Greenstone Farm Credit Services Flca Mortgage Rates, Fees & Info

East Lansing, MI

LEI: 549300461TECLDDGNF98

Tax ID: 38-1358859

5 stars - Updated: 4/5/25 - out of 5 stars, based on 32 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Greenstone Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase loans. Greenstone Farm Credit Services Flca has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Grand Rapids, Ann Arbor, Lansing, and Monroe among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

Greenstone Farm Credit Services Flca has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Greenstone Farm Credit Services Flca 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.26% 4/5/25
30 Year Conventional Refi 7.16% 4/5/25
30 Year Cash-out Refi 6.90% 4/5/25
15 Year Conventional Purchase 6.00% 4/5/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Greenstone Farm Credit Services Flca Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Greenstone Farm Credit Services Flca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

997

Origination Dollar Volume (All Markets)

$307,425,000

Relative Rate

Greenstone Farm Credit Services Flca's average 30 year fixed mortgage rate was 7.07%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.52%.

Relative Fees (Closing Costs)

Greenstone Farm Credit Services Flca's average total fees/closing costs for a 30 year fixed rate mortgage were $4,733.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

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
Outside of Metro Areas 270 $68,020,000 $251,926 $5,587 7.20%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 143 $58,725,000 $410,664 $8,240 6.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 78 $23,840,000 $305,641 $6,432 6.81%
ANN ARBOR, MI (FHA|USDA|VA) 36 $22,890,000 $635,833 $12,327 7.17%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 77 $21,215,000 $275,519 $5,942 6.98%
MONROE, MI (FHA|USDA|VA) 34 $11,940,000 $351,176 $11,112 6.71%
JACKSON, MI (FHA|USDA|VA) 28 $10,190,000 $363,929 $7,759 7.12%
Traverse City, MI (FHA|USDA|VA) 29 $9,625,000 $331,897 $6,491 7.02%
Holland, MI (FHA|USDA|VA) 20 $7,010,000 $350,500 $7,599 7.03%
Adrian, MI (FHA|USDA|VA) 17 $5,815,000 $342,059 $6,647 6.91%
FLINT, MI (FHA|USDA|VA) 16 $4,310,000 $269,375 $5,796 6.59%
GREEN BAY, WI (FHA|USDA|VA) 16 $4,290,000 $268,125 $4,472 7.28%
SAGINAW, MI (FHA|USDA|VA) 16 $4,200,000 $262,500 $5,774 7.12%
NILES, MI (FHA|USDA|VA) 11 $3,835,000 $348,636 $7,295 7.08%
Mount Pleasant, MI (FHA|USDA|VA) 18 $3,440,000 $191,111 $5,021 7.19%
MIDLAND, MI (FHA|USDA|VA) 13 $3,375,000 $259,615 $6,113 7.21%
Shawano, WI (FHA|USDA|VA) 11 $3,275,000 $297,727 $5,458 7.49%
MUSKEGON, MI (FHA|USDA|VA) 11 $3,165,000 $287,727 $7,014 6.87%
Big Rapids, MI (FHA|USDA|VA) 12 $3,160,000 $263,333 $6,595 7.11%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 9 $3,005,000 $333,889 $5,779 6.82%
APPLETON, WI (FHA|USDA|VA) 10 $2,840,000 $284,000 $3,763 7.21%
Cadillac, MI (FHA|USDA|VA) 11 $2,545,000 $231,364 $6,223 7.28%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 7 $2,415,000 $345,000 $7,570 6.95%
Ludington, MI (FHA|USDA|VA) 8 $2,290,000 $286,250 $6,580 6.97%
BATTLE CREEK, MI (FHA|USDA|VA) 10 $2,110,000 $211,000 $4,855 7.19%
Manitowoc, WI (FHA|USDA|VA) 7 $1,905,000 $272,143 $3,560 7.10%
Alma, MI (FHA|USDA|VA) 10 $1,820,000 $182,000 $3,562 7.01%
Hillsdale, MI (FHA|USDA|VA) 10 $1,810,000 $181,000 $4,454 7.30%
KNOXVILLE, TN (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $13,159 7.00%
Alpena, MI (FHA|USDA|VA) 7 $1,475,000 $210,714 $5,086 7.49%
Coldwater, MI (FHA|USDA|VA) 6 $1,370,000 $228,333 $4,736 7.18%
Marinette, WI-MI (FHA|USDA|VA) 8 $1,170,000 $146,250 $3,746 7.14%
Sault Ste. Marie, MI (FHA|USDA|VA) 7 $1,115,000 $159,286 $4,081 7.71%
FOND DU LAC, WI (FHA|USDA|VA) 1 $995,000 $995,000 $7,309 6.95%
DULUTH, MN-WI (FHA|USDA|VA) 1 $855,000 $855,000 $12,362 5.95%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $765,000 $765,000 $16,174 6.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $635,000 $635,000 $10,943 6.45%
Sturgis, MI (FHA|USDA|VA) 5 $605,000 $121,000 $3,479 6.48%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 8.25%
Marquette, MI (FHA|USDA|VA) 4 $540,000 $135,000 $4,479 7.68%
Escanaba, MI (FHA|USDA|VA) 3 $515,000 $171,667 $3,801 7.10%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $515,000 $515,000 $8,560 6.70%
BAY CITY, MI (FHA|USDA|VA) 5 $485,000 $97,000 $3,402 7.23%
WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $435,000 $145,000 $3,911 7.35%
Mount Vernon, IL (FHA|USDA|VA) 1 $405,000 $405,000 $3,474 6.20%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $275,000 $275,000 $6,627 7.42%
Houghton, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,421 7.65%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $55,000 $55,000 $3,184 7.80%
Greenstone Farm Credit Services Flca's top markets include Detroit, Grand Rapids, Ann Arbor, Lansing, and Monroe among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against GreenStone Farm Credit Services FLCA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N.E.W. Credit Union
    Similarity Rank: 15
    UNITEDONE Credit Union
    Similarity Rank: 28
    TLC COMMUNITY Credit Union
    Similarity Rank: 36
    South Metro Federal Credit Union
    Similarity Rank: 45
    PCM
    Similarity Rank: 77
    MARSHALL COMMUNITY CREDIT UNION
    Similarity Rank: 78
    PROSPERA Credit Union
    Similarity Rank: 84

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 997 $307,425,000 $308,350 $6,582 7.06%

    For 2024, Greenstone Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 997 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 674 $238,770,000 $354,258 $7,683 7.08%
    Cash Out Refi 200 $36,880,000 $184,400 $3,675 7.05%
    Refi 54 $14,830,000 $274,630 $5,244 6.97%
    Home Improvement 37 $9,725,000 $262,838 $5,874 7.03%
    Other 32 $7,220,000 $225,625 $4,730 7.02%

    For 2024, Greenstone Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 674 originations. The 2nd most popular reason was Cash Out Refi, with 200 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 802 $274,650,000 $342,456 $7,252 7.08%
    Other 171 $26,775,000 $156,579 $3,750 7.00%
    30 Year 19 $5,685,000 $299,211 $4,733 7.07%
    10 Year 5 $315,000 $63,000 $2,663 6.92%

    For 2024, Greenstone Farm Credit Services Flca's most frequently cited loan duration was 30+ year, with 802 originations. The 2nd most popular length was Other, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 313 $173,585,000 $554,585
    $2k-3k 228 $40,020,000 $175,526
    $1k-2k 168 $20,660,000 $122,976
    $3k-4k 139 $36,315,000 $261,259
    $4k-5k 97 $31,905,000 $328,918
    $<1k 50 $4,330,000 $86,600

    Greenstone Farm Credit Services Flca's average total fees were $4,733, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 313 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 510 $184,430,000 $361,627
    7-8% 428 $107,730,000 $251,706
    Over 8% 43 $9,045,000 $210,349
    5-6% 16 $6,220,000 $388,750

    During 2024, Greenstone Farm Credit Services Flca's average interest rate for loans was 7.07%, while their most frequently originated rate bucket for loans was 6-7%, with 510 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 341 $97,035,000 $284,560 $6,737 7.02%
    $100k-200k 210 $30,430,000 $144,905 $3,832 7.19%
    $100,000 or less 178 $11,830,000 $66,461 $2,681 7.24%
    $400k-600k 171 $81,675,000 $477,632 $9,620 6.90%
    $600k-1MM 74 $53,890,000 $728,243 $12,930 6.97%
    $1MM+ 23 $32,565,000 $1,415,870 $16,699 6.66%

    2024 saw Greenstone Farm Credit Services Flca place emphasis on $200k-400k loans with 341 originations, totaling $97,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 343 $112,445,000 $327,828 $7,052 7.03%
    $100k-150k 258 $60,080,000 $232,868 $5,969 7.11%
    $250k+ 156 $88,580,000 $567,821 $9,167 6.99%
    $75k-100k 132 $26,290,000 $199,167 $5,180 7.12%
    $50k-75k 80 $12,100,000 $151,250 $4,200 7.12%
    $50k or less 14 $1,800,000 $128,571 $4,249 7.05%

    Greenstone Farm Credit Services Flca lent most frequently to those with incomes in the $150k-250k range, with 343 originations. The second most popular income band? $100k-150k, with 258 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 234 $61,860,000 $264,359 $5,950 7.11%
    20-30% 211 $52,685,000 $249,692 $5,510 7.08%
    39% 98 $29,760,000 $303,673 $6,872 7.08%
    <20% 89 $17,315,000 $194,551 $4,365 7.03%
    38% 51 $14,205,000 $278,529 $6,277 6.94%
    44% 48 $24,390,000 $508,125 $10,188 6.99%
    37% 44 $15,550,000 $353,409 $6,732 7.01%
    36% 38 $12,700,000 $334,211 $6,588 7.06%
    40% 29 $8,915,000 $307,414 $7,019 7.14%
    41% 28 $9,960,000 $355,714 $7,868 7.22%
    43% 28 $15,080,000 $538,571 $12,888 6.86%
    42% 25 $9,175,000 $367,000 $7,156 7.08%
    49% 10 $6,990,000 $699,000 $13,103 6.84%
    45% 7 $3,735,000 $533,571 $10,393 6.79%
    48% 7 $6,745,000 $963,571 $12,915 6.71%
    46% 4 $2,060,000 $515,000 $10,262 6.71%
    47% 3 $1,965,000 $655,000 $11,284 6.60%

    Greenstone Farm Credit Services Flca lent most frequently to those with DTI ratios of 30-36%, with 234 originations. The next most common DTI ratio? 20-30%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 866 $272,020,000 $314,111 $6,705 7.05%
    Not provided 116 $29,430,000 $253,707 $5,573 7.16%
    Not applicable 8 $3,820,000 $477,500 $7,784 7.04%
    American Indian 3 $1,105,000 $368,333 $7,111 6.79%
    Asian 3 $785,000 $261,667 $6,444 6.83%
    Black 1 $265,000 $265,000 $8,406 7.35%

    Approval Rates

    Total approvals of all applications
    98.49%

    Greenstone Farm Credit Services Flca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.26%

    Greenstone Farm Credit Services Flca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 997 $307,425,000 $308,350

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    997 $307,425,000 $308,350

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 134 $20,370,000 $152,015 $3,597 7.12%
    40-60% 176 $51,060,000 $290,114 $6,184 7.07%
    60-80% 416 $154,480,000 $371,346 $7,673 7.02%
    80-100% 194 $74,930,000 $386,237 $8,302 7.17%
    Under 20% 77 $6,585,000 $85,519 $2,476 6.89%