Listerhill Credit Union Mortgage Rates, Fees & Info

Muscle Shoals, AL

LEI: 2549000VVDQ9NNW01Q23

Tax ID: 63-0333902

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Home Purchase, and Refi loans. Listerhill Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Nashville, Huntsville, Cullman, and Lawrenceburg among others. We have data for 20 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.

    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% 11/21/24
    30 Year Conventional Refi 5.79% 11/21/24
    30 Year Cash-out Refi 5.97% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 5.10% 11/21/24
    15 Year Conventional Refi 5.44% 11/21/24
    15 Year Cash-out Refi 5.44% 11/21/24
    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






    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

    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

    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) 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.

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

    Florence Federal Credit Union
    Similarity Rank: 43
    TVA Community Credit Union
    Similarity Rank: 171
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    US COMMUNITY
    Similarity Rank: 686
    Bryant Bank
    Similarity Rank: 825
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 952
    Southeast Financial Credit Union
    Similarity Rank: 990
    Consumer First Mortgage, Inc.
    Similarity Rank: 1302
    DSLD MORTGAGE, LLC
    Similarity Rank: 1872

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 756 $128,200,000 $169,577 $2,596 3.30%
    HELOC 34 $1,730,000 $50,882 n/a 4.00%

    For 2021, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 756 originations. Their 2nd most popular type was HELOC, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Listerhill Credit Union's most frequently cited loan purpose was Cash Out Refi, with 378 originations. The 2nd most popular reason was 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 2021, Listerhill Credit Union's most frequently cited loan duration was 30 Year, with 337 originations. The 2nd most popular length was 15 Year, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 16 $6,390,000 $399,375
    $5k+ 7 $7,325,000 $1,046,429
    $4k-5k 1 $475,000 $475,000

    Listerhill Credit Union's average total fees were $3,022, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.42%, while their most frequently originated rate bucket for loans was 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
    96.70%

    Listerhill Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.78%

    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%