Suncoast Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300TOOOOW36EX6R40

Tax ID: 59-0291451

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 smaller credit union specializing in Home Purchase loans. Suncoast Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Cape Coral, Naples, North Port, and Punta Gorda among others. We have data for 29 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 5.86% 4/21/24
    30 Year Conventional Refi 5.99% 4/21/24
    30 Year Cash-out Refi 5.95% 4/21/24
    15 Year Conventional Purchase 5.29% 4/21/24
    15 Year Conventional Refi 5.46% 4/21/24
    15 Year Cash-out Refi 5.46% 4/21/24
    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

    1,843

    Origination Dollar Volume (All Markets)

    $230,615,000
    Show all (16) awards

    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) 790 $99,830,000 $126,367 $2,799 4.45%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 431 $53,285,000 $123,631 $2,801 4.43%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 144 $21,680,000 $150,556 $3,274 4.30%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 145 $16,975,000 $117,069 $3,057 4.43%
    PUNTA GORDA, FL (FHA|USDA|VA) 104 $9,980,000 $95,962 $2,448 4.56%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 92 $8,790,000 $95,543 $2,552 4.43%
    Outside of Metro Areas 20 $3,880,000 $194,000 $3,140 4.06%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 25 $3,565,000 $142,600 $2,794 4.26%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 15 $2,545,000 $169,667 $3,233 4.23%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,250,000 $208,333 $3,465 4.17%
    THE VILLAGES, FL (FHA|USDA|VA) 14 $1,220,000 $87,143 $2,167 4.65%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,333 4.03%
    Clewiston, FL (FHA|USDA|VA) 10 $940,000 $94,000 $2,610 4.29%
    TALLAHASSEE, FL (FHA|USDA|VA) 5 $855,000 $171,000 $3,145 3.60%
    GAINESVILLE, FL (FHA|USDA|VA) 7 $775,000 $110,714 $3,274 4.59%
    OCALA, FL (FHA|USDA|VA) 7 $575,000 $82,143 $2,226 4.18%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $500,000 $250,000 $3,115 3.50%
    Wauchula, FL (FHA|USDA|VA) 5 $395,000 $79,000 $1,944 4.65%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 5 $375,000 $75,000 $2,344 4.55%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $2,639 3.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $6,079 3.75%
    Arcadia, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,788 4.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $2,318 3.63%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $1,570 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $210,000 $105,000 $2,886 4.44%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $1,726 4.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,884 4.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,397 3.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $65,000 $65,000 $685 3.63%
    Suncoast Credit Union's top markets include Tampa, Cape Coral, Naples, North Port, and Punta Gorda among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Georgia (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.

    McCoy Federal Credit Union
    Similarity Rank: 60
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    Preferred Community Bank
    Similarity Rank: 484
    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    Brannen Bank
    Similarity Rank: 636
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,149 $195,695,000 $170,318 $2,828 4.05%
    HELOC 694 $34,920,000 $50,317 n/a 5.03%

    For 2018, Suncoast Credit Union's most frequently originated type of loan was Conventional, with 1,149 originations. Their 2nd most popular type was HELOC, with 694 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 718 $130,860,000 $182,256 $3,127 4.12%
    Home Improvement 376 $21,540,000 $57,287 $2,628 4.90%
    Refi 261 $26,865,000 $102,931 $1,900 4.31%
    Cash Out Refi 250 $39,890,000 $159,560 $2,617 4.01%
    Other 238 $11,460,000 $48,151 $2,279 5.14%

    For 2018, Suncoast Credit Union's most frequently cited loan purpose was Home Purchase, with 718 originations. The 2nd most popular reason was Home Improvement, with 376 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 815 $150,035,000 $184,092 $3,057 4.09%
    15 Year 391 $31,935,000 $81,675 $2,212 5.14%
    Other 391 $22,265,000 $56,944 $2,129 4.42%
    20 Year 162 $22,480,000 $138,765 $2,392 4.27%
    5 Year 60 $1,500,000 $25,000 $0 4.90%
    10 Year 24 $2,400,000 $100,000 $1,995 4.01%

    For 2018, Suncoast Credit Union's most frequently cited loan duration was 30 Year, with 815 originations. The 2nd most popular length was 15 Year, with 391 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 890 $148,010,000 $166,303
    $1k-2k 201 $31,415,000 $156,294
    $2k-3k 50 $14,370,000 $287,400
    $3k-4k 4 $1,010,000 $252,500
    $4k-5k 2 $570,000 $285,000
    $5k+ 1 $285,000 $285,000

    Suncoast Credit Union's average total fees were $3,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 890 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 814 $109,250,000 $134,214
    4-5% 678 $101,720,000 $150,029
    5-6% 213 $9,775,000 $45,892
    6-7% 110 $5,020,000 $45,636
    2.5-3% 21 $4,625,000 $220,238
    7-8% 5 $165,000 $33,000
    Over 8% 2 $60,000 $30,000

    During 2018, Suncoast Credit Union's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 814 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 861 $43,005,000 $49,948 $2,102 4.80%
    $100k-200k 608 $89,010,000 $146,398 $2,626 4.11%
    $200k-400k 356 $89,240,000 $250,674 $3,522 4.07%
    $400k-600k 13 $6,175,000 $475,000 $4,859 3.67%
    $600k-1MM 5 $3,185,000 $637,000 $4,633 3.73%

    2018 saw Suncoast Credit Union place emphasis on $100,000 or less loans with 861 originations, totaling $43,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 556 $65,430,000 $117,680 $2,687 4.37%
    $50k or less 442 $34,590,000 $78,258 $2,411 4.48%
    $75k-100k 363 $51,615,000 $142,190 $2,943 4.46%
    $100k-150k 321 $48,615,000 $151,449 $3,210 4.44%
    $150k-250k 117 $22,495,000 $192,265 $3,497 4.27%
    $250k+ 15 $4,525,000 $301,667 $4,626 4.64%

    Suncoast Credit Union lent most frequently to those with incomes in the $50k-75k range, with 556 originations. The second most popular income band? $50k or less, with 442 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 481 $58,585,000 $121,798 $2,745 4.37%
    30-36% 400 $53,150,000 $132,875 $2,776 4.32%
    <20% 124 $13,610,000 $109,758 $2,686 4.35%
    50-60% 86 $6,230,000 $72,442 $2,797 4.80%
    36% 81 $12,895,000 $159,198 $2,706 4.25%
    37% 75 $10,085,000 $134,467 $2,707 4.36%
    38% 70 $9,030,000 $129,000 $2,870 4.54%
    39% 56 $9,590,000 $171,250 $3,007 4.23%
    41% 55 $6,845,000 $124,455 $2,916 4.50%
    44% 54 $6,030,000 $111,667 $2,886 4.56%
    42% 49 $6,295,000 $128,469 $3,012 4.55%
    40% 49 $7,045,000 $143,776 $3,059 4.53%
    43% 39 $5,375,000 $137,821 $3,150 4.48%
    47% 39 $5,455,000 $139,872 $3,355 4.58%
    49% 38 $4,990,000 $131,316 $3,156 4.61%
    48% 36 $3,280,000 $91,111 $2,787 4.40%
    45% 31 $3,855,000 $124,355 $3,407 4.67%
    46% 31 $3,355,000 $108,226 $3,220 4.65%
    >60% 26 $2,550,000 $98,077 $2,335 4.78%

    Suncoast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 481 originations. The next most common DTI ratio? 30-36%, with 400 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,493 $187,475,000 $125,569 $2,827 4.42%
    Not provided 201 $25,105,000 $124,900 $2,936 4.42%
    Black 109 $12,845,000 $117,844 $2,705 4.41%
    Asian 18 $2,300,000 $127,778 $2,301 4.42%
    American Indian 12 $1,840,000 $153,333 $3,417 4.44%
    Native Hawaiian or Islander 8 $760,000 $95,000 $2,579 4.45%
    Japanese 1 $155,000 $155,000 $3,105 3.75%
    Other Pacific Islander 1 $135,000 $135,000 $3,636 4.50%

    Approval Rates

    Total approvals of all applications
    83.24%

    Suncoast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.30%

    Suncoast Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,843 $230,615,000 $125,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $905,000 $47,632
    Single Family (1-4 Units):Site-Built 1,824 $229,710,000 $125,938

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 277 $19,655,000 $70,957 $2,006 4.75%
    40-60% 202 $22,580,000 $111,782 $2,267 4.29%
    60-80% 387 $65,085,000 $168,178 $2,947 4.13%
    80-100% 567 $109,075,000 $192,372 $3,010 4.04%
    Under 20% 407 $14,075,000 $34,582 $1,769 5.07%