Sunwest Credit Union Mortgage Rates, Fees & Info

Pueblo, CO

LEI: 549300ZJR72I7J2E7R18

Tax ID: 84-0417233

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Sunwest Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Sunwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pueblo, Cañon City, Denver, Colorado Springs, and Greeley among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sunwest Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Sunwest Credit Union is typically a high 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
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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.

    Sunwest Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Sunwest 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

    102

    Origination Dollar Volume (All Markets)

    $8,960,000

    Awards

    SunWest Credit Union 30 Year Conventional Loans bronze
    Show all (1) 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
    PUEBLO, CO (FHA|USDA|VA) 68 $4,840,000 $71,176 $6,365 5.11%
    Cañon City, CO (FHA|USDA|VA) 24 $2,220,000 $92,500 $14,644 5.26%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $925,000 $308,333 $640 4.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $380,000 $190,000 $2,241 4.00%
    GREELEY, CO (FHA|USDA|VA) 1 $265,000 $265,000 $4,043 4.38%
    Outside of Metro Areas 3 $205,000 $68,333 $1,045 5.00%
    BOULDER, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,604 4.50%
    Sunwest Credit Union's top markets include Pueblo, Cañon City, Denver, Colorado Springs, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION
    Similarity Rank: 255
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 335
    THE MORTGAGE COMPANY
    Similarity Rank: 528
    Ent Credit Union
    Similarity Rank: 576
    Zions Bank
    Similarity Rank: 635
    SECURITY SERVICE
    Similarity Rank: 1024
    Midwest Mortgage Associates Corporation
    Similarity Rank: 1984
    CLEARPATH LENDING
    Similarity Rank: 3220
    CHERRY CREEK MORTGAGE, LLC
    Similarity Rank: 3502
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 4047

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $8,960,000 $87,843 $7,848 5.09%

    For 2018, Sunwest Credit Union's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 45 $3,495,000 $77,667 $8,377 5.27%
    Cash Out Refi 25 $2,475,000 $99,000 $3,778 4.82%
    Home Improvement 19 $795,000 $41,842 $116 5.29%
    Home Purchase 11 $2,015,000 $183,182 $29,704 4.63%
    Other 2 $180,000 $90,000 $68 5.13%

    For 2018, Sunwest Credit Union's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 44 $1,730,000 $39,318 $235 5.57%
    15 Year 19 $2,295,000 $120,789 $2,255 4.40%
    30 Year 16 $3,190,000 $199,375 $45,888 4.46%
    Other 10 $800,000 $80,000 $66 6.17%
    5 Year 7 $285,000 $40,714 $235 4.67%
    20 Year 6 $660,000 $110,000 $1,801 4.14%

    For 2018, Sunwest Credit Union's most frequently cited loan duration was 10 Year, with 44 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 16 $1,410,000 $88,125
    $1k-2k 16 $1,520,000 $95,000
    $2k-3k 12 $1,930,000 $160,833
    $3k-4k 3 $855,000 $285,000
    $4k-5k 2 $690,000 $345,000

    Sunwest Credit Union's average total fees were $45,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 47 $4,645,000 $98,830
    3-4% 21 $2,335,000 $111,190
    5-6% 17 $1,205,000 $70,882
    6-7% 15 $665,000 $44,333
    7-8% 1 $55,000 $55,000
    Over 8% 1 $55,000 $55,000

    During 2018, Sunwest Credit Union's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,125,000 $44,014 $2,021 5.38%
    $100k-200k 23 $3,165,000 $137,609 $2,147 4.39%
    $200k-400k 7 $1,985,000 $283,571 $86,545 4.50%
    $600k-1MM 1 $685,000 $685,000 $1,788 4.50%

    2018 saw Sunwest Credit Union place emphasis on $100,000 or less loans with 71 originations, totaling $3,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $2,065,000 $59,000 $839 5.28%
    $100k-150k 27 $3,535,000 $130,926 $25,258 4.84%
    $75k-100k 20 $1,130,000 $56,500 $512 5.48%
    $50k or less 17 $1,245,000 $73,235 $4,271 4.77%
    $150k-250k 3 $985,000 $328,333 $2,104 4.37%

    Sunwest Credit Union lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 25 $2,715,000 $108,600 $16,361 4.75%
    30-36% 23 $1,755,000 $76,304 $917 5.27%
    <20% 10 $660,000 $66,000 $813 4.51%
    40% 7 $565,000 $80,714 $770 5.59%
    44% 6 $400,000 $66,667 $714 5.66%
    42% 6 $540,000 $90,000 $927 5.11%
    39% 6 $350,000 $58,333 $613 5.55%
    38% 4 $250,000 $62,500 $812 5.00%
    36% 4 $480,000 $120,000 $82,453 4.93%
    43% 3 $755,000 $251,667 $679 5.33%
    50-60% 2 $80,000 $40,000 $858 5.75%
    41% 2 $210,000 $105,000 $772 5.38%
    45% 1 $35,000 $35,000 $711 6.60%
    46% 1 $45,000 $45,000 $1,130 3.49%
    48% 1 $65,000 $65,000 $1,533 5.50%
    37% 1 $55,000 $55,000 $1,609 3.75%

    Sunwest Credit Union lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $8,515,000 $86,010 $8,056 5.09%
    Black 2 $310,000 $155,000 $12 5.63%
    American Indian 1 $135,000 $135,000 $2,902 4.00%

    Approval Rates

    Total approvals of all applications
    92.11%

    Sunwest Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.06%

    Sunwest Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 102 $8,960,000 $87,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 101 $8,925,000 $88,366

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $1,735,000 $64,259 $536 5.15%
    40-60% 13 $1,315,000 $101,154 $1,771 4.80%
    60-80% 23 $2,965,000 $128,913 $4,820 4.78%
    80-100% 7 $1,775,000 $253,571 $92,464 4.86%
    Under 20% 32 $1,170,000 $36,563 $152 5.44%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Trouble during payment process 1 10.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Closing on a mortgage 1 10.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Struggling to pay mortgage 1 10.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Trouble during payment process 3 30.0%
    SUN WEST MORTGAGE COMPANY, INC. Other type of mortgage Struggling to pay mortgage 2 20.0%
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Trouble during payment process 2 20.0%