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, New Haven, The Villages, and Albany among others. We have data for 17 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
117Origination Dollar Volume (All Markets)
$45,295,000Top 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) | 63 | $25,085,000 | $398,175 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 24 | $10,870,000 | $452,917 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $45,295,000 | $387,137 | $0 | 0.00% |
For 2022, Suma Yonkers Federal Credit Union's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 74 | $26,370,000 | $356,351 | $0 | 0.00% |
| Cash Out Refi | 35 | $16,415,000 | $469,000 | $0 | 0.00% |
| Refi | 8 | $2,510,000 | $313,750 | $0 | 0.00% |
For 2022, Suma Yonkers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $45,295,000 | $387,137 | $0 | 0.00% |
For 2022, Suma Yonkers Federal Credit Union's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2022 saw Suma Yonkers Federal Credit Union place emphasis on $200k-400k loans with 57 originations, totaling $15,885,000 in origination value.
Applicant Income
Suma Yonkers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $45,295,000 | $387,137 | $0 | 0.00% |
Suma Yonkers Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.74%
Suma Yonkers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination92.31%
Suma Yonkers Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $45,295,000 | $387,137 |