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 Home Purchase and Cash Out Refi loans. Marshland Credit Union has a high proportion of conventional loans. Their top (well, only) market is Brunswick.Marshland 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.
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Originations
26Origination Dollar Volume (All Markets)
$2,370,000Top 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 |
|---|---|---|---|---|---|
| BRUNSWICK, GA (FHA|USDA|VA) | 26 | $2,370,000 | $91,154 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $2,370,000 | $91,154 | $0 | 0.00% |
For 2020, Marshland Credit Union's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 12 | $1,320,000 | $110,000 | $0 | 0.00% |
| Cash Out Refi | 11 | $975,000 | $88,636 | $0 | 0.00% |
| Refi | 3 | $75,000 | $25,000 | $0 | 0.00% |
For 2020, Marshland Credit Union's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $2,370,000 | $91,154 | $0 | 0.00% |
For 2020, Marshland Credit Union's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2020 saw Marshland Credit Union place emphasis on $100,000 or less loans with 22 originations, totaling $1,050,000 in origination value.
Applicant Income
Marshland Credit Union lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $2,370,000 | $91,154 | $0 | 0.00% |
Marshland Credit Union lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications64.20%
Marshland Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination26.92%
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 | 26 | $2,370,000 | $91,154 |