Suncoast Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300TOOOOW36EX6R40

Tax ID: 59-0291451

5 stars - Updated: 5/20/24 - out of 5 stars, based on 87 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Suncoast Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Suncoast Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Cape Coral, North Port, Naples, and Punta Gorda among others. We have data for 57 markets. (Some data included below & more in-depth data is available with an active subscription.)

Suncoast Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Suncoast Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 5.86% 5/20/24
30 Year Conventional Refi 5.99% 5/20/24
30 Year Cash-out Refi 5.95% 5/20/24
15 Year Conventional Purchase 5.29% 5/20/24
15 Year Conventional Refi 5.46% 5/20/24
15 Year Cash-out Refi 5.46% 5/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Suncoast Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Suncoast Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

7,511

Origination Dollar Volume (All Markets)

$906,465,000
Show all (28) awards

Relative Rate

Suncoast Credit Union's average 30 year fixed mortgage rate was 5.53%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.95%.

Relative Fees (Closing Costs)

Suncoast Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,108.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3,313 $369,825,000 $111,628 $4,046 7.93%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1,519 $195,565,000 $128,746 $4,158 7.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 772 $94,040,000 $121,813 $4,058 7.85%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 542 $64,570,000 $119,133 $4,373 8.00%
PUNTA GORDA, FL (FHA|USDA|VA) 324 $40,920,000 $126,296 $3,979 7.58%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 294 $27,310,000 $92,891 $3,622 7.92%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 166 $20,830,000 $125,482 $3,784 7.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 77 $17,605,000 $228,636 $4,308 7.17%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 92 $15,000,000 $163,043 $4,726 7.37%
OCALA, FL (FHA|USDA|VA) 65 $8,075,000 $124,231 $3,707 7.47%
THE VILLAGES, FL (FHA|USDA|VA) 59 $7,175,000 $121,610 $3,475 7.78%
GAINESVILLE, FL (FHA|USDA|VA) 33 $4,835,000 $146,515 $4,145 7.62%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 40 $4,440,000 $111,000 $3,528 7.45%
JACKSONVILLE, FL (FHA|USDA|VA) 15 $4,345,000 $289,667 $4,111 6.28%
Clewiston, FL (FHA|USDA|VA) 44 $3,850,000 $87,500 $3,439 8.27%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 23 $3,815,000 $165,870 $3,937 7.21%
Outside of Metro Areas 23 $3,675,000 $159,783 $3,229 6.53%
TALLAHASSEE, FL (FHA|USDA|VA) 14 $2,790,000 $199,286 $3,871 6.33%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $1,800,000 $225,000 $4,559 6.28%
PORT ST. LUCIE, FL (FHA|USDA|VA) 8 $1,410,000 $176,250 $4,392 6.77%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,370,000 $685,000 $3,023 4.69%
Wauchula, FL (FHA|USDA|VA) 17 $1,225,000 $72,059 $3,776 8.07%
Arcadia, FL (FHA|USDA|VA) 15 $1,205,000 $80,333 $3,092 7.61%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $975,000 $195,000 $4,022 5.85%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $780,000 $390,000 $3,450 4.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $750,000 $187,500 $2,953 8.13%
Key West, FL (FHA|USDA|VA) 1 $705,000 $705,000 $8,467 6.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $705,000 $705,000 $4,602 5.88%
MORRISTOWN, TN (FHA|USDA|VA) 1 $525,000 $525,000 $3,908 4.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $4,113 6.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $415,000 $415,000 $4,575 5.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $3,995 5.38%
LYNCHBURG, VA (FHA|USDA|VA) 1 $395,000 $395,000 $3,252 5.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,972 5.50%
Lake City, FL (FHA|USDA|VA) 2 $380,000 $190,000 $4,126 5.88%
Cookeville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $3,159 4.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,355 4.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,628 4.38%
Palatka, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,356 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,787 5.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,842 4.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $235,000 $235,000 $2,867 4.38%
DOTHAN, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,895 4.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,902 5.50%
Cornelia, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,533 4.38%
FLORENCE, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,385 6.00%
Mount Airy, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,725 5.38%
Douglas, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,637 5.25%
Okeechobee, FL (FHA|USDA|VA) 3 $145,000 $48,333 $3,346 7.46%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,755 5.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,850 4.50%
Thomasville, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,904 6.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $3,464 4.50%
LaGrange, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,950 5.88%
COLUMBIA, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,057 6.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $1,377 5.50%
Suncoast Credit Union's top markets include Tampa, Cape Coral, North Port, Naples, and Punta Gorda among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Suncoast Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 5,836 $417,460,000 $71,532 n/a 8.48%
    Conventional 1,675 $489,005,000 $291,943 $4,034 5.56%

    For 2023, Suncoast Credit Union's most frequently originated type of loan was HELOC, with 5,836 originations. Their 2nd most popular type was Conventional, with 1,675 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 2,868 $193,710,000 $67,542 $3,173 8.61%
    Home Improvement 2,494 $178,100,000 $71,411 $3,060 8.28%
    Home Purchase 1,571 $455,095,000 $289,685 $4,164 5.82%
    Refi 374 $36,360,000 $97,219 $3,004 8.20%
    Cash Out Refi 204 $43,200,000 $211,765 $3,527 5.96%

    For 2023, Suncoast Credit Union's most frequently cited loan purpose was Other, with 2,868 originations. The 2nd most popular reason was Home Improvement, with 2,494 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 4,010 $316,600,000 $78,953 $1,805 8.00%
    30 Year 1,553 $470,565,000 $303,004 $4,108 5.53%
    15 Year 1,016 $63,980,000 $62,972 $3,118 9.78%
    10 Year 530 $25,690,000 $48,472 $2,543 9.32%
    20 Year 222 $23,030,000 $103,739 $3,375 7.46%
    5 Year 180 $6,600,000 $36,667 $0 8.87%

    For 2023, Suncoast Credit Union's most frequently cited loan duration was Other, with 4,010 originations. The 2nd most popular length was 30 Year, with 1,553 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,452 $429,740,000 $295,964
    $1k-2k 65 $10,655,000 $163,923
    $3k-4k 60 $18,490,000 $308,167
    $2k-3k 47 $9,965,000 $212,021
    $4k-5k 30 $11,080,000 $369,333
    $5k+ 16 $7,730,000 $483,125

    Suncoast Credit Union's average total fees were $4,108, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,452 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 3,813 $257,875,000 $67,630
    7-8% 1,633 $133,075,000 $81,491
    5-6% 812 $231,420,000 $285,000
    6-7% 760 $131,040,000 $172,421
    4-5% 462 $142,220,000 $307,835
    3-4% 29 $10,185,000 $351,207
    2.5-3% 2 $650,000 $325,000

    During 2023, Suncoast Credit Union's average interest rate for loans was 5.53%, while their most frequently originated rate bucket for loans was Over 8%, with 3,813 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,687 $238,375,000 $50,859 $2,517 8.50%
    $100k-200k 1,320 $172,140,000 $130,409 $3,162 7.63%
    $200k-400k 1,210 $346,630,000 $286,471 $4,076 5.99%
    $400k-600k 254 $119,730,000 $471,378 $5,224 5.63%
    $600k-1MM 37 $26,575,000 $718,243 $6,589 5.34%
    $1MM+ 3 $3,015,000 $1,005,000 $8,577 4.71%

    2023 saw Suncoast Credit Union place emphasis on $100,000 or less loans with 4,687 originations, totaling $238,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,077 $300,835,000 $144,841 $4,189 7.66%
    $50k-75k 1,688 $131,520,000 $77,915 $3,466 8.02%
    $75k-100k 1,567 $169,555,000 $108,204 $3,767 7.89%
    $150k-250k 1,126 $190,120,000 $168,845 $4,692 7.70%
    $50k or less 717 $42,335,000 $59,045 $2,973 7.99%
    $250k+ 270 $67,200,000 $248,889 $5,602 7.41%

    Suncoast Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,077 originations. The second most popular income band? $50k-75k, with 1,688 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,234 $174,490,000 $141,402 $4,187 7.54%
    50-60% 1,157 $88,065,000 $76,115 $3,480 8.41%
    20-30% 1,055 $132,905,000 $125,976 $3,798 7.59%
    >60% 468 $41,410,000 $88,483 $3,733 8.30%
    44% 305 $41,565,000 $136,279 $3,993 7.77%
    40% 264 $40,180,000 $152,197 $4,042 7.57%
    <20% 262 $32,100,000 $122,519 $4,151 7.62%
    43% 258 $32,330,000 $125,310 $3,956 7.77%
    37% 257 $38,645,000 $150,370 $4,188 7.46%
    36% 256 $34,310,000 $134,023 $4,012 7.56%
    41% 251 $34,295,000 $136,633 $4,067 7.80%
    38% 243 $34,965,000 $143,889 $4,037 7.46%
    42% 239 $30,485,000 $127,552 $4,040 7.72%
    39% 237 $33,525,000 $141,456 $4,030 7.60%
    45% 218 $27,710,000 $127,110 $4,536 7.92%
    48% 214 $23,130,000 $108,084 $3,764 8.12%
    46% 210 $22,360,000 $106,476 $4,112 8.02%
    47% 191 $23,495,000 $123,010 $4,153 8.01%
    49% 182 $18,650,000 $102,473 $4,129 8.04%

    Suncoast Credit Union lent most frequently to those with DTI ratios of 30-36%, with 1,234 originations. The next most common DTI ratio? 50-60%, with 1,157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,823 $675,555,000 $116,015 $4,045 7.86%
    Not provided 888 $130,420,000 $146,869 $4,004 7.58%
    Black 586 $62,390,000 $106,468 $3,827 8.03%
    Asian 117 $24,925,000 $213,034 $4,339 7.13%
    American Indian 55 $6,335,000 $115,182 $3,915 7.94%
    Asian Indian 12 $4,390,000 $365,833 $4,442 5.83%
    Native Hawaiian or Islander 16 $1,030,000 $64,375 $0 8.61%
    Other Pacific Islander 7 $625,000 $89,286 $2,818 7.04%
    Other Asian 2 $390,000 $195,000 $4,222 7.00%
    Chinese 1 $285,000 $285,000 $2,318 5.50%
    Filipino 3 $105,000 $35,000 $0 8.33%
    Guamanian 1 $15,000 $15,000 $0 9.25%

    Approval Rates

    Total approvals of all applications
    67.71%

    Suncoast Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    81.49%

    Suncoast Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,511 $906,465,000 $120,685

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,511 $906,465,000 $120,685

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,481 $168,685,000 $113,899 $3,207 8.13%
    40-60% 315 $63,495,000 $201,571 $3,498 6.75%
    60-80% 421 $129,405,000 $307,375 $4,262 5.83%
    80-100% 937 $307,745,000 $328,436 $4,215 5.45%
    Over 100% 1 $295,000 $295,000 $0 5.75%
    Under 20% 4,355 $236,805,000 $54,375 $2,464 8.51%