Kellogg Community Credit Union Mortgage Rates, Fees & Info
Battle Creek, MILEI: 254900CDUILFTCPB7H89
Tax ID: 38-6060726
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Mortgage Data
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 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 16 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.
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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
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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
584Origination Dollar Volume (All Markets)
$63,350,000Awards
Kellogg Community Credit Union - 2019
Kellogg Community Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 364 | $37,080,000 | $101,868 | $2,203 | 5.17% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 98 | $12,940,000 | $132,041 | $2,449 | 4.78% |
| Outside of Metro Areas | 39 | $4,035,000 | $103,462 | $2,064 | 4.79% |
| Sturgis, MI (FHA|USDA|VA) | 32 | $2,770,000 | $86,563 | $2,013 | 4.94% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $2,173 | 5.26% |
| Coldwater, MI (FHA|USDA|VA) | 14 | $1,430,000 | $102,143 | $2,062 | 4.69% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $2,188 | 4.38% |
| Holland, MI (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $2,218 | 5.47% |
| Traverse City, MI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,049 | 4.46% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,187 | 4.69% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,536 | 4.13% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $2,306 | 5.78% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,015 | 4.25% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,075 | 5.63% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.25% |
| MONROE, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,375 | 3.25% |
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.
Similarity Rank: 162
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 583 | $63,235,000 | $108,465 | $2,219 | 5.04% |
| USDA | 1 | $115,000 | $115,000 | $3,257 | 4.00% |
For 2019, Kellogg Community Credit Union's most frequently originated type of loan was Conventional, with 583 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Kellogg Community Credit Union's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Refi, with 115 originations.
Loan Duration/Length
For 2019, Kellogg Community Credit Union's most frequently cited loan duration was 30 Year, with 219 originations. The 2nd most popular length was 15 Year, with 150 originations.
Origination Fees/Closing Costs
Kellogg Community Credit Union's average total fees were $2,256, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 257 originations.
Interest Rates
During 2019, Kellogg Community Credit Union's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 226 originations.
Loan Sizing
2019 saw Kellogg Community Credit Union place emphasis on $100,000 or less loans with 311 originations, totaling $15,755,000 in origination value.
Applicant Income
Kellogg Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 182 originations. The second most popular income band? $50k-75k, with 163 originations.
Applicant Debt to Income Ratio
Kellogg Community Credit Union lent most frequently to those with DTI ratios of <20%, with 208 originations. The next most common DTI ratio? 20-30%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.87%
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 origination89.90%
Kellogg Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 584 | $63,350,000 | $108,476 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $1,350,000 | $84,375 |
| Single Family (1-4 Units):Site-Built | 568 | $62,000,000 | $109,155 |