Listerhill Credit Union Mortgage Rates, Fees & Info

Muscle Shoals, AL

LEI: 2549000VVDQ9NNW01Q23

Tax ID: 63-0333902

5 stars - Updated: 4/5/25 - out of 5 stars, based on 21 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Listerhill Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Listerhill Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Florence, Nashville, Huntsville, Decatur, and Cullman among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Listerhill 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. Listerhill 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 6.70% 4/5/25
    30 Year Conventional Refi 6.56% 4/5/25
    30 Year Cash-out Refi 6.77% 4/5/25
    30 Year FHA Purchase 7.21% 4/5/25
    30 Year VA Purchase 6.81% 4/5/25
    30 Year VA Refi 6.97% 4/5/25
    30 Year USDA Purchase 6.78% 4/5/25
    15 Year Conventional Purchase 6.51% 4/5/25
    15 Year Conventional Refi 6.11% 4/5/25
    15 Year Cash-out Refi 6.11% 4/5/25
    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.

    Listerhill Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Listerhill 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

    440

    Origination Dollar Volume (All Markets)

    $59,960,000

    Awards

    Listerhill Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Listerhill Credit Union's average 30 year fixed mortgage rate was 6.52%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.03%.

    Relative Fees (Closing Costs)

    Listerhill Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,985.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 228 $29,330,000 $128,640 $3,568 6.06%
    Outside of Metro Areas 70 $8,500,000 $121,429 $3,609 5.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 53 $7,505,000 $141,604 $3,757 5.54%
    HUNTSVILLE, AL (FHA|USDA|VA) 34 $5,150,000 $151,471 $3,948 6.24%
    DECATUR, AL (FHA|USDA|VA) 15 $2,955,000 $197,000 $4,838 6.22%
    Cullman, AL (FHA|USDA|VA) 11 $1,555,000 $141,364 $3,728 6.99%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 8 $1,450,000 $181,250 $3,697 6.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $905,000 $905,000 $5,750 7.75%
    Lawrenceburg, TN (FHA|USDA|VA) 6 $820,000 $136,667 $6,024 4.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $570,000 $285,000 $3,825 6.37%
    Jasper, AL (FHA|USDA|VA) 3 $355,000 $118,333 $5,553 5.71%
    Sturgis, MI (FHA|USDA|VA) 1 $275,000 $275,000 $13,588 6.13%
    Corinth, MS (FHA|USDA|VA) 2 $210,000 $105,000 $1,834 6.38%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $7,090 6.88%
    Lewisburg, TN (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $65,000 $65,000 $865 8.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.50%
    Albertville, AL (FHA|USDA|VA) 1 $35,000 $35,000 $1,259 8.25%
    Listerhill Credit Union's top markets include Florence, Nashville, Huntsville, Decatur, and Cullman among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

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

    TVA Community Credit Union
    Similarity Rank: 24
    AMERICA'S FIRST
    Similarity Rank: 168
    Consumer First Mortgage, Inc.
    Similarity Rank: 442
    The Farmers Bank
    Similarity Rank: 510
    Listerhill Credit Union
    Similarity Rank: 522
    DSLD MORTGAGE, LLC
    Similarity Rank: 546
    CORNERSTONE FINANCIAL CREDIT UNION
    Similarity Rank: 670
    River Bank & Trust
    Similarity Rank: 936
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1020
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 1062

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 260 $44,820,000 $172,385 $3,588 7.34%
    HELOC 169 $12,965,000 $76,716 n/a 4.00%
    VA 5 $965,000 $193,000 $6,892 6.38%
    USDA 4 $810,000 $202,500 $7,819 6.03%
    FHA 2 $400,000 $200,000 $8,919 6.38%

    For 2024, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was HELOC, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 294 $26,490,000 $90,102 $2,264 5.72%
    Home Purchase 118 $26,760,000 $226,780 $4,942 6.69%
    Refi 28 $6,710,000 $239,643 $4,800 6.55%

    For 2024, Listerhill Credit Union's most frequently cited loan purpose was Cash Out Refi, with 294 originations. The 2nd most popular reason was Home Purchase, with 118 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 179 $14,155,000 $79,078 $3,642 4.24%
    30 Year 138 $34,980,000 $253,478 $4,985 6.52%
    10 Year 94 $6,540,000 $69,574 $1,344 8.34%
    15 Year 20 $3,250,000 $162,500 $3,669 6.89%
    5 Year 4 $280,000 $70,000 $0 7.94%
    Other 4 $620,000 $155,000 $1,339 8.75%
    3 Year 1 $135,000 $135,000 $0 7.75%

    For 2024, Listerhill Credit Union's most frequently cited loan duration was 20 Year, with 179 originations. The 2nd most popular length was 30 Year, with 138 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 101 $13,105,000 $129,752
    $2k-3k 45 $8,705,000 $193,444
    $3k-4k 38 $9,690,000 $255,000
    $1k-2k 29 $3,575,000 $123,276
    $4k-5k 15 $5,055,000 $337,000
    $5k+ 10 $4,550,000 $455,000

    Listerhill Credit Union's average total fees were $4,985, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 101 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 169 $12,965,000 $76,716
    6-7% 102 $22,450,000 $220,098
    Over 8% 79 $6,415,000 $81,203
    7-8% 54 $9,640,000 $178,519
    5-6% 36 $8,490,000 $235,833

    During 2024, Listerhill Credit Union's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 3-4%, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 229 $11,885,000 $51,900 $1,618 5.86%
    $100k-200k 108 $14,860,000 $137,593 $3,684 6.10%
    $200k-400k 85 $22,615,000 $266,059 $5,337 6.29%
    $400k-600k 13 $5,895,000 $453,462 $6,291 6.44%
    $600k-1MM 4 $3,200,000 $800,000 $6,336 6.81%
    $1MM+ 1 $1,505,000 $1,505,000 $4,405 7.75%

    2024 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 229 originations, totaling $11,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $17,160,000 $156,000 $4,331 6.07%
    $50k-75k 104 $10,940,000 $105,192 $3,253 6.05%
    $75k-100k 92 $11,060,000 $120,217 $3,919 6.05%
    $150k-250k 53 $10,605,000 $200,094 $4,828 5.72%
    $50k or less 43 $2,615,000 $60,814 $2,686 6.23%
    $250k+ 19 $5,645,000 $297,105 $3,818 5.80%

    Listerhill Credit Union lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $15,525,000 $145,093 $3,923 6.25%
    30-36% 76 $9,480,000 $124,737 $3,583 5.93%
    <20% 29 $3,525,000 $121,552 $3,267 5.97%
    40% 26 $3,820,000 $146,923 $3,453 5.70%
    42% 21 $3,115,000 $148,333 $3,859 6.02%
    41% 20 $2,440,000 $122,000 $2,612 6.42%
    39% 20 $2,370,000 $118,500 $3,447 6.48%
    45% 17 $2,645,000 $155,588 $5,408 5.82%
    38% 16 $2,710,000 $169,375 $4,316 6.09%
    43% 16 $1,510,000 $94,375 $2,434 5.86%
    37% 15 $2,325,000 $155,000 $3,331 6.15%
    44% 15 $1,545,000 $103,000 $3,974 6.18%
    36% 15 $1,675,000 $111,667 $4,630 5.87%
    49% 10 $1,660,000 $166,000 $4,605 5.29%
    47% 6 $390,000 $65,000 $7,053 4.44%
    46% 6 $1,160,000 $193,333 $4,992 5.21%
    >60% 6 $1,530,000 $255,000 $2,501 5.33%
    48% 6 $1,180,000 $196,667 $6,576 5.56%
    50-60% 4 $270,000 $67,500 $0 4.00%

    Listerhill Credit Union lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 398 $54,480,000 $136,884 $3,825 5.97%
    Black 18 $2,070,000 $115,000 $2,620 6.37%
    Not provided 12 $1,720,000 $143,333 $3,832 5.98%
    Not applicable 7 $845,000 $120,714 $0 8.29%
    Asian 3 $565,000 $188,333 $4,265 7.29%
    Native Hawaiian or Islander 1 $245,000 $245,000 $5,343 6.63%
    American Indian 1 $35,000 $35,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    92.59%

    Listerhill Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.00%

    Listerhill Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 440 $59,960,000 $136,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    440 $59,960,000 $136,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $10,595,000 $89,034 $2,099 5.73%
    40-60% 52 $7,390,000 $142,115 $3,186 5.94%
    60-80% 79 $18,075,000 $228,797 $4,612 6.77%
    80-100% 74 $18,160,000 $245,405 $4,810 6.50%
    Over 100% 3 $575,000 $191,667 $11,768 7.00%
    Under 20% 112 $5,110,000 $45,625 $1,201 5.52%