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 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, Reading, Monroe, and Salisbury among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sun Federal Credit Union has an above 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.

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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

685

Origination Dollar Volume (All Markets)

$87,175,000

Awards

SUN Federal Credit Union 30 Year Conventional Loans gold SUN Federal Credit Union 30 Year Conventional Loans silver
Show all (2) 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
TOLEDO, OH (FHA|USDA|VA) 372 $37,140,000 $99,839 $1,948 3.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 151 $25,565,000 $169,305 $1,461 4.11%
READING, PA (FHA|USDA|VA) 40 $5,320,000 $133,000 $2,112 3.93%
MONROE, MI (FHA|USDA|VA) 26 $3,670,000 $141,154 $2,416 4.04%
Outside of Metro Areas 13 $1,405,000 $108,077 $2,083 4.30%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $1,180,000 $590,000 $3,171 3.31%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,140,000 $285,000 $941 4.42%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,140,000 $570,000 $2,562 4.38%
Fremont, OH (FHA|USDA|VA) 10 $920,000 $92,000 $2,670 3.61%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $640,000 $320,000 $2,635 4.13%
LANCASTER, PA (FHA|USDA|VA) 4 $640,000 $160,000 $2,815 4.03%
Hillsdale, MI (FHA|USDA|VA) 3 $625,000 $208,333 $1,882 2.44%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $540,000 $270,000 $2,697 3.56%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $540,000 $270,000 $3,517 3.13%
COLUMBIA, SC (FHA|USDA|VA) 2 $540,000 $270,000 $2,574 2.69%
Traverse City, MI (FHA|USDA|VA) 2 $480,000 $240,000 $1,995 2.56%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,187 4.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $430,000 $107,500 $2,635 3.16%
Findlay, OH (FHA|USDA|VA) 2 $400,000 $200,000 $1,533 2.50%
Pottsville, PA (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
DOVER, DE (FHA|USDA|VA) 3 $255,000 $85,000 $1,307 3.96%
AKRON, OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,219 4.06%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $215,000 $215,000 $1,295 2.63%
ANN ARBOR, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,263 3.25%
HATTIESBURG, MS (FHA|USDA|VA) 1 $205,000 $205,000 $2,673 3.38%
ST. GEORGE, UT (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,148 3.00%
DuBois, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,436 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $1,468 2.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,344 5.50%
Bardstown, KY (FHA|USDA|VA) 1 $155,000 $155,000 $5,580 2.63%
Salem, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,308 3.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,336 3.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $130,000 $65,000 $2,177 3.56%
HINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,873 3.00%
JACKSON, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,373 3.13%
Sandusky, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,717 2.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Angola, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,595 2.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $70,000 $35,000 $0 3.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $70,000 $35,000 $0 4.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.50%
Ashtabula, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
Defiance, OH (FHA|USDA|VA) 1 $45,000 $45,000 $1,658 2.63%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.50%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.50%
Houghton, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
Sun Federal Credit Union's top markets include Toledo, Philadelphia, Reading, Monroe, and Salisbury among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (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.

    Bay Area Credit Union, Inc.
    Similarity Rank: 39
    JEEP COUNTRY
    Similarity Rank: 272
    BELLCO
    Similarity Rank: 354
    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    The Farmers & Merchants State Bank
    Similarity Rank: 742
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 938

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 555 $77,665,000 $139,937 $1,898 3.75%
    HELOC 127 $9,095,000 $71,614 n/a 4.33%
    VA 3 $415,000 $138,333 $3,180 3.00%

    For 2020, Sun Federal Credit Union's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was HELOC, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 316 $52,040,000 $164,684 $2,450 3.48%
    Home Purchase 141 $22,165,000 $157,199 $2,483 3.44%
    Other 116 $7,320,000 $63,103 $55 4.68%
    Home Improvement 111 $5,505,000 $49,595 $60 4.41%
    Cash Out Refi 1 $145,000 $145,000 $4,630 3.50%

    For 2020, Sun Federal Credit Union's most frequently cited loan purpose was Refi, with 316 originations. The 2nd most popular reason was Home Purchase, with 141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 270 $26,500,000 $98,148 $1,460 3.96%
    Other 152 $20,110,000 $132,303 $1,515 4.05%
    20 Year 130 $21,320,000 $164,000 $2,592 3.52%
    30 Year 79 $13,805,000 $174,747 $2,954 3.59%
    10 Year 44 $4,520,000 $102,727 $974 3.73%
    5 Year 9 $755,000 $83,889 $294 5.73%
    30+ year 1 $165,000 $165,000 $2,320 4.50%

    For 2020, Sun Federal Credit Union's most frequently cited loan duration was 15 Year, with 270 originations. The 2nd most popular length was Other, with 152 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 450 $63,550,000 $141,222
    $1k-2k 2 $340,000 $170,000
    $3k-4k 1 $205,000 $205,000

    Sun Federal Credit Union's average total fees were $2,954, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 450 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 279 $33,965,000 $121,738
    2.5-3% 111 $19,575,000 $176,351
    4-5% 111 $10,395,000 $93,649
    5-6% 50 $5,500,000 $110,000
    <2.5% 38 $6,950,000 $182,895
    7-8% 13 $535,000 $41,154
    6-7% 10 $450,000 $45,000
    Over 8% 3 $65,000 $21,667

    During 2020, Sun Federal Credit Union's average interest rate for loans was 3.59%, while their most frequently originated rate bucket for loans was 3-4%, with 279 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 342 $17,230,000 $50,380 $1,120 4.21%
    $100k-200k 226 $32,340,000 $143,097 $2,458 3.44%
    $200k-400k 95 $24,435,000 $257,211 $2,745 3.70%
    $400k-600k 15 $7,355,000 $490,333 $2,204 3.35%
    $600k-1MM 5 $3,645,000 $729,000 $2,939 3.35%
    $1MM+ 2 $2,170,000 $1,085,000 $1,966 2.69%

    2020 saw Sun Federal Credit Union place emphasis on $100,000 or less loans with 342 originations, totaling $17,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 184 $24,050,000 $130,707 $1,785 3.81%
    $75k-100k 124 $17,980,000 $145,000 $1,932 3.92%
    $50k-75k 123 $13,825,000 $112,398 $1,830 3.86%
    $50k or less 121 $12,025,000 $99,380 $1,548 4.10%
    $150k-250k 80 $11,640,000 $145,500 $2,318 3.70%
    $250k+ 51 $7,485,000 $146,765 $3,282 3.68%

    Sun Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 184 originations. The second most popular income band? $75k-100k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 201 $24,425,000 $121,517 $1,808 3.68%
    30-36% 117 $14,755,000 $126,111 $1,965 3.85%
    <20% 94 $10,620,000 $112,979 $1,937 3.68%
    36% 26 $3,180,000 $122,308 $2,141 3.72%
    37% 26 $5,140,000 $197,692 $2,206 4.31%
    42% 19 $1,855,000 $97,632 $2,288 4.21%
    39% 19 $2,565,000 $135,000 $1,088 4.66%
    50-60% 16 $2,580,000 $161,250 $1,983 4.28%
    41% 16 $2,430,000 $151,875 $1,565 4.02%
    38% 15 $2,095,000 $139,667 $2,826 3.86%
    40% 13 $1,245,000 $95,769 $1,515 4.42%
    44% 12 $1,020,000 $85,000 $931 4.50%
    48% 10 $1,260,000 $126,000 $3,493 3.86%
    43% 8 $610,000 $76,250 $1,309 4.38%
    >60% 7 $825,000 $117,857 $1,705 4.11%
    47% 7 $1,825,000 $260,714 $2,028 3.66%
    49% 5 $705,000 $141,000 $1,774 4.09%
    45% 5 $395,000 $79,000 $2,065 3.68%
    46% 4 $380,000 $95,000 $2,400 4.28%

    Sun Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 201 originations. The next most common DTI ratio? 30-36%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 561 $71,045,000 $126,640 $1,913 3.77%
    Black 75 $8,045,000 $107,267 $1,695 4.54%
    Not provided 40 $7,270,000 $181,750 $2,323 4.19%
    Asian 8 $630,000 $78,750 $1,288 4.54%
    Filipino 1 $185,000 $185,000 $3,810 3.00%

    Approval Rates

    Total approvals of all applications
    92.26%

    Sun Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.09%

    Sun Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1075.0 1 $225,000 $225,000
    1824.5 1 $245,000 $245,000
    5979.24 1 $205,000 $205,000
    94604.54 1 $235,000 $235,000
    NA 681 $86,265,000 $126,674

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $330,000 $165,000
    Single Family (1-4 Units):Site-Built 683 $86,845,000 $127,152

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 136 $10,670,000 $78,456 $1,415 4.12%
    40-60% 105 $13,825,000 $131,667 $2,242 3.55%
    60-80% 128 $22,810,000 $178,203 $2,275 3.62%
    80-100% 109 $23,305,000 $213,807 $2,332 3.56%
    Over 100% 3 $1,475,000 $491,667 $2,475 2.79%
    Under 20% 139 $5,825,000 $41,906 $1,103 4.35%