Mycumortgage Rates, Fees & Info
BEAVERCREEK, OHLEI: 5493006HFDG31YJ3MM36
Tax ID: 31-1690008
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Overview
Mycumortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Mycumortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Cincinnati, Akron, Cleveland, Columbus, and Canton among others. Mycumortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mycumortgage is typically an average fee lendor.Originations
1,167Origination Dollar Volume (All Markets)
$170,765,000Awards
MYCUMORTGAGE - 2021
MYCUMORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mycumortgage 's average 30 year fixed rate mortgage of loans were
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.02%.
Relative Fees
Mycumortgage 's average total fees for a 30 year fixed rate
mortgage are $5,084.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 101 | $14,665,000 | $145,198 | $3,665 | 2.95% |
| AKRON, OH (FHA|USDA|VA) | 82 | $11,340,000 | $138,293 | $3,883 | 2.98% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 74 | $9,730,000 | $131,486 | $4,762 | 3.09% |
| COLUMBUS, OH (FHA|USDA|VA) | 57 | $9,495,000 | $166,579 | $4,430 | 2.97% |
| Outside of Metro Areas | 57 | $7,265,000 | $127,456 | $4,396 | 3.02% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 50 | $6,660,000 | $133,200 | $5,625 | 2.97% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 45 | $6,365,000 | $141,444 | $4,027 | 2.99% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 30 | $6,200,000 | $206,667 | $4,345 | 3.09% |
| HARRISONBURG, VA (FHA|USDA|VA) | 28 | $5,680,000 | $202,857 | $6,200 | 3.16% |
| MUNCIE, IN (FHA|USDA|VA) | 39 | $4,255,000 | $109,103 | $3,265 | 3.10% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 31 | $4,085,000 | $131,774 | $5,081 | 3.12% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 23 | $3,775,000 | $164,130 | $3,642 | 3.18% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 28 | $3,490,000 | $124,643 | $5,066 | 2.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 21 | $3,405,000 | $162,143 | $6,484 | 2.84% |
| STAUNTON, VA (FHA|USDA|VA) | 20 | $3,380,000 | $169,000 | $5,516 | 3.06% |
| LIMA, OH (FHA|USDA|VA) | 27 | $3,255,000 | $120,556 | $4,792 | 3.00% |
| RICHMOND, VA (FHA|USDA|VA) | 14 | $3,150,000 | $225,000 | $7,071 | 2.93% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 22 | $2,970,000 | $135,000 | $4,689 | 2.97% |
| Portsmouth, OH (FHA|USDA|VA) | 19 | $2,755,000 | $145,000 | $5,681 | 2.95% |
| Ashtabula, OH (FHA|USDA|VA) | 23 | $2,705,000 | $117,609 | $4,648 | 3.19% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 17 | $2,605,000 | $153,235 | $6,098 | 3.03% |
| Greenwood, SC (FHA|USDA|VA) | 17 | $2,255,000 | $132,647 | $4,489 | 3.14% |
| KNOXVILLE, TN (FHA|USDA|VA) | 10 | $2,000,000 | $200,000 | $6,475 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $6,185 | 3.00% |
| Sandusky, OH (FHA|USDA|VA) | 15 | $1,705,000 | $113,667 | $4,736 | 2.87% |
| Richmond, IN (FHA|USDA|VA) | 13 | $1,595,000 | $122,692 | $3,488 | 2.99% |
| COLUMBUS, IN (FHA|USDA|VA) | 10 | $1,560,000 | $156,000 | $2,809 | 3.14% |
| New Castle, IN (FHA|USDA|VA) | 17 | $1,465,000 | $86,176 | $3,269 | 2.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $12,185 | 2.96% |
| Celina, OH (FHA|USDA|VA) | 11 | $1,265,000 | $115,000 | $4,819 | 2.93% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 10 | $1,230,000 | $123,000 | $5,075 | 3.19% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 9 | $1,215,000 | $135,000 | $4,645 | 4.58% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $4,160 | 3.15% |
| MORRISTOWN, TN (FHA|USDA|VA) | 9 | $1,175,000 | $130,556 | $4,170 | 2.94% |
| Paducah, KY-IL (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $4,482 | 3.00% |
| Hobbs, NM (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $4,491 | 3.03% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $8,606 | 3.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $5,158 | 3.08% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $6,099 | 3.05% |
| Murray, KY (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $5,297 | 2.93% |
| Findlay, OH (FHA|USDA|VA) | 7 | $885,000 | $126,429 | $4,912 | 3.09% |
| DECATUR, IL (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $3,383 | 3.05% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $6,406 | 2.93% |
| Lock Haven, PA (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $5,714 | 2.90% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,412 | 3.20% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,753 | 3.46% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $4,284 | 2.94% |
| Chillicothe, OH (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $4,950 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $4,755 | 3.02% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,553 | 3.08% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $3,858 | 2.95% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,933 | 2.56% |
| Defiance, OH (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $4,812 | 2.98% |
| SALEM, OR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,229 | 3.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,105 | 3.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,059 | 3.29% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,746 | 3.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,734 | 3.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,834 | 2.75% |
| DuBois, PA (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $4,870 | 2.94% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,568 | 3.00% |
| Marietta, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,320 | 3.29% |
| Newport, TN (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $3,506 | 2.70% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,044 | 3.25% |
| Van Wert, OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,172 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,703 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $12,923 | 2.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,621 | 3.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,031 | 2.88% |
| Salem, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,522 | 2.94% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $4,023 | 2.96% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,073 | 3.13% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,762 | 2.96% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,988 | 2.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,681 | 3.38% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,397 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,113 | 2.81% |
| Kendallville, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,077 | 3.19% |
| BEND, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,409 | 2.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,069 | 3.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,808 | 2.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,361 | 2.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,898 | 2.70% |
| Wooster, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,036 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,886 | 2.69% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,732 | 2.88% |
| Greenville, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,887 | 3.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,906 | 2.75% |
| Jackson, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,170 | 3.63% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,395 | 3.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,992 | 4.25% |
| Ashland, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,451 | 3.75% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,297 | 2.63% |
| Española, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,614 | 2.25% |
| Fremont, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,486 | 2.81% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,243 | 3.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,165 | 2.63% |
| Sidney, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,418 | 3.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,593 | 2.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,295 | 2.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,432 | 3.31% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,023 | 2.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,104 | 2.75% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,669 | 3.00% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,866 | 2.75% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,861 | 3.13% |
| Houghton, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,550 | 2.75% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,568 | 2.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,454 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,839 | 2.63% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,809 | 2.75% |
| Mayfield, KY (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,017 | 2.94% |
| Bedford, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,590 | 3.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,280 | 3.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,408 | 3.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,245 | 2.88% |
| Marquette, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,144 | 2.63% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,501 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,265 | 3.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,851 | 2.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,449 | 3.25% |
| Picayune, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,581 | 2.63% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,215 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,515 | 2.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,458 | 3.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,533 | 3.63% |
| Madison, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,706 | 3.00% |
Mycumortgage 's top markets include Cincinnati, Akron, Cleveland, Columbus, and Canton among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 555 | $78,545,000 | $141,523 | $3,493 | 3.11% |
| FHA | 545 | $81,595,000 | $149,716 | $5,821 | 2.96% |
| VA | 53 | $8,945,000 | $168,774 | $4,485 | 2.77% |
| USDA | 14 | $1,680,000 | $120,000 | $5,086 | 2.85% |
For the 2021 period, Mycumortgage 's most frequently originated loan type of loans were Conventional, with 555 originations. Their 2nd most popular type is FHA, with 545 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 680 | $103,150,000 | $151,691 | $5,317 | 3.05% |
| Cash Out Refi | 268 | $39,190,000 | $146,231 | $3,972 | 3.13% |
| Refi | 169 | $22,015,000 | $130,266 | $3,275 | 2.74% |
| Other | 34 | $4,420,000 | $130,000 | $3,330 | 3.01% |
| Home Improvement | 16 | $1,990,000 | $124,375 | $4,615 | 3.14% |
For the 2021, Mycumortgage 's most frequently cited loan purpose of loans were Home Purchase, with 680 originations. The 2nd most popular reason of loans were Cash Out Refi, with 268 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 874 | $134,870,000 | $154,314 | $5,084 | 3.13% |
| 15 Year | 190 | $23,740,000 | $124,947 | $3,448 | 2.67% |
| 20 Year | 54 | $7,290,000 | $135,000 | $3,202 | 3.06% |
| 10 Year | 49 | $4,865,000 | $99,286 | $3,035 | 2.48% |
For the 2021, Mycumortgage 's most frequently cited loan length of loans were 30 Year, with 874 originations. The 2nd most popular length of loans were 15 Year, with 190 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 565 | $84,925,000 | $150,310 |
| $1k-2k | 403 | $46,495,000 | $115,372 |
| $2k-3k | 149 | $26,225,000 | $176,007 |
| $3k-4k | 47 | $12,285,000 | $261,383 |
| $5k+ | 3 | $835,000 | $278,333 |
$5,084 of loans were Mycumortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 565 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 574 | $83,560,000 | $145,575 |
| 3-4% | 417 | $65,145,000 | $156,223 |
| <2.5% | 141 | $17,275,000 | $122,518 |
| 4-5% | 32 | $4,560,000 | $142,500 |
| 5-6% | 3 | $225,000 | $75,000 |
During 2021, Mycumortgage 's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 574 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 566 | $80,990,000 | $143,092 | $4,668 | 3.03% |
| $100,000 or less | 364 | $26,390,000 | $72,500 | $3,557 | 2.97% |
| $200k-400k | 223 | $56,565,000 | $253,655 | $6,175 | 3.08% |
| $400k-600k | 13 | $6,205,000 | $477,308 | $6,960 | 3.14% |
| $600k-1MM | 1 | $615,000 | $615,000 | $16,070 | 2.88% |
2021 saw Mycumortgage place emphasis on $100k-200k loans with 566 originations, totaling $80,990,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 423 | $45,695,000 | $108,026 | $4,465 | 3.02% |
| $50k-75k | 335 | $48,215,000 | $143,925 | $4,708 | 3.01% |
| $75k-100k | 214 | $35,900,000 | $167,757 | $4,628 | 3.05% |
| $100k-150k | 139 | $27,805,000 | $200,036 | $5,129 | 3.02% |
| $150k-250k | 47 | $10,945,000 | $232,872 | $4,448 | 3.08% |
| $250k+ | 4 | $1,470,000 | $367,500 | $6,662 | 2.56% |
Mycumortgage lent most frequently to those with incomes in the $50k or less range, with 423 originations. The second most popular income band? $50k-75k, with 335 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 239 | $32,035,000 | $134,038 | $4,070 | 2.98% |
| 30-36% | 227 | $34,275,000 | $150,991 | $4,566 | 3.08% |
| <20% | 90 | $10,310,000 | $114,556 | $3,608 | 2.86% |
| 50-60% | 78 | $12,730,000 | $163,205 | $5,763 | 2.92% |
| 38% | 50 | $7,530,000 | $150,600 | $4,810 | 2.96% |
| 37% | 48 | $6,090,000 | $126,875 | $4,650 | 3.15% |
| 41% | 47 | $6,995,000 | $148,830 | $4,817 | 3.03% |
| 40% | 45 | $7,015,000 | $155,889 | $4,888 | 3.10% |
| 42% | 43 | $6,845,000 | $159,186 | $5,447 | 3.02% |
| 44% | 40 | $6,940,000 | $173,500 | $5,020 | 3.14% |
| 43% | 38 | $5,350,000 | $140,789 | $4,761 | 3.01% |
| 39% | 34 | $5,300,000 | $155,882 | $4,789 | 3.06% |
| 47% | 34 | $4,860,000 | $142,941 | $5,097 | 3.01% |
| 36% | 31 | $4,505,000 | $145,323 | $4,644 | 2.98% |
| 46% | 29 | $4,125,000 | $142,241 | $4,959 | 3.05% |
| 45% | 24 | $4,390,000 | $182,917 | $5,571 | 3.03% |
| 48% | 23 | $4,495,000 | $195,435 | $5,094 | 3.02% |
| 49% | 22 | $3,150,000 | $143,182 | $4,826 | 3.02% |
| >60% | 11 | $1,675,000 | $152,273 | $2,763 | 2.88% |
Mycumortgage lent most frequently to those with DTI ratios of 20-30%, with 239 originations. The next most common DTI ratio? 30-36%, with 227 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 917 | $134,115,000 | $146,254 | $4,571 | 3.03% |
| Not provided | 122 | $18,520,000 | $151,803 | $4,555 | 3.07% |
| Black | 116 | $16,470,000 | $141,983 | $5,336 | 2.98% |
| Asian | 5 | $945,000 | $189,000 | $5,012 | 2.95% |
| American Indian | 4 | $470,000 | $117,500 | $4,255 | 2.81% |
| Other Pacific Islander | 1 | $145,000 | $145,000 | $5,849 | 2.88% |
| Native Hawaiian | 1 | $55,000 | $55,000 | $2,051 | 2.38% |
| Filipino | 1 | $45,000 | $45,000 | $3,619 | 2.88% |
Approval Rates
Total approvals of all applications96.72%
Mycumortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.79%
Mycumortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,167 | $170,765,000 | $146,328 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,167 | $170,765,000 | $146,328 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 51 | $4,175,000 | $81,863 | $2,955 | 2.72% |
| 40-60% | 128 | $14,710,000 | $114,922 | $3,363 | 2.80% |
| 60-80% | 278 | $41,490,000 | $149,245 | $3,982 | 3.09% |
| 80-100% | 698 | $107,990,000 | $154,713 | $5,251 | 3.05% |
| Over 100% | 10 | $2,320,000 | $232,000 | $6,130 | 3.80% |
| Under 20% | 2 | $80,000 | $40,000 | $2,625 | 3.19% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MCCUE MORTGAGE COMPANY, THE | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
