Marshall Community Credit Union Mortgage Rates, Fees & Info

Marshall, MI

LEI: 5493004R1ELTGT9LUL33

Tax ID: 38-1444840

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

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Mortgage Data

Review & Overview

Marshall Community Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Marshall Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Battle Creek, Coldwater, Lansing, Kalamazoo, and Big Rapids among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Marshall Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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 0.62% 3/17/24
30 Year Conventional Refi 0.58% 3/17/24
30 Year Cash-out Refi 0.49% 3/17/24
15 Year Conventional Purchase 0.91% 3/17/24
15 Year Conventional Refi 1.03% 3/17/24
15 Year Cash-out Refi 1.03% 3/17/24
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.

Marshall Community Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Marshall Community Credit Union. 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

299

Origination Dollar Volume (All Markets)

$35,345,000

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
BATTLE CREEK, MI (FHA|USDA|VA) 216 $25,160,000 $116,481 $0 4.84%
Coldwater, MI (FHA|USDA|VA) 34 $3,350,000 $98,529 $0 4.96%
Outside of Metro Areas 16 $2,420,000 $151,250 $0 4.69%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 11 $1,235,000 $112,273 $0 5.02%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 8 $1,140,000 $142,500 $0 4.53%
Big Rapids, MI (FHA|USDA|VA) 2 $470,000 $235,000 $0 3.88%
Hillsdale, MI (FHA|USDA|VA) 3 $365,000 $121,667 $0 4.95%
Traverse City, MI (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.63%
JACKSON, MI (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.75%
Sturgis, MI (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.82%
Adrian, MI (FHA|USDA|VA) 2 $180,000 $90,000 $0 4.44%
NILES, MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.50%
Cadillac, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
MUSKEGON, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
Marshall Community Credit Union's top markets include Battle Creek, Coldwater, Lansing, Kalamazoo, and Big Rapids among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 299 $35,345,000 $118,211 $0 4.83%

    For 2018, Marshall Community Credit Union's most frequently originated type of loan was Conventional, with 299 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 169 $18,625,000 $110,207 $0 4.91%
    Home Purchase 130 $16,720,000 $128,615 $0 4.72%

    For 2018, Marshall Community Credit Union's most frequently cited loan purpose was Refi, with 169 originations. The 2nd most popular reason was Home Purchase, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 116 $13,700,000 $118,103 $0 4.85%
    30 Year 93 $13,285,000 $142,849 $0 4.83%
    15 Year 69 $5,735,000 $83,116 $0 4.85%
    20 Year 10 $1,460,000 $146,000 $0 4.39%
    10 Year 7 $395,000 $56,429 $0 4.88%
    Other 4 $770,000 $192,500 $0 4.88%

    For 2018, Marshall Community Credit Union's most frequently cited loan duration was 5 Year, with 116 originations. The 2nd most popular length was 30 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 271 $32,185,000 $118,764
    $1k-2k 18 $2,230,000 $123,889

    Marshall Community Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 206 $27,250,000 $132,282
    5-6% 66 $4,030,000 $61,061
    3-4% 24 $3,740,000 $155,833
    6-7% 3 $325,000 $108,333

    During 2018, Marshall Community Credit Union's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 146 $8,270,000 $56,644 $0 5.00%
    $100k-200k 114 $15,930,000 $139,737 $0 4.74%
    $200k-400k 34 $8,790,000 $258,529 $0 4.47%
    $400k-600k 5 $2,355,000 $471,000 $0 4.50%

    2018 saw Marshall Community Credit Union place emphasis on $100,000 or less loans with 146 originations, totaling $8,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $7,340,000 $79,783 $0 4.81%
    $50k-75k 78 $7,690,000 $98,590 $0 4.89%
    $100k-150k 49 $8,375,000 $170,918 $0 4.82%
    $75k-100k 49 $6,175,000 $126,020 $0 4.85%
    $150k-250k 19 $3,505,000 $184,474 $0 4.77%
    $250k+ 12 $2,260,000 $188,333 $0 4.71%

    Marshall Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 89 $10,805,000 $121,404 $0 4.86%
    30-36% 64 $8,680,000 $135,625 $0 4.67%
    <20% 55 $5,805,000 $105,545 $0 4.74%
    50-60% 11 $1,185,000 $107,727 $0 5.17%
    42% 9 $705,000 $78,333 $0 4.85%
    37% 9 $695,000 $77,222 $0 4.93%
    40% 9 $1,425,000 $158,333 $0 4.89%
    >60% 8 $680,000 $85,000 $0 5.30%
    41% 7 $705,000 $100,714 $0 4.96%
    44% 6 $1,190,000 $198,333 $0 5.11%
    38% 6 $780,000 $130,000 $0 4.89%
    39% 4 $310,000 $77,500 $0 5.38%
    43% 4 $490,000 $122,500 $0 4.78%
    46% 4 $580,000 $145,000 $0 5.09%
    47% 4 $440,000 $110,000 $0 4.66%
    49% 3 $305,000 $101,667 $0 4.17%
    36% 3 $295,000 $98,333 $0 4.83%
    45% 3 $255,000 $85,000 $0 4.75%
    48% 1 $15,000 $15,000 $0 5.50%

    Marshall Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $33,765,000 $117,648 $0 4.81%
    Black 4 $640,000 $160,000 $0 5.38%
    Not provided 5 $595,000 $119,000 $0 6.13%
    Asian 1 $255,000 $255,000 $0 4.50%
    American Indian 2 $90,000 $45,000 $0 4.44%

    Approval Rates

    Total approvals of all applications
    98.39%

    Marshall Community Credit Union 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
    98.66%

    Marshall Community Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    1004.3 3 $225,000 $75,000
    1004.85 21 $2,975,000 $141,667
    1005.85 1 $45,000 $45,000
    1006.6 1 $45,000 $45,000
    1008.8 2 $380,000 $190,000
    1013.65 2 $290,000 $145,000
    1020.6 21 $3,525,000 $167,857
    1020.8 3 $555,000 $185,000
    1022.6 1 $195,000 $195,000
    1029.0 4 $250,000 $62,500
    1038.6 1 $105,000 $105,000
    1039.85 1 $75,000 $75,000
    1043.85 1 $445,000 $445,000
    1177.7 1 $125,000 $125,000
    1179.0 1 $55,000 $55,000
    122.3 1 $65,000 $65,000
    1313.55 1 $75,000 $75,000
    1324.7 1 $55,000 $55,000
    1329.85 1 $185,000 $185,000
    1338.55 8 $890,000 $111,250
    1349.7 1 $95,000 $95,000
    1354.85 2 $150,000 $75,000
    138.65 1 $195,000 $195,000
    14.0 4 $100,000 $25,000
    1423.85 1 $85,000 $85,000
    1438.65 1 $55,000 $55,000
    147.65 1 $305,000 $305,000
    154.55 1 $35,000 $35,000
    200.85 1 $205,000 $205,000
    2013.55 1 $585,000 $585,000
    204.0 1 $25,000 $25,000
    205847.24 1 $205,000 $205,000
    215.0 2 $330,000 $165,000
    229.0 1 $15,000 $15,000
    244.55 1 $15,000 $15,000
    249.55 1 $135,000 $135,000
    256.2 1 $305,000 $305,000
    263.55 2 $100,000 $50,000
    267.25 1 $455,000 $455,000
    270.2 2 $470,000 $235,000
    279.85 2 $20,000 $10,000
    304.55 2 $180,000 $90,000
    306.85 1 $75,000 $75,000
    313.55 1 $75,000 $75,000
    362.6 1 $25,000 $25,000
    364.0 1 $45,000 $45,000
    369.55 4 $190,000 $47,500
    379.85 1 $5,000 $5,000
    413.55 3 $215,000 $71,667
    429.85 1 $15,000 $15,000
    479.0 1 $75,000 $75,000
    487.6 1 $45,000 $45,000
    494.55 1 $65,000 $65,000
    513.55 1 $45,000 $45,000
    519.55 1 $25,000 $25,000
    549.7 1 $15,000 $15,000
    64.85 1 $235,000 $235,000
    65.0 3 $155,000 $51,667
    748.55 1 $165,000 $165,000
    758.6 2 $170,000 $85,000
    79.0 8 $380,000 $47,500
    808.6 1 $45,000 $45,000
    813.55 6 $590,000 $98,333
    814.75 1 $185,000 $185,000
    822.65 1 $65,000 $65,000
    824.7 2 $120,000 $60,000
    828.2 1 $65,000 $65,000
    829.85 2 $140,000 $70,000
    830.85 1 $65,000 $65,000
    833.6 1 $225,000 $225,000
    838.55 2 $150,000 $75,000
    845.6 1 $115,000 $115,000
    847.65 4 $280,000 $70,000
    849.7 1 $155,000 $155,000
    854.0 1 $85,000 $85,000
    854.85 2 $140,000 $70,000
    858.45 1 $105,000 $105,000
    858.8 2 $210,000 $105,000
    870.6 3 $355,000 $118,333
    870.8 1 $25,000 $25,000
    879.0 6 $830,000 $138,333
    898.55 2 $180,000 $90,000
    904.0 1 $35,000 $35,000
    914.85 1 $95,000 $95,000
    939.85 1 $45,000 $45,000
    958.6 1 $45,000 $45,000
    963.55 8 $1,250,000 $156,250
    965.1 1 $135,000 $135,000
    967.35 1 $45,000 $45,000
    970.2 3 $255,000 $85,000
    972.3 1 $55,000 $55,000
    972.65 9 $1,035,000 $115,000
    979.3 1 $55,000 $55,000
    979.85 10 $1,620,000 $162,000
    983.6 1 $285,000 $285,000
    983.8 2 $160,000 $80,000
    985.3 1 $145,000 $145,000
    988.55 28 $2,940,000 $105,000
    991.95 1 $105,000 $105,000
    994.45 1 $215,000 $215,000
    994.65 1 $185,000 $185,000
    995.2 1 $75,000 $75,000
    995.6 6 $1,040,000 $173,333
    996.16 1 $245,000 $245,000
    997.3 2 $240,000 $120,000
    997.65 27 $3,595,000 $133,148
    999.7 1 $75,000 $75,000
    NA 5 $595,000 $119,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $400,000 $50,000
    Single Family (1-4 Units):Site-Built 291 $34,945,000 $120,086

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $1,235,000 $58,810 $0 5.24%
    40-60% 24 $2,840,000 $118,333 $0 4.58%
    60-80% 132 $15,820,000 $119,848 $0 4.74%
    80-100% 98 $14,890,000 $151,939 $0 4.72%
    Under 20% 24 $560,000 $23,333 $0 5.69%