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Suncoast Credit Union
Credit Union|Tampa, FL|Multi-Region
Loans Originated
1,508
Applications
2,375
Volume
$458 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.857%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$705
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
63.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 85.70 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
Suncoast Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 14 metro areas · 8 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$304,038
Average Borrower Income
$127,326
Average Property Value
$405,239
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Strong | 1,480 | 98.1% | -0.850% | -$699 |
Jumbo Loans | Strong | Strong | Exceptional | Strong | 28 | 1.9% | -1.240% | -$1,039 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Strong | 1,193 | 79.1% | -0.882% | -$894 |
Refinance | Strong | Strong | Exceptional | Sound | 315 | 20.9% | -0.763% | $10 |
Geographic Coverage
Metro Areas
13
States Served
8
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALFLGAMSNCSCTNVA
Top Metro Areas by Place Specialization Score
1
Tampa, FL, FLMSA
Volume: 501Mix: 33.22%
Place Specialization
Exceptional
2
Cape Coral, FLMSA
Volume: 304Mix: 20.16%
Place Specialization
Exceptional
3
Homosassa Springs, FL, FLMSA
Volume: 70Mix: 4.64%
Place Specialization
Exceptional
4
Punta Gorda, FL, FLMSA
Volume: 88Mix: 5.84%
Place Specialization
Exceptional
5
Naples, FLMSA
Volume: 69Mix: 4.58%
Place Specialization
Strong
6
North Port, FLMSA
Volume: 132Mix: 8.75%
Place Specialization
Strong
7
St. Petersburg, FLMSA
Volume: 90Mix: 5.97%
Place Specialization
Strong
8
Lakeland, FLMSA
Volume: 42Mix: 2.79%
Place Specialization
Strong
9
Orlando, FLMSA
Volume: 40Mix: 2.65%
Place Specialization
Sound
10
Ocala, FL, FLMSA
Volume: 17Mix: 1.13%
Place Specialization
Sound
Showing 10 of 13 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 1,473Mix: 97.68%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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