Sun Federal Credit Union Mortgage Rates, Fees & Info
Maumee, OHLEI: 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 New York among others. We have data for 54 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.
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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 | 6.27% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.56% | 4/21/24 |
| 15 Year Conventional Purchase | 5.64% | 4/21/24 |
| 15 Year Conventional Refi | 5.72% | 4/21/24 |
| 15 Year Cash-out Refi | 5.72% | 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. | ||
Sun Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
700Origination Dollar Volume (All Markets)
$93,720,000Awards
SUN Federal Credit Union - 2021
SUN Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 399 | $44,855,000 | $112,419 | $1,833 | 3.64% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 129 | $21,685,000 | $168,101 | $2,148 | 3.86% |
| READING, PA (FHA|USDA|VA) | 41 | $4,655,000 | $113,537 | $2,342 | 3.74% |
| MONROE, MI (FHA|USDA|VA) | 29 | $4,025,000 | $138,793 | $1,393 | 3.59% |
| Outside of Metro Areas | 19 | $2,805,000 | $147,632 | $2,631 | 3.67% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $3,817 | 3.06% |
| Fremont, OH (FHA|USDA|VA) | 11 | $1,035,000 | $94,091 | $1,589 | 3.30% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,978 | 3.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $2,596 | 2.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $2,733 | 3.28% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,516 | 3.31% |
| Adrian, MI (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $1,436 | 3.21% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,653 | 3.33% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 3.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,140 | 3.19% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,744 | 3.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,253 | 3.44% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,475 | 3.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,690 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,391 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,213 | 3.46% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,239 | 3.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,271 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,190 | 3.50% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,507 | 3.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,692 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,969 | 3.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,857 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,082 | 3.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,250 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $844 | 3.25% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,347 | 3.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,909 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,594 | 3.25% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,661 | 3.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,027 | 3.38% |
| DOVER, DE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,224 | 4.13% |
| Defiance, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,272 | 3.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,061 | 2.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,172 | 2.50% |
| DuBois, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $475 | 5.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.50% |
| Findlay, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.50% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 688 | $92,380,000 | $134,273 | $1,979 | 3.65% |
| HELOC | 10 | $590,000 | $59,000 | n/a | 3.90% |
| VA | 2 | $750,000 | $375,000 | $4,095 | 3.00% |
For 2021, Sun Federal Credit Union's most frequently originated type of loan was Conventional, with 688 originations. Their 2nd most popular type was HELOC, with 10 originations.
Loan Reason
For 2021, Sun Federal Credit Union's most frequently cited loan purpose was Refi, with 264 originations. The 2nd most popular reason was Home Purchase, with 162 originations.
Loan Duration/Length
For 2021, Sun Federal Credit Union's most frequently cited loan duration was 15 Year, with 246 originations. The 2nd most popular length was Other, with 150 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 543 | $81,765,000 | $150,580 |
| $1k-2k | 5 | $595,000 | $119,000 |
| $3k-4k | 1 | $605,000 | $605,000 |
Sun Federal Credit Union's average total fees were $2,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 543 originations.
Interest Rates
During 2021, Sun Federal Credit Union's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 308 originations.
Loan Sizing
2021 saw Sun Federal Credit Union place emphasis on $100,000 or less loans with 332 originations, totaling $16,670,000 in origination value.
Applicant Income
Sun Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 186 originations. The second most popular income band? $50k-75k, with 131 originations.
Applicant Debt to Income Ratio
Sun Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 216 originations. The next most common DTI ratio? 30-36%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.84%
Sun Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.57%
Sun Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $320,000 | $80,000 |
| 1093.0 | 1 | $75,000 | $75,000 |
| 2173.0 | 1 | $55,000 | $55,000 |
| 2198.88 | 1 | $55,000 | $55,000 |
| 2275.6 | 1 | $95,000 | $95,000 |
| 2411.82 | 1 | $55,000 | $55,000 |
| 2618.0 | 1 | $95,000 | $95,000 |
| 2806.13 | 1 | $105,000 | $105,000 |
| 2914.64 | 1 | $55,000 | $55,000 |
| 3157.0 | 1 | $145,000 | $145,000 |
| 3467.75 | 1 | $155,000 | $155,000 |
| NA | 686 | $92,510,000 | $134,854 |