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, Grand Rapids, Lansing, Ann Arbor, and Traverse City among others. We have data for 49 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
1,694Origination Dollar Volume (All Markets)
$411,060,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 407 | $81,255,000 | $199,644 | $4,399 | 3.49% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 180 | $54,230,000 | $301,278 | $6,239 | 3.35% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 144 | $40,460,000 | $280,972 | $4,888 | 3.23% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 141 | $32,925,000 | $233,511 | $4,341 | 3.24% |
| ANN ARBOR, MI (FHA|USDA|VA) | 76 | $26,010,000 | $342,237 | $6,435 | 3.34% |
| Traverse City, MI (FHA|USDA|VA) | 53 | $16,395,000 | $309,340 | $6,060 | 3.54% |
| Holland, MI (FHA|USDA|VA) | 55 | $13,925,000 | $253,182 | $5,392 | 3.60% |
| MONROE, MI (FHA|USDA|VA) | 49 | $12,305,000 | $251,122 | $5,476 | 3.55% |
| Adrian, MI (FHA|USDA|VA) | 42 | $10,600,000 | $252,381 | $4,820 | 3.35% |
| GREEN BAY, WI (FHA|USDA|VA) | 42 | $10,210,000 | $243,095 | $3,099 | 3.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 24 | $8,540,000 | $355,833 | $5,013 | 3.23% |
| Cadillac, MI (FHA|USDA|VA) | 31 | $7,475,000 | $241,129 | $5,215 | 3.49% |
| JACKSON, MI (FHA|USDA|VA) | 32 | $7,330,000 | $229,063 | $5,515 | 3.40% |
| Manitowoc, WI (FHA|USDA|VA) | 25 | $6,915,000 | $276,600 | $2,969 | 3.47% |
| FLINT, MI (FHA|USDA|VA) | 23 | $6,565,000 | $285,435 | $6,083 | 3.35% |
| SAGINAW, MI (FHA|USDA|VA) | 33 | $6,115,000 | $185,303 | $3,326 | 3.39% |
| Alma, MI (FHA|USDA|VA) | 26 | $5,360,000 | $206,154 | $3,526 | 3.10% |
| MIDLAND, MI (FHA|USDA|VA) | 17 | $5,135,000 | $302,059 | $5,137 | 3.35% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 20 | $4,860,000 | $243,000 | $5,095 | 3.43% |
| BAY CITY, MI (FHA|USDA|VA) | 22 | $4,510,000 | $205,000 | $3,333 | 3.20% |
| Marinette, WI-MI (FHA|USDA|VA) | 28 | $4,490,000 | $160,357 | $3,119 | 3.71% |
| MUSKEGON, MI (FHA|USDA|VA) | 18 | $3,980,000 | $221,111 | $4,498 | 3.10% |
| APPLETON, WI (FHA|USDA|VA) | 17 | $3,855,000 | $226,765 | $2,515 | 3.65% |
| Shawano, WI (FHA|USDA|VA) | 19 | $3,575,000 | $188,158 | $2,814 | 3.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 20 | $3,470,000 | $173,500 | $4,214 | 3.32% |
| NILES, MI (FHA|USDA|VA) | 16 | $3,160,000 | $197,500 | $5,213 | 3.46% |
| Coldwater, MI (FHA|USDA|VA) | 13 | $3,085,000 | $237,308 | $4,432 | 3.57% |
| Mount Pleasant, MI (FHA|USDA|VA) | 16 | $2,940,000 | $183,750 | $4,137 | 3.33% |
| Ludington, MI (FHA|USDA|VA) | 13 | $2,885,000 | $221,923 | $4,654 | 3.32% |
| Hillsdale, MI (FHA|USDA|VA) | 14 | $2,840,000 | $202,857 | $4,067 | 3.44% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $2,923 | 3.49% |
| Alpena, MI (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $5,130 | 3.91% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 14 | $1,760,000 | $125,714 | $3,361 | 3.41% |
| Sturgis, MI (FHA|USDA|VA) | 10 | $1,670,000 | $167,000 | $4,216 | 3.32% |
| Big Rapids, MI (FHA|USDA|VA) | 12 | $1,380,000 | $115,000 | $2,880 | 3.33% |
| Houghton, MI (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $3,441 | 3.53% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $9,821 | 3.00% |
| Escanaba, MI (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $3,555 | 3.76% |
| Marquette, MI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,593 | 3.45% |
| Española, NM (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $9,540 | 3.95% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,595 | 3.65% |
| Platteville, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,294 | 3.95% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,995 | 3.65% |
| Marion, IN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,009 | 3.35% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,893 | 3.70% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,593 | 3.00% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,635 | 2.90% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,755 | 3.95% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,130 | 2.40% |
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 | 1,693 | $410,955,000 | $242,738 | $4,753 | 3.40% |
| USDA | 1 | $105,000 | $105,000 | $3,581 | 5.05% |
For 2020, Greenstone Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 1,693 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, Greenstone Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 846 originations. The 2nd most popular reason was Refi, with 742 originations.
Loan Duration/Length
For 2020, Greenstone Farm Credit Services Flca's most frequently cited loan duration was 30 Year, with 656 originations. The 2nd most popular length was 30+ year, with 372 originations.
Origination Fees/Closing Costs
Greenstone Farm Credit Services Flca's average total fees were $4,002, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 448 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 978 | $235,390,000 | $240,685 |
| 2.5-3% | 364 | $91,720,000 | $251,978 |
| 4-5% | 246 | $57,560,000 | $233,984 |
| <2.5% | 99 | $25,025,000 | $252,778 |
| 5-6% | 7 | $1,365,000 | $195,000 |
During 2020, Greenstone Farm Credit Services Flca's average interest rate for loans was 3.58%, while their most frequently originated rate bucket for loans was 3-4%, with 978 originations.
Loan Sizing
2020 saw Greenstone Farm Credit Services Flca place emphasis on $200k-400k loans with 629 originations, totaling $176,795,000 in origination value.
Applicant Income
Greenstone Farm Credit Services Flca lent most frequently to those with incomes in the $100k-150k range, with 487 originations. The second most popular income band? $75k-100k, with 311 originations.
Applicant Debt to Income Ratio
Greenstone Farm Credit Services Flca lent most frequently to those with DTI ratios of 20-30%, with 499 originations. The next most common DTI ratio? 30-36%, with 413 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.61%
Greenstone Farm Credit Services Flca has an average approval rate.
Pick Rate
Approvals leading to origination74.44%
Greenstone Farm Credit Services Flca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,694 | $411,060,000 | $242,656 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GreenSky, LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |