Marshland Credit Union Mortgage Rates, Fees & Info
Brunswick, GALEI: 254900G9IPJDT4OZYN57
Tax ID: 58-0872500
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Mortgage Data
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
31Origination Dollar Volume (All Markets)
$2,135,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BRUNSWICK, GA (FHA|USDA|VA) | 31 | $2,135,000 | $68,871 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $2,135,000 | $68,871 | $0 | 0.00% |
For 2019, 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 |
|---|---|---|---|---|---|
| Cash Out Refi | 16 | $1,200,000 | $75,000 | $0 | 0.00% |
| Home Purchase | 10 | $730,000 | $73,000 | $0 | 0.00% |
| Refi | 5 | $205,000 | $41,000 | $0 | 0.00% |
For 2019, Marshland Credit Union's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $2,135,000 | $68,871 | $0 | 0.00% |
For 2019, 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 | $1,285,000 | $51,400 | $0 | 0.00% |
| $100k-200k | 6 | $850,000 | $141,667 | $0 | 0.00% |
2019 saw Marshland Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,285,000 in origination value.
Applicant Income
Marshland Credit Union lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $2,135,000 | $68,871 | $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 | 24 | $1,750,000 | $72,917 | $0 | 0.00% |
| Black | 7 | $385,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.39%
Marshland Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.65%
Marshland Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $2,135,000 | $68,871 |