Marshland Credit Union Mortgage Rates, Fees & Info
Brunswick, GALEI: 254900G9IPJDT4OZYN57
Tax ID: 58-0872500
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Marshland Credit Union is a smaller credit union specializing in Home Purchase 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. Marshland Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
13Origination Dollar Volume (All Markets)
$2,385,000Top 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) | 13 | $2,385,000 | $183,462 | $3,761 | 6.08% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $2,385,000 | $183,462 | $3,761 | 6.08% |
For 2021, Marshland Credit Union's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $2,285,000 | $207,727 | $4,108 | 5.89% |
| Cash Out Refi | 2 | $100,000 | $50,000 | $1,853 | 7.13% |
For 2021, Marshland Credit Union's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
For 2021, Marshland Credit Union's most frequently cited loan duration was 15 Year, with 5 originations. The 2nd most popular length was 30 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 7 | $305,000 | $43,571 |
| $1k-2k | 3 | $475,000 | $158,333 |
| $4k-5k | 2 | $840,000 | $420,000 |
| $5k+ | 1 | $765,000 | $765,000 |
Marshland Credit Union's average total fees were $6,202, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 4 | $1,520,000 | $380,000 |
| 7-8% | 3 | $135,000 | $45,000 |
| 5-6% | 2 | $190,000 | $95,000 |
| Over 8% | 2 | $90,000 | $45,000 |
| 3-4% | 1 | $415,000 | $415,000 |
| 6-7% | 1 | $35,000 | $35,000 |
During 2021, Marshland Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 4-5%, with 4 originations.
Loan Sizing
2021 saw Marshland Credit Union place emphasis on $100,000 or less loans with 7 originations, totaling $305,000 in origination value.
Applicant Income
Marshland Credit Union lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $250k+, with 3 originations.
Applicant Debt to Income Ratio
Marshland Credit Union lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 11 | $2,285,000 | $207,727 | $4,075 | 5.75% |
| Black | 2 | $100,000 | $50,000 | $2,033 | 7.88% |
Approval Rates
Total approvals of all applications64.15%
Marshland Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-46.15%
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 |
|---|---|---|---|
| NA | 13 | $2,385,000 | $183,462 |