Listerhill Credit Union Mortgage Rates, Fees & Info

Muscle Shoals, AL

LEI: 2549000VVDQ9NNW01Q23

Tax ID: 63-0333902

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Listerhill Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Listerhill Credit Union has a high proportion of conventional loans. Their top markets include Florence, Nashville, Huntsville, Cullman, and Lawrenceburg among others. Listerhill Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Listerhill Credit Union is typically a low fee lendor.


Originations

790

Origination Dollar Volume (All Markets)

$129,930,000

Awards

Listerhill Credit Union 30 Year Conventional Loans silver Listerhill Credit Union 30 Year Conventional Loans bronze Listerhill Credit Union 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Listerhill Credit Union's average 30 year fixed rate mortgage of loans were 3.42%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.27%.

Relative Fees

Listerhill Credit Union's average total fees for a 30 year fixed rate mortgage are $3,022.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 488 $72,180,000 $147,910 $2,496 3.31%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 89 $23,445,000 $263,427 $3,125 3.47%
Outside of Metro Areas 120 $14,490,000 $120,750 $2,427 3.28%
HUNTSVILLE, AL (FHA|USDA|VA) 19 $4,085,000 $215,000 $2,947 3.40%
Cullman, AL (FHA|USDA|VA) 16 $3,090,000 $193,125 $2,832 3.23%
Lawrenceburg, TN (FHA|USDA|VA) 13 $2,805,000 $215,769 $2,737 3.52%
DECATUR, AL (FHA|USDA|VA) 19 $2,685,000 $141,316 $2,209 3.26%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,520,000 $760,000 $9,306 3.56%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,435,000 $205,000 $3,057 3.74%
PANAMA CITY, FL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 4.00%
Lewisburg, TN (FHA|USDA|VA) 3 $805,000 $268,333 $2,212 3.49%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $615,000 $205,000 $3,775 3.04%
Corinth, MS (FHA|USDA|VA) 1 $335,000 $335,000 $4,673 3.25%
JACKSON, TN (FHA|USDA|VA) 1 $335,000 $335,000 $5,410 3.00%
GADSDEN, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,637 3.63%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.59%
Enterprise, AL (FHA|USDA|VA) 2 $160,000 $80,000 $3,003 3.37%
Tupelo, MS (FHA|USDA|VA) 2 $140,000 $70,000 $2,084 4.06%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.89%

Listerhill Credit Union's top markets include Florence, Nashville, Huntsville, Cullman, and Lawrenceburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 790 $129,930,000 $164,468 $2,596 3.33%

For the 2021 period, Listerhill Credit Union's most frequently originated loan type of loans were Conventional, with 790 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 378 $54,750,000 $144,841 $2,614 3.25%
Home Purchase 228 $46,660,000 $204,649 $2,672 3.58%
Refi 184 $28,520,000 $155,000 $2,446 3.20%

For the 2021, Listerhill Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 378 originations. The 2nd most popular reason of loans were Home Purchase, with 228 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 337 $74,395,000 $220,757 $3,022 3.42%
15 Year 135 $16,705,000 $123,741 $2,758 2.85%
10 Year 110 $8,030,000 $73,000 $1,037 3.10%
5 Year 84 $17,720,000 $210,952 $0 3.74%
20 Year 78 $7,250,000 $92,949 $2,654 3.74%
Other 44 $5,530,000 $125,682 $2,470 3.20%
3 Year 2 $300,000 $150,000 $0 3.54%

For the 2021, Listerhill Credit Union's most frequently cited loan length of loans were 30 Year, with 337 originations. The 2nd most popular length of loans were 15 Year, with 135 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 385 $48,025,000 $124,740
$1k-2k 209 $35,515,000 $169,928
$2k-3k 48 $12,290,000 $256,042
$3k-4k 17 $6,865,000 $403,824
$5k+ 7 $7,325,000 $1,046,429

$3,022 of loans were Listerhill Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 385 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 422 $81,140,000 $192,275
2.5-3% 324 $42,830,000 $132,191
4-5% 37 $5,645,000 $152,568
5-6% 6 $290,000 $48,333
6-7% 1 $25,000 $25,000

During 2021, Listerhill Credit Union's average interest rate of loans were 3.42%, while their most frequently originated rate bucket of loans were 3-4%, with 422 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 304 $18,400,000 $60,526 $1,727 3.39%
$100k-200k 298 $42,380,000 $142,215 $2,618 3.26%
$200k-400k 153 $41,625,000 $272,059 $3,304 3.31%
$600k-1MM 15 $10,815,000 $721,000 $6,084 3.67%
$400k-600k 14 $6,650,000 $475,000 $4,302 3.42%
$1MM+ 6 $10,060,000 $1,676,667 $10,370 3.60%

2021 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 304 originations, totaling $18,400,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 187 $24,975,000 $133,556 $2,433 3.31%
$50k or less 180 $17,770,000 $98,722 $2,088 3.31%
$75k-100k 146 $22,970,000 $157,329 $2,659 3.32%
$100k-150k 129 $21,565,000 $167,171 $2,655 3.26%
$150k-250k 44 $12,660,000 $287,727 $4,023 3.28%
$250k+ 22 $11,170,000 $507,727 $5,231 3.36%

Listerhill Credit Union lent most frequently to those with incomes in the $50k-75k range, with 187 originations. The second most popular income band? $50k or less, with 180 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 216 $33,230,000 $153,843 $2,643 3.27%
30-36% 152 $23,640,000 $155,526 $2,514 3.29%
<20% 116 $14,220,000 $122,586 $2,415 3.10%
40% 35 $5,305,000 $151,571 $2,490 3.47%
36% 29 $5,185,000 $178,793 $2,451 3.26%
39% 27 $4,535,000 $167,963 $2,317 3.56%
42% 21 $3,945,000 $187,857 $2,807 3.52%
38% 21 $4,965,000 $236,429 $3,376 3.33%
41% 20 $2,390,000 $119,500 $2,077 3.34%
37% 19 $2,335,000 $122,895 $2,665 3.35%
>60% 19 $2,585,000 $136,053 $3,175 3.68%
43% 15 $1,645,000 $109,667 $2,123 3.42%
44% 10 $1,590,000 $159,000 $2,852 3.11%
50-60% 10 $1,510,000 $151,000 $3,618 3.87%
46% 9 $4,635,000 $515,000 $5,249 3.50%
49% 7 $1,465,000 $209,286 $2,909 3.30%
45% 6 $1,550,000 $258,333 $2,880 3.65%
47% 4 $720,000 $180,000 $2,676 3.28%
48% 1 $105,000 $105,000 $946 2.75%

Listerhill 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 152 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 704 $110,290,000 $156,662 $2,591 3.31%
Not applicable 52 $14,320,000 $275,385 $0 3.73%
Black 31 $4,795,000 $154,677 $2,675 3.28%
Not provided 3 $525,000 $175,000 $2,867 3.08%

Approval Rates

Total approvals of all applications
91.38%

Listerhill Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
88.18%

Listerhill Credit Union has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 790 $129,930,000 $164,468

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
790 $129,930,000 $164,468

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 63 $3,785,000 $60,079 $1,524 3.31%
40-60% 118 $12,960,000 $109,831 $2,266 3.10%
60-80% 296 $52,190,000 $176,318 $2,727 3.21%
80-100% 278 $59,780,000 $215,036 $2,897 3.49%
Under 20% 34 $1,160,000 $34,118 $1,001 3.96%