Greenstone Farm Credit Services Aca Mortgage Rates, Fees & Info
East Lansing, MILEI: 5493005GVJZOXIAH3M79
Tax ID: 38-1348208
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Greenstone Farm Credit Services Aca is a smaller mortgage company specializing in Other and Home Improvement loans. Greenstone Farm Credit Services Aca has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Grand Rapids, Kalamazoo, Cadillac, and Muskegon among others. We have data for 8 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
26Origination Dollar Volume (All Markets)
$1,360,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 7 | $315,000 | $45,000 | $906 | 6.11% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $885 | 4.94% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $305,000 | $43,571 | $605 | 5.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,903 | 3.60% |
| Cadillac, MI (FHA|USDA|VA) | 3 | $55,000 | $18,333 | $733 | 5.78% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $505 | 4.35% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $758 | 4.50% |
| Shawano, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $133 | 3.90% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $1,360,000 | $52,308 | $788 | 5.30% |
For 2022, Greenstone Farm Credit Services Aca's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 19 | $845,000 | $44,474 | $733 | 5.53% |
| Home Improvement | 5 | $425,000 | $85,000 | $993 | 4.32% |
| Refi | 2 | $90,000 | $45,000 | $807 | 5.58% |
For 2022, Greenstone Farm Credit Services Aca's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
For 2022, Greenstone Farm Credit Services Aca's most frequently cited loan duration was 10 Year, with 12 originations. The 2nd most popular length was Other, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 26 | $1,360,000 | $52,308 |
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 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 9 | $455,000 | $50,556 |
| 3-4% | 5 | $395,000 | $79,000 |
| 5-6% | 5 | $225,000 | $45,000 |
| 7-8% | 5 | $175,000 | $35,000 |
| 6-7% | 2 | $110,000 | $55,000 |
During 2022, 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 9 originations.
Loan Sizing
2022 saw Greenstone Farm Credit Services Aca place emphasis on $100,000 or less loans with 24 originations, totaling $1,010,000 in origination value.
Applicant Income
Greenstone Farm Credit Services Aca lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Greenstone Farm Credit Services Aca lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? <20%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $865,000 | $45,526 | $762 | 5.37% |
| Not provided | 7 | $495,000 | $70,714 | $861 | 5.12% |
Approval Rates
Total approvals of all applications91.67%
Greenstone Farm Credit Services Aca has an average approval rate.
Pick Rate
Approvals leading to origination76.92%
Greenstone Farm Credit Services Aca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 26 | $1,360,000 | $52,308 |