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 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

26

Origination Dollar Volume (All Markets)

$2,370,000

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) 26 $2,370,000 $91,154 $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 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,050,000 $47,727 $0 0.00%
    $100k-200k 2 $260,000 $130,000 $0 0.00%
    $200k-400k 1 $255,000 $255,000 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $415,000 $37,727 $0 0.00%
    $50k-75k 7 $605,000 $86,429 $0 0.00%
    $75k-100k 4 $180,000 $45,000 $0 0.00%
    $100k-150k 3 $365,000 $121,667 $0 0.00%
    $250k+ 1 $805,000 $805,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $1,850,000 $92,500 $0 0.00%
    Black 5 $435,000 $87,000 $0 0.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    64.20%

    Marshland Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    26.92%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $375,000 $41,667
    Single Family (1-4 Units):Site-Built 17 $1,995,000 $117,353