Suma Yonkers Federal Credit Union Mortgage Rates, Fees & Info
Yonkers, NYLEI: 549300RJ5S2V4F8C4H36
Tax ID: 13-2539506
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Suma Yonkers Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Suma Yonkers Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Poughkeepsie, North Port, and Tampa among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Suma Yonkers Federal Credit Union 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
69Origination Dollar Volume (All Markets)
$29,855,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 29 | $15,645,000 | $539,483 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $5,120,000 | $320,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $3,905,000 | $557,857 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $29,855,000 | $432,681 | $0 | 0.00% |
For 2024, Suma Yonkers Federal Credit Union's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 57 | $19,245,000 | $337,632 | $0 | 0.00% |
| Cash Out Refi | 8 | $8,460,000 | $1,057,500 | $0 | 0.00% |
| Refi | 4 | $2,150,000 | $537,500 | $0 | 0.00% |
For 2024, Suma Yonkers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 57 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 |
|---|---|---|---|---|---|
| Other | 69 | $29,855,000 | $432,681 | $0 | 0.00% |
For 2024, Suma Yonkers Federal Credit Union's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2024 saw Suma Yonkers Federal Credit Union place emphasis on $200k-400k loans with 31 originations, totaling $8,885,000 in origination value.
Applicant Income
Suma Yonkers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $29,855,000 | $432,681 | $0 | 0.00% |
Suma Yonkers Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Suma Yonkers Federal 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 origination85.51%
Suma Yonkers Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $29,855,000 | $432,681 |