Mycumortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Mycumortgage is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: Cleveland, Columbus, Akron, Cincinnati, and Canton among others. We have data for 111 markets. (Some data included below & more in-depth data is available with an active subscription.)Mycumortgage 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. Mycumortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 | 6.99% | 12/4/23 |
| 30 Year Conventional Refi | 6.82% | 12/4/23 |
| 30 Year Cash-out Refi | 7.17% | 12/4/23 |
| 30 Year FHA Purchase | 7.40% | 12/4/23 |
| 30 Year FHA Refi | 6.83% | 12/4/23 |
| 30 Year VA Purchase | 6.34% | 12/4/23 |
| 30 Year USDA Purchase | 6.87% | 12/4/23 |
| 15 Year Conventional Purchase | 6.16% | 12/4/23 |
| 15 Year Conventional Refi | 6.24% | 12/4/23 |
| 15 Year Cash-out Refi | 6.24% | 12/4/23 |
| 15 Year FHA Purchase | 7.14% | 12/4/23 |
| 15 Year VA Purchase | 5.68% | 12/4/23 |
| 15 Year VA Refi | 6.58% | 12/4/23 |
| 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. | ||
Mycumortgage Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
732Origination Dollar Volume (All Markets)
$112,820,000Awards
MYCUMORTGAGE - 2022
MYCUMORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Mycumortgage's average 30 year fixed mortgage rate was
4.97%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.21%.
Relative Fees (Closing Costs)
Mycumortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,240.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 89 | $12,205,000 | $137,135 | $3,864 | 4.60% |
| Outside of Metro Areas | 56 | $8,440,000 | $150,714 | $4,749 | 4.81% |
| COLUMBUS, OH (FHA|USDA|VA) | 33 | $7,505,000 | $227,424 | $6,507 | 4.89% |
| AKRON, OH (FHA|USDA|VA) | 40 | $5,390,000 | $134,750 | $4,299 | 4.81% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 38 | $5,340,000 | $140,526 | $4,258 | 4.35% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 38 | $4,870,000 | $128,158 | $5,049 | 4.90% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 20 | $4,580,000 | $229,000 | $7,884 | 4.69% |
| HARRISONBURG, VA (FHA|USDA|VA) | 15 | $3,385,000 | $225,667 | $6,811 | 4.40% |
| LOUISVILLE, KY (FHA|USDA|VA) | 17 | $3,165,000 | $186,176 | $5,190 | 4.73% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 21 | $2,985,000 | $142,143 | $5,457 | 4.67% |
| STAUNTON, VA (FHA|USDA|VA) | 13 | $2,875,000 | $221,154 | $6,954 | 5.61% |
| MUNCIE, IN (FHA|USDA|VA) | 24 | $2,640,000 | $110,000 | $3,672 | 4.95% |
| Richmond, IN (FHA|USDA|VA) | 26 | $2,600,000 | $100,000 | $3,241 | 5.11% |
| LIMA, OH (FHA|USDA|VA) | 15 | $2,075,000 | $138,333 | $5,298 | 4.70% |
| Portsmouth, OH (FHA|USDA|VA) | 13 | $1,945,000 | $149,615 | $5,969 | 4.74% |
| Ashtabula, OH (FHA|USDA|VA) | 14 | $1,800,000 | $128,571 | $4,306 | 5.25% |
| Greenwood, SC (FHA|USDA|VA) | 17 | $1,795,000 | $105,588 | $4,057 | 4.09% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 11 | $1,655,000 | $150,455 | $5,584 | 4.83% |
| New Castle, IN (FHA|USDA|VA) | 17 | $1,625,000 | $95,588 | $3,539 | 4.80% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 12 | $1,580,000 | $131,667 | $5,164 | 5.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $5,846 | 4.56% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 10 | $1,410,000 | $141,000 | $5,751 | 4.56% |
| BATON ROUGE, LA (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $6,553 | 6.19% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 10 | $1,370,000 | $137,000 | $3,591 | 4.84% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $1,290,000 | $161,250 | $3,946 | 5.05% |
| MORRISTOWN, TN (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $4,790 | 3.72% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $3,520 | 5.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $11,316 | 3.35% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,684 | 5.96% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $11,274 | 5.38% |
| Sandusky, OH (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $6,988 | 5.66% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $8,732 | 5.06% |
| FLINT, MI (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,810 | 4.55% |
| Lock Haven, PA (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,109 | 5.31% |
| Wooster, OH (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $3,451 | 4.65% |
| CHARLESTON, WV (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $4,706 | 5.43% |
| Newport, TN (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $4,145 | 4.09% |
| Chillicothe, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,062 | 5.46% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,231 | 4.31% |
| Marietta, OH (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,324 | 4.54% |
| COLUMBUS, IN (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,855 | 4.42% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $4,645 | 6.03% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,220 | 6.00% |
| Salem, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,925 | 4.88% |
| DECATUR, IL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $6,692 | 4.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,563 | 4.19% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,373 | 5.96% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,748 | 5.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,194 | 3.38% |
| SALEM, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,558 | 5.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,193 | 5.00% |
| Ashland, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,190 | 3.88% |
| Defiance, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,080 | 5.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,941 | 5.88% |
| Celina, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,877 | 3.25% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,139 | 4.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $4,453 | 4.71% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,486 | 5.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,414 | 5.56% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,746 | 4.56% |
| Findlay, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,531 | 5.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,534 | 4.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,715 | 5.31% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,813 | 5.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,533 | 3.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,395 | 5.69% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,574 | 4.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,420 | 4.31% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,026 | 4.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,205 | 6.13% |
| Mayfield, KY (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,909 | 3.75% |
| Concord, NH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,863 | 4.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,762 | 4.50% |
| Greenville, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,311 | 6.13% |
| Murray, KY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,570 | 4.56% |
| Sidney, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,383 | 2.38% |
| Burley, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,873 | 3.38% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,386 | 5.06% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,669 | 3.38% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,134 | 5.50% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,988 | 4.63% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,172 | 6.13% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,867 | 3.88% |
| Marion, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,172 | 6.63% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,578 | 6.88% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,775 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,765 | 5.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,720 | 5.88% |
| Houghton, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,389 | 4.50% |
| Somerset, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,882 | 7.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,637 | 5.50% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,002 | 4.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,524 | 2.75% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,666 | 6.13% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,314 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,559 | 6.13% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,014 | 5.50% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,081 | 5.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,644 | 3.38% |
| DuBois, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,616 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,378 | 3.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,890 | 3.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,510 | 5.88% |
| Ruston, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,183 | 3.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,015 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,997 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,813 | 4.99% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,180 | 4.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,571 | 3.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,859 | 5.50% |
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Product Mix
For 2022, Mycumortgage's most frequently originated type of loan was Conventional, with 374 originations. Their 2nd most popular type was FHA, with 320 originations.
Loan Reason
For 2022, Mycumortgage's most frequently cited loan purpose was Home Purchase, with 550 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.
Loan Duration/Length
For 2022, Mycumortgage's most frequently cited loan duration was 30 Year, with 616 originations. The 2nd most popular length was 15 Year, with 77 originations.
Origination Fees/Closing Costs
Mycumortgage's average total fees were $5,240, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.
Interest Rates
During 2022, Mycumortgage's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 217 originations.
Loan Sizing
2022 saw Mycumortgage place emphasis on $100k-200k loans with 361 originations, totaling $51,775,000 in origination value.
Applicant Income
Mycumortgage lent most frequently to those with incomes in the $50k or less range, with 248 originations. The second most popular income band? $50k-75k, with 221 originations.
Applicant Debt to Income Ratio
Mycumortgage lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.74%
Mycumortgage has an average approval rate.
Pick Rate
Approvals leading to origination72.54%
Mycumortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 732 | $112,820,000 | $154,126 |