Kellogg Community Credit Union Mortgage Rates, Fees & Info

Battle Creek, MI

LEI: 254900CDUILFTCPB7H89

Tax ID: 38-6060726

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

    Kellogg Community Credit Union is a smaller credit union specializing in Home Purchase loans. Kellogg Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Battle Creek, Kalamazoo, Sturgis, Grand Rapids, and Coldwater 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 a below 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 4/21/24
    30 Year Conventional Refi 6.58% 4/21/24
    30 Year Cash-out Refi 6.60% 4/21/24
    15 Year Conventional Purchase 6.13% 4/21/24
    15 Year Conventional Refi 8.51% 4/21/24
    15 Year Cash-out Refi 8.51% 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.

    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

    498

    Origination Dollar Volume (All Markets)

    $51,070,000

    Awards

    Kellogg Community Credit Union 30 Year Conventional Loans gold Kellogg Community Credit Union 30 Year Conventional Loans silver Kellogg Community Credit Union 30 Year Conventional Loans silver
    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
    BATTLE CREEK, MI (FHA|USDA|VA) 319 $28,765,000 $90,172 $1,900 5.17%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 83 $12,505,000 $150,663 $2,249 4.84%
    Outside of Metro Areas 39 $4,345,000 $111,410 $1,646 5.20%
    Sturgis, MI (FHA|USDA|VA) 21 $1,555,000 $74,048 $1,615 5.30%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 10 $960,000 $96,000 $1,790 5.72%
    Coldwater, MI (FHA|USDA|VA) 8 $820,000 $102,500 $2,307 5.88%
    Traverse City, MI (FHA|USDA|VA) 3 $745,000 $248,333 $2,566 5.17%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 6 $640,000 $106,667 $2,312 4.83%
    Holland, MI (FHA|USDA|VA) 3 $265,000 $88,333 $1,092 5.13%
    NILES, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,918 4.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $160,000 $80,000 $2,725 4.56%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,092 5.75%
    Houghton, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.85%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.85%
    Kellogg Community Credit Union's top markets include Battle Creek, Kalamazoo, Sturgis, Grand Rapids, and Coldwater 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.

    OMNI Community Credit Union
    Similarity Rank: 105
    BlueOx Credit Union
    Similarity Rank: 192
    Macatawa Bank
    Similarity Rank: 195
    Isabella Bank
    Similarity Rank: 209
    Community West Credit Union
    Similarity Rank: 276
    West Michigan Community Bank
    Similarity Rank: 328
    COMMUNITY FIRST
    Similarity Rank: 350
    PREFERRED CREDIT UNION
    Similarity Rank: 375
    PFCU
    Similarity Rank: 520
    AAC Credit Union
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 496 $50,930,000 $102,681 $1,938 5.13%
    FHA 1 $45,000 $45,000 $4,414 4.25%
    USDA 1 $95,000 $95,000 $3,365 5.25%

    For 2018, Kellogg Community Credit Union's most frequently originated type of loan was Conventional, with 496 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 218 $33,700,000 $154,587 $2,212 4.99%
    Refi 120 $8,320,000 $69,333 $1,478 5.18%
    Home Improvement 111 $3,865,000 $34,820 $521 5.40%
    Cash Out Refi 39 $4,005,000 $102,692 $1,865 5.02%
    Other 10 $1,180,000 $118,000 $2,076 5.05%

    For 2018, Kellogg Community Credit Union's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 156 $24,290,000 $155,705 $2,139 4.90%
    15 Year 130 $10,400,000 $80,000 $1,514 5.19%
    10 Year 80 $3,530,000 $44,125 $1,068 5.37%
    5 Year 71 $3,795,000 $53,451 $1,509 4.94%
    20 Year 35 $5,295,000 $151,286 $2,212 5.15%
    Other 18 $1,720,000 $95,556 $2,361 6.14%
    30+ year 7 $2,015,000 $287,857 $3,967 4.95%
    1 Year 1 $25,000 $25,000 $0 11.25%

    For 2018, Kellogg Community Credit Union's most frequently cited loan duration was 30 Year, with 156 originations. The 2nd most popular length was 15 Year, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 206 $32,700,000 $158,738
    $1k-2k 57 $7,115,000 $124,825
    $3k-4k 2 $530,000 $265,000

    Kellogg Community Credit Union's average total fees were $2,139, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 206 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 219 $27,675,000 $126,370
    5-6% 120 $13,570,000 $113,083
    3-4% 95 $5,815,000 $61,211
    6-7% 27 $2,495,000 $92,407
    Over 8% 22 $640,000 $29,091
    7-8% 15 $875,000 $58,333

    During 2018, Kellogg Community Credit Union's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 304 $14,030,000 $46,151 $1,555 5.24%
    $100k-200k 122 $16,670,000 $136,639 $2,022 5.00%
    $200k-400k 66 $17,300,000 $262,121 $2,488 4.85%
    $400k-600k 5 $2,465,000 $493,000 $3,049 4.83%
    $600k-1MM 1 $605,000 $605,000 $3,245 5.88%

    2018 saw Kellogg Community Credit Union place emphasis on $100,000 or less loans with 304 originations, totaling $14,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 158 $9,820,000 $62,152 $1,807 5.37%
    $50k-75k 125 $11,025,000 $88,200 $1,886 5.13%
    $100k-150k 84 $12,530,000 $149,167 $2,042 4.73%
    $75k-100k 73 $7,585,000 $103,904 $1,973 5.38%
    $150k-250k 48 $6,890,000 $143,542 $2,214 4.79%
    $250k+ 9 $3,155,000 $350,556 $2,536 4.50%

    Kellogg Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 158 originations. The second most popular income band? $50k-75k, with 125 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 135 $13,975,000 $103,519 $2,046 5.29%
    <20% 85 $6,245,000 $73,471 $1,449 4.91%
    30-36% 81 $8,825,000 $108,951 $2,059 4.85%
    >60% 55 $4,245,000 $77,182 $1,462 5.21%
    42% 16 $2,110,000 $131,875 $2,031 4.75%
    50-60% 14 $1,060,000 $75,714 $1,733 5.94%
    41% 14 $1,730,000 $123,571 $1,775 5.10%
    39% 13 $1,425,000 $109,615 $2,149 5.22%
    37% 10 $900,000 $90,000 $1,854 5.24%
    40% 10 $1,020,000 $102,000 $2,548 4.97%
    44% 9 $1,035,000 $115,000 $1,671 5.00%
    38% 9 $615,000 $68,333 $1,711 6.01%
    43% 9 $1,515,000 $168,333 $2,028 5.49%
    47% 8 $1,100,000 $137,500 $1,755 4.59%
    36% 8 $1,100,000 $137,500 $2,716 5.84%
    48% 7 $1,425,000 $203,571 $2,126 5.02%
    46% 6 $960,000 $160,000 $3,085 5.46%
    49% 5 $675,000 $135,000 $2,203 4.93%
    45% 4 $1,110,000 $277,500 $2,414 4.94%

    Kellogg Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? <20%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 455 $45,645,000 $100,319 $1,938 5.08%
    Not provided 16 $2,530,000 $158,125 $2,121 4.90%
    Black 22 $1,920,000 $87,273 $1,845 6.43%
    Asian 3 $675,000 $225,000 $2,707 5.17%
    Other Asian 1 $285,000 $285,000 $2,692 4.63%
    American Indian 1 $15,000 $15,000 $0 3.85%

    Approval Rates

    Total approvals of all applications
    98.57%

    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
    89.96%

    Kellogg Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 498 $51,070,000 $102,550

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $735,000 $66,818
    Single Family (1-4 Units):Site-Built 487 $50,335,000 $103,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $3,175,000 $48,846 $948 5.13%
    40-60% 56 $5,080,000 $90,714 $1,809 5.14%
    60-80% 114 $14,730,000 $129,211 $2,002 5.21%
    80-100% 167 $25,445,000 $152,365 $2,209 5.11%
    Over 100% 1 $105,000 $105,000 $0 4.75%
    Under 20% 95 $2,535,000 $26,684 $337 5.08%