Marriott Employees' Federal Credit Union Mortgage Rates, Fees & Info
Rockville, MDLEI: 254900DYDZ158KQYBD95
Tax ID: 52-1762452
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Marriott Employees' Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Marriott Employees' Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Orlando, Phoenix, Chicago, and Carson City among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Marriott Employees' Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Marriott Employees' Federal 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.
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Originations
47Origination Dollar Volume (All Markets)
$5,955,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $1,360,000 | $113,333 | $3,583 | 4.83% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $5,384 | 4.35% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $5,385 | 3.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,658 | 4.13% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,347 | 2.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,994 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,358 | 4.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 5.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,218 | 2.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,494 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,240 | 3.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,541 | 4.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.85% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,804 | 4.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.35% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,539 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $4,315,000 | $148,793 | $4,100 | 3.85% |
| HELOC | 17 | $1,235,000 | $72,647 | n/a | 5.42% |
| FHA | 1 | $405,000 | $405,000 | $8,453 | 3.50% |
For 2019, Marriott Employees' Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations. Their 2nd most popular type was HELOC, with 17 originations.
Loan Reason
For 2019, Marriott Employees' Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 22 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
For 2019, Marriott Employees' Federal Credit Union's most frequently cited loan duration was Other, with 25 originations. The 2nd most popular length was 30 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 8 | $1,340,000 | $167,500 |
| $2k-3k | 5 | $1,355,000 | $271,000 |
| $3k-4k | 4 | $1,390,000 | $347,500 |
Marriott Employees' Federal Credit Union's average total fees were $5,378, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8 originations.
Interest Rates
During 2019, Marriott Employees' Federal Credit Union's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.
Loan Sizing
2019 saw Marriott Employees' Federal Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,055,000 in origination value.
Applicant Income
Marriott Employees' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Marriott Employees' Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications63.55%
Marriott Employees' Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination55.32%
Marriott Employees' Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 47 | $5,955,000 | $126,702 |