Listerhill Credit Union Mortgage Rates, Fees & Info

Muscle Shoals, AL

LEI: 2549000VVDQ9NNW01Q23

Tax ID: 63-0333902

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Mortgage Data

Review & Overview

Listerhill Credit Union is a smaller credit union specializing in Cash Out Refi, 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 Birmingham among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Listerhill Credit Union has an 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.02% 3/28/24
30 Year Conventional Refi 5.79% 3/28/24
30 Year Cash-out Refi 5.97% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.10% 3/28/24
15 Year Conventional Refi 5.44% 3/28/24
15 Year Cash-out Refi 5.44% 3/28/24
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

363

Origination Dollar Volume (All Markets)

$43,245,000

Awards

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

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) 265 $33,955,000 $128,132 $1,673 4.92%
Outside of Metro Areas 49 $2,855,000 $58,265 $1,521 5.09%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 22 $2,240,000 $101,818 $2,029 4.98%
HUNTSVILLE, AL (FHA|USDA|VA) 7 $1,365,000 $195,000 $1,903 5.32%
DECATUR, AL (FHA|USDA|VA) 6 $670,000 $111,667 $2,813 4.78%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $605,000 $201,667 $3,296 5.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.89%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.99%
Cullman, AL (FHA|USDA|VA) 4 $270,000 $67,500 $1,091 5.38%
Lawrenceburg, TN (FHA|USDA|VA) 3 $245,000 $81,667 $2,363 5.33%
MONTGOMERY, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,860 5.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
Listerhill Credit Union's top markets include Florence, Nashville, Huntsville, Decatur, and Birmingham among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (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.

    US COMMUNITY
    Similarity Rank: 64
    TVA Community Credit Union
    Similarity Rank: 91
    Alabama Central Credit Union
    Similarity Rank: 119
    Listerhill Credit Union
    Similarity Rank: 348
    First Advantage Bank
    Similarity Rank: 650
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 720
    KELLEY MORTGAGE, LLC
    Similarity Rank: 945
    First Farmers and Merchants Bank
    Similarity Rank: 1020
    The Farmers Bank
    Similarity Rank: 1120
    DSLD MORTGAGE, LLC
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 363 $43,245,000 $119,132 $1,742 4.97%

    For 2019, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 363 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 111 $11,515,000 $103,739 $1,757 5.01%
    Refi 108 $19,570,000 $181,204 $1,551 4.66%
    Home Purchase 74 $9,440,000 $127,568 $2,608 4.95%
    Other 68 $2,640,000 $38,824 $893 5.40%
    Home Improvement 2 $80,000 $40,000 $0 5.00%

    For 2019, Listerhill Credit Union's most frequently cited loan purpose was Cash Out Refi, with 111 originations. The 2nd most popular reason was Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 135 $6,215,000 $46,037 $952 5.21%
    30 Year 63 $9,475,000 $150,397 $2,745 5.20%
    20 Year 53 $15,705,000 $296,321 $2,207 4.52%
    15 Year 49 $4,055,000 $82,755 $2,375 4.74%
    Other 30 $1,620,000 $54,000 $809 5.12%
    5 Year 28 $5,790,000 $206,786 $0 4.36%
    3 Year 4 $240,000 $60,000 $819 4.63%
    1 Year 1 $145,000 $145,000 $0 5.00%

    For 2019, Listerhill Credit Union's most frequently cited loan duration was 10 Year, with 135 originations. The 2nd most popular length was 30 Year, with 63 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 162 $9,640,000 $59,506
    $1k-2k 34 $4,340,000 $127,647
    $2k-3k 10 $2,200,000 $220,000
    $3k-4k 5 $1,565,000 $313,000
    $4k-5k 1 $395,000 $395,000

    Listerhill Credit Union's average total fees were $2,745, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 162 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 246 $23,390,000 $95,081
    5-6% 59 $4,395,000 $74,492
    6-7% 28 $2,490,000 $88,929
    3-4% 25 $12,765,000 $510,600
    7-8% 5 $205,000 $41,000

    During 2019, Listerhill Credit Union's average interest rate for loans was 5.20%, while their most frequently originated rate bucket for loans was 4-5%, with 246 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 269 $12,615,000 $46,896 $1,295 5.06%
    $100k-200k 59 $8,285,000 $140,424 $2,512 4.80%
    $200k-400k 25 $6,885,000 $275,400 $3,551 4.71%
    $1MM+ 6 $12,850,000 $2,141,667 $0 4.25%
    $400k-600k 2 $880,000 $440,000 $0 4.20%
    $600k-1MM 2 $1,730,000 $865,000 $0 3.89%

    2019 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 269 originations, totaling $12,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 101 $5,505,000 $54,505 $1,628 5.09%
    $50k-75k 90 $7,370,000 $81,889 $1,818 5.10%
    $75k-100k 53 $4,735,000 $89,340 $1,822 5.19%
    $100k-150k 36 $3,650,000 $101,389 $1,707 5.14%
    $150k-250k 21 $1,715,000 $81,667 $1,883 4.99%
    $250k+ 2 $350,000 $175,000 $1,278 5.00%

    Listerhill Credit Union lent most frequently to those with incomes in the $50k or less range, with 101 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $5,655,000 $68,133 $1,558 5.05%
    30-36% 57 $3,805,000 $66,754 $1,791 5.25%
    <20% 53 $2,905,000 $54,811 $1,424 4.95%
    43% 12 $1,080,000 $90,000 $1,563 4.87%
    41% 11 $985,000 $89,545 $2,228 5.17%
    37% 11 $1,075,000 $97,727 $2,684 5.20%
    42% 10 $1,290,000 $129,000 $2,106 5.57%
    38% 10 $780,000 $78,000 $1,954 5.14%
    39% 10 $460,000 $46,000 $846 5.33%
    36% 9 $565,000 $62,778 $1,528 5.04%
    >60% 7 $1,465,000 $209,286 $3,006 4.78%
    50-60% 6 $660,000 $110,000 $2,301 5.96%
    49% 5 $575,000 $115,000 $3,220 4.78%
    44% 5 $805,000 $161,000 $2,993 4.85%
    40% 4 $340,000 $85,000 $1,729 4.79%
    45% 4 $560,000 $140,000 $1,233 5.25%
    46% 4 $270,000 $67,500 $2,288 5.00%
    48% 2 $130,000 $65,000 $819 5.63%
    47% 1 $25,000 $25,000 $0 5.00%

    Listerhill Credit Union lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $22,030,000 $78,121 $1,747 5.08%
    Not applicable 59 $19,815,000 $335,847 $0 4.25%
    Black 15 $875,000 $58,333 $1,454 5.42%
    Vietnamese 1 $205,000 $205,000 $4,131 4.75%
    Not provided 4 $170,000 $42,500 $1,320 5.50%
    Asian 1 $105,000 $105,000 $2,485 5.75%
    American Indian 1 $45,000 $45,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    83.30%

    Listerhill Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.67%

    Listerhill Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 44 $1,520,000 $34,545
    15.0 6 $250,000 $41,667
    705.18 1 $25,000 $25,000
    NA 312 $41,450,000 $132,853

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $5,025,000 $1,005,000
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 357 $38,205,000 $107,017

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $3,365,000 $44,867 $1,119 5.17%
    40-60% 66 $6,080,000 $92,121 $1,581 4.95%
    60-80% 82 $17,900,000 $218,293 $1,943 4.66%
    80-100% 76 $12,590,000 $165,658 $2,668 4.92%
    Over 100% 2 $1,510,000 $755,000 $0 4.17%
    Under 20% 62 $1,800,000 $29,032 $872 5.23%