Marshall Community Credit Union Mortgage Rates, Fees & Info
Marshall, MILEI: 5493004R1ELTGT9LUL33
Tax ID: 38-1444840
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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% | 12/16/24 |
| 30 Year Conventional Refi | 0.58% | 12/16/24 |
| 30 Year Cash-out Refi | 0.49% | 12/16/24 |
| 15 Year Conventional Purchase | 0.91% | 12/16/24 |
| 15 Year Conventional Refi | 1.03% | 12/16/24 |
| 15 Year Cash-out Refi | 1.03% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
299Origination Dollar Volume (All Markets)
$35,345,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against MARSHALL COMMUNITY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 105
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Similarity Rank: 437
Similarity Rank: 600
Similarity Rank: 690
Similarity Rank: 966
Similarity Rank: 1220
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
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
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
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
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
Approval Rates
Total approvals of all applications98.39%
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 origination98.66%
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 |