Listerhill Credit Union Mortgage Rates, Fees & Info

Muscle Shoals, AL

LEI: 2549000VVDQ9NNW01Q23

Tax ID: 63-0333902

5 stars - Updated: 12/9/24 - out of 5 stars, based on 21 reviews

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

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Mortgage Data

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. Their top markets by origination volume include: Florence, Nashville, Huntsville, Decatur, and Cullman among others. We have data for 17 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 a below 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.02% 12/9/24
30 Year Conventional Refi 5.79% 12/9/24
30 Year Cash-out Refi 5.97% 12/9/24
30 Year USDA Purchase 6.27% 12/9/24
15 Year Conventional Purchase 5.10% 12/9/24
15 Year Conventional Refi 5.44% 12/9/24
15 Year Cash-out Refi 5.44% 12/9/24
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.

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

446

Origination Dollar Volume (All Markets)

$70,650,000
Show all (6) awards

Relative Rate

Listerhill Credit Union's average 30 year fixed mortgage rate was 6.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Listerhill Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,200.

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 $9,089.

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) 229 $31,545,000 $137,751 $2,145 6.26%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 56 $15,000,000 $267,857 $2,903 6.22%
Outside of Metro Areas 69 $10,455,000 $151,522 $2,343 6.07%
HUNTSVILLE, AL (FHA|USDA|VA) 34 $4,860,000 $142,941 $3,055 6.34%
DECATUR, AL (FHA|USDA|VA) 13 $2,365,000 $181,923 $2,364 6.35%
Cullman, AL (FHA|USDA|VA) 15 $1,985,000 $132,333 $2,702 6.84%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $795,000 $159,000 $2,726 7.50%
Lawrenceburg, TN (FHA|USDA|VA) 4 $770,000 $192,500 $2,032 7.68%
Jasper, AL (FHA|USDA|VA) 5 $725,000 $145,000 $1,683 4.93%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $520,000 $130,000 $1,651 7.81%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $420,000 $210,000 $5,134 5.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $395,000 $395,000 $2,736 6.49%
Lewisburg, TN (FHA|USDA|VA) 3 $385,000 $128,333 $3,567 5.13%
Tupelo, MS (FHA|USDA|VA) 2 $200,000 $100,000 $2,200 7.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $95,000 $95,000 $1,169 8.50%
Corinth, MS (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.00%
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)
  • Mississippi (FHA|USDA|VA)
  • Georgia (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
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 326 $62,310,000 $191,135 $2,394 7.12%
    HELOC 120 $8,340,000 $69,500 n/a 4.02%

    For 2023, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 326 originations. Their 2nd most popular type was HELOC, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 304 $34,210,000 $112,533 $1,878 6.03%
    Home Purchase 107 $25,165,000 $235,187 $3,160 6.76%
    Refi 35 $11,275,000 $322,143 $2,891 7.08%

    For 2023, Listerhill Credit Union's most frequently cited loan purpose was Cash Out Refi, with 304 originations. The 2nd most popular reason was Home Purchase, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 153 $44,845,000 $293,105 $3,200 6.64%
    20 Year 134 $12,460,000 $92,985 $2,647 4.39%
    10 Year 112 $6,960,000 $62,143 $1,207 7.60%
    15 Year 17 $1,835,000 $107,941 $2,427 7.31%
    Other 16 $3,010,000 $188,125 $1,361 7.25%
    3 Year 8 $730,000 $91,250 $0 8.09%
    5 Year 6 $810,000 $135,000 $0 7.15%

    For 2023, Listerhill Credit Union's most frequently cited loan duration was 30 Year, with 153 originations. The 2nd most popular length was 20 Year, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 217 $38,515,000 $177,488
    $1k-2k 25 $3,995,000 $159,800
    $2k-3k 15 $3,105,000 $207,000
    $3k-4k 11 $2,915,000 $265,000
    $5k+ 9 $4,355,000 $483,889
    $4k-5k 3 $1,025,000 $341,667

    Listerhill Credit Union's average total fees were $3,200, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 217 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 119 $8,285,000 $69,622
    6-7% 112 $21,330,000 $190,446
    7-8% 101 $14,435,000 $142,921
    5-6% 59 $18,065,000 $306,186
    Over 8% 54 $8,430,000 $156,111
    4-5% 1 $105,000 $105,000

    During 2023, Listerhill Credit Union's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 3-4%, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 242 $12,570,000 $51,942 $1,385 6.02%
    $100k-200k 92 $12,550,000 $136,413 $2,262 6.62%
    $200k-400k 77 $21,575,000 $280,195 $3,414 6.65%
    $400k-600k 23 $10,475,000 $455,435 $3,556 6.13%
    $1MM+ 6 $9,460,000 $1,576,667 $6,032 6.85%
    $600k-1MM 6 $4,020,000 $670,000 $4,095 7.18%

    2023 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 242 originations, totaling $12,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 102 $16,050,000 $157,353 $2,317 6.09%
    $75k-100k 88 $13,000,000 $147,727 $2,824 6.44%
    $50k-75k 81 $7,125,000 $87,963 $1,824 6.09%
    $50k or less 61 $4,735,000 $77,623 $1,957 6.49%
    $150k-250k 58 $11,290,000 $194,655 $2,601 6.09%
    $250k+ 22 $11,060,000 $502,727 $3,761 5.93%

    Listerhill Credit Union lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $75k-100k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 92 $11,030,000 $119,891 $2,232 6.41%
    30-36% 79 $10,625,000 $134,494 $2,297 6.24%
    <20% 40 $6,120,000 $153,000 $2,057 6.75%
    37% 24 $4,170,000 $173,750 $2,510 6.30%
    43% 20 $3,140,000 $157,000 $1,537 6.35%
    38% 20 $4,080,000 $204,000 $2,936 5.97%
    39% 19 $4,385,000 $230,789 $4,135 6.02%
    40% 17 $3,035,000 $178,529 $1,965 5.58%
    42% 16 $3,040,000 $190,000 $2,839 6.47%
    41% 15 $2,925,000 $195,000 $5,210 5.41%
    36% 14 $1,100,000 $78,571 $2,401 5.02%
    44% 13 $2,065,000 $158,846 $1,771 5.34%
    45% 12 $1,310,000 $109,167 $2,365 5.98%
    >60% 9 $1,305,000 $145,000 $1,677 7.91%
    47% 8 $1,610,000 $201,250 $3,145 6.04%
    46% 8 $1,080,000 $135,000 $3,005 5.47%
    50-60% 7 $925,000 $132,143 $2,269 6.61%
    49% 5 $1,075,000 $215,000 $4,053 5.00%
    48% 3 $695,000 $231,667 $1,664 7.00%

    Listerhill Credit Union lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 307 $44,125,000 $143,730 $2,493 6.27%
    Not provided 91 $15,315,000 $168,297 $2,036 5.88%
    Not applicable 24 $6,870,000 $286,250 $0 7.70%
    Black 20 $3,870,000 $193,500 $2,317 6.85%
    Asian 2 $240,000 $120,000 $0 4.00%
    American Indian 2 $230,000 $115,000 $2,278 7.50%

    Approval Rates

    Total approvals of all applications
    94.97%

    Listerhill Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.32%

    Listerhill Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 446 $70,650,000 $158,408

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    446 $70,650,000 $158,408

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $9,145,000 $80,929 $1,524 5.76%
    40-60% 44 $6,100,000 $138,636 $2,526 6.61%
    60-80% 87 $21,705,000 $249,483 $2,800 6.57%
    80-100% 96 $26,910,000 $280,313 $3,093 6.79%
    Under 20% 103 $5,795,000 $56,262 $1,218 5.97%