Kellogg Community Credit Union Mortgage Rates, Fees & Info

Battle Creek, MI

LEI: 254900CDUILFTCPB7H89

Tax ID: 38-6060726

5 stars - Updated: 4/5/25 - out of 5 stars, based on 21 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Kellogg Community Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Kellogg Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Battle Creek, Kalamazoo, Sturgis, Grand Rapids, and Detroit among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kellogg Community 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. Kellogg Community 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 6.64% 4/5/25
    30 Year Conventional Refi 5.14% 4/5/25
    30 Year Cash-out Refi 5.61% 4/5/25
    15 Year Conventional Purchase 7.17% 4/5/25
    15 Year Conventional Refi 9.32% 4/5/25
    15 Year Cash-out Refi 9.32% 4/5/25
    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.

    Kellogg Community Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Kellogg Community 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

    440

    Origination Dollar Volume (All Markets)

    $49,950,000

    Awards

    Kellogg Community Credit Union 30 Year Conventional Loans silver Kellogg Community Credit Union 30 Year Conventional Loans gold Kellogg Community Credit Union 30 Year Conventional Loans gold Kellogg Community Credit Union 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    Kellogg Community Credit Union's average 30 year fixed mortgage rate was 6.81%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.26%.

    Relative Fees (Closing Costs)

    Kellogg Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,730.

    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 $8,356.

    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
    BATTLE CREEK, MI (FHA|USDA|VA) 244 $22,380,000 $91,721 $1,059 7.94%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 80 $12,230,000 $152,875 $1,371 7.60%
    Outside of Metro Areas 30 $4,760,000 $158,667 $1,082 7.86%
    Sturgis, MI (FHA|USDA|VA) 36 $3,530,000 $98,056 $1,210 8.27%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 22 $2,630,000 $119,545 $933 7.82%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,135,000 $378,333 $933 8.42%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 10 $1,090,000 $109,000 $981 7.61%
    Coldwater, MI (FHA|USDA|VA) 7 $705,000 $100,714 $1,432 8.04%
    Traverse City, MI (FHA|USDA|VA) 1 $665,000 $665,000 $0 6.80%
    NILES, MI (FHA|USDA|VA) 2 $330,000 $165,000 $3,015 6.69%
    Holland, MI (FHA|USDA|VA) 2 $220,000 $110,000 $1,376 7.31%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,449 7.25%
    Hillsdale, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,864 6.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.25%
    Kellogg Community Credit Union's top markets include Battle Creek, Kalamazoo, Sturgis, Grand Rapids, and Detroit among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Kellogg Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 64
    MARSHALL COMMUNITY CREDIT UNION
    Similarity Rank: 78
    PFCU
    Similarity Rank: 120
    AAC Credit Union
    Similarity Rank: 138
    KALSEE CREDIT UNION
    Similarity Rank: 189
    FIRST CHOICE MH LLC
    Similarity Rank: 189
    ChoiceOne Bank
    Similarity Rank: 322
    Adventure Credit Union
    Similarity Rank: 480
    OMNI Community Credit Union
    Similarity Rank: 528
    Honor Credit Union
    Similarity Rank: 624

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 440 $49,950,000 $113,523 $1,135 7.87%

    For 2024, Kellogg Community Credit Union's most frequently originated type of loan was Conventional, with 440 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 155 $6,805,000 $43,903 $168 8.43%
    Home Purchase 130 $25,570,000 $196,692 $2,652 6.85%
    Refi 121 $10,275,000 $84,917 $479 8.46%
    Cash Out Refi 28 $6,040,000 $215,714 $2,660 7.32%
    Other 6 $1,260,000 $210,000 $2,402 6.38%

    For 2024, Kellogg Community Credit Union's most frequently cited loan purpose was Home Improvement, with 155 originations. The 2nd most popular reason was Home Purchase, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 140 $26,080,000 $186,286 $2,730 6.81%
    15 Year 124 $10,120,000 $81,613 $425 9.33%
    10 Year 70 $2,860,000 $40,857 $115 8.49%
    Other 59 $3,635,000 $61,610 $93 6.54%
    5 Year 37 $4,215,000 $113,919 $90 8.13%
    20 Year 8 $1,690,000 $211,250 $2,760 7.06%
    1 Year 1 $125,000 $125,000 $0 9.50%
    30+ year 1 $1,225,000 $1,225,000 $7,933 6.88%

    For 2024, Kellogg Community Credit Union's most frequently cited loan duration was 30 Year, with 140 originations. The 2nd most popular length was 15 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 151 $28,735,000 $190,298
    $1k-2k 5 $955,000 $191,000
    $3k-4k 1 $255,000 $255,000

    Kellogg Community Credit Union's average total fees were $2,730, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 151 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 162 $16,650,000 $102,778
    6-7% 119 $21,465,000 $180,378
    Over 8% 105 $6,335,000 $60,333
    5-6% 54 $5,500,000 $101,852

    During 2024, Kellogg Community Credit Union's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 7-8%, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 280 $13,440,000 $48,000 $425 8.37%
    $100k-200k 89 $12,535,000 $140,843 $2,040 7.14%
    $200k-400k 58 $15,250,000 $262,931 $2,915 6.83%
    $400k-600k 8 $3,880,000 $485,000 $3,332 6.45%
    $1MM+ 3 $3,575,000 $1,191,667 $5,367 7.54%
    $600k-1MM 2 $1,270,000 $635,000 $0 7.13%

    2024 saw Kellogg Community Credit Union place emphasis on $100,000 or less loans with 280 originations, totaling $13,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 102 $8,890,000 $87,157 $1,117 7.89%
    $50k or less 93 $5,595,000 $60,161 $949 8.40%
    $100k-150k 92 $11,510,000 $125,109 $984 7.94%
    $75k-100k 81 $8,925,000 $110,185 $1,275 7.49%
    $150k-250k 51 $7,985,000 $156,569 $1,001 7.70%
    $250k+ 21 $7,045,000 $335,476 $2,710 7.05%

    Kellogg Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 102 originations. The second most popular income band? $50k or less, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 124 $12,910,000 $104,113 $930 7.68%
    30-36% 74 $7,090,000 $95,811 $1,101 7.50%
    <20% 61 $4,095,000 $67,131 $781 8.16%
    50-60% 16 $1,330,000 $83,125 $1,124 8.85%
    43% 15 $1,675,000 $111,667 $1,096 8.39%
    41% 14 $1,170,000 $83,571 $982 9.07%
    44% 13 $1,765,000 $135,769 $1,912 7.49%
    42% 12 $1,860,000 $155,000 $1,996 7.14%
    36% 12 $870,000 $72,500 $488 9.27%
    37% 12 $1,290,000 $107,500 $1,524 7.94%
    >60% 10 $1,260,000 $126,000 $1,502 7.87%
    40% 9 $2,325,000 $258,333 $2,413 7.82%
    38% 9 $1,115,000 $123,889 $1,587 7.92%
    47% 7 $1,585,000 $226,429 $2,089 8.05%
    49% 7 $1,035,000 $147,857 $2,191 7.38%
    46% 5 $615,000 $123,000 $1,523 6.92%
    45% 5 $765,000 $153,000 $1,739 7.15%
    48% 4 $700,000 $175,000 $2,186 6.78%
    39% 4 $410,000 $102,500 $725 8.69%

    Kellogg Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $41,460,000 $109,105 $1,032 7.90%
    Not provided 30 $4,770,000 $159,000 $2,203 7.24%
    Black 25 $2,775,000 $111,000 $1,335 8.57%
    Asian 3 $695,000 $231,667 $1,135 6.16%
    Korean 2 $250,000 $125,000 $1,386 6.56%

    Approval Rates

    Total approvals of all applications
    99.59%

    Kellogg Community 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
    90.45%

    Kellogg Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 440 $49,950,000 $113,523

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    440 $49,950,000 $113,523

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $7,045,000 $59,202 $327 8.51%
    40-60% 44 $5,310,000 $120,682 $1,313 7.62%
    60-80% 82 $18,060,000 $220,244 $2,225 7.33%
    80-100% 92 $16,080,000 $174,783 $2,403 7.28%
    Over 100% 1 $435,000 $435,000 $0 7.50%
    Under 20% 102 $3,020,000 $29,608 $60 8.22%