Sun Federal Credit Union Mortgage Rates, Fees & Info

Maumee, OH

LEI: 549300VGZHXNY2T0G559

Tax ID: 34-1300434

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

Jump to:

  • 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

    Sun Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Sun Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Philadelphia, Reading, Fremont, and Monroe 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.

    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% 6/23/24
    30 Year Conventional Purchase 6.27% 6/23/24
    30 Year Conventional Refi 6.27% 6/23/24
    30 Year Cash-out Refi 6.27% 6/23/24
    30 Year FHA Purchase 6.27% 6/23/24
    30 Year VA Purchase 6.56% 6/23/24
    15 Year Conventional Purchase 5.64% 6/23/24
    15 Year Conventional Refi 5.72% 6/23/24
    15 Year Cash-out Refi 5.72% 6/23/24
    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

    569

    Origination Dollar Volume (All Markets)

    $66,745,000
    Show all (6) 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) 330 $33,530,000 $101,606 $1,706 5.04%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 116 $13,470,000 $116,121 $1,586 5.06%
    READING, PA (FHA|USDA|VA) 19 $2,705,000 $142,368 $2,571 4.28%
    Fremont, OH (FHA|USDA|VA) 12 $1,530,000 $127,500 $1,929 4.44%
    MONROE, MI (FHA|USDA|VA) 18 $1,480,000 $82,222 $723 5.76%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $5,553 4.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $1,045,000 $348,333 $2,538 4.29%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $860,000 $430,000 $3,539 4.38%
    Outside of Metro Areas 7 $735,000 $105,000 $2,122 4.46%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $725,000 $241,667 $4,356 4.17%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $645,000 $645,000 $3,627 3.25%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $505,000 $505,000 $5,725 2.50%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $500,000 $250,000 $4,937 5.56%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $2,486 2.50%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $475,000 $158,333 $2,264 3.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $465,000 $465,000 $4,884 4.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 6.75%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $440,000 $220,000 $3,257 4.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $2,571 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $370,000 $185,000 $3,386 4.19%
    Adrian, MI (FHA|USDA|VA) 3 $355,000 $118,333 $1,526 4.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,043 3.75%
    Hillsdale, MI (FHA|USDA|VA) 4 $270,000 $67,500 $763 3.91%
    RICHMOND, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,572 3.50%
    AKRON, OH (FHA|USDA|VA) 2 $200,000 $100,000 $2,218 4.63%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $200,000 $100,000 $3,177 5.25%
    Findlay, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,089 4.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,769 3.38%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $1,696 3.13%
    Pottsville, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,257 4.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $425 4.63%
    Sandusky, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,576 3.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,891 4.00%
    Tiffin, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 3.88%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $130,000 $65,000 $550 6.06%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $2,108 2.50%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,351 3.13%
    Defiance, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,318 5.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,802 2.63%
    OCALA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $1,632 2.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.25%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $625 6.00%
    SUMTER, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,544 4.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,751 3.50%
    LEBANON, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
    Norwalk, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.63%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,801 5.88%
    Sun Federal Credit Union's top markets include Toledo, Philadelphia, Reading, Fremont, and Monroe among others.

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

    VISIONS
    Similarity Rank: 88
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 112
    GLASS CITY Federal Credit Union
    Similarity Rank: 270
    Union Savings Bank
    Similarity Rank: 334
    First Commonwealth Federal Credit Union
    Similarity Rank: 360
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 378
    Malvern Bank N.A.
    Similarity Rank: 441
    Penn Community Bank
    Similarity Rank: 572
    Investors Bank
    Similarity Rank: 630
    The Genoa Banking Company
    Similarity Rank: 667

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 560 $65,050,000 $116,161 $1,770 4.93%
    HELOC 7 $1,315,000 $187,857 n/a 5.25%
    VA 2 $380,000 $190,000 $7,210 6.06%

    For 2022, Sun Federal Credit Union's most frequently originated type of loan was Conventional, with 560 originations. Their 2nd most popular type was HELOC, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 164 $32,160,000 $196,098 $3,148 4.34%
    Home Improvement 148 $8,500,000 $57,432 $89 5.46%
    Other 131 $8,035,000 $61,336 $67 5.87%
    Refi 85 $11,785,000 $138,647 $1,985 4.35%
    Cash Out Refi 41 $6,265,000 $152,805 $2,378 3.70%

    For 2022, Sun Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 164 originations. The 2nd most popular reason was Home Improvement, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 259 $20,095,000 $77,587 $728 5.07%
    30 Year 149 $32,465,000 $217,886 $3,184 4.42%
    Other 85 $6,945,000 $81,706 $1,095 5.34%
    20 Year 35 $5,635,000 $161,000 $2,632 4.11%
    10 Year 29 $1,325,000 $45,690 $345 5.61%
    5 Year 9 $215,000 $23,889 $36 6.85%
    3 Year 3 $65,000 $21,667 $0 5.38%

    For 2022, Sun Federal Credit Union's most frequently cited loan duration was 15 Year, with 259 originations. The 2nd most popular length was 30 Year, with 149 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 248 $46,380,000 $187,016
    $5k+ 1 $125,000 $125,000

    Sun Federal Credit Union's average total fees were $3,184, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 248 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 167 $28,545,000 $170,928
    4-5% 145 $16,955,000 $116,931
    5-6% 130 $10,960,000 $84,308
    6-7% 54 $3,620,000 $67,037
    7-8% 25 $1,895,000 $75,800
    Over 8% 23 $665,000 $28,913
    2.5-3% 14 $1,840,000 $131,429
    <2.5% 11 $2,265,000 $205,909

    During 2022, Sun Federal Credit Union's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 3-4%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 325 $15,215,000 $46,815 $665 5.42%
    $100k-200k 141 $19,105,000 $135,496 $2,493 4.29%
    $200k-400k 82 $21,520,000 $262,439 $3,307 4.35%
    $400k-600k 18 $8,410,000 $467,222 $4,114 4.31%
    $600k-1MM 2 $1,340,000 $670,000 $4,065 3.44%
    $1MM+ 1 $1,155,000 $1,155,000 $5,553 4.00%

    2022 saw Sun Federal Credit Union place emphasis on $100,000 or less loans with 325 originations, totaling $15,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 146 $17,830,000 $122,123 $1,954 4.78%
    $50k-75k 115 $11,325,000 $98,478 $1,703 5.27%
    $75k-100k 103 $12,025,000 $116,748 $1,829 4.84%
    $50k or less 91 $5,675,000 $62,363 $1,404 5.11%
    $150k-250k 88 $14,710,000 $167,159 $1,931 4.78%
    $250k+ 19 $4,795,000 $252,368 $3,256 4.38%

    Sun Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 146 originations. The second most popular income band? $50k-75k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $20,425,000 $123,788 $1,833 4.89%
    30-36% 138 $16,390,000 $118,768 $2,014 4.78%
    <20% 73 $7,175,000 $98,288 $1,883 4.45%
    36% 25 $4,315,000 $172,600 $2,253 4.77%
    39% 20 $2,130,000 $106,500 $1,375 5.27%
    40% 18 $1,040,000 $57,778 $249 5.36%
    37% 18 $3,450,000 $191,667 $2,135 5.55%
    43% 17 $1,685,000 $99,118 $2,051 5.05%
    42% 14 $1,680,000 $120,000 $1,739 5.48%
    38% 13 $515,000 $39,615 $844 6.06%
    46% 11 $1,095,000 $99,545 $405 6.36%
    41% 11 $1,505,000 $136,818 $2,415 4.52%
    48% 10 $990,000 $99,000 $1,479 5.25%
    50-60% 9 $1,455,000 $161,667 $620 5.71%
    44% 9 $885,000 $98,333 $603 5.00%
    45% 8 $1,050,000 $131,250 $4,809 4.67%
    49% 5 $145,000 $29,000 $81 5.80%
    >60% 3 $585,000 $195,000 $0 4.83%
    47% 2 $230,000 $115,000 $1,055 3.75%

    Sun Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? 30-36%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 462 $55,450,000 $120,022 $1,754 4.90%
    Black 77 $7,775,000 $100,974 $1,846 5.25%
    Not provided 25 $3,285,000 $131,400 $2,365 4.60%
    Asian 3 $135,000 $45,000 $0 5.50%
    Not applicable 2 $100,000 $50,000 $0 4.88%

    Approval Rates

    Total approvals of all applications
    78.88%

    Sun Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.92%

    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
    NA 569 $66,745,000 $117,302

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    569 $66,745,000 $117,302

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 123 $9,215,000 $74,919 $623 5.10%
    40-60% 50 $5,870,000 $117,400 $1,646 4.70%
    60-80% 108 $21,350,000 $197,685 $2,792 4.35%
    80-100% 117 $23,385,000 $199,872 $3,138 4.31%
    Under 20% 171 $6,925,000 $40,497 $134 5.70%