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

Jump to:

  • 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 and Home Purchase loans. Sunwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pueblo, Cañon City, Colorado Springs, and Farmington among others. We have data for 5 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 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
    30 Year Conventional Purchase 6.27% 4/28/24
    30 Year Conventional Refi 6.27% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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.

    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

    93

    Origination Dollar Volume (All Markets)

    $15,725,000

    Awards

    SunWest Credit Union 30 Year Conventional Loans silver
    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) 71 $11,345,000 $159,789 $2,808 3.05%
    Cañon City, CO (FHA|USDA|VA) 16 $3,010,000 $188,125 $3,134 3.07%
    Outside of Metro Areas 4 $860,000 $215,000 $3,247 3.84%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $5,032 3.00%
    FARMINGTON, NM (FHA|USDA|VA) 1 $185,000 $185,000 $4,958 2.75%
    Sunwest Credit Union's top markets include Pueblo, Cañon City, Colorado Springs, and Farmington among others.

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

    SunWest Credit Union
    Similarity Rank: 235
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 703
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION
    Similarity Rank: 738
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 756
    Ent Credit Union
    Similarity Rank: 799
    SECURITY SERVICE
    Similarity Rank: 1092
    PREMIER MEMBERS CREDIT UNION
    Similarity Rank: 1150
    THE MORTGAGE COMPANY
    Similarity Rank: 1484
    Zions Bank
    Similarity Rank: 2170
    First Western Trust Bank
    Similarity Rank: 2436

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $15,620,000 $169,783 $2,934 3.06%
    HELOC 1 $105,000 $105,000 n/a 5.00%

    For 2021, Sunwest Credit Union's most frequently originated type of loan was Conventional, with 92 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $11,645,000 $159,521 $2,777 3.03%
    Home Purchase 17 $3,775,000 $222,059 $3,635 3.15%
    Cash Out Refi 3 $305,000 $101,667 $2,311 3.92%

    For 2021, Sunwest Credit Union's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 57 $11,295,000 $198,158 $3,348 3.12%
    15 Year 22 $2,360,000 $107,273 $2,005 2.97%
    Other 7 $1,085,000 $155,000 $2,655 2.98%
    20 Year 5 $825,000 $165,000 $2,642 3.00%
    10 Year 1 $55,000 $55,000 $1,344 3.00%
    5 Year 1 $105,000 $105,000 $0 5.00%

    For 2021, Sunwest Credit Union's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 42 $6,680,000 $159,048
    $1k-2k 25 $2,435,000 $97,400
    $3k-4k 14 $3,320,000 $237,143
    $4k-5k 5 $1,525,000 $305,000
    $5k+ 3 $1,225,000 $408,333
    $<1k 1 $275,000 $275,000

    Sunwest Credit Union's average total fees were $3,348, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 50 $8,990,000 $179,800
    3-4% 34 $5,350,000 $157,353
    <2.5% 7 $1,005,000 $143,571
    4-5% 1 $105,000 $105,000
    6-7% 1 $275,000 $275,000

    During 2021, Sunwest Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,755,000 $153,596 $2,775 3.03%
    $200k-400k 18 $4,920,000 $273,333 $4,135 3.21%
    $100,000 or less 16 $1,140,000 $71,250 $1,526 3.15%
    $400k-600k 2 $910,000 $455,000 $6,443 3.00%

    2021 saw Sunwest Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $8,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $3,090,000 $128,750 $2,414 3.00%
    $100k-150k 21 $4,245,000 $202,143 $3,191 3.14%
    $50k-75k 21 $3,465,000 $165,000 $2,838 3.01%
    $75k-100k 19 $3,805,000 $200,263 $3,308 3.01%
    $150k-250k 4 $570,000 $142,500 $3,081 3.22%
    $250k+ 1 $285,000 $285,000 $4,344 2.88%

    Sunwest Credit Union lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 28 $4,910,000 $175,357 $2,931 3.05%
    20-30% 22 $3,230,000 $146,818 $2,584 3.03%
    <20% 7 $1,115,000 $159,286 $2,594 3.02%
    42% 6 $1,130,000 $188,333 $3,225 3.00%
    37% 5 $1,215,000 $243,000 $3,998 3.08%
    45% 5 $1,165,000 $233,000 $3,795 3.08%
    39% 4 $900,000 $225,000 $3,785 3.03%
    46% 3 $485,000 $161,667 $2,827 2.96%
    40% 2 $320,000 $160,000 $3,028 3.13%
    38% 2 $310,000 $155,000 $2,846 3.31%
    43% 2 $250,000 $125,000 $2,251 3.00%
    44% 1 $55,000 $55,000 $1,246 2.75%
    41% 1 $175,000 $175,000 $2,849 2.75%
    36% 1 $35,000 $35,000 $1,136 3.49%
    48% 1 $165,000 $165,000 $3,572 3.13%

    Sunwest Credit Union lent most frequently to those with DTI ratios of 30-36%, with 28 originations. The next most common DTI ratio? 20-30%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $15,300,000 $173,864 $2,965 3.05%
    Not applicable 3 $265,000 $88,333 $0 4.25%
    Black 2 $160,000 $80,000 $1,560 3.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    Sunwest Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.55%

    Sunwest Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 93 $15,725,000 $169,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $15,725,000 $169,086

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,255,000 $96,538 $1,792 2.98%
    40-60% 27 $3,965,000 $146,852 $2,495 2.95%
    60-80% 41 $7,805,000 $190,366 $3,240 3.11%
    80-100% 11 $2,645,000 $240,455 $4,257 3.47%
    Under 20% 1 $55,000 $55,000 $1,246 2.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Trouble during payment process 4 10.0%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 12.5%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Closing on a mortgage 2 5.0%
    SUN WEST MORTGAGE COMPANY, INC. Conventional home mortgage Trouble during payment process 3 7.5%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 6 15.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Closing on a mortgage 4 10.0%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Struggling to pay mortgage 3 7.5%
    SUN WEST MORTGAGE COMPANY, INC. FHA mortgage Trouble during payment process 3 7.5%
    SUN WEST MORTGAGE COMPANY, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.0%
    SUN WEST MORTGAGE COMPANY, INC. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.0%
    SUN WEST MORTGAGE COMPANY, INC. Reverse mortgage Trouble during payment process 1 2.5%
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 4 10.0%
    SUN WEST MORTGAGE COMPANY, INC. VA mortgage Struggling to pay mortgage 1 2.5%