Greenstone Farm Credit Services Aca Mortgage Rates, Fees & Info

East Lansing, MI

LEI: 5493005GVJZOXIAH3M79

Tax ID: 38-1348208

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Greenstone Farm Credit Services Aca is a smaller mortgage company specializing in Other loans. Greenstone Farm Credit Services Aca has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Traverse City, Alpena, Detroit, and Grand Rapids among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenstone Farm Credit Services Aca has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    42

    Origination Dollar Volume (All Markets)

    $2,100,000

    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
    Outside of Metro Areas 11 $785,000 $71,364 $875 4.09%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $265,000 $29,444 $610 4.29%
    Traverse City, MI (FHA|USDA|VA) 3 $205,000 $68,333 $440 3.43%
    Alpena, MI (FHA|USDA|VA) 1 $155,000 $155,000 $10 2.20%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $80,000 $40,000 $787 3.52%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $80,000 $40,000 $891 3.20%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $75,000 $75,000 $877 4.00%
    Shawano, WI (FHA|USDA|VA) 2 $70,000 $35,000 $270 4.48%
    JACKSON, MI (FHA|USDA|VA) 2 $60,000 $30,000 $492 4.25%
    FLINT, MI (FHA|USDA|VA) 1 $55,000 $55,000 $1,576 4.50%
    GREEN BAY, WI (FHA|USDA|VA) 1 $45,000 $45,000 $440 4.80%
    Marinette, WI-MI (FHA|USDA|VA) 1 $45,000 $45,000 $271 5.65%
    MONROE, MI (FHA|USDA|VA) 1 $45,000 $45,000 $346 4.39%
    Holland, MI (FHA|USDA|VA) 1 $35,000 $35,000 $273 4.66%
    SAGINAW, MI (FHA|USDA|VA) 1 $35,000 $35,000 $491 2.95%
    Adrian, MI (FHA|USDA|VA) 1 $25,000 $25,000 $287 5.05%
    Hillsdale, MI (FHA|USDA|VA) 1 $25,000 $25,000 $371 4.70%
    NILES, MI (FHA|USDA|VA) 1 $15,000 $15,000 $260 3.35%
    Greenstone Farm Credit Services Aca's top markets include Lansing, Traverse City, Alpena, Detroit, and Grand Rapids among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $2,100,000 $50,000 $632 4.07%

    For 2020, Greenstone Farm Credit Services Aca's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 31 $1,275,000 $41,129 $511 3.95%
    Home Improvement 7 $285,000 $40,714 $650 4.59%
    Refi 3 $135,000 $45,000 $478 4.77%
    Home Purchase 1 $405,000 $405,000 $4,504 2.25%

    For 2020, Greenstone Farm Credit Services Aca's most frequently cited loan purpose was Other, with 31 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 18 $910,000 $50,556 $688 3.92%
    Other 18 $1,030,000 $57,222 $636 4.30%
    5 Year 6 $160,000 $26,667 $465 3.86%

    For 2020, Greenstone Farm Credit Services Aca's most frequently cited loan duration was 10 Year, with 18 originations. The 2nd most popular length was Other, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 41 $1,695,000 $41,341
    $2k-3k 1 $405,000 $405,000

    Greenstone Farm Credit Services Aca's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 19 $675,000 $35,526
    3-4% 11 $495,000 $45,000
    2.5-3% 5 $205,000 $41,000
    5-6% 4 $120,000 $30,000
    <2.5% 2 $560,000 $280,000
    6-7% 1 $45,000 $45,000

    During 2020, Greenstone Farm Credit Services Aca's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $1,540,000 $38,500 $547 4.17%
    $100k-200k 1 $155,000 $155,000 $10 2.20%
    $400k-600k 1 $405,000 $405,000 $4,504 2.25%

    2020 saw Greenstone Farm Credit Services Aca place emphasis on $100,000 or less loans with 40 originations, totaling $1,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $680,000 $68,000 $707 3.87%
    $150k-250k 8 $400,000 $50,000 $816 4.01%
    $100k-150k 7 $225,000 $32,143 $718 3.72%
    $75k-100k 7 $205,000 $29,286 $521 4.75%
    $50k-75k 5 $155,000 $31,000 $655 4.57%
    $250k+ 4 $390,000 $97,500 $212 3.35%

    Greenstone Farm Credit Services Aca lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $615,000 $36,176 $533 4.24%
    <20% 8 $900,000 $112,500 $1,004 3.54%
    39% 6 $200,000 $33,333 $534 4.38%
    30-36% 5 $175,000 $35,000 $732 3.80%
    36% 2 $90,000 $45,000 $694 4.93%
    38% 2 $30,000 $15,000 $185 3.93%
    42% 1 $65,000 $65,000 $658 4.00%
    37% 1 $25,000 $25,000 $458 3.79%

    Greenstone Farm Credit Services Aca lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $1,230,000 $41,000 $586 4.23%
    Not provided 11 $825,000 $75,000 $786 3.58%
    Not applicable 1 $45,000 $45,000 $440 4.80%

    Approval Rates

    Total approvals of all applications
    96.49%

    Greenstone Farm Credit Services Aca 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
    71.43%

    Greenstone Farm Credit Services Aca has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 42 $2,100,000 $50,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 40 $2,030,000 $50,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $385,000 $42,778 $641 4.33%
    60-80% 2 $450,000 $225,000 $2,804 4.38%
    80-100% 11 $385,000 $35,000 $718 3.82%
    Over 100% 8 $320,000 $40,000 $450 4.42%
    Under 20% 9 $395,000 $43,889 $263 3.98%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GreenSky, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%