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: San Diego, Visalia, Sacramento, Fresno, and Chico among others. We have data for 5 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 a below average pick rate when compared to similar lenders.
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Originations
25Origination Dollar Volume (All Markets)
$9,885,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $4,935,000 | $379,615 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $9,640,000 | $401,667 | $0 | 0.00% |
| HELOC | 1 | $245,000 | $245,000 | n/a | 0.00% |
For 2019, Suncrest Bank's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $7,765,000 | $408,684 | $0 | 0.00% |
| Refi | 5 | $1,915,000 | $383,000 | $0 | 0.00% |
| Home Improvement | 1 | $205,000 | $205,000 | $0 | 0.00% |
For 2019, Suncrest Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $9,885,000 | $395,400 | $0 | 0.00% |
For 2019, Suncrest Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2019 saw Suncrest Bank place emphasis on $400k-600k loans with 11 originations, totaling $5,275,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 3 | $985,000 | $328,333 | $0 | 0.00% |
| $250k+ | 3 | $635,000 | $211,667 | $0 | 0.00% |
| $50k-75k | 1 | $565,000 | $565,000 | $0 | 0.00% |
Suncrest Bank lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $250k+, 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 origination88.00%
Suncrest Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $9,885,000 | $395,400 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 8 | $4,090,000 | $511,250 |
| Single Family (1-4 Units):Site-Built | 17 | $5,795,000 | $340,882 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 2 | $900,000 | $450,000 | $0 | 0.00% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SN SERVICING CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 1.9% |
| SN SERVICING CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 26 | 48.1% |
| SN SERVICING CORPORATION | Conventional home mortgage | Trouble during payment process | 15 | 27.8% |
| SN SERVICING CORPORATION | FHA mortgage | Incorrect information on your report | 1 | 1.9% |
| SN SERVICING CORPORATION | FHA mortgage | Struggling to pay mortgage | 2 | 3.7% |
| SN SERVICING CORPORATION | FHA mortgage | Trouble during payment process | 2 | 3.7% |
| SN SERVICING CORPORATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 1.9% |
| SN SERVICING CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 1.9% |
| SN SERVICING CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 1.9% |
| SN SERVICING CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 1.9% |
| SN SERVICING CORPORATION | Other type of mortgage | Trouble during payment process | 3 | 5.6% |