Chemecal Bank Mortgage Rates, Fees & Info
Troy, MILEI: 5493004P4H8ZQPCUJ047
Tax ID: 38-0415896
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Mortgage Data
Review & Overview
Chemecal Bank is a small bank specializing in Home Purchase loans. Chemecal Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Grand Rapids, Cincinnati, Traverse City, and Dayton among others. We have data for 135 markets. (Some data included below & more in-depth data is available with an active subscription.)Chemecal Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Chemecal Bank 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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Originations
5,728Origination Dollar Volume (All Markets)
$1,100,430,000Awards
CHEMECAL BANK - 2019
CHEMECAL BANK is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1,226 | $351,210,000 | $286,468 | $2,802 | 4.44% |
| Outside of Metro Areas | 950 | $132,370,000 | $139,337 | $1,873 | 4.59% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 636 | $120,770,000 | $189,890 | $2,409 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 327 | $85,665,000 | $261,972 | $3,542 | 4.36% |
| Traverse City, MI (FHA|USDA|VA) | 319 | $56,815,000 | $178,103 | $2,218 | 4.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 139 | $29,845,000 | $214,712 | $3,376 | 4.42% |
| FLINT, MI (FHA|USDA|VA) | 161 | $28,275,000 | $175,621 | $2,729 | 4.45% |
| Holland, MI (FHA|USDA|VA) | 120 | $22,080,000 | $184,000 | $2,250 | 4.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 155 | $20,325,000 | $131,129 | $3,426 | 4.74% |
| ANN ARBOR, MI (FHA|USDA|VA) | 49 | $17,875,000 | $364,796 | $2,909 | 4.23% |
| NILES, MI (FHA|USDA|VA) | 91 | $15,305,000 | $168,187 | $1,927 | 4.52% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 197 | $14,875,000 | $75,508 | $2,214 | 4.61% |
| Cadillac, MI (FHA|USDA|VA) | 129 | $13,415,000 | $103,992 | $1,858 | 4.46% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 61 | $13,135,000 | $215,328 | $3,228 | 4.59% |
| MIDLAND, MI (FHA|USDA|VA) | 81 | $11,785,000 | $145,494 | $2,210 | 4.48% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 92 | $11,150,000 | $121,196 | $2,712 | 5.18% |
| SAGINAW, MI (FHA|USDA|VA) | 42 | $10,640,000 | $253,333 | $2,439 | 4.46% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 36 | $8,070,000 | $224,167 | $4,341 | 4.74% |
| Ludington, MI (FHA|USDA|VA) | 48 | $7,430,000 | $154,792 | $2,253 | 4.63% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 75 | $7,255,000 | $96,733 | $1,998 | 4.68% |
| AKRON, OH (FHA|USDA|VA) | 45 | $7,225,000 | $160,556 | $3,358 | 4.70% |
| BAY CITY, MI (FHA|USDA|VA) | 95 | $6,945,000 | $73,105 | $1,590 | 4.64% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 54 | $6,020,000 | $111,481 | $1,954 | 4.44% |
| Big Rapids, MI (FHA|USDA|VA) | 56 | $5,840,000 | $104,286 | $1,270 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 93 | $5,555,000 | $59,731 | $4,437 | 5.43% |
| MUSKEGON, MI (FHA|USDA|VA) | 21 | $4,905,000 | $233,571 | $2,673 | 4.26% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $4,200,000 | $525,000 | $4,205 | 4.40% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $4,055,000 | $811,000 | $4,800 | 4.20% |
| COLUMBUS, OH (FHA|USDA|VA) | 22 | $4,000,000 | $181,818 | $4,421 | 4.68% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $3,695,000 | $739,000 | $5,185 | 4.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $3,335,000 | $667,000 | $9,145 | 4.55% |
| Mount Pleasant, MI (FHA|USDA|VA) | 25 | $3,225,000 | $129,000 | $2,233 | 4.52% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $3,125,000 | $625,000 | $4,216 | 4.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 10 | $2,660,000 | $266,000 | $2,805 | 4.19% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $2,420,000 | $1,210,000 | $3,074 | 3.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,405,000 | $481,000 | $3,284 | 4.05% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 30 | $2,230,000 | $74,333 | $0 | 5.39% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $2,120,000 | $530,000 | $6,016 | 4.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,105,000 | $191,364 | $4,113 | 4.82% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 17 | $2,075,000 | $122,059 | $1,835 | 4.98% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $1,960,000 | $490,000 | $3,073 | 3.59% |
| Alma, MI (FHA|USDA|VA) | 21 | $1,785,000 | $85,000 | $1,640 | 4.55% |
| Coldwater, MI (FHA|USDA|VA) | 19 | $1,745,000 | $91,842 | $2,202 | 4.83% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 22 | $1,620,000 | $73,636 | $0 | 5.19% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $2,393 | 4.17% |
| Hailey, ID (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $4,460 | 3.75% |
| Hillsdale, MI (FHA|USDA|VA) | 10 | $1,300,000 | $130,000 | $2,192 | 4.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $4,132 | 4.73% |
| JACKSON, MI (FHA|USDA|VA) | 12 | $1,190,000 | $99,167 | $2,055 | 3.99% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,161 | 4.67% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,993 | 3.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,166 | 4.58% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $3,148 | 5.16% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $2,540 | 4.46% |
| MONROE, MI (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $2,566 | 4.25% |
| Wilmington, OH (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $3,533 | 4.30% |
| Dayton, TN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,735 | 4.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $3,441 | 4.89% |
| Brevard, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 5.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 9 | $685,000 | $76,111 | $0 | 5.69% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $1,769 | 4.80% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $3,170 | 5.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 7 | $655,000 | $93,571 | $2,045 | 5.45% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,797 | 3.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,257 | 4.04% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,089 | 4.46% |
| OCALA, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,887 | 4.44% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 7.00% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,920 | 4.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,793 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,970 | 3.50% |
| Adrian, MI (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,471 | 4.53% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,823 | 4.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,574 | 4.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,999 | 4.96% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,090 | 4.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,588 | 4.25% |
| Alpena, MI (FHA|USDA|VA) | 6 | $400,000 | $66,667 | $1,960 | 4.43% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,519 | 4.25% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,933 | 3.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,097 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,511 | 4.13% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,320 | 4.13% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,194 | 4.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,322 | 4.19% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 5.46% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,314 | 3.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 5.28% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,720 | 4.38% |
| Salem, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,158 | 4.94% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $290,000 | $48,333 | $0 | 5.35% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,855 | 4.81% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,218 | 3.63% |
| Wooster, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,307 | 5.19% |
| Decatur, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,065 | 4.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,618 | 4.38% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 5.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,202 | 3.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 5.38% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.88% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,685 | 4.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,689 | 3.88% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 5.96% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,332 | 4.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.88% |
| Angola, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,955 | 4.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.63% |
| Crossville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,665 | 4.50% |
| Urbana, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,979 | 4.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 5.21% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,248 | 4.38% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| Houghton, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,243 | 3.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,048 | 4.38% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,561 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,359 | 4.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.63% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,196 | 4.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,539 | 5.13% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.88% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 5.19% |
| LIMA, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,557 | 4.00% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,014 | 4.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,721 | 4.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.25% |
| Fremont, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $342 | 4.89% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
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Product Mix
For 2019, Chemecal Bank's most frequently originated type of loan was Conventional, with 4,460 originations. Their 2nd most popular type was HELOC, with 911 originations.
Loan Reason
For 2019, Chemecal Bank's most frequently cited loan purpose was Home Purchase, with 2,999 originations. The 2nd most popular reason was Refi, with 941 originations.
Loan Duration/Length
For 2019, Chemecal Bank's most frequently cited loan duration was 30 Year, with 3,442 originations. The 2nd most popular length was 10 Year, with 820 originations.
Origination Fees/Closing Costs
Chemecal Bank's average total fees were $3,124, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,341 originations.
Interest Rates
During 2019, Chemecal Bank's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 2,749 originations.
Loan Sizing
2019 saw Chemecal Bank place emphasis on $100,000 or less loans with 2,454 originations, totaling $128,220,000 in origination value.
Applicant Income
Chemecal Bank lent most frequently to those with incomes in the $50k-75k range, with 1,141 originations. The second most popular income band? $100k-150k, with 1,068 originations.
Applicant Debt to Income Ratio
Chemecal Bank lent most frequently to those with DTI ratios of 20-30%, with 1,298 originations. The next most common DTI ratio? 30-36%, with 1,025 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.26%
Chemecal Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.12%
Chemecal Bank 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 | 5,728 | $1,100,430,000 | $192,114 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Cohn, Goldberg & Deutsch,LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |