Suncrest Bank Mortgage Rates, Fees & Info
Visalia, CALEI: 549300QBRBO3IPG41P80
Tax ID: 51-0647623
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Mortgage Data
Review & Overview
Suncrest Bank is a smaller bank specializing in Home Purchase loans. Suncrest Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, San Diego, Visalia, Madera, and San Francisco among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Suncrest Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
42Origination Dollar Volume (All Markets)
$31,990,000Top 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 |
|---|---|---|---|---|---|
| FRESNO, CA (FHA|USDA|VA) | 10 | $13,430,000 | $1,343,000 | $0 | 5.52% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 22 | $11,030,000 | $501,364 | $0 | 6.93% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $4,050,000 | $1,012,500 | $0 | 5.40% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $0 | 6.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 4.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 6.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 5.63% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $31,990,000 | $761,667 | $0 | 6.27% |
For 2018, Suncrest Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $28,020,000 | $824,118 | $0 | 6.39% |
| Refi | 7 | $3,765,000 | $537,857 | $0 | 5.79% |
| Cash Out Refi | 1 | $205,000 | $205,000 | $0 | 5.50% |
For 2018, Suncrest Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 21 | $9,485,000 | $451,667 | $0 | 7.01% |
| 10 Year | 18 | $19,050,000 | $1,058,333 | $0 | 5.57% |
| Other | 3 | $3,455,000 | $1,151,667 | $0 | 5.29% |
For 2018, Suncrest Bank's most frequently cited loan duration was 1 Year, with 21 originations. The 2nd most popular length was 10 Year, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 21 | $9,285,000 | $442,143 |
| 5-6% | 18 | $18,200,000 | $1,011,111 |
| 4-5% | 2 | $4,050,000 | $2,025,000 |
| 7-8% | 1 | $455,000 | $455,000 |
During 2018, Suncrest Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.
Loan Sizing
2018 saw Suncrest Bank place emphasis on $200k-400k loans with 17 originations, totaling $5,375,000 in origination value.
Applicant Income
Suncrest Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Suncrest Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.24%
Suncrest Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 42 | $31,990,000 | $761,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 15 | $18,825,000 | $1,255,000 |
| Single Family (1-4 Units):Site-Built | 27 | $13,165,000 | $487,593 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 7 | $3,065,000 | $437,857 | $0 | 5.79% |
| 60-80% | 35 | $28,925,000 | $826,429 | $0 | 6.37% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SYNCHRONY FINANCIAL | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| SYNCHRONY FINANCIAL | Conventional home mortgage | Closing on a mortgage | 1 | 25.0% |
| SYNCHRONY FINANCIAL | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| SYNCHRONY FINANCIAL | Other type of mortgage | Trouble during payment process | 1 | 25.0% |