,000 $40,000 n/a 6.99%

    For 2020, Sunrise Family Credit Union's most frequently originated type of loan was Conventional, with 70 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 33 $2,695,000 $81,667 $1,316 3.93%
    Home Purchase 24 $2,740,000 $114,167 $2,146 3.47%
    Refi 15 $1,945,000 $129,667 $1,853 2.93%

    For 2020, Sunrise Family Credit Union's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 29 $2,685,000 $92,586 $1,556 3.78%
    10 Year 22 $1,890,000 $85,909 $1,317 3.62%
    30 Year 18 $2,530,000 $140,556 $2,481 3.14%
    20 Year 1 $145,000 $145,000 $2,188 3.13%
    5 Year 1 $35,000 $35,000 $818 5.00%
    Other 1 $95,000 $95,000 $1,424 2.99%

    For 2020, Sunrise Family Credit Union's most frequently cited loan duration was 15 Year, with 29 originations. The 2nd most popular length was 10 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 66 $6,850,000 $103,788
    $1k-2k 4 $450,000 $112,500

    Sunrise Family Credit Union's average total fees were $2,481, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 66 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 31 $3,325,000 $107,258
    2.5-3% 27 $3,135,000 $116,111
    4-5% 7 $605,000 $86,429
    5-6% 4 $130,000 $32,500
    6-7% 2 $80,000 $40,000
    <2.5% 1 $105,000 $105,000

    During 2020, Sunrise Family Credit Union's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,120,000 $58,889 $1,428 3.91%
    $100k-200k 31 $4,185,000 $135,000 $1,909 3.26%
    $200k-400k 5 $1,075,000 $215,000 $2,467 3.00%

    2020 saw Sunrise Family Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,530,000 $126,500 $1,783 3.54%
    $50k-75k 20 $1,650,000 $82,500 $1,711 3.62%
    $50k or less 11 $745,000 $67,727 $1,720 3.57%
    $75k-100k 11 $1,025,000 $93,182 $1,525 3.60%
    $150k-250k 8 $1,050,000 $131,250 $1,810 3.34%
    $250k+ 2 $380,000 $190,000 $1,765 4.13%

    Sunrise Family Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $2,405,000 $104,565 $1,725 3.64%
    <20% 15 $1,725,000 $115,000 $1,897 3.34%
    30-36% 11 $995,000 $90,455 $1,810 3.34%
    36% 4 $330,000 $82,500 $1,874 3.28%
    43% 3 $335,000 $111,667 $1,488 3.50%
    38% 3 $255,000 $85,000 $1,144 4.00%
    44% 3 $245,000 $81,667 $1,703 4.38%
    >60% 2 $110,000 $55,000 $942 5.00%
    39% 2 $320,000 $160,000 $1,608 3.38%
    40% 2 $370,000 $185,000 $2,373 2.88%
    42% 1 $45,000 $45,000 $1,287 2.99%
    41% 1 $35,000 $35,000 $818 5.00%
    46% 1 $145,000 $145,000 $1,634 3.50%
    37% 1 $65,000 $65,000 $1,420 3.50%

    Sunrise Family Credit Union lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $7,295,000 $102,746 $1,702 3.56%
    Black 1 $85,000 $85,000 $2,656 3.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    Sunrise Family Credit Union 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 72 $7,380,000 $102,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 72 $7,380,000 $102,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $665,000 $60,455 $1,299 4.23%
    40-60% 11 $835,000 $75,909 $1,356 3.36%
    60-80% 21 $2,615,000 $124,524 $1,877 3.35%
    80-100% 27 $3,215,000 $119,074 $1,954 3.42%
    Under 20% 2 $50,000 $25,000 $684 5.38%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SYNERGY ONE LENDING, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 33.3%
    SYNERGY ONE LENDING, INC. Conventional home mortgage Closing on a mortgage 1 11.1%
    SYNERGY ONE LENDING, INC. Conventional home mortgage Trouble during payment process 1 11.1%
    SYNERGY ONE LENDING, INC. FHA mortgage Closing on a mortgage 1 11.1%
    SYNERGY ONE LENDING, INC. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    SYNERGY ONE LENDING, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    SYNERGY ONE LENDING, INC. VA mortgage Closing on a mortgage 1 11.1%