Suma Yonkers Federal Credit Union Mortgage Rates, Fees & Info

Yonkers, NY

LEI: 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 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, Bridgeport, Providence, Poughkeepsie, and New Haven among others. We have data for 11 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

83

Origination Dollar Volume (All Markets)

$31,335,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 47 $21,795,000 $463,723 $0 0.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 25 $6,795,000 $271,800 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Suma Yonkers Federal Credit Union's top markets include New York, Bridgeport, Providence, Poughkeepsie, and New Haven among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $31,335,000 $377,530 $0 0.00%

    For 2020, Suma Yonkers Federal Credit Union's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $13,045,000 $372,714 $0 0.00%
    Cash Out Refi 26 $12,710,000 $488,846 $0 0.00%
    Refi 22 $5,580,000 $253,636 $0 0.00%

    For 2020, Suma Yonkers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $31,335,000 $377,530 $0 0.00%

    For 2020, Suma Yonkers Federal Credit Union's most frequently cited loan duration was Other, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,875,000 $282,143 $0 0.00%
    $400k-600k 18 $8,430,000 $468,333 $0 0.00%
    $100k-200k 17 $2,705,000 $159,118 $0 0.00%
    $600k-1MM 7 $5,005,000 $715,000 $0 0.00%
    $1MM+ 4 $5,180,000 $1,295,000 $0 0.00%
    $100,000 or less 2 $140,000 $70,000 $0 0.00%

    2020 saw Suma Yonkers Federal Credit Union place emphasis on $200k-400k loans with 35 originations, totaling $9,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $8,300,000 $377,273 $0 0.00%
    $100k-150k 16 $5,170,000 $323,125 $0 0.00%
    $75k-100k 12 $2,770,000 $230,833 $0 0.00%
    $250k+ 11 $8,925,000 $811,364 $0 0.00%
    $50k-75k 8 $2,210,000 $276,250 $0 0.00%

    Suma Yonkers Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 83 $31,335,000 $377,530 $0 0.00%

    Suma Yonkers Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $31,335,000 $377,530 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.74%

    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 origination
    92.77%

    Suma Yonkers Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 83 $31,335,000 $377,530

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,045,000 $348,333
    Single Family (1-4 Units):Site-Built 80 $30,290,000 $378,625

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Closing on a mortgage 1 16.7%
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Trouble during payment process 2 33.3%
    SIMMONS FIRST NATIONAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 16.7%