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 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
83Origination Dollar Volume (All Markets)
$31,335,000Top 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) | 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% |
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
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
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 applications96.74%
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 origination92.77%
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% |