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, Kalamazoo, Jackson, and Lansing among others. We have data for 16 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

404

Origination Dollar Volume (All Markets)

$51,060,000

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) 289 $35,595,000 $123,166 $0 4.58%
Coldwater, MI (FHA|USDA|VA) 48 $5,900,000 $122,917 $0 4.89%
Outside of Metro Areas 13 $2,605,000 $200,385 $0 4.24%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 17 $2,245,000 $132,059 $0 4.92%
JACKSON, MI (FHA|USDA|VA) 9 $1,095,000 $121,667 $0 4.44%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,095,000 $121,667 $0 4.83%
Hillsdale, MI (FHA|USDA|VA) 7 $1,065,000 $152,143 $0 4.54%
Traverse City, MI (FHA|USDA|VA) 3 $465,000 $155,000 $0 4.46%
Cadillac, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.75%
NILES, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.13%
FLINT, MI (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.63%
Adrian, MI (FHA|USDA|VA) 2 $90,000 $45,000 $0 5.50%
Holland, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
Mount Pleasant, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.63%
Sturgis, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
Marshall Community Credit Union's top markets include Battle Creek, Coldwater, Kalamazoo, Jackson, and Lansing among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 404 $51,060,000 $126,386 $0 4.62%

    For 2019, Marshall Community Credit Union's most frequently originated type of loan was Conventional, with 404 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 239 $30,205,000 $126,381 $0 4.76%
    Home Purchase 165 $20,855,000 $126,394 $0 4.43%

    For 2019, Marshall Community Credit Union's most frequently cited loan purpose was Refi, with 239 originations. The 2nd most popular reason was Home Purchase, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 151 $23,385,000 $154,868 $0 4.12%
    5 Year 133 $14,095,000 $105,977 $0 5.30%
    15 Year 88 $9,340,000 $106,136 $0 4.56%
    10 Year 13 $755,000 $58,077 $0 4.27%
    20 Year 7 $785,000 $112,143 $0 4.16%
    Other 7 $1,865,000 $266,429 $0 4.39%
    1 Year 5 $835,000 $167,000 $0 5.00%

    For 2019, Marshall Community Credit Union's most frequently cited loan duration was 30 Year, with 151 originations. The 2nd most popular length was 5 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 241 $32,335,000 $134,170
    $<1k 139 $15,925,000 $114,568
    $2k-3k 1 $145,000 $145,000

    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-2k bucket, with 241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 136 $20,850,000 $153,309
    4-5% 111 $15,025,000 $135,360
    5-6% 95 $9,985,000 $105,105
    6-7% 49 $2,395,000 $48,878
    2.5-3% 12 $2,680,000 $223,333
    7-8% 1 $125,000 $125,000

    During 2019, Marshall Community Credit Union's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $10,865,000 $56,885 $0 4.99%
    $100k-200k 143 $19,895,000 $139,126 $0 4.29%
    $200k-400k 61 $15,915,000 $260,902 $0 4.35%
    $400k-600k 8 $3,630,000 $453,750 $0 3.81%
    $600k-1MM 1 $755,000 $755,000 $0 5.50%

    2019 saw Marshall Community Credit Union place emphasis on $100,000 or less loans with 191 originations, totaling $10,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 118 $9,590,000 $81,271 $0 4.72%
    $50k-75k 102 $10,310,000 $101,078 $0 4.76%
    $75k-100k 69 $9,175,000 $132,971 $0 4.40%
    $100k-150k 63 $10,125,000 $160,714 $0 4.51%
    $150k-250k 40 $8,830,000 $220,750 $0 4.43%
    $250k+ 10 $2,830,000 $283,000 $0 4.76%

    Marshall Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 118 originations. The second most popular income band? $50k-75k, with 102 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $15,465,000 $129,958 $0 4.48%
    <20% 88 $11,260,000 $127,955 $0 4.58%
    30-36% 75 $10,385,000 $138,467 $0 4.57%
    >60% 17 $1,225,000 $72,059 $0 5.24%
    38% 15 $1,605,000 $107,000 $0 4.75%
    39% 11 $1,425,000 $129,545 $0 4.75%
    37% 9 $1,145,000 $127,222 $0 4.83%
    43% 9 $1,545,000 $171,667 $0 4.42%
    50-60% 9 $755,000 $83,889 $0 5.51%
    36% 9 $765,000 $85,000 $0 4.46%
    41% 7 $835,000 $119,286 $0 4.20%
    49% 7 $865,000 $123,571 $0 4.75%
    46% 7 $1,005,000 $143,571 $0 4.93%
    44% 6 $670,000 $111,667 $0 4.69%
    40% 4 $750,000 $187,500 $0 4.25%
    48% 4 $390,000 $97,500 $0 5.09%
    42% 2 $270,000 $135,000 $0 6.25%
    45% 2 $270,000 $135,000 $0 3.50%
    47% 2 $230,000 $115,000 $0 4.56%

    Marshall Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? <20%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 384 $49,310,000 $128,411 $0 4.60%
    Not provided 9 $795,000 $88,333 $0 6.31%
    Asian 4 $400,000 $100,000 $0 3.34%
    American Indian 4 $290,000 $72,500 $0 4.78%
    Black 3 $265,000 $88,333 $0 4.08%

    Approval Rates

    Total approvals of all applications
    97.41%

    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
    97.77%

    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
    1004.85 3 $375,000 $125,000
    1008.8 3 $215,000 $71,667
    1011.65 1 $205,000 $205,000
    1018.85 1 $265,000 $265,000
    1020.8 4 $610,000 $152,500
    1025.45 1 $85,000 $85,000
    1029.0 1 $225,000 $225,000
    104.0 1 $95,000 $95,000
    1054.0 2 $360,000 $180,000
    1063.55 12 $800,000 $66,667
    1072.65 10 $1,170,000 $117,000
    1079.85 10 $1,570,000 $157,000
    1083.8 2 $360,000 $180,000
    1084.85 1 $95,000 $95,000
    1088.55 18 $1,700,000 $94,444
    1089.55 1 $145,000 $145,000
    1093.85 1 $455,000 $455,000
    1095.8 9 $1,365,000 $151,667
    1097.65 20 $2,460,000 $123,000
    1098.05 2 $220,000 $110,000
    1098.1 1 $65,000 $65,000
    1098.5 4 $540,000 $135,000
    1098.85 2 $260,000 $130,000
    1099.7 1 $65,000 $65,000
    1100.65 1 $105,000 $105,000
    1103.55 1 $115,000 $115,000
    1104.0 1 $65,000 $65,000
    1104.85 17 $2,245,000 $132,059
    1106.8 1 $195,000 $195,000
    1107.15 1 $185,000 $185,000
    1108.8 1 $105,000 $105,000
    1109.65 2 $200,000 $100,000
    1109.95 1 $75,000 $75,000
    1113.65 1 $55,000 $55,000
    1114.8 1 $65,000 $65,000
    1120.8 22 $3,750,000 $170,455
    1120.85 1 $215,000 $215,000
    1122.65 1 $115,000 $115,000
    1123.05 8 $1,000,000 $125,000
    1123.1 1 $285,000 $285,000
    1123.85 11 $1,915,000 $174,091
    1124.7 1 $75,000 $75,000
    1129.6 2 $430,000 $215,000
    1129.85 1 $135,000 $135,000
    1143.85 1 $175,000 $175,000
    1149.7 4 $260,000 $65,000
    1152.65 1 $55,000 $55,000
    1154.0 2 $190,000 $95,000
    1158.8 1 $105,000 $105,000
    1159.65 2 $180,000 $90,000
    1163.55 2 $180,000 $90,000
    1170.8 1 $85,000 $85,000
    1179.85 1 $35,000 $35,000
    118.0 5 $65,000 $13,000
    1199.7 1 $245,000 $245,000
    1204.0 1 $95,000 $95,000
    1238.55 9 $815,000 $90,556
    1247.65 11 $1,385,000 $125,909
    1248.5 5 $795,000 $159,000
    1248.55 1 $135,000 $135,000
    1248.65 1 $65,000 $65,000
    1249.7 2 $130,000 $65,000
    1254.85 8 $810,000 $101,250
    1258.8 7 $755,000 $107,857
    1259.95 2 $260,000 $130,000
    1269.85 1 $255,000 $255,000
    1270.8 10 $1,820,000 $182,000
    1270.85 1 $225,000 $225,000
    1273.05 2 $480,000 $240,000
    1273.1 1 $155,000 $155,000
    1279.6 3 $725,000 $241,667
    1279.85 2 $570,000 $285,000
    1300.2 1 $105,000 $105,000
    1304.85 1 $755,000 $755,000
    1329.85 1 $45,000 $45,000
    1338.55 1 $75,000 $75,000
    14.0 2 $450,000 $225,000
    1413.55 1 $105,000 $105,000
    1438.55 1 $55,000 $55,000
    1454.85 2 $190,000 $95,000
    145.8 3 $1,035,000 $345,000
    1488.55 1 $65,000 $65,000
    154.6 1 $295,000 $295,000
    1557.0 1 $125,000 $125,000
    1563.55 1 $205,000 $205,000
    1579.85 1 $105,000 $105,000
    1588.55 2 $160,000 $80,000
    1618.85 1 $125,000 $125,000
    163.55 1 $35,000 $35,000
    229.0 5 $845,000 $169,000
    254.0 1 $15,000 $15,000
    2587.65 1 $145,000 $145,000
    279.85 1 $75,000 $75,000
    295.8 2 $540,000 $270,000
    304.55 1 $15,000 $15,000
    329.0 2 $410,000 $205,000
    329.85 1 $25,000 $25,000
    337.6 1 $15,000 $15,000
    363.55 1 $105,000 $105,000
    369.55 1 $145,000 $145,000
    388.55 1 $55,000 $55,000
    395.8 2 $460,000 $230,000
    404.85 1 $185,000 $185,000
    413.55 1 $15,000 $15,000
    454.6 1 $115,000 $115,000
    564.85 1 $15,000 $15,000
    588.65 1 $35,000 $35,000
    594.55 3 $235,000 $78,333
    604.03 1 $45,000 $45,000
    613.55 2 $80,000 $40,000
    629.85 2 $120,000 $60,000
    638.55 1 $165,000 $165,000
    649.7 1 $35,000 $35,000
    652.55 1 $55,000 $55,000
    654.85 1 $155,000 $155,000
    667.55 1 $25,000 $25,000
    668.85 1 $35,000 $35,000
    734.0 1 $45,000 $45,000
    738.55 2 $50,000 $25,000
    748.55 1 $165,000 $165,000
    762.55 1 $275,000 $275,000
    79.0 11 $405,000 $36,818
    813.55 3 $235,000 $78,333
    816.55 1 $145,000 $145,000
    822.85 1 $35,000 $35,000
    829.0 1 $85,000 $85,000
    838.55 1 $75,000 $75,000
    845.8 3 $455,000 $151,667
    870.8 1 $35,000 $35,000
    873.1 1 $25,000 $25,000
    879.0 2 $260,000 $130,000
    898.85 1 $445,000 $445,000
    914.85 1 $115,000 $115,000
    938.55 1 $105,000 $105,000
    963.55 2 $210,000 $105,000
    972.65 1 $65,000 $65,000
    979.85 4 $520,000 $130,000
    988.55 9 $895,000 $99,444
    990.65 1 $105,000 $105,000
    995.8 1 $105,000 $105,000
    997.65 2 $210,000 $105,000
    NA 15 $1,815,000 $121,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 22 $1,430,000 $65,000
    Single Family (1-4 Units):Site-Built 382 $49,630,000 $129,921

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,730,000 $66,538 $0 5.04%
    40-60% 38 $4,450,000 $117,105 $0 4.43%
    60-80% 198 $27,140,000 $137,071 $0 4.46%
    80-100% 110 $16,720,000 $152,000 $0 4.49%
    Over 100% 1 $265,000 $265,000 $0 5.25%
    Under 20% 31 $755,000 $24,355 $0 5.99%