Sun Federal Credit Union Mortgage Rates, Fees & Info

Maumee, OH

LEI: 549300VGZHXNY2T0G559

Tax ID: 34-1300434

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Mortgage Data

Review & Overview

Sun Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, Refi, and Home Purchase loans. Sun Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Philadelphia, Monroe, Reading, and Portland among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sun Federal 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. Sun Federal 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% 3/28/24
30 Year Conventional Purchase 6.27% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 6.56% 3/28/24
15 Year Conventional Purchase 5.64% 3/28/24
15 Year Conventional Refi 5.72% 3/28/24
15 Year Cash-out Refi 5.72% 3/28/24
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.

Sun Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Sun Federal 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

255

Origination Dollar Volume (All Markets)

$17,455,000

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
TOLEDO, OH (FHA|USDA|VA) 142 $9,140,000 $64,366 $1,119 5.45%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 63 $5,065,000 $80,397 $992 5.93%
MONROE, MI (FHA|USDA|VA) 13 $1,015,000 $78,077 $1,775 5.44%
READING, PA (FHA|USDA|VA) 9 $535,000 $59,444 $0 5.94%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $355,000 $355,000 $2,653 4.75%
Fremont, OH (FHA|USDA|VA) 3 $175,000 $58,333 $1,476 5.21%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $3,151 4.12%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $140,000 $70,000 $1,974 4.87%
Outside of Metro Areas 3 $95,000 $31,667 $0 6.29%
Tiffin, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,890 4.05%
Spearfish, SD (FHA|USDA|VA) 1 $95,000 $95,000 $2,235 3.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $75,000 $75,000 $2,203 6.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,120 3.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.50%
Adrian, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.75%
Sandusky, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
LANCASTER, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
Sun Federal Credit Union's top markets include Toledo, Philadelphia, Monroe, Reading, and Portland among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

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

    VISIONS
    Similarity Rank: 50
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 150 $8,110,000 $54,067 n/a 5.79%
    Conventional 103 $9,005,000 $87,427 $1,149 5.30%
    VA 2 $340,000 $170,000 $0 4.50%

    For 2018, Sun Federal Credit Union's most frequently originated type of loan was HELOC, with 150 originations. Their 2nd most popular type was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 92 $3,600,000 $39,130 $64 5.99%
    Other 82 $4,470,000 $54,512 $185 5.77%
    Refi 47 $4,295,000 $91,383 $1,899 5.22%
    Home Purchase 33 $4,985,000 $151,061 $2,558 4.53%
    Cash Out Refi 1 $105,000 $105,000 $0 4.75%

    For 2018, Sun Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 92 originations. The 2nd most popular reason was Other, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 179 $11,175,000 $62,430 $1,498 5.65%
    Other 26 $1,610,000 $61,923 $473 5.69%
    10 Year 17 $755,000 $44,412 $164 6.17%
    30 Year 17 $2,575,000 $151,471 $2,404 4.53%
    20 Year 9 $1,195,000 $132,778 $2,558 4.41%
    5 Year 7 $145,000 $20,714 $216 6.20%

    For 2018, Sun Federal Credit Union's most frequently cited loan duration was 15 Year, with 179 originations. The 2nd most popular length was Other, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 92 $7,820,000 $85,000

    Sun Federal Credit Union's average total fees were $2,404, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 129 $6,895,000 $53,450
    4-5% 55 $5,965,000 $108,455
    6-7% 43 $1,925,000 $44,767
    3-4% 13 $2,055,000 $158,077
    7-8% 9 $325,000 $36,111
    Over 8% 4 $120,000 $30,000

    During 2018, Sun Federal Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 5-6%, with 129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 201 $8,465,000 $42,114 $504 5.82%
    $100k-200k 38 $4,980,000 $131,053 $2,199 4.73%
    $200k-400k 16 $4,010,000 $250,625 $3,003 4.69%

    2018 saw Sun Federal Credit Union place emphasis on $100,000 or less loans with 201 originations, totaling $8,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 71 $5,055,000 $71,197 $1,366 5.52%
    $50k-75k 62 $4,100,000 $66,129 $887 5.65%
    $75k-100k 52 $3,510,000 $67,500 $1,241 5.55%
    $50k or less 38 $2,090,000 $55,000 $1,292 5.64%
    $150k-250k 26 $2,150,000 $82,692 $843 5.60%
    $250k+ 6 $550,000 $91,667 $1,133 5.66%

    Sun Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $5,660,000 $74,474 $1,344 5.35%
    30-36% 49 $3,375,000 $68,878 $1,228 5.69%
    <20% 30 $2,050,000 $68,333 $1,509 5.53%
    >60% 14 $1,370,000 $97,857 $2,185 5.42%
    36% 10 $320,000 $32,000 $83 6.04%
    39% 9 $485,000 $53,889 $1,192 5.79%
    37% 9 $475,000 $52,778 $253 5.82%
    38% 8 $520,000 $65,000 $734 6.09%
    50-60% 7 $545,000 $77,857 $1,589 5.52%
    43% 7 $445,000 $63,571 $3,368 6.05%
    42% 6 $380,000 $63,333 $1,060 5.34%
    41% 5 $515,000 $103,000 $0 5.89%
    44% 5 $475,000 $95,000 $0 5.40%
    40% 4 $160,000 $40,000 $0 5.69%
    47% 3 $75,000 $25,000 $0 5.50%
    45% 3 $115,000 $38,333 $0 6.33%
    48% 2 $40,000 $20,000 $0 5.38%
    49% 2 $60,000 $30,000 $0 5.38%
    46% 2 $130,000 $65,000 $0 5.38%

    Sun Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 214 $15,000,000 $70,093 $1,131 5.49%
    Black 21 $1,055,000 $50,238 $1,249 6.29%
    Not provided 12 $890,000 $74,167 $1,195 6.00%
    Asian 5 $355,000 $71,000 $0 5.88%
    Not applicable 2 $90,000 $45,000 $0 6.38%
    American Indian 1 $65,000 $65,000 $1,785 4.56%

    Approval Rates

    Total approvals of all applications
    82.19%

    Sun Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.06%

    Sun Federal 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
    449.0 1 $65,000 $65,000
    565.0 1 $105,000 $105,000
    NA 253 $17,285,000 $68,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 255 $17,455,000 $68,451

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $3,395,000 $50,672 $251 5.85%
    40-60% 27 $2,345,000 $86,852 $681 5.82%
    60-80% 33 $3,625,000 $109,848 $1,855 4.96%
    80-100% 29 $4,555,000 $157,069 $2,460 4.48%
    Over 100% 2 $270,000 $135,000 $2,177 4.45%
    Under 20% 97 $3,265,000 $33,660 $133 5.90%