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, Lansing, and Jackson 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

848

Origination Dollar Volume (All Markets)

$134,620,000

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) 603 $88,625,000 $146,973 $0 2.91%
Coldwater, MI (FHA|USDA|VA) 88 $14,780,000 $167,955 $0 3.21%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 44 $9,810,000 $222,955 $0 2.69%
Outside of Metro Areas 33 $5,645,000 $171,061 $0 2.52%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 26 $4,480,000 $172,308 $0 2.88%
JACKSON, MI (FHA|USDA|VA) 17 $3,245,000 $190,882 $0 2.83%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $2,005,000 $222,778 $0 2.54%
MUSKEGON, MI (FHA|USDA|VA) 2 $1,470,000 $735,000 $0 2.69%
Sturgis, MI (FHA|USDA|VA) 7 $1,355,000 $193,571 $0 2.75%
Hillsdale, MI (FHA|USDA|VA) 8 $1,340,000 $167,500 $0 2.80%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $785,000 $157,000 $0 3.45%
Holland, MI (FHA|USDA|VA) 2 $320,000 $160,000 $0 3.13%
Big Rapids, MI (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.38%
Traverse City, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.75%
NILES, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.63%
Marshall Community Credit Union's top markets include Battle Creek, Coldwater, Kalamazoo, Lansing, and Jackson among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 846 $134,430,000 $158,901 $0 2.90%
    HELOC 2 $190,000 $95,000 n/a 5.25%

    For 2020, Marshall Community Credit Union's most frequently originated type of loan was Conventional, with 846 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 656 $106,350,000 $162,119 $0 2.86%
    Home Purchase 192 $28,270,000 $147,240 $0 3.07%

    For 2020, Marshall Community Credit Union's most frequently cited loan purpose was Refi, with 656 originations. The 2nd most popular reason was Home Purchase, with 192 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 383 $67,345,000 $175,836 $0 2.85%
    15 Year 224 $30,300,000 $135,268 $0 2.67%
    5 Year 81 $10,705,000 $132,160 $0 4.33%
    Other 62 $10,780,000 $173,871 $0 2.63%
    20 Year 52 $8,300,000 $159,615 $0 2.67%
    10 Year 44 $7,000,000 $159,091 $0 2.52%
    3 Year 2 $190,000 $95,000 $0 5.25%

    For 2020, Marshall Community Credit Union's most frequently cited loan duration was 30 Year, with 383 originations. The 2nd most popular length was 15 Year, with 224 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 738 $119,090,000 $161,369
    $<1k 90 $12,470,000 $138,556
    $2k-3k 1 $185,000 $185,000

    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 738 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 380 $61,270,000 $161,237
    2.5-3% 241 $43,755,000 $181,556
    3-4% 131 $21,245,000 $162,176
    4-5% 66 $6,690,000 $101,364
    5-6% 20 $1,320,000 $66,000
    6-7% 10 $340,000 $34,000

    During 2020, Marshall Community Credit Union's average interest rate for loans was 2.85%, while their most frequently originated rate bucket for loans was <2.5%, with 380 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 393 $55,915,000 $142,277 $0 2.75%
    $100,000 or less 237 $15,815,000 $66,730 $0 3.36%
    $200k-400k 196 $50,580,000 $258,061 $0 2.69%
    $400k-600k 20 $9,200,000 $460,000 $0 2.79%
    $1MM+ 2 $3,110,000 $1,555,000 $0 2.94%

    2020 saw Marshall Community Credit Union place emphasis on $100k-200k loans with 393 originations, totaling $55,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 209 $37,585,000 $179,833 $0 2.74%
    $50k-75k 198 $26,690,000 $134,798 $0 2.93%
    $50k or less 178 $17,710,000 $99,494 $0 3.19%
    $75k-100k 140 $21,350,000 $152,500 $0 3.03%
    $150k-250k 89 $18,675,000 $209,831 $0 2.64%
    $250k+ 34 $12,610,000 $370,882 $0 2.54%

    Marshall Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $50k-75k, with 198 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 289 $47,275,000 $163,581 $0 2.92%
    <20% 198 $29,800,000 $150,505 $0 2.69%
    30-36% 141 $23,305,000 $165,284 $0 2.97%
    39% 22 $3,570,000 $162,273 $0 2.85%
    37% 22 $3,220,000 $146,364 $0 3.03%
    40% 21 $3,315,000 $157,857 $0 3.14%
    41% 20 $2,890,000 $144,500 $0 2.78%
    36% 20 $3,810,000 $190,500 $0 2.84%
    38% 17 $2,805,000 $165,000 $0 2.90%
    45% 14 $2,680,000 $191,429 $0 2.83%
    46% 13 $2,195,000 $168,846 $0 3.19%
    43% 13 $1,695,000 $130,385 $0 2.69%
    >60% 12 $1,450,000 $120,833 $0 4.53%
    42% 12 $1,770,000 $147,500 $0 2.53%
    50-60% 11 $905,000 $82,273 $0 4.33%
    47% 9 $1,475,000 $163,889 $0 2.93%
    44% 8 $1,460,000 $182,500 $0 2.59%
    49% 4 $470,000 $117,500 $0 2.88%
    48% 2 $530,000 $265,000 $0 2.56%

    Marshall Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 289 originations. The next most common DTI ratio? <20%, with 198 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 825 $131,175,000 $159,000 $0 2.90%
    Asian 11 $1,275,000 $115,909 $0 2.45%
    Not provided 6 $1,040,000 $173,333 $0 4.83%
    Black 3 $795,000 $265,000 $0 3.71%
    American Indian 3 $335,000 $111,667 $0 2.75%

    Approval Rates

    Total approvals of all applications
    99.08%

    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
    98.82%

    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
    1006.05 1 $235,000 $235,000
    1006.8 1 $125,000 $125,000
    1007.6 1 $125,000 $125,000
    101.0 4 $670,000 $167,500
    1026.0 3 $295,000 $98,333
    1038.95 1 $165,000 $165,000
    1042.65 1 $175,000 $175,000
    1051.0 6 $580,000 $96,667
    1054.0 1 $225,000 $225,000
    1061.35 1 $145,000 $145,000
    1061.6 7 $925,000 $132,143
    1061.9 1 $285,000 $285,000
    1064.6 4 $320,000 $80,000
    1070.7 1 $165,000 $165,000
    1071.05 60 $7,800,000 $130,000
    1072.05 1 $75,000 $75,000
    1073.0 1 $265,000 $265,000
    1074.05 20 $2,690,000 $134,500
    1074.25 1 $325,000 $325,000
    1075.05 1 $165,000 $165,000
    1076.0 1 $85,000 $85,000
    1078.0 1 $105,000 $105,000
    1078.25 2 $220,000 $110,000
    1078.95 7 $1,005,000 $143,571
    1079.85 1 $55,000 $55,000
    1079.95 1 $105,000 $105,000
    1081.95 2 $220,000 $110,000
    1086.6 15 $2,085,000 $139,000
    1088.05 1 $325,000 $325,000
    1088.4 1 $155,000 $155,000
    1088.55 4 $480,000 $120,000
    1089.6 4 $400,000 $100,000
    1090.9 1 $235,000 $235,000
    1095.4 2 $370,000 $185,000
    1095.5 1 $445,000 $445,000
    1095.6 75 $14,165,000 $188,867
    1095.9 2 $710,000 $355,000
    1096.05 72 $10,160,000 $141,111
    1096.25 2 $290,000 $145,000
    1096.6 4 $720,000 $180,000
    1097.05 2 $510,000 $255,000
    1097.85 1 $175,000 $175,000
    1098.05 1 $45,000 $45,000
    1098.6 26 $5,000,000 $192,308
    1098.7 1 $145,000 $145,000
    1098.9 2 $300,000 $150,000
    1099.05 20 $3,070,000 $153,500
    1099.25 1 $145,000 $145,000
    1099.6 1 $65,000 $65,000
    1099.9 2 $350,000 $175,000
    11.0 1 $35,000 $35,000
    1100.05 3 $255,000 $85,000
    1101.6 2 $230,000 $115,000
    1101.85 2 $540,000 $270,000
    1102.05 2 $340,000 $170,000
    1102.25 1 $155,000 $155,000
    1103.25 3 $415,000 $138,333
    1103.95 11 $1,795,000 $163,182
    1104.4 1 $75,000 $75,000
    1104.75 1 $125,000 $125,000
    1104.85 6 $910,000 $151,667
    1104.95 1 $335,000 $335,000
    1106.25 2 $300,000 $150,000
    1106.95 4 $410,000 $102,500
    1107.2 1 $75,000 $75,000
    1107.4 1 $145,000 $145,000
    111.6 1 $25,000 $25,000
    1116.4 1 $125,000 $125,000
    1120.0 1 $285,000 $285,000
    1120.35 2 $430,000 $215,000
    1120.6 62 $11,950,000 $192,742
    1120.9 2 $240,000 $120,000
    1121.5 1 $315,000 $315,000
    1121.6 5 $945,000 $189,000
    1122.15 1 $135,000 $135,000
    1122.5 1 $145,000 $145,000
    1122.85 8 $1,030,000 $128,750
    1122.9 1 $105,000 $105,000
    1123.3 1 $65,000 $65,000
    1123.6 22 $3,550,000 $161,364
    1123.75 2 $350,000 $175,000
    1123.9 3 $565,000 $188,333
    1124.05 2 $380,000 $190,000
    1124.6 3 $575,000 $191,667
    1124.95 1 $75,000 $75,000
    1125.6 1 $135,000 $135,000
    1125.75 1 $125,000 $125,000
    1125.85 1 $145,000 $145,000
    1126.0 3 $895,000 $298,333
    1127.6 1 $145,000 $145,000
    1129.4 1 $255,000 $255,000
    112.95 1 $15,000 $15,000
    1129.85 1 $165,000 $165,000
    1132.4 1 $285,000 $285,000
    1133.8 1 $85,000 $85,000
    1136.6 1 $115,000 $115,000
    1138.55 1 $215,000 $215,000
    1141.1 1 $145,000 $145,000
    1141.6 1 $55,000 $55,000
    1146.5 1 $135,000 $135,000
    1147.65 1 $75,000 $75,000
    1149.05 3 $285,000 $95,000
    1151.0 1 $85,000 $85,000
    1154.0 1 $65,000 $65,000
    1159.2 1 $125,000 $125,000
    1165.65 1 $115,000 $115,000
    1173.6 1 $115,000 $115,000
    1174.05 1 $185,000 $185,000
    1178.95 1 $95,000 $95,000
    120.0 1 $235,000 $235,000
    121.05 2 $250,000 $125,000
    1211.6 1 $55,000 $55,000
    1221.05 2 $290,000 $145,000
    1224.05 2 $230,000 $115,000
    1231.95 1 $185,000 $185,000
    1236.6 3 $365,000 $121,667
    1238.55 1 $45,000 $45,000
    124.05 1 $75,000 $75,000
    1245.6 2 $650,000 $325,000
    1245.7 1 $215,000 $215,000
    1246.05 43 $6,435,000 $149,651
    1246.25 1 $265,000 $265,000
    1247.05 4 $530,000 $132,500
    1247.65 3 $255,000 $85,000
    1248.6 2 $320,000 $160,000
    1249.05 11 $1,265,000 $115,000
    1249.7 1 $35,000 $35,000
    1250.05 1 $265,000 $265,000
    1250.75 1 $155,000 $155,000
    1252.25 1 $135,000 $135,000
    1253.05 1 $55,000 $55,000
    1253.25 2 $310,000 $155,000
    1253.95 4 $1,860,000 $465,000
    1254.85 1 $155,000 $155,000
    1256.95 2 $350,000 $175,000
    1257.2 4 $260,000 $65,000
    1257.4 1 $85,000 $85,000
    125.75 1 $15,000 $15,000
    1258.8 1 $125,000 $125,000
    1260.2 4 $640,000 $160,000
    1260.4 1 $85,000 $85,000
    1262.75 1 $95,000 $95,000
    1264.4 1 $55,000 $55,000
    1267.4 2 $260,000 $130,000
    1270.57 1 $195,000 $195,000
    1270.6 41 $7,545,000 $184,024
    1270.9 2 $420,000 $210,000
    1271.6 2 $320,000 $160,000
    1273.6 10 $1,660,000 $166,000
    1273.9 1 $255,000 $255,000
    1274.6 1 $245,000 $245,000
    1276.8 1 $125,000 $125,000
    1279.4 3 $615,000 $205,000
    1279.6 1 $145,000 $145,000
    1279.7 1 $135,000 $135,000
    1282.4 3 $445,000 $148,333
    128.25 1 $195,000 $195,000
    128.95 1 $35,000 $35,000
    1290.85 1 $115,000 $115,000
    1298.75 1 $235,000 $235,000
    130.0 1 $15,000 $15,000
    1301.0 4 $710,000 $177,500
    1347.05 1 $255,000 $255,000
    1351.0 1 $145,000 $145,000
    138.5 1 $25,000 $25,000
    1398.95 1 $225,000 $225,000
    1436.6 4 $530,000 $132,500
    1446.05 1 $45,000 $45,000
    145.25 1 $25,000 $25,000
    1453.6 1 $425,000 $425,000
    1453.95 2 $540,000 $270,000
    145.6 4 $2,260,000 $565,000
    1456.95 1 $135,000 $135,000
    147.65 1 $75,000 $75,000
    148.6 1 $245,000 $245,000
    251.9 1 $225,000 $225,000
    2558.25 1 $185,000 $185,000
    2601.0 1 $185,000 $185,000
    271.0 1 $35,000 $35,000
    326.0 3 $635,000 $211,667
    329.0 3 $415,000 $138,333
    351.0 1 $175,000 $175,000
    361.6 1 $55,000 $55,000
    363.55 1 $5,000 $5,000
    365.0 1 $35,000 $35,000
    374.05 2 $360,000 $180,000
    381.95 2 $210,000 $105,000
    395.6 3 $855,000 $285,000
    395.9 1 $145,000 $145,000
    397.25 1 $75,000 $75,000
    398.6 3 $755,000 $251,667
    401.9 1 $255,000 $255,000
    423.6 1 $285,000 $285,000
    461.6 1 $65,000 $65,000
    611.6 1 $25,000 $25,000
    613.55 1 $15,000 $15,000
    625.05 1 $245,000 $245,000
    628.95 2 $70,000 $35,000
    630.85 1 $25,000 $25,000
    63.95 1 $275,000 $275,000
    646.6 1 $165,000 $165,000
    756.05 1 $105,000 $105,000
    76.0 16 $1,230,000 $76,875
    788.55 1 $55,000 $55,000
    79.0 5 $315,000 $63,000
    896.05 1 $155,000 $155,000
    906.05 1 $85,000 $85,000
    948.6 2 $410,000 $205,000
    949.6 1 $95,000 $95,000
    950.85 1 $135,000 $135,000
    951.0 1 $175,000 $175,000
    NA 11 $1,755,000 $159,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,180,000 $98,333
    Single Family (1-4 Units):Site-Built 836 $133,440,000 $159,617

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $4,500,000 $86,538 $0 3.18%
    40-60% 124 $19,180,000 $154,677 $0 2.59%
    60-80% 486 $82,840,000 $170,453 $0 2.84%
    80-100% 158 $27,280,000 $172,658 $0 2.92%
    Under 20% 28 $820,000 $29,286 $0 4.92%