Marshall Community Credit Union Mortgage Rates, Fees & Info
Marshall, MILEI: 5493004R1ELTGT9LUL33
Tax ID: 38-1444840
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Lansing, Coldwater, Kalamazoo, and Jackson among others. We have data for 17 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
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
557Origination Dollar Volume (All Markets)
$86,405,000Top 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) | 406 | $58,440,000 | $143,941 | $0 | 3.08% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 40 | $7,230,000 | $180,750 | $0 | 3.05% |
| Coldwater, MI (FHA|USDA|VA) | 39 | $5,815,000 | $149,103 | $0 | 3.04% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 19 | $4,565,000 | $240,263 | $0 | 2.85% |
| Outside of Metro Areas | 19 | $2,865,000 | $150,789 | $0 | 2.95% |
| JACKSON, MI (FHA|USDA|VA) | 8 | $1,800,000 | $225,000 | $0 | 2.61% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $0 | 2.90% |
| Hillsdale, MI (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $0 | 2.80% |
| Holland, MI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 3.46% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 2.88% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 2.81% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.25% |
| Adrian, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 2.56% |
| FLINT, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.50% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.25% |
| NILES, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.00% |
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: 120
Similarity Rank: 238
Similarity Rank: 300
Similarity Rank: 476
Similarity Rank: 672
Similarity Rank: 741
Similarity Rank: 756
Similarity Rank: 992
Similarity Rank: 1014
Similarity Rank: 1026
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 557 | $86,405,000 | $155,126 | $0 | 3.04% |
For 2021, Marshall Community Credit Union's most frequently originated type of loan was Conventional, with 557 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 413 | $60,255,000 | $145,896 | $0 | 3.00% |
| Home Purchase | 144 | $26,150,000 | $181,597 | $0 | 3.17% |
For 2021, Marshall Community Credit Union's most frequently cited loan purpose was Refi, with 413 originations. The 2nd most popular reason was Home Purchase, with 144 originations.
Loan Duration/Length
For 2021, Marshall Community Credit Union's most frequently cited loan duration was 30 Year, with 272 originations. The 2nd most popular length was 15 Year, with 129 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 480 | $75,080,000 | $156,417 |
| $<1k | 64 | $8,900,000 | $139,063 |
| $5k+ | 1 | $545,000 | $545,000 |
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 480 originations.
Interest Rates
During 2021, Marshall Community Credit Union's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 232 originations.
Loan Sizing
2021 saw Marshall Community Credit Union place emphasis on $100k-200k loans with 235 originations, totaling $33,415,000 in origination value.
Applicant Income
Marshall Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 139 originations. The second most popular income band? $50k or less, with 127 originations.
Applicant Debt to Income Ratio
Marshall Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? <20%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.65%
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 origination97.67%
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 |
|---|---|---|---|
| 1026.0 | 1 | $75,000 | $75,000 |
| 1037.6 | 1 | $15,000 | $15,000 |
| 1048.2 | 1 | $185,000 | $185,000 |
| 1051.0 | 4 | $530,000 | $132,500 |
| 1061.6 | 4 | $370,000 | $92,500 |
| 1062.6 | 3 | $235,000 | $78,333 |
| 1064.35 | 1 | $265,000 | $265,000 |
| 1064.6 | 1 | $335,000 | $335,000 |
| 1071.05 | 15 | $1,795,000 | $119,667 |
| 1072.05 | 12 | $1,320,000 | $110,000 |
| 1073.05 | 1 | $85,000 | $85,000 |
| 1074.05 | 1 | $155,000 | $155,000 |
| 1075.05 | 2 | $270,000 | $135,000 |
| 1078.95 | 7 | $815,000 | $116,429 |
| 1080.95 | 2 | $620,000 | $310,000 |
| 1081.95 | 1 | $55,000 | $55,000 |
| 1086.6 | 1 | $105,000 | $105,000 |
| 1087.6 | 1 | $255,000 | $255,000 |
| 1090.6 | 1 | $45,000 | $45,000 |
| 1095.55 | 1 | $65,000 | $65,000 |
| 1095.6 | 16 | $2,580,000 | $161,250 |
| 1096.05 | 18 | $2,150,000 | $119,444 |
| 1097.05 | 18 | $2,530,000 | $140,556 |
| 1097.6 | 13 | $1,915,000 | $147,308 |
| 1098.05 | 1 | $125,000 | $125,000 |
| 1098.2 | 1 | $35,000 | $35,000 |
| 1098.6 | 4 | $710,000 | $177,500 |
| 1099.05 | 8 | $1,230,000 | $153,750 |
| 11.0 | 2 | $130,000 | $65,000 |
| 1100.05 | 9 | $1,195,000 | $132,778 |
| 1100.6 | 2 | $580,000 | $290,000 |
| 1101.0 | 1 | $95,000 | $95,000 |
| 1101.05 | 2 | $630,000 | $315,000 |
| 1103.95 | 3 | $665,000 | $221,667 |
| 1105.0 | 1 | $35,000 | $35,000 |
| 1105.95 | 1 | $25,000 | $25,000 |
| 1106.25 | 1 | $65,000 | $65,000 |
| 1106.95 | 3 | $215,000 | $71,667 |
| 1107.05 | 1 | $215,000 | $215,000 |
| 1107.5 | 1 | $105,000 | $105,000 |
| 1107.6 | 1 | $385,000 | $385,000 |
| 1110.2 | 1 | $155,000 | $155,000 |
| 1111.2 | 1 | $155,000 | $155,000 |
| 1111.6 | 1 | $285,000 | $285,000 |
| 1115.85 | 1 | $185,000 | $185,000 |
| 1117.55 | 1 | $105,000 | $105,000 |
| 1120.6 | 11 | $2,215,000 | $201,364 |
| 1121.05 | 1 | $85,000 | $85,000 |
| 1121.6 | 2 | $580,000 | $290,000 |
| 1122.6 | 28 | $4,010,000 | $143,214 |
| 1122.9 | 1 | $85,000 | $85,000 |
| 1123.2 | 2 | $130,000 | $65,000 |
| 1123.6 | 5 | $845,000 | $169,000 |
| 1124.85 | 1 | $55,000 | $55,000 |
| 1125.0 | 1 | $455,000 | $455,000 |
| 1125.6 | 11 | $2,575,000 | $234,091 |
| 112.6 | 2 | $370,000 | $185,000 |
| 1126.0 | 1 | $105,000 | $105,000 |
| 1127.6 | 1 | $155,000 | $155,000 |
| 1128.45 | 1 | $75,000 | $75,000 |
| 1132.05 | 19 | $2,575,000 | $135,526 |
| 1132.65 | 1 | $85,000 | $85,000 |
| 1135.05 | 1 | $75,000 | $75,000 |
| 1138.4 | 1 | $215,000 | $215,000 |
| 1140.95 | 2 | $260,000 | $130,000 |
| 1147.0 | 1 | $445,000 | $445,000 |
| 1147.05 | 1 | $85,000 | $85,000 |
| 1147.6 | 9 | $1,325,000 | $147,222 |
| 1148.6 | 2 | $230,000 | $115,000 |
| 1151.0 | 4 | $430,000 | $107,500 |
| 1151.95 | 1 | $125,000 | $125,000 |
| 1157.05 | 31 | $4,865,000 | $156,935 |
| 1157.6 | 19 | $3,285,000 | $172,895 |
| 1158.05 | 1 | $95,000 | $95,000 |
| 1158.6 | 2 | $670,000 | $335,000 |
| 1159.2 | 1 | $55,000 | $55,000 |
| 1160.05 | 1 | $85,000 | $85,000 |
| 1162.2 | 1 | $25,000 | $25,000 |
| 1165.95 | 6 | $950,000 | $158,333 |
| 1166.0 | 1 | $115,000 | $115,000 |
| 1171.2 | 1 | $115,000 | $115,000 |
| 1178.6 | 1 | $145,000 | $145,000 |
| 1182.05 | 1 | $125,000 | $125,000 |
| 1182.6 | 27 | $4,405,000 | $163,148 |
| 1184.85 | 1 | $185,000 | $185,000 |
| 1185.6 | 2 | $70,000 | $35,000 |
| 1186.0 | 3 | $475,000 | $158,333 |
| 1186.6 | 1 | $35,000 | $35,000 |
| 1187.6 | 3 | $215,000 | $71,667 |
| 1192.25 | 1 | $265,000 | $265,000 |
| 1193.65 | 1 | $185,000 | $185,000 |
| 1197.05 | 2 | $200,000 | $100,000 |
| 1199.65 | 1 | $105,000 | $105,000 |
| 1202.55 | 1 | $265,000 | $265,000 |
| 1203.1 | 1 | $95,000 | $95,000 |
| 1211.0 | 2 | $300,000 | $150,000 |
| 1211.6 | 1 | $25,000 | $25,000 |
| 1212.6 | 1 | $65,000 | $65,000 |
| 1222.6 | 3 | $205,000 | $68,333 |
| 1225.05 | 2 | $390,000 | $195,000 |
| 1225.6 | 1 | $125,000 | $125,000 |
| 1232.35 | 1 | $125,000 | $125,000 |
| 1236.6 | 2 | $170,000 | $85,000 |
| 1237.55 | 1 | $125,000 | $125,000 |
| 1239.6 | 1 | $185,000 | $185,000 |
| 124.05 | 1 | $195,000 | $195,000 |
| 1240.6 | 2 | $660,000 | $330,000 |
| 1246.05 | 7 | $895,000 | $127,857 |
| 1247.05 | 11 | $1,625,000 | $147,727 |
| 1247.35 | 1 | $375,000 | $375,000 |
| 1247.6 | 2 | $670,000 | $335,000 |
| 1249.05 | 2 | $280,000 | $140,000 |
| 1250.6 | 1 | $215,000 | $215,000 |
| 1250.75 | 1 | $95,000 | $95,000 |
| 1252.05 | 1 | $105,000 | $105,000 |
| 1253.95 | 2 | $230,000 | $115,000 |
| 1260.2 | 3 | $445,000 | $148,333 |
| 1263.4 | 1 | $255,000 | $255,000 |
| 1270.6 | 5 | $1,355,000 | $271,000 |
| 1272.6 | 13 | $2,895,000 | $222,692 |
| 1273.6 | 1 | $215,000 | $215,000 |
| 1275.6 | 2 | $460,000 | $230,000 |
| 1276.6 | 1 | $465,000 | $465,000 |
| 1282.4 | 1 | $355,000 | $355,000 |
| 1284.4 | 1 | $185,000 | $185,000 |
| 1293.1 | 1 | $115,000 | $115,000 |
| 1297.6 | 1 | $75,000 | $75,000 |
| 1301.0 | 3 | $615,000 | $205,000 |
| 1307.05 | 5 | $765,000 | $153,000 |
| 1310.05 | 1 | $75,000 | $75,000 |
| 1315.95 | 1 | $125,000 | $125,000 |
| 1327.2 | 1 | $185,000 | $185,000 |
| 1332.6 | 3 | $525,000 | $175,000 |
| 1353.1 | 1 | $135,000 | $135,000 |
| 136.6 | 1 | $245,000 | $245,000 |
| 1372.05 | 1 | $185,000 | $185,000 |
| 1375.05 | 1 | $375,000 | $375,000 |
| 1397.6 | 1 | $175,000 | $175,000 |
| 1400.6 | 1 | $325,000 | $325,000 |
| 1436.6 | 1 | $65,000 | $65,000 |
| 147.6 | 2 | $440,000 | $220,000 |
| 148.6 | 1 | $155,000 | $155,000 |
| 1542.05 | 1 | $105,000 | $105,000 |
| 172.6 | 1 | $25,000 | $25,000 |
| 173.6 | 1 | $205,000 | $205,000 |
| 17570.1 | 1 | $545,000 | $545,000 |
| 20.0 | 1 | $325,000 | $325,000 |
| 315.95 | 1 | $35,000 | $35,000 |
| 322.6 | 1 | $25,000 | $25,000 |
| 342.25 | 1 | $45,000 | $45,000 |
| 351.0 | 2 | $450,000 | $225,000 |
| 36.0 | 1 | $235,000 | $235,000 |
| 361.6 | 1 | $55,000 | $55,000 |
| 362.6 | 1 | $45,000 | $45,000 |
| 365.0 | 1 | $25,000 | $25,000 |
| 371.05 | 1 | $275,000 | $275,000 |
| 375.0 | 1 | $295,000 | $295,000 |
| 375.05 | 1 | $165,000 | $165,000 |
| 378.95 | 1 | $35,000 | $35,000 |
| 386.0 | 2 | $420,000 | $210,000 |
| 397.05 | 1 | $35,000 | $35,000 |
| 405.95 | 1 | $65,000 | $65,000 |
| 411.6 | 1 | $235,000 | $235,000 |
| 422.6 | 1 | $165,000 | $165,000 |
| 425.6 | 1 | $325,000 | $325,000 |
| 429.95 | 1 | $285,000 | $285,000 |
| 432.05 | 1 | $145,000 | $145,000 |
| 437.6 | 1 | $135,000 | $135,000 |
| 451.0 | 1 | $515,000 | $515,000 |
| 465.95 | 1 | $105,000 | $105,000 |
| 482.6 | 1 | $265,000 | $265,000 |
| 512.6 | 1 | $65,000 | $65,000 |
| 630.95 | 1 | $25,000 | $25,000 |
| 65.0 | 4 | $430,000 | $107,500 |
| 65.95 | 1 | $155,000 | $155,000 |
| 672.6 | 2 | $70,000 | $35,000 |
| 72.9 | 1 | $405,000 | $405,000 |
| 755.95 | 1 | $45,000 | $45,000 |
| 757.05 | 1 | $285,000 | $285,000 |
| 76.0 | 5 | $405,000 | $81,000 |
| 782.6 | 1 | $85,000 | $85,000 |
| 811.0 | 1 | $105,000 | $105,000 |
| 830.95 | 1 | $175,000 | $175,000 |
| 851.0 | 1 | $285,000 | $285,000 |
| 875.6 | 1 | $85,000 | $85,000 |
| 885.2 | 1 | $155,000 | $155,000 |
| 90.0 | 1 | $85,000 | $85,000 |
| 919.95 | 2 | $210,000 | $105,000 |
| 950.05 | 1 | $135,000 | $135,000 |
| NA | 6 | $630,000 | $105,000 |