Marshland Credit Union Mortgage Rates, Fees & Info

Brunswick, GA

LEI: 254900G9IPJDT4OZYN57

Tax ID: 58-0872500

5 stars - Updated: 11/17/24 - out of 5 stars, based on 6 reviews

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

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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Marshland Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Marshland Credit Union has a high proportion of conventional loans. Their top (well, only) market is Brunswick.

    Marshland Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Marshland 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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    Originations

    31

    Origination Dollar Volume (All Markets)

    $3,575,000

    Relative Rate

    Marshland Credit Union's average 30 year fixed mortgage rate was 5.06%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -1.42%.

    Relative Fees (Closing Costs)

    Marshland Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $1,940.

    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 $9,089.

    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
    BRUNSWICK, GA (FHA|USDA|VA) 31 $3,575,000 $115,323 $2,887 7.46%
    Marshland Credit Union's top markets include and Brunswick among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $3,575,000 $115,323 $2,887 7.46%

    For 2023, Marshland Credit Union's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 11 $595,000 $54,091 $3,082 8.50%
    Refi 8 $1,480,000 $185,000 $2,231 6.73%
    Home Purchase 6 $870,000 $145,000 $3,445 6.11%
    Cash Out Refi 6 $630,000 $105,000 $3,039 7.87%

    For 2023, Marshland Credit Union's most frequently cited loan purpose was Other, with 11 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 15 $1,015,000 $67,667 $3,196 8.37%
    30 Year 7 $2,165,000 $309,286 $1,940 5.06%
    10 Year 5 $215,000 $43,000 $2,750 8.25%
    Other 3 $155,000 $51,667 $2,754 7.00%
    5 Year 1 $25,000 $25,000 $2,852 8.00%

    For 2023, Marshland Credit Union's most frequently cited loan duration was 15 Year, with 15 originations. The 2nd most popular length was 30 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 19 $945,000 $49,737
    $1k-2k 3 $345,000 $115,000
    $3k-4k 1 $345,000 $345,000

    Marshland Credit Union's average total fees were $1,940, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 17 $855,000 $50,294
    7-8% 6 $480,000 $80,000
    4-5% 3 $555,000 $185,000
    3-4% 2 $1,000,000 $500,000
    5-6% 2 $340,000 $170,000
    6-7% 1 $345,000 $345,000

    During 2023, Marshland Credit Union's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was Over 8%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,160,000 $52,727 $2,958 8.20%
    $100k-200k 4 $480,000 $120,000 $2,739 6.30%
    $200k-400k 4 $1,180,000 $295,000 $2,561 5.40%
    $600k-1MM 1 $755,000 $755,000 $0 3.88%

    2023 saw Marshland Credit Union place emphasis on $100,000 or less loans with 22 originations, totaling $1,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,050,000 $105,000 $3,302 8.10%
    $50k-75k 6 $500,000 $83,333 $2,559 7.95%
    $75k-100k 6 $520,000 $86,667 $2,202 7.11%
    $50k or less 5 $325,000 $65,000 $1,986 6.55%
    $150k-250k 3 $835,000 $278,333 $2,991 6.71%
    $250k+ 1 $345,000 $345,000 $7,033 7.00%

    Marshland Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $825,000 $91,667 $2,450 7.05%
    38% 6 $550,000 $91,667 $2,648 7.78%
    36% 3 $445,000 $148,333 $2,464 7.23%
    <20% 3 $505,000 $168,333 $4,985 7.07%
    30-36% 3 $125,000 $41,667 $2,882 7.92%
    41% 2 $80,000 $40,000 $2,754 8.25%
    37% 1 $95,000 $95,000 $3,638 9.00%
    42% 1 $115,000 $115,000 $3,885 7.75%
    43% 1 $35,000 $35,000 $2,836 8.50%
    44% 1 $45,000 $45,000 $3,042 8.75%
    45% 1 $755,000 $755,000 $0 3.88%

    Marshland Credit Union lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 38%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $3,045,000 $112,778 $2,865 7.43%
    Black 4 $530,000 $132,500 $3,051 7.68%

    Approval Rates

    Total approvals of all applications
    77.78%

    Marshland Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.55%

    Marshland Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 31 $3,575,000 $115,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    31 $3,575,000 $115,323

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $585,000 $83,571 $3,358 8.21%
    40-60% 1 $755,000 $755,000 $0 3.88%
    60-80% 7 $1,005,000 $143,571 $2,660 6.02%
    80-100% 2 $610,000 $305,000 $500 4.45%
    Under 20% 14 $620,000 $44,286 $2,886 8.48%