Suma Yonkers Federal Credit Union Mortgage Rates, Fees & Info
Yonkers, NYLEI: 549300RJ5S2V4F8C4H36
Tax ID: 13-2539506
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Mortgage Data
Review & Overview
Suma Yonkers Federal Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Suma Yonkers Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Bridgeport, Poughkeepsie, Buffalo, and Baltimore 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 an above average pick rate when compared to similar lenders.
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Originations
72Origination Dollar Volume (All Markets)
$27,770,000Top 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) | 41 | $19,905,000 | $485,488 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 17 | $4,585,000 | $269,706 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $27,770,000 | $385,694 | $0 | 0.00% |
For 2019, Suma Yonkers Federal Credit Union's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 49 | $14,535,000 | $296,633 | $0 | 0.00% |
| Cash Out Refi | 16 | $6,760,000 | $422,500 | $0 | 0.00% |
| Refi | 7 | $6,475,000 | $925,000 | $0 | 0.00% |
For 2019, Suma Yonkers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $27,770,000 | $385,694 | $0 | 0.00% |
For 2019, Suma Yonkers Federal Credit Union's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2019 saw Suma Yonkers Federal Credit Union place emphasis on $200k-400k loans with 28 originations, totaling $7,500,000 in origination value.
Applicant Income
Suma Yonkers Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $27,770,000 | $385,694 | $0 | 0.00% |
Suma Yonkers Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 71 | $27,415,000 | $386,127 | $0 | 0.00% |
| Black | 1 | $355,000 | $355,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.94%
Suma Yonkers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.83%
Suma Yonkers Federal Credit Union 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 |
|---|---|---|---|
| Exempt | 72 | $27,770,000 | $385,694 |