Suncoast Credit Union Mortgage Rates, Fees & Info
Tampa, FLLEI: 549300TOOOOW36EX6R40
Tax ID: 59-0291451
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Suncoast Credit Union is a small credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Suncoast Credit Union has a high proportion of conventional loans. Their top markets include Tampa, Cape Coral, North Port, Naples, and Punta Gorda among others. Suncoast Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Suncoast Credit Union is typically a low fee lendor.Originations
9,009Origination Dollar Volume (All Markets)
$1,276,255,000Awards
Suncoast Credit Union - 2021
Suncoast Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Suncoast Credit Union's average 30 year fixed rate mortgage of loans were
2.93%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.22%.
Relative Fees
Suncoast Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,948.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3,875 | $559,665,000 | $144,430 | $2,531 | 3.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2,126 | $292,240,000 | $137,460 | $2,483 | 3.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 862 | $118,100,000 | $137,007 | $2,580 | 3.27% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 641 | $104,905,000 | $163,658 | $2,677 | 3.23% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 419 | $50,695,000 | $120,990 | $2,399 | 3.26% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 403 | $43,245,000 | $107,308 | $2,371 | 3.29% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 145 | $19,425,000 | $133,966 | $2,739 | 3.26% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 68 | $15,880,000 | $233,529 | $3,135 | 2.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 71 | $13,085,000 | $184,296 | $2,899 | 2.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 63 | $9,725,000 | $154,365 | $2,627 | 3.29% |
| Clewiston, FL (FHA|USDA|VA) | 54 | $7,820,000 | $144,815 | $2,684 | 3.19% |
| OCALA, FL (FHA|USDA|VA) | 44 | $5,680,000 | $129,091 | $2,813 | 2.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 25 | $4,995,000 | $199,800 | $2,992 | 2.90% |
| GAINESVILLE, FL (FHA|USDA|VA) | 37 | $4,975,000 | $134,459 | $2,222 | 2.98% |
| Outside of Metro Areas | 27 | $4,205,000 | $155,741 | $2,243 | 2.73% |
| Wauchula, FL (FHA|USDA|VA) | 32 | $3,330,000 | $104,063 | $2,327 | 2.92% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 25 | $2,955,000 | $118,200 | $2,292 | 3.21% |
| Arcadia, FL (FHA|USDA|VA) | 24 | $2,660,000 | $110,833 | $2,494 | 3.43% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 15 | $2,635,000 | $175,667 | $2,284 | 2.82% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 13 | $1,855,000 | $142,692 | $2,285 | 2.60% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $2,235 | 2.39% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $4,171 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $2,144 | 2.52% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $2,701 | 3.59% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,303 | 2.56% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $1,790 | 2.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,569 | 2.63% |
| Lake City, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,934 | 3.31% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,093 | 2.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,486 | 2.56% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,875 | 2.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,523 | 2.63% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,732 | 2.63% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,844 | 2.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,332 | 2.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,705 | 2.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,716 | 2.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,320 | 2.63% |
| Palatka, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,933 | 2.50% |
Suncoast Credit Union's top markets include Tampa, Cape Coral, North Port, Naples, and Punta Gorda among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 9,009 | $1,276,255,000 | $141,664 | $2,533 | 3.20% |
For the 2021 period, Suncoast Credit Union's most frequently originated loan type of loans were Conventional, with 9,009 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 2,315 | $457,255,000 | $197,518 | $2,630 | 2.63% |
| Refi | 2,186 | $343,810,000 | $157,278 | $2,010 | 2.77% |
| Home Improvement | 1,861 | $110,925,000 | $59,605 | $2,615 | 4.13% |
| Other | 1,331 | $95,925,000 | $72,070 | $2,102 | 3.91% |
| Home Purchase | 1,316 | $268,340,000 | $203,906 | $3,222 | 2.93% |
For the 2021, Suncoast Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 2,315 originations. The 2nd most popular reason of loans were Refi, with 2,186 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,501 | $539,105,000 | $215,556 | $2,948 | 2.93% |
| 15 Year | 2,320 | $303,520,000 | $130,828 | $2,165 | 3.15% |
| Other | 1,596 | $102,430,000 | $64,179 | $1,878 | 4.02% |
| 20 Year | 1,298 | $242,500,000 | $186,826 | $2,357 | 2.75% |
| 10 Year | 940 | $77,460,000 | $82,404 | $1,930 | 3.20% |
| 5 Year | 352 | $11,110,000 | $31,563 | $0 | 3.47% |
| 1 Year | 2 | $130,000 | $65,000 | $0 | 5.50% |
For the 2021, Suncoast Credit Union's most frequently cited loan length of loans were 30 Year, with 2,501 originations. The 2nd most popular length of loans were 15 Year, with 2,320 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5,115 | $976,005,000 | $190,812 |
| $2k-3k | 228 | $42,150,000 | $184,868 |
| $1k-2k | 224 | $33,490,000 | $149,509 |
| $3k-4k | 110 | $31,760,000 | $288,727 |
| $5k+ | 18 | $8,730,000 | $485,000 |
$2,948 of loans were Suncoast Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,115 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,667 | $717,545,000 | $195,676 |
| 3-4% | 2,744 | $210,410,000 | $76,680 |
| <2.5% | 1,987 | $319,925,000 | $161,009 |
| 5-6% | 453 | $22,085,000 | $48,753 |
| 4-5% | 81 | $2,485,000 | $30,679 |
| 7-8% | 70 | $3,650,000 | $52,143 |
| 6-7% | 7 | $155,000 | $22,143 |
During 2021, Suncoast Credit Union's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,667 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3,747 | $191,605,000 | $51,136 | $1,826 | 3.81% |
| $100k-200k | 3,022 | $443,120,000 | $146,631 | $2,300 | 2.79% |
| $200k-400k | 2,032 | $531,390,000 | $261,511 | $2,935 | 2.74% |
| $400k-600k | 161 | $75,875,000 | $471,273 | $4,422 | 2.67% |
| $600k-1MM | 46 | $33,260,000 | $723,043 | $5,161 | 2.94% |
| $1MM+ | 1 | $1,005,000 | $1,005,000 | $4,759 | 2.63% |
2021 saw Suncoast Credit Union place emphasis on $100,000 or less loans with 3,747 originations, totaling $191,605,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 2,537 | $317,265,000 | $125,055 | $2,451 | 3.16% |
| $100k-150k | 1,933 | $317,845,000 | $164,431 | $2,660 | 3.19% |
| $75k-100k | 1,791 | $259,415,000 | $144,844 | $2,550 | 3.19% |
| $50k or less | 1,642 | $152,740,000 | $93,021 | $2,201 | 3.19% |
| $150k-250k | 884 | $174,670,000 | $197,590 | $2,991 | 3.34% |
| $250k+ | 174 | $49,680,000 | $285,517 | $3,627 | 3.29% |
Suncoast Credit Union lent most frequently to those with incomes in the $50k-75k range, with 2,537 originations. The second most popular income band? $100k-150k, with 1,933 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2,126 | $308,740,000 | $145,221 | $2,550 | 3.10% |
| 30-36% | 1,694 | $258,100,000 | $152,361 | $2,709 | 3.11% |
| <20% | 659 | $86,435,000 | $131,161 | $2,419 | 3.00% |
| 50-60% | 446 | $28,110,000 | $63,027 | $2,634 | 4.00% |
| 42% | 328 | $50,570,000 | $154,177 | $2,661 | 3.14% |
| 39% | 326 | $52,180,000 | $160,061 | $2,684 | 3.21% |
| 36% | 324 | $52,650,000 | $162,500 | $2,760 | 3.13% |
| 37% | 304 | $50,090,000 | $164,770 | $2,719 | 3.12% |
| 41% | 299 | $42,225,000 | $141,221 | $2,706 | 3.28% |
| 38% | 299 | $47,045,000 | $157,341 | $2,729 | 3.17% |
| 43% | 297 | $43,875,000 | $147,727 | $2,668 | 3.25% |
| 40% | 289 | $44,795,000 | $155,000 | $2,772 | 3.12% |
| 44% | 284 | $40,310,000 | $141,937 | $2,867 | 3.39% |
| >60% | 227 | $18,745,000 | $82,577 | $2,036 | 3.81% |
| 45% | 167 | $21,255,000 | $127,275 | $2,771 | 3.69% |
| 46% | 150 | $16,290,000 | $108,600 | $2,652 | 3.59% |
| 47% | 143 | $15,995,000 | $111,853 | $2,708 | 3.69% |
| 48% | 102 | $12,470,000 | $122,255 | $2,653 | 3.64% |
| 49% | 101 | $10,475,000 | $103,713 | $2,785 | 3.75% |
Suncoast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,126 originations. The next most common DTI ratio? 30-36%, with 1,694 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6,997 | $982,385,000 | $140,401 | $2,528 | 3.22% |
| Not provided | 1,316 | $194,520,000 | $147,812 | $2,557 | 3.14% |
| Black | 503 | $68,235,000 | $135,656 | $2,523 | 3.18% |
| Asian | 120 | $20,040,000 | $167,000 | $2,506 | 2.85% |
| American Indian | 27 | $3,835,000 | $142,037 | $2,600 | 3.19% |
| Native Hawaiian | 15 | $2,555,000 | $170,333 | $2,567 | 3.29% |
| Other Pacific Islander | 8 | $1,280,000 | $160,000 | $2,821 | 3.48% |
| Asian Indian | 9 | $1,175,000 | $130,556 | $1,995 | 2.82% |
| Other Asian | 5 | $925,000 | $185,000 | $2,788 | 3.40% |
| Filipino | 4 | $800,000 | $200,000 | $3,712 | 2.97% |
| Vietnamese | 2 | $310,000 | $155,000 | $2,216 | 4.31% |
| Not applicable | 3 | $195,000 | $65,000 | $0 | 5.50% |
Approval Rates
Total approvals of all applications76.56%
Suncoast Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination71.95%
Suncoast Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $90,000 | $22,500 |
| NA | 9,005 | $1,276,165,000 | $141,717 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 9,009 | $1,276,255,000 | $141,664 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,574 | $147,560,000 | $93,748 | $1,990 | 3.33% |
| 40-60% | 1,521 | $254,955,000 | $167,623 | $2,276 | 2.65% |
| 60-80% | 2,062 | $450,990,000 | $218,715 | $2,748 | 2.73% |
| 80-100% | 1,242 | $282,900,000 | $227,778 | $3,093 | 2.83% |
| Over 100% | 5 | $1,525,000 | $305,000 | $1,460 | 2.93% |
| Under 20% | 2,405 | $104,605,000 | $43,495 | $1,748 | 4.12% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUNCOAST CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| SUNCOAST CREDIT UNION | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| SUNCOAST CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |
