Suncoast Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300TOOOOW36EX6R40

Tax ID: 59-0291451

5 stars - out of 5 stars, based on 93 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Suncoast Credit Union is a small credit union specializing in Cash Out Refi 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 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Suncoast Credit Union has an 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 about average 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% 3/24/23
    30 Year Conventional Purchase 5.86% 3/24/23
    30 Year Conventional Refi 5.99% 3/24/23
    30 Year Cash-out Refi 5.95% 3/24/23
    15 Year Conventional Purchase 5.29% 3/24/23
    15 Year Conventional Refi 5.46% 3/24/23
    15 Year Cash-out Refi 5.46% 3/24/23
    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.


    Originations

    8,686

    Origination Dollar Volume (All Markets)

    $1,200,910,000
    Show all (28) awards

    Relative Rate

    Suncoast Credit Union's average 30 year fixed mortgage rate was 3.58%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -1.18%.

    Relative Fees (Closing Costs)

    Suncoast Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,213.

    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 $4,750.

    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) 3,694 $514,000,000 $139,145 $2,935 4.27%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2,002 $270,940,000 $135,335 $2,868 4.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 838 $116,480,000 $138,998 $3,108 4.31%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 625 $93,815,000 $150,104 $3,069 4.18%
    PUNTA GORDA, FL (FHA|USDA|VA) 423 $54,115,000 $127,931 $3,010 4.22%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 400 $43,880,000 $109,700 $2,689 4.27%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 147 $21,085,000 $143,435 $2,925 4.41%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 92 $17,320,000 $188,261 $3,443 4.04%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 82 $13,250,000 $161,585 $4,026 4.46%
    THE VILLAGES, FL (FHA|USDA|VA) 69 $9,225,000 $133,696 $2,830 4.11%
    Clewiston, FL (FHA|USDA|VA) 49 $6,555,000 $133,776 $2,791 4.01%
    OCALA, FL (FHA|USDA|VA) 44 $5,240,000 $119,091 $2,959 4.30%
    JACKSONVILLE, FL (FHA|USDA|VA) 22 $4,280,000 $194,545 $3,148 4.28%
    GAINESVILLE, FL (FHA|USDA|VA) 31 $4,135,000 $133,387 $2,698 3.85%
    Outside of Metro Areas 18 $3,270,000 $181,667 $3,556 4.29%
    Arcadia, FL (FHA|USDA|VA) 27 $2,885,000 $106,852 $2,720 4.34%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $2,815,000 $187,667 $3,211 3.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 26 $2,560,000 $98,462 $2,578 4.16%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 12 $2,240,000 $186,667 $3,838 4.22%
    TALLAHASSEE, FL (FHA|USDA|VA) 12 $2,100,000 $175,000 $3,451 4.22%
    Wauchula, FL (FHA|USDA|VA) 17 $1,835,000 $107,941 $2,901 4.26%
    Key West, FL (FHA|USDA|VA) 2 $1,440,000 $720,000 $6,800 3.69%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $1,260,000 $126,000 $3,087 4.16%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $650,000 $325,000 $4,224 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $645,000 $215,000 $2,653 3.33%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $495,000 $495,000 $2,922 2.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,121 2.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $455,000 $151,667 $3,107 4.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $2,224 2.63%
    Lake City, FL (FHA|USDA|VA) 2 $430,000 $215,000 $2,865 3.13%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $415,000 $415,000 $3,207 3.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,120 4.00%
    Dyersburg, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,995 3.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,028 4.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,501 3.88%
    Okeechobee, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,759 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,589 3.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $185,000 $185,000 $4,020 5.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,966 2.75%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $160,000 $80,000 $3,171 3.56%
    Palatka, FL (FHA|USDA|VA) 2 $120,000 $60,000 $2,627 4.44%
    Cullowhee, NC (FHA|USDA|VA) 1 $25,000 $25,000 $2,147 3.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $15,000 $15,000 $1,630 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)
  • South Carolina (FHA|USDA|VA)
  • Alabama (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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 1274
    SAN ANTONIO CITIZENS
    Similarity Rank: 1280
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1410
    We Florida Financial
    Similarity Rank: 1416
    BRIDGEVIEW MORTGAGE CORP.
    Similarity Rank: 1550
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1746
    Allied First Bank,sb
    Similarity Rank: 1848
    Citizens First Bank
    Similarity Rank: 1878

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 4,605 $298,315,000 $64,781 n/a 5.07%
    Conventional 4,081 $902,595,000 $221,170 $2,953 3.29%

    For 2022, Suncoast Credit Union's most frequently originated type of loan was HELOC, with 4,605 originations. Their 2nd most popular type was Conventional, with 4,081 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,510 $176,400,000 $70,279 $2,615 4.88%
    Other 1,942 $132,170,000 $68,059 $2,339 5.11%
    Cash Out Refi 1,936 $416,190,000 $214,974 $2,766 3.19%
    Home Purchase 1,262 $327,900,000 $259,826 $3,824 3.92%
    Refi 1,036 $148,250,000 $143,098 $2,281 3.35%

    For 2022, Suncoast Credit Union's most frequently cited loan purpose was Home Improvement, with 2,510 originations. The 2nd most popular reason was Other, with 1,942 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,997 $215,085,000 $71,767 $2,068 4.53%
    30 Year 2,651 $660,645,000 $249,206 $3,213 3.58%
    15 Year 1,646 $183,150,000 $111,270 $2,418 4.54%
    10 Year 679 $44,545,000 $65,604 $2,274 5.08%
    20 Year 544 $92,120,000 $169,338 $2,631 3.44%
    5 Year 169 $5,365,000 $31,746 $0 5.40%

    For 2022, Suncoast Credit Union's most frequently cited loan duration was Other, with 2,997 originations. The 2nd most popular length was 30 Year, with 2,651 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,784 $833,520,000 $220,275
    $2k-3k 105 $19,695,000 $187,571
    $3k-4k 73 $19,925,000 $272,945
    $1k-2k 48 $6,270,000 $130,625
    $4k-5k 32 $12,010,000 $375,313
    $5k+ 15 $8,865,000 $591,000

    Suncoast Credit Union's average total fees were $3,213, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,784 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,607 $334,035,000 $128,130
    2.5-3% 1,699 $379,305,000 $223,252
    5-6% 1,685 $138,015,000 $81,908
    4-5% 1,363 $191,195,000 $140,275
    <2.5% 698 $116,680,000 $167,163
    6-7% 440 $30,610,000 $69,568
    7-8% 169 $9,675,000 $57,249
    Over 8% 25 $1,395,000 $55,800

    During 2022, Suncoast Credit Union's average interest rate for loans was 3.58%, while their most frequently originated rate bucket for loans was 3-4%, with 2,607 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,161 $214,965,000 $51,662 $1,994 4.92%
    $100k-200k 2,316 $321,650,000 $138,882 $2,453 3.70%
    $200k-400k 1,936 $525,590,000 $271,482 $3,304 3.49%
    $400k-600k 223 $103,275,000 $463,117 $4,653 3.63%
    $600k-1MM 50 $35,430,000 $708,600 $6,426 3.69%

    2022 saw Suncoast Credit Union place emphasis on $100,000 or less loans with 4,161 originations, totaling $214,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,270 $265,890,000 $117,132 $2,711 4.14%
    $100k-150k 2,061 $325,315,000 $157,843 $3,214 4.33%
    $75k-100k 1,874 $262,230,000 $139,931 $2,966 4.22%
    $50k or less 1,244 $113,610,000 $91,326 $2,342 4.09%
    $150k-250k 978 $182,160,000 $186,258 $3,795 4.40%
    $250k+ 199 $47,115,000 $236,759 $4,811 4.41%

    Suncoast Credit Union lent most frequently to those with incomes in the $50k-75k range, with 2,270 originations. The second most popular income band? $100k-150k, with 2,061 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,697 $249,025,000 $146,744 $2,975 4.06%
    30-36% 1,598 $242,900,000 $152,003 $3,014 4.10%
    50-60% 764 $53,160,000 $69,581 $2,775 4.95%
    <20% 485 $60,825,000 $125,412 $2,662 3.99%
    42% 363 $56,365,000 $155,275 $2,996 4.15%
    37% 333 $48,625,000 $146,021 $3,085 4.22%
    41% 328 $51,400,000 $156,707 $3,022 4.21%
    40% 326 $55,500,000 $170,245 $3,130 4.13%
    44% 322 $51,120,000 $158,758 $3,025 4.24%
    43% 322 $48,900,000 $151,863 $3,058 4.17%
    39% 318 $49,620,000 $156,038 $2,986 4.12%
    36% 309 $48,045,000 $155,485 $3,105 4.26%
    38% 308 $46,600,000 $151,299 $3,042 4.14%
    >60% 257 $19,795,000 $77,023 $2,781 4.91%
    45% 201 $28,205,000 $140,323 $3,273 4.46%
    46% 181 $20,785,000 $114,834 $2,797 4.47%
    47% 156 $16,570,000 $106,218 $2,782 4.49%
    49% 155 $15,725,000 $101,452 $2,744 4.48%
    48% 146 $17,240,000 $118,082 $3,021 4.46%

    Suncoast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,697 originations. The next most common DTI ratio? 30-36%, with 1,598 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,619 $895,625,000 $135,311 $2,951 4.28%
    Not provided 1,288 $193,260,000 $150,047 $2,890 4.01%
    Black 591 $83,395,000 $141,108 $3,034 4.22%
    Asian 85 $12,445,000 $146,412 $3,172 4.36%
    American Indian 60 $9,010,000 $150,167 $3,199 4.41%
    Asian Indian 7 $1,695,000 $242,143 $3,795 4.39%
    Other Pacific Islander 12 $1,620,000 $135,000 $3,179 4.38%
    Other Asian 5 $1,365,000 $273,000 $5,092 3.65%
    Native Hawaiian or Islander 10 $1,070,000 $107,000 $2,872 4.30%
    Filipino 4 $550,000 $137,500 $2,070 3.72%
    Japanese 1 $345,000 $345,000 $3,545 5.25%
    Not applicable 1 $345,000 $345,000 $0 3.65%
    Guamanian 1 $105,000 $105,000 $0 5.50%
    Vietnamese 1 $55,000 $55,000 $0 4.75%
    Chinese 1 $25,000 $25,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    70.84%

    Suncoast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.75%

    Suncoast Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,686 $1,200,910,000 $138,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,686 $1,200,910,000 $138,258

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,612 $175,070,000 $108,604 $2,310 4.20%
    40-60% 1,133 $216,395,000 $190,993 $2,700 3.26%
    60-80% 1,372 $349,260,000 $254,563 $3,119 3.38%
    80-100% 894 $256,300,000 $286,689 $3,682 3.63%
    Over 100% 3 $815,000 $271,667 $3,324 4.04%
    Under 20% 3,591 $189,195,000 $52,686 $1,944 5.07%