Listerhill Credit Union Mortgage Rates, Fees & Info
Muscle Shoals, ALLEI: 2549000VVDQ9NNW01Q23
Tax ID: 63-0333902
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Mortgage Data
Review & Overview
Listerhill Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Listerhill Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Florence, Nashville, Huntsville, Cullman, and Decatur among others. We have data for 16 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.02% | 4/21/24 |
| 30 Year Conventional Refi | 5.79% | 4/21/24 |
| 30 Year Cash-out Refi | 5.97% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.10% | 4/21/24 |
| 15 Year Conventional Refi | 5.44% | 4/21/24 |
| 15 Year Cash-out Refi | 5.44% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
523Origination Dollar Volume (All Markets)
$65,845,000Top 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) | 360 | $47,180,000 | $131,056 | $2,110 | 4.64% |
| Outside of Metro Areas | 67 | $6,325,000 | $94,403 | $2,100 | 4.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 48 | $4,880,000 | $101,667 | $2,494 | 4.60% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 15 | $2,995,000 | $199,667 | $2,346 | 4.59% |
| Cullman, AL (FHA|USDA|VA) | 9 | $1,005,000 | $111,667 | $2,629 | 4.71% |
| DECATUR, AL (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,843 | 4.76% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,639 | 3.83% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,832 | 4.58% |
| Lawrenceburg, TN (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,784 | 4.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.79% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,742 | 5.31% |
| Jasper, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,101 | 4.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.79% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,634 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,319 | 4.50% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.00% |
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.
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Product Mix
For 2018, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 505 originations. Their 2nd most popular type was VA, with 13 originations.
Loan Reason
For 2018, Listerhill Credit Union's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Cash Out Refi, with 146 originations.
Loan Duration/Length
For 2018, Listerhill Credit Union's most frequently cited loan duration was 10 Year, with 178 originations. The 2nd most popular length was 30 Year, with 170 originations.
Origination Fees/Closing Costs
Listerhill Credit Union's average total fees were $3,198, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 210 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 287 | $26,305,000 | $91,655 |
| 3-4% | 153 | $30,945,000 | $202,255 |
| 5-6% | 63 | $7,135,000 | $113,254 |
| 6-7% | 19 | $1,385,000 | $72,895 |
During 2018, Listerhill Credit Union's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 287 originations.
Loan Sizing
2018 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 325 originations, totaling $15,465,000 in origination value.
Applicant Income
Listerhill Credit Union lent most frequently to those with incomes in the $50k or less range, with 180 originations. The second most popular income band? $50k-75k, with 119 originations.
Applicant Debt to Income Ratio
Listerhill Credit Union lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.19%
Listerhill Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.81%
Listerhill Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 79 | $2,765,000 | $35,000 |
| 15.0 | 1 | $25,000 | $25,000 |
| 1678.0 | 1 | $125,000 | $125,000 |
| NA | 442 | $62,930,000 | $142,376 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $12,000,000 | $2,000,000 |
| Single Family (1-4 Units):Site-Built | 517 | $53,845,000 | $104,149 |