Marshland Credit Union Mortgage Rates, Fees & Info

Brunswick, GA

LEI: 254900G9IPJDT4OZYN57

Tax ID: 58-0872500

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

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Mortgage Data

  • Originations
  • 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 Cash Out 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 a below average pick rate when compared to similar lenders.

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    Originations

    41

    Origination Dollar Volume (All Markets)

    $4,215,000

    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) 41 $4,215,000 $102,805 $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 41 $4,215,000 $102,805 $0 0.00%

    For 2018, Marshland Credit Union's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 23 $1,875,000 $81,522 $0 0.00%
    Home Purchase 16 $2,150,000 $134,375 $0 0.00%
    Refi 2 $190,000 $95,000 $0 0.00%

    For 2018, Marshland Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 41 $4,215,000 $102,805 $0 0.00%

    For 2018, Marshland Credit Union's most frequently cited loan duration was Other, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,145,000 $45,800 $0 0.00%
    $100k-200k 12 $1,460,000 $121,667 $0 0.00%
    $200k-400k 2 $680,000 $340,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%

    2018 saw Marshland Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $985,000 $89,545 $0 0.00%
    $50k or less 11 $535,000 $48,636 $0 0.00%
    $75k-100k 8 $690,000 $86,250 $0 0.00%
    $100k-150k 6 $440,000 $73,333 $0 0.00%
    $150k-250k 3 $635,000 $211,667 $0 0.00%
    $250k+ 2 $930,000 $465,000 $0 0.00%

    Marshland Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 41 $4,215,000 $102,805 $0 0.00%

    Marshland Credit Union lent most frequently to those with DTI ratios of Exempt%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $3,950,000 $116,176 $0 0.00%
    Black 7 $265,000 $37,857 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.01%

    Marshland Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    39.02%

    Marshland 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
    Exempt 41 $4,215,000 $102,805

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $220,000 $36,667
    Single Family (1-4 Units):Site-Built 35 $3,995,000 $114,143