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, Miami, Atlanta, and Poughkeepsie among others. We have data for 16 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
111Origination Dollar Volume (All Markets)
$43,385,000Top 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) | 61 | $25,915,000 | $424,836 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 21 | $6,485,000 | $308,810 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,705,000 | $541,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $1,965,000 | $1,965,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 111 | $43,385,000 | $390,856 | $0 | 0.00% |
For 2021, Suma Yonkers Federal Credit Union's most frequently originated type of loan was Conventional, with 111 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 51 | $17,115,000 | $335,588 | $0 | 0.00% |
| Cash Out Refi | 39 | $17,925,000 | $459,615 | $0 | 0.00% |
| Refi | 21 | $8,345,000 | $397,381 | $0 | 0.00% |
For 2021, Suma Yonkers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $43,385,000 | $390,856 | $0 | 0.00% |
For 2021, Suma Yonkers Federal Credit Union's most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2021 saw Suma Yonkers Federal Credit Union place emphasis on $200k-400k loans with 44 originations, totaling $12,350,000 in origination value.
Applicant Income
Suma Yonkers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $43,385,000 | $390,856 | $0 | 0.00% |
Suma Yonkers Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 111 | $43,385,000 | $390,856 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.31%
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 origination95.50%
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 | 111 | $43,385,000 | $390,856 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SIMMONS FIRST NATIONAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| SIMMONS FIRST NATIONAL CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| SIMMONS FIRST NATIONAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 40.0% |