Marshland Credit Union Mortgage Rates, Fees & Info

Brunswick, GA

LEI: 254900G9IPJDT4OZYN57

Tax ID: 58-0872500

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Mortgage Data

Review & Overview

Marshland Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Refi 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.

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Originations

31

Origination Dollar Volume (All Markets)

$2,625,000

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 $2,625,000 $84,677 $0 0.00%
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 $2,625,000 $84,677 $0 0.00%

    For 2024, 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 13 $815,000 $62,692 $0 0.00%
    Cash Out Refi 13 $1,065,000 $81,923 $0 0.00%
    Refi 4 $700,000 $175,000 $0 0.00%
    Home Purchase 1 $45,000 $45,000 $0 0.00%

    For 2024, Marshland Credit Union's most frequently cited loan purpose was Other, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $2,625,000 $84,677 $0 0.00%

    For 2024, Marshland Credit Union's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,395,000 $55,800 $0 0.00%
    $100k-200k 4 $530,000 $132,500 $0 0.00%
    $200k-400k 2 $700,000 $350,000 $0 0.00%

    2024 saw Marshland Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $480,000 $48,000 $0 0.00%
    $50k or less 7 $455,000 $65,000 $0 0.00%
    $100k-150k 5 $735,000 $147,000 $0 0.00%
    $75k-100k 4 $260,000 $65,000 $0 0.00%
    $150k-250k 3 $465,000 $155,000 $0 0.00%
    $250k+ 2 $230,000 $115,000 $0 0.00%

    Marshland Credit Union lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $2,625,000 $84,677 $0 0.00%

    Marshland Credit Union lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $2,300,000 $88,462 $0 0.00%
    Black 5 $325,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.40%

    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
    Exempt 31 $2,625,000 $84,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    31 $2,625,000 $84,677