Greenstone Farm Credit Services Flca Mortgage Rates, Fees & Info
East Lansing, MILEI: 549300461TECLDDGNF98
Tax ID: 38-1358859
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Mortgage Data
Review & Overview
Greenstone Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase and Refi loans. Greenstone Farm Credit Services Flca has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Ann Arbor, Grand Rapids, Lansing, and Traverse City among others. We have data for 52 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.38% | 4/21/24 |
| 30 Year Conventional Refi | 7.13% | 4/21/24 |
| 30 Year Cash-out Refi | 7.44% | 4/21/24 |
| 15 Year Conventional Purchase | 7.44% | 4/21/24 |
| 15 Year Conventional Refi | 6.95% | 4/21/24 |
| 15 Year Cash-out Refi | 6.95% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,029Origination Dollar Volume (All Markets)
$245,865,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 134 | $48,210,000 | $359,776 | $6,852 | 4.58% |
| Outside of Metro Areas | 252 | $43,610,000 | $173,056 | $4,207 | 4.86% |
| ANN ARBOR, MI (FHA|USDA|VA) | 66 | $25,590,000 | $387,727 | $6,958 | 4.66% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 72 | $16,500,000 | $229,167 | $4,698 | 4.56% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 79 | $15,945,000 | $201,835 | $4,511 | 4.43% |
| Traverse City, MI (FHA|USDA|VA) | 29 | $8,155,000 | $281,207 | $5,910 | 4.46% |
| FLINT, MI (FHA|USDA|VA) | 16 | $6,910,000 | $431,875 | $7,896 | 4.64% |
| MONROE, MI (FHA|USDA|VA) | 25 | $6,795,000 | $271,800 | $6,812 | 4.79% |
| Holland, MI (FHA|USDA|VA) | 29 | $6,045,000 | $208,448 | $5,032 | 4.68% |
| JACKSON, MI (FHA|USDA|VA) | 28 | $5,520,000 | $197,143 | $4,843 | 4.72% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 21 | $5,465,000 | $260,238 | $5,684 | 4.65% |
| Cadillac, MI (FHA|USDA|VA) | 25 | $4,065,000 | $162,600 | $4,622 | 4.78% |
| GREEN BAY, WI (FHA|USDA|VA) | 14 | $3,890,000 | $277,857 | $2,730 | 4.68% |
| Manitowoc, WI (FHA|USDA|VA) | 11 | $3,665,000 | $333,182 | $3,731 | 5.03% |
| APPLETON, WI (FHA|USDA|VA) | 13 | $3,485,000 | $268,077 | $3,080 | 5.44% |
| MIDLAND, MI (FHA|USDA|VA) | 13 | $3,435,000 | $264,231 | $5,147 | 4.68% |
| Adrian, MI (FHA|USDA|VA) | 18 | $3,250,000 | $180,556 | $3,378 | 4.39% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 12 | $2,830,000 | $235,833 | $4,002 | 4.49% |
| Mount Pleasant, MI (FHA|USDA|VA) | 17 | $2,765,000 | $162,647 | $4,250 | 4.97% |
| NILES, MI (FHA|USDA|VA) | 7 | $2,755,000 | $393,571 | $7,278 | 4.60% |
| Shawano, WI (FHA|USDA|VA) | 14 | $2,600,000 | $185,714 | $2,580 | 4.85% |
| Marinette, WI-MI (FHA|USDA|VA) | 22 | $2,590,000 | $117,727 | $2,475 | 4.79% |
| Hillsdale, MI (FHA|USDA|VA) | 13 | $1,975,000 | $151,923 | $3,546 | 4.59% |
| SAGINAW, MI (FHA|USDA|VA) | 11 | $1,865,000 | $169,545 | $4,384 | 4.81% |
| MUSKEGON, MI (FHA|USDA|VA) | 8 | $1,600,000 | $200,000 | $4,716 | 4.83% |
| Alma, MI (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $3,363 | 4.49% |
| BAY CITY, MI (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $3,492 | 4.90% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $3,382 | 4.27% |
| Ludington, MI (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,779 | 4.52% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $4,413 | 5.60% |
| Sturgis, MI (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $5,588 | 4.49% |
| Alpena, MI (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $6,574 | 4.26% |
| Stevens Point, WI (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $3,952 | 5.30% |
| Coldwater, MI (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $3,827 | 4.83% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,900 | 5.18% |
| Big Rapids, MI (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $3,337 | 4.71% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,303 | 4.15% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,936 | 3.85% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,445 | 4.15% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,170 | 5.00% |
| Marquette, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,489 | 4.05% |
| Platteville, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,011 | 4.48% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,261 | 4.55% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,996 | 3.95% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,299 | 4.60% |
| MADISON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,993 | 4.60% |
| Angola, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,703 | 4.35% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,446 | 4.23% |
| Houghton, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,354 | 5.30% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,838 | 4.65% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,445 | 5.80% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,412 | 5.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,028 | $245,810,000 | $239,115 | $4,920 | 4.69% |
| USDA | 1 | $55,000 | $55,000 | $2,019 | 5.95% |
For 2019, Greenstone Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 1,028 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Greenstone Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 651 originations. The 2nd most popular reason was Refi, with 252 originations.
Loan Duration/Length
For 2019, Greenstone Farm Credit Services Flca's most frequently cited loan duration was 30 Year, with 413 originations. The 2nd most popular length was 30+ year, with 347 originations.
Origination Fees/Closing Costs
Greenstone Farm Credit Services Flca's average total fees were $3,907, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 237 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 560 | $127,050,000 | $226,875 |
| 5-6% | 250 | $58,320,000 | $233,280 |
| 3-4% | 182 | $49,590,000 | $272,473 |
| 6-7% | 35 | $10,375,000 | $296,429 |
| 7-8% | 2 | $530,000 | $265,000 |
During 2019, Greenstone Farm Credit Services Flca's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 560 originations.
Loan Sizing
2019 saw Greenstone Farm Credit Services Flca place emphasis on $200k-400k loans with 371 originations, totaling $104,905,000 in origination value.
Applicant Income
Greenstone Farm Credit Services Flca lent most frequently to those with incomes in the $100k-150k range, with 276 originations. The second most popular income band? $75k-100k, with 211 originations.
Applicant Debt to Income Ratio
Greenstone Farm Credit Services Flca lent most frequently to those with DTI ratios of 20-30%, with 245 originations. The next most common DTI ratio? 30-36%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.96%
Greenstone Farm Credit Services Flca has an average approval rate.
Pick Rate
Approvals leading to origination70.07%
Greenstone Farm Credit Services Flca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,029 | $245,865,000 | $238,936 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 47 | $4,965,000 | $105,638 |
| Single Family (1-4 Units):Site-Built | 982 | $240,900,000 | $245,316 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GreenSky, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |