Suncoast Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300TOOOOW36EX6R40

Tax ID: 59-0291451

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Mortgage Data

Review & Overview

Suncoast Credit Union is a small credit union specializing in Refi, Home Purchase, and Cash Out Refi 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 42 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

8,629

Origination Dollar Volume (All Markets)

$1,358,165,000
Show all (20) 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) 3,775 $598,675,000 $158,589 $2,726 3.51%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1,936 $288,920,000 $149,236 $2,720 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 667 $128,635,000 $192,856 $2,909 3.41%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 775 $120,965,000 $156,084 $2,653 3.53%
PUNTA GORDA, FL (FHA|USDA|VA) 377 $48,065,000 $127,493 $2,517 3.64%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 380 $39,860,000 $104,895 $2,395 3.66%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 117 $24,655,000 $210,726 $3,057 3.35%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 84 $23,100,000 $275,000 $3,320 3.17%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 106 $17,530,000 $165,377 $2,756 3.40%
THE VILLAGES, FL (FHA|USDA|VA) 78 $10,320,000 $132,308 $2,526 3.55%
JACKSONVILLE, FL (FHA|USDA|VA) 36 $7,650,000 $212,500 $3,032 3.32%
OCALA, FL (FHA|USDA|VA) 45 $7,455,000 $165,667 $3,004 3.35%
Clewiston, FL (FHA|USDA|VA) 41 $5,815,000 $141,829 $2,761 3.52%
GAINESVILLE, FL (FHA|USDA|VA) 43 $5,575,000 $129,651 $2,555 3.44%
TALLAHASSEE, FL (FHA|USDA|VA) 19 $4,585,000 $241,316 $3,483 3.20%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $3,880,000 $194,000 $3,056 3.28%
PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $3,385,000 $260,385 $2,937 3.14%
Outside of Metro Areas 17 $3,255,000 $191,471 $5,666 3.10%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 17 $2,785,000 $163,824 $2,982 2.99%
Arcadia, FL (FHA|USDA|VA) 17 $1,965,000 $115,588 $3,272 3.95%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 19 $1,965,000 $103,421 $2,360 3.51%
Wauchula, FL (FHA|USDA|VA) 13 $1,635,000 $125,769 $2,576 3.55%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,400,000 $350,000 $2,489 2.84%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $840,000 $420,000 $2,563 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $805,000 $115,000 $1,950 3.55%
Key West, FL (FHA|USDA|VA) 2 $590,000 $295,000 $2,803 3.06%
KNOXVILLE, TN (FHA|USDA|VA) 3 $575,000 $191,667 $2,839 2.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $515,000 $515,000 $3,316 3.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $445,000 $445,000 $3,655 3.13%
RICHMOND, VA (FHA|USDA|VA) 1 $335,000 $335,000 $2,180 2.88%
Lake City, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,046 3.38%
Sevierville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $2,922 2.88%
Oxford, MS (FHA|USDA|VA) 1 $205,000 $205,000 $2,565 2.88%
Brownsville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,516 2.88%
Cedartown, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,846 2.75%
Jesup, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,886 2.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,270 2.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,743 2.13%
Brevard, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,841 2.88%
Cullowhee, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,542 2.75%
DOTHAN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,466 3.00%
Fort Payne, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,400 2.75%
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)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Virginia (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,253 $1,233,365,000 $197,244 $2,736 3.03%
    HELOC 2,376 $124,800,000 $52,525 n/a 4.76%

    For 2020, Suncoast Credit Union's most frequently originated type of loan was Conventional, with 6,253 originations. Their 2nd most popular type was HELOC, with 2,376 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,322 $403,990,000 $173,984 $2,164 3.17%
    Home Purchase 1,978 $402,440,000 $203,458 $3,302 3.20%
    Cash Out Refi 1,947 $379,275,000 $194,800 $2,800 3.02%
    Home Improvement 1,332 $78,990,000 $59,302 $2,838 4.56%
    Other 1,050 $93,470,000 $89,019 $2,565 4.38%

    For 2020, Suncoast Credit Union's most frequently cited loan purpose was Refi, with 2,322 originations. The 2nd most popular reason was Home Purchase, with 1,978 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,270 $698,260,000 $213,535 $3,140 3.23%
    15 Year 2,062 $298,870,000 $144,942 $2,257 3.56%
    Other 1,338 $80,250,000 $59,978 $2,146 4.17%
    20 Year 1,160 $216,960,000 $187,034 $2,393 3.12%
    10 Year 625 $59,315,000 $94,904 $2,150 3.71%
    5 Year 174 $4,510,000 $25,920 $0 4.74%

    For 2020, Suncoast Credit Union's most frequently cited loan duration was 30 Year, with 3,270 originations. The 2nd most popular length was 15 Year, with 2,062 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,063 $989,585,000 $195,454
    $1k-2k 694 $117,800,000 $169,741
    $2k-3k 362 $81,250,000 $224,448
    $3k-4k 94 $26,550,000 $282,447
    $5k+ 20 $9,590,000 $479,500
    $4k-5k 17 $6,255,000 $367,941

    Suncoast Credit Union's average total fees were $3,140, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,063 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,745 $622,835,000 $166,311
    2.5-3% 3,015 $570,825,000 $189,328
    <2.5% 640 $105,600,000 $165,000
    5-6% 531 $23,425,000 $44,115
    4-5% 480 $25,710,000 $53,563
    6-7% 136 $6,060,000 $44,559
    7-8% 82 $3,710,000 $45,244

    During 2020, Suncoast Credit Union's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 3,745 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 3,072 $458,920,000 $149,388 $2,466 3.11%
    $100,000 or less 2,956 $153,550,000 $51,945 $1,957 4.28%
    $200k-400k 2,372 $615,110,000 $259,321 $3,136 3.08%
    $400k-600k 149 $70,525,000 $473,322 $4,478 3.07%
    $600k-1MM 79 $58,025,000 $734,494 $5,588 3.11%
    $1MM+ 1 $2,035,000 $2,035,000 $0 3.60%

    2020 saw Suncoast Credit Union place emphasis on $100k-200k loans with 3,072 originations, totaling $458,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,461 $328,875,000 $133,635 $2,596 3.49%
    $100k-150k 1,781 $326,915,000 $183,557 $2,838 3.49%
    $50k or less 1,721 $171,865,000 $99,863 $2,448 3.56%
    $75k-100k 1,652 $266,940,000 $161,586 $2,742 3.48%
    $150k-250k 816 $193,090,000 $236,630 $3,219 3.50%
    $250k+ 157 $64,965,000 $413,790 $4,196 3.24%

    Suncoast Credit Union lent most frequently to those with incomes in the $50k-75k range, with 2,461 originations. The second most popular income band? $100k-150k, with 1,781 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,183 $354,075,000 $162,197 $2,729 3.41%
    30-36% 1,672 $278,610,000 $166,633 $2,854 3.47%
    <20% 682 $99,860,000 $146,422 $2,514 3.39%
    40% 371 $65,295,000 $175,997 $2,786 3.41%
    50-60% 350 $23,190,000 $66,257 $3,345 4.60%
    36% 325 $52,865,000 $162,662 $2,799 3.46%
    38% 318 $56,470,000 $177,579 $2,938 3.38%
    39% 312 $54,370,000 $174,263 $2,884 3.48%
    37% 312 $54,340,000 $174,167 $2,966 3.41%
    42% 309 $50,145,000 $162,282 $2,816 3.41%
    41% 307 $49,135,000 $160,049 $2,724 3.40%
    43% 257 $39,925,000 $155,350 $2,883 3.61%
    44% 243 $41,285,000 $169,897 $3,095 3.47%
    >60% 199 $24,665,000 $123,945 $3,082 3.90%
    45% 131 $16,615,000 $126,832 $2,867 3.84%
    46% 119 $15,625,000 $131,303 $3,011 3.91%
    47% 86 $10,470,000 $121,744 $3,262 4.02%
    48% 82 $9,660,000 $117,805 $2,887 3.94%
    49% 76 $10,070,000 $132,500 $2,870 3.98%

    Suncoast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,183 originations. The next most common DTI ratio? 30-36%, with 1,672 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,850 $1,072,350,000 $156,547 $2,734 3.51%
    Not provided 1,154 $182,390,000 $158,050 $2,755 3.51%
    Black 425 $64,495,000 $151,753 $2,697 3.46%
    Asian 111 $19,685,000 $177,342 $2,632 3.23%
    American Indian 41 $8,155,000 $198,902 $3,211 3.48%
    Asian Indian 15 $3,935,000 $262,333 $3,013 2.85%
    Not applicable 2 $2,120,000 $1,060,000 $0 4.30%
    Other Asian 7 $1,655,000 $236,429 $2,764 3.29%
    Other Pacific Islander 11 $1,385,000 $125,909 $2,423 3.25%
    Native Hawaiian or Islander 7 $905,000 $129,286 $3,092 4.07%
    Filipino 3 $395,000 $131,667 $3,379 3.54%
    Vietnamese 1 $385,000 $385,000 $3,604 2.50%
    Korean 2 $310,000 $155,000 $2,317 3.19%

    Approval Rates

    Total approvals of all applications
    78.24%

    Suncoast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.44%

    Suncoast Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,629 $1,358,165,000 $157,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,050,000 $1,025,000
    Single Family (1-4 Units):Manufactured 20 $1,110,000 $55,500
    Single Family (1-4 Units):Site-Built 8,607 $1,355,005,000 $157,431

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,204 $100,550,000 $83,513 $2,049 3.97%
    40-60% 1,257 $193,965,000 $154,308 $2,313 3.10%
    60-80% 2,375 $505,105,000 $212,676 $2,915 3.09%
    80-100% 2,079 $463,965,000 $223,167 $3,091 3.12%
    Over 100% 3 $975,000 $325,000 $1,748 3.29%
    Under 20% 1,504 $57,350,000 $38,132 $1,766 4.73%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SUNCOAST CREDIT UNION Conventional home mortgage Struggling to pay mortgage 1 100.0%