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

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  • 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. Their top markets by origination volume include: Battle Creek, Kalamazoo, Grand Rapids, Sturgis, 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 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.

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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

    566

    Origination Dollar Volume (All Markets)

    $70,700,000
    Show all (5) 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) 340 $36,870,000 $108,441 $1,474 5.47%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 101 $18,745,000 $185,594 $1,828 4.90%
    Outside of Metro Areas 43 $4,935,000 $114,767 $1,981 5.24%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 24 $3,830,000 $159,583 $1,564 6.29%
    Sturgis, MI (FHA|USDA|VA) 24 $1,620,000 $67,500 $774 5.37%
    Coldwater, MI (FHA|USDA|VA) 12 $1,460,000 $121,667 $1,424 5.53%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,265,000 $140,556 $2,160 5.82%
    Holland, MI (FHA|USDA|VA) 2 $420,000 $210,000 $2,459 4.13%
    Traverse City, MI (FHA|USDA|VA) 2 $410,000 $205,000 $2,661 6.81%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,010 3.00%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $275,000 $91,667 $2,389 5.67%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $205,000 $205,000 $3,017 5.38%
    Cadillac, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,380 3.50%
    Hillsdale, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,687 5.38%
    JACKSON, MI (FHA|USDA|VA) 1 $55,000 $55,000 $409 11.56%
    NILES, MI (FHA|USDA|VA) 1 $25,000 $25,000 $450 10.49%
    Kellogg Community Credit Union's top markets include Battle Creek, Kalamazoo, Grand Rapids, Sturgis, 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.

    MARSHALL COMMUNITY CREDIT UNION
    Similarity Rank: 264
    Macatawa Bank
    Similarity Rank: 286
    RIVER VALLEY CREDIT UNION
    Similarity Rank: 318
    FIRST CHOICE MH LLC
    Similarity Rank: 363
    Kellogg Community Credit Union
    Similarity Rank: 400
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 440
    KALSEE CREDIT UNION
    Similarity Rank: 490
    United Bank of Michigan
    Similarity Rank: 544
    County National Bank
    Similarity Rank: 546
    Adventure Credit Union
    Similarity Rank: 560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 566 $70,700,000 $124,912 $1,575 5.40%

    For 2022, Kellogg Community Credit Union's most frequently originated type of loan was Conventional, with 566 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 189 $39,005,000 $206,376 $2,708 5.21%
    Refi 152 $13,040,000 $85,789 $965 5.64%
    Home Improvement 137 $5,255,000 $38,358 $234 5.97%
    Cash Out Refi 78 $11,420,000 $146,410 $2,257 4.46%
    Other 10 $1,980,000 $198,000 $2,403 4.75%

    For 2022, Kellogg Community Credit Union's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Refi, with 152 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 211 $38,725,000 $183,531 $2,480 5.08%
    15 Year 130 $12,260,000 $94,308 $1,094 6.10%
    10 Year 111 $5,675,000 $51,126 $464 5.54%
    5 Year 61 $3,075,000 $50,410 $592 5.25%
    20 Year 35 $6,675,000 $190,714 $2,544 4.65%
    Other 13 $1,475,000 $113,462 $2,975 5.08%
    30+ year 5 $2,815,000 $563,000 $5,429 5.25%

    For 2022, Kellogg Community Credit Union's most frequently cited loan duration was 30 Year, with 211 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 194 $38,360,000 $197,732
    $1k-2k 125 $18,615,000 $148,920
    $2k-3k 6 $1,170,000 $195,000
    $5k+ 2 $750,000 $375,000

    Kellogg Community Credit Union's average total fees were $2,480, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 194 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 152 $21,550,000 $141,776
    4-5% 134 $15,570,000 $116,194
    3-4% 124 $16,450,000 $132,661
    Over 8% 55 $3,255,000 $59,182
    6-7% 55 $7,475,000 $135,909
    7-8% 20 $2,030,000 $101,500
    2.5-3% 15 $2,455,000 $163,667
    <2.5% 11 $1,915,000 $174,091

    During 2022, Kellogg Community Credit Union's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 309 $15,105,000 $48,883 $764 5.74%
    $100k-200k 155 $22,175,000 $143,065 $2,206 5.04%
    $200k-400k 78 $20,960,000 $268,718 $2,851 5.01%
    $400k-600k 18 $8,060,000 $447,778 $3,465 4.60%
    $600k-1MM 5 $3,155,000 $631,000 $3,998 4.35%
    $1MM+ 1 $1,245,000 $1,245,000 $6,889 4.63%

    2022 saw Kellogg Community Credit Union place emphasis on $100,000 or less loans with 309 originations, totaling $15,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 143 $10,395,000 $72,692 $1,288 5.81%
    $50k-75k 137 $13,415,000 $97,920 $1,499 5.28%
    $100k-150k 99 $13,395,000 $135,303 $1,418 5.25%
    $75k-100k 93 $11,955,000 $128,548 $1,598 5.32%
    $150k-250k 54 $11,770,000 $217,963 $2,282 5.22%
    $250k+ 21 $6,825,000 $325,000 $2,505 5.08%

    Kellogg Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 143 originations. The second most popular income band? $50k-75k, with 137 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 141 $15,625,000 $110,816 $1,361 5.26%
    <20% 103 $7,455,000 $72,379 $981 5.33%
    30-36% 101 $14,405,000 $142,624 $1,755 5.51%
    38% 18 $1,800,000 $100,000 $1,639 5.44%
    41% 16 $2,220,000 $138,750 $1,736 4.96%
    43% 15 $2,795,000 $186,333 $2,010 5.95%
    36% 15 $1,945,000 $129,667 $1,815 5.62%
    >60% 14 $1,270,000 $90,714 $1,772 6.00%
    37% 14 $1,880,000 $134,286 $1,686 5.60%
    40% 14 $2,410,000 $172,143 $2,217 5.21%
    42% 14 $2,110,000 $150,714 $2,157 5.56%
    45% 14 $2,780,000 $198,571 $1,922 5.32%
    44% 13 $2,035,000 $156,538 $2,006 5.20%
    46% 12 $2,140,000 $178,333 $1,851 5.17%
    50-60% 11 $1,675,000 $152,273 $2,104 5.92%
    39% 11 $1,755,000 $159,545 $1,927 5.46%
    49% 11 $2,165,000 $196,818 $2,415 5.90%
    48% 8 $1,030,000 $128,750 $1,522 4.94%
    47% 6 $1,270,000 $211,667 $2,279 4.79%

    Kellogg Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 141 originations. The next most common DTI ratio? <20%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 504 $63,230,000 $125,456 $1,587 5.40%
    Not provided 36 $4,900,000 $136,111 $1,418 5.33%
    Black 20 $2,030,000 $101,500 $1,578 5.70%
    American Indian 2 $250,000 $125,000 $2,281 4.00%
    Other Asian 1 $135,000 $135,000 $2,776 4.88%
    Asian 2 $100,000 $50,000 $0 5.13%
    Not applicable 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    98.89%

    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
    91.52%

    Kellogg Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 566 $70,700,000 $124,912

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    566 $70,700,000 $124,912

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $5,285,000 $59,382 $656 5.47%
    40-60% 82 $9,200,000 $112,195 $1,698 5.29%
    60-80% 152 $26,400,000 $173,684 $2,170 5.38%
    80-100% 130 $25,320,000 $194,769 $2,521 5.35%
    Under 20% 107 $3,715,000 $34,720 $241 5.51%