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, Decatur, and Savannah among others. We have data for 26 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 6.02% 11/22/24
    30 Year Conventional Refi 5.79% 11/22/24
    30 Year Cash-out Refi 5.97% 11/22/24
    30 Year USDA Purchase 6.27% 11/22/24
    15 Year Conventional Purchase 5.10% 11/22/24
    15 Year Conventional Refi 5.44% 11/22/24
    15 Year Cash-out Refi 5.44% 11/22/24
    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

    949

    Origination Dollar Volume (All Markets)

    $202,945,000
    Show all (14) 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) 527 $99,545,000 $188,890 $2,214 4.23%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 102 $27,820,000 $272,745 $3,058 4.20%
    Outside of Metro Areas 147 $23,695,000 $161,190 $2,575 4.07%
    HUNTSVILLE, AL (FHA|USDA|VA) 45 $13,695,000 $304,333 $2,974 4.47%
    DECATUR, AL (FHA|USDA|VA) 40 $9,920,000 $248,000 $2,309 4.48%
    SAVANNAH, GA (FHA|USDA|VA) 2 $8,260,000 $4,130,000 $0 3.50%
    Cullman, AL (FHA|USDA|VA) 32 $5,460,000 $170,625 $2,467 4.18%
    Lawrenceburg, TN (FHA|USDA|VA) 17 $3,275,000 $192,647 $2,726 4.04%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $2,835,000 $567,000 $6,161 3.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,670,000 $417,500 $2,601 5.15%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $975,000 $195,000 $2,031 4.08%
    Albertville, AL (FHA|USDA|VA) 1 $905,000 $905,000 $2,494 4.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $680,000 $340,000 $4,025 3.94%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $650,000 $325,000 $1,684 4.63%
    Sevierville, TN (FHA|USDA|VA) 1 $625,000 $625,000 $0 3.59%
    Jasper, AL (FHA|USDA|VA) 5 $425,000 $85,000 $1,847 4.10%
    JACKSON, TN (FHA|USDA|VA) 1 $405,000 $405,000 $2,676 3.63%
    DOTHAN, AL (FHA|USDA|VA) 1 $375,000 $375,000 $1,962 4.75%
    Lewisburg, TN (FHA|USDA|VA) 2 $350,000 $175,000 $3,295 3.56%
    Scottsboro, AL (FHA|USDA|VA) 2 $320,000 $160,000 $3,201 4.06%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $1,670 4.75%
    Columbus, MS (FHA|USDA|VA) 1 $255,000 $255,000 $2,743 5.99%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.59%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $75,000 $75,000 $1,642 4.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $75,000 $75,000 $1,243 5.25%
    Listerhill Credit Union's top markets include Florence, Nashville, Huntsville, Decatur, and Savannah among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (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: 153
    US COMMUNITY
    Similarity Rank: 295
    Consumer First Mortgage, Inc.
    Similarity Rank: 368
    First Farmers and Merchants Bank
    Similarity Rank: 504
    River Bank & Trust
    Similarity Rank: 686
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 868
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1404
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 1512
    The Farmers Bank
    Similarity Rank: 1545

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 896 $195,780,000 $218,504 $2,434 4.23%
    HELOC 53 $7,165,000 $135,189 n/a 3.99%

    For 2022, Listerhill Credit Union's most frequently originated type of loan was Conventional, with 896 originations. Their 2nd most popular type was HELOC, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 474 $73,020,000 $154,051 $2,493 4.17%
    Home Purchase 321 $78,155,000 $243,474 $2,291 4.46%
    Refi 153 $51,165,000 $334,412 $2,623 3.85%
    Home Improvement 1 $605,000 $605,000 $0 5.49%

    For 2022, Listerhill Credit Union's most frequently cited loan purpose was Cash Out Refi, with 474 originations. The 2nd most popular reason was Home Purchase, with 321 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 442 $114,940,000 $260,045 $2,816 4.32%
    10 Year 160 $28,880,000 $180,500 $1,163 4.40%
    20 Year 135 $14,265,000 $105,667 $2,724 4.09%
    15 Year 93 $15,915,000 $171,129 $2,589 3.57%
    5 Year 71 $15,565,000 $219,225 $0 4.25%
    Other 44 $11,530,000 $262,045 $1,870 4.16%
    1 Year 2 $990,000 $495,000 $0 4.62%
    3 Year 2 $860,000 $430,000 $0 4.70%

    For 2022, Listerhill Credit Union's most frequently cited loan duration was 30 Year, with 442 originations. The 2nd most popular length was 10 Year, with 160 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 559 $91,085,000 $162,943
    $1k-2k 136 $26,290,000 $193,309
    $2k-3k 39 $12,275,000 $314,744
    $3k-4k 10 $6,090,000 $609,000
    $5k+ 9 $10,725,000 $1,191,667
    $4k-5k 6 $5,210,000 $868,333

    Listerhill Credit Union's average total fees were $2,816, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 559 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 382 $90,770,000 $237,618
    4-5% 242 $49,990,000 $206,570
    2.5-3% 147 $32,175,000 $218,878
    5-6% 114 $18,680,000 $163,860
    6-7% 47 $7,615,000 $162,021
    7-8% 16 $3,680,000 $230,000
    Over 8% 1 $35,000 $35,000

    During 2022, Listerhill Credit Union's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 3-4%, with 382 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 323 $18,575,000 $57,508 $1,553 4.31%
    $100k-200k 311 $44,525,000 $143,167 $2,381 4.15%
    $200k-400k 228 $63,470,000 $278,377 $2,719 4.24%
    $400k-600k 44 $20,980,000 $476,818 $3,932 4.28%
    $600k-1MM 24 $17,830,000 $742,917 $4,930 4.13%
    $1MM+ 19 $37,565,000 $1,977,105 $9,711 3.52%

    2022 saw Listerhill Credit Union place emphasis on $100,000 or less loans with 323 originations, totaling $18,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 197 $27,535,000 $139,772 $2,252 4.13%
    $50k or less 189 $18,855,000 $99,762 $2,008 4.16%
    $100k-150k 183 $39,965,000 $218,388 $2,430 4.21%
    $75k-100k 130 $24,430,000 $187,923 $2,397 4.42%
    $150k-250k 92 $25,960,000 $282,174 $2,917 4.32%
    $250k+ 32 $20,270,000 $633,438 $5,174 4.14%

    Listerhill Credit Union lent most frequently to those with incomes in the $50k-75k range, with 197 originations. The second most popular income band? $50k or less, with 189 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 231 $40,845,000 $176,818 $2,381 4.16%
    30-36% 162 $26,850,000 $165,741 $2,223 4.21%
    <20% 119 $20,425,000 $171,639 $2,394 3.85%
    39% 34 $7,080,000 $208,235 $2,577 4.37%
    41% 34 $8,300,000 $244,118 $2,928 3.87%
    40% 32 $5,020,000 $156,875 $2,287 4.23%
    42% 30 $6,210,000 $207,000 $2,574 4.37%
    38% 29 $5,705,000 $196,724 $2,588 4.32%
    37% 28 $4,200,000 $150,000 $2,127 4.66%
    36% 27 $4,015,000 $148,704 $2,033 4.64%
    50-60% 24 $8,530,000 $355,417 $3,029 4.47%
    43% 19 $5,475,000 $288,158 $3,306 4.87%
    44% 19 $4,135,000 $217,632 $2,246 4.50%
    >60% 15 $3,615,000 $241,000 $2,486 3.89%
    45% 13 $4,255,000 $327,308 $3,150 4.31%
    46% 10 $1,690,000 $169,000 $2,721 4.54%
    47% 7 $1,895,000 $270,714 $3,506 4.48%
    48% 6 $780,000 $130,000 $2,915 5.27%
    49% 1 $285,000 $285,000 $3,985 2.99%

    Listerhill Credit Union lent most frequently to those with DTI ratios of 20-30%, with 231 originations. The next most common DTI ratio? 30-36%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 791 $148,275,000 $187,453 $2,399 4.21%
    Not applicable 102 $41,560,000 $407,451 $0 4.26%
    Black 41 $10,665,000 $260,122 $2,990 4.33%
    Not provided 13 $1,855,000 $142,692 $2,685 3.73%
    Asian 2 $590,000 $295,000 $3,000 4.13%

    Approval Rates

    Total approvals of all applications
    95.75%

    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
    93.68%

    Listerhill Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 949 $202,945,000 $213,851

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    949 $202,945,000 $213,851

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $11,870,000 $109,907 $1,638 4.23%
    40-60% 128 $33,150,000 $258,984 $2,218 3.92%
    60-80% 300 $66,520,000 $221,733 $2,672 4.06%
    80-100% 326 $87,910,000 $269,663 $2,830 4.37%
    Under 20% 87 $3,495,000 $40,172 $1,174 4.61%