Mycumortgage Rates, Fees & Info

BEAVERCREEK, OH

LEI: 5493006HFDG31YJ3MM36

Tax ID: 31-1690008

5 stars - Updated: 5/13/24 - out of 5 stars, based on 17 reviews

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

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Mortgage Data

Review & Overview

Mycumortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Mycumortgage has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Youngstown, Lima, Cincinnati, Columbus, and Dayton among others. We have data for 76 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 relatively high 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 6.99% 5/13/24
30 Year Conventional Refi 6.82% 5/13/24
30 Year Cash-out Refi 7.17% 5/13/24
30 Year FHA Purchase 7.40% 5/13/24
30 Year FHA Refi 6.83% 5/13/24
30 Year VA Purchase 6.34% 5/13/24
30 Year USDA Purchase 6.87% 5/13/24
15 Year Conventional Purchase 6.16% 5/13/24
15 Year Conventional Refi 6.24% 5/13/24
15 Year Cash-out Refi 6.24% 5/13/24
15 Year FHA Purchase 7.14% 5/13/24
15 Year VA Purchase 5.68% 5/13/24
15 Year VA Refi 6.58% 5/13/24
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.

Mycumortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mycumortgage. 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

305

Origination Dollar Volume (All Markets)

$51,325,000
Show all (5) awards

Relative Rate

Mycumortgage's average 30 year fixed mortgage rate was 7.04%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.56%.

Relative Fees (Closing Costs)

Mycumortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,415.

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 $9,089.

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 32 $4,480,000 $140,000 $5,140 6.95%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 16 $3,110,000 $194,375 $7,747 7.01%
LIMA, OH (FHA|USDA|VA) 18 $3,050,000 $169,444 $7,103 6.82%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 15 $2,475,000 $165,000 $5,004 7.25%
COLUMBUS, OH (FHA|USDA|VA) 12 $2,280,000 $190,000 $7,258 6.84%
DAYTON-KETTERING, OH (FHA|USDA|VA) 15 $2,265,000 $151,000 $5,767 6.93%
CANTON-MASSILLON, OH (FHA|USDA|VA) 16 $2,120,000 $132,500 $5,620 6.98%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 13 $2,065,000 $158,846 $6,582 7.06%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $1,660,000 $166,000 $5,129 7.08%
LOUISVILLE, KY (FHA|USDA|VA) 7 $1,605,000 $229,286 $3,177 6.56%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,570,000 $196,250 $9,276 7.13%
STAUNTON, VA (FHA|USDA|VA) 5 $1,365,000 $273,000 $9,392 6.80%
AKRON, OH (FHA|USDA|VA) 9 $1,355,000 $150,556 $5,466 7.24%
Portsmouth, OH (FHA|USDA|VA) 7 $1,155,000 $165,000 $6,535 6.86%
Findlay, OH (FHA|USDA|VA) 7 $1,005,000 $143,571 $6,020 6.91%
Sandusky, OH (FHA|USDA|VA) 7 $955,000 $136,429 $5,375 7.04%
Richmond, IN (FHA|USDA|VA) 6 $800,000 $133,333 $4,849 7.83%
DECATUR, IL (FHA|USDA|VA) 7 $785,000 $112,143 $4,797 7.02%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $685,000 $685,000 $19,482 7.13%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $680,000 $340,000 $11,790 7.06%
FLINT, MI (FHA|USDA|VA) 5 $635,000 $127,000 $5,492 7.08%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $610,000 $152,500 $6,101 7.25%
Ashtabula, OH (FHA|USDA|VA) 3 $605,000 $201,667 $6,220 8.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $590,000 $295,000 $6,479 7.50%
HARRISONBURG, VA (FHA|USDA|VA) 3 $585,000 $195,000 $6,004 7.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $580,000 $290,000 $12,146 7.19%
Zanesville, OH (FHA|USDA|VA) 3 $515,000 $171,667 $7,773 6.67%
MUNCIE, IN (FHA|USDA|VA) 5 $475,000 $95,000 $3,083 7.40%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $465,000 $465,000 $14,922 7.00%
Wapakoneta, OH (FHA|USDA|VA) 3 $465,000 $155,000 $5,904 6.58%
WILLIAMSPORT, PA (FHA|USDA|VA) 3 $425,000 $141,667 $5,937 6.33%
Greenwood, SC (FHA|USDA|VA) 3 $415,000 $138,333 $4,375 5.45%
BECKLEY, WV (FHA|USDA|VA) 2 $410,000 $205,000 $9,691 5.88%
NILES, MI (FHA|USDA|VA) 2 $390,000 $195,000 $9,750 7.25%
Paducah, KY-IL (FHA|USDA|VA) 2 $390,000 $195,000 $7,608 7.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $385,000 $385,000 $11,032 7.13%
COLUMBUS, IN (FHA|USDA|VA) 2 $370,000 $185,000 $4,603 6.94%
SALEM, OR (FHA|USDA|VA) 1 $365,000 $365,000 $12,157 6.63%
RICHMOND, VA (FHA|USDA|VA) 2 $360,000 $180,000 $6,824 7.63%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $340,000 $170,000 $6,623 6.88%
Lock Haven, PA (FHA|USDA|VA) 2 $300,000 $150,000 $6,320 6.69%
Celina, OH (FHA|USDA|VA) 2 $290,000 $145,000 $5,556 6.94%
Ardmore, OK (FHA|USDA|VA) 1 $275,000 $275,000 $10,990 7.63%
Roseburg, OR (FHA|USDA|VA) 1 $265,000 $265,000 $11,466 7.63%
Newport, TN (FHA|USDA|VA) 1 $265,000 $265,000 $6,271 8.13%
Salem, OH (FHA|USDA|VA) 1 $255,000 $255,000 $8,552 6.63%
Marietta, OH (FHA|USDA|VA) 1 $255,000 $255,000 $11,557 6.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $250,000 $125,000 $6,157 6.69%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $8,014 7.13%
TOLEDO, OH (FHA|USDA|VA) 1 $245,000 $245,000 $9,349 6.13%
Warsaw, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,815 7.50%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,887 7.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $225,000 $225,000 $7,839 6.63%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $7,564 7.13%
Cleveland, MS (FHA|USDA|VA) 1 $215,000 $215,000 $7,937 7.63%
Jackson, OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,589 6.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $195,000 $195,000 $7,351 7.13%
WILMINGTON, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,934 8.25%
Lewisburg, PA (FHA|USDA|VA) 1 $175,000 $175,000 $6,620 6.63%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $175,000 $175,000 $7,966 7.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $4,226 8.00%
New Castle, IN (FHA|USDA|VA) 2 $160,000 $80,000 $3,238 7.69%
SAGINAW, MI (FHA|USDA|VA) 1 $155,000 $155,000 $7,074 7.63%
Norwalk, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,323 7.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $135,000 $135,000 $8,495 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $125,000 $125,000 $4,441 8.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,215 6.63%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,409 6.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,526 7.63%
Sidney, OH (FHA|USDA|VA) 1 $105,000 $105,000 $5,777 6.50%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $95,000 $95,000 $3,432 7.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $4,135 6.63%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $65,000 $65,000 $3,573 6.13%
Maysville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $4,935 6.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $65,000 $65,000 $4,031 6.63%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,980 8.63%
Mycumortgage's top markets include Youngstown, Lima, Cincinnati, Columbus, and Dayton among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MYCUMORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRESTONE
    Similarity Rank: 9
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 12
    Huntington Federal Savings Bank
    Similarity Rank: 15
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 69
    DUPONT COMMUNITY
    Similarity Rank: 77
    The Ohio Valley Bank Company
    Similarity Rank: 120
    DESCO
    Similarity Rank: 150
    Jersey Shore State Bank
    Similarity Rank: 156

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 220 $38,570,000 $175,318 $7,167 6.92%
    Conventional 81 $12,095,000 $149,321 $3,790 7.25%
    VA 3 $585,000 $195,000 $8,029 7.63%
    USDA 1 $75,000 $75,000 $4,154 7.13%

    For 2023, Mycumortgage's most frequently originated type of loan was FHA, with 220 originations. Their 2nd most popular type was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 260 $44,720,000 $172,000 $6,503 7.01%
    Cash Out Refi 37 $5,555,000 $150,135 $4,827 7.11%
    Refi 8 $1,050,000 $131,250 $5,326 6.86%

    For 2023, Mycumortgage's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 288 $49,580,000 $172,153 $6,415 7.04%
    15 Year 9 $775,000 $86,111 $3,846 6.78%
    20 Year 5 $555,000 $111,000 $3,947 6.80%
    10 Year 3 $415,000 $138,333 $3,427 6.28%

    For 2023, Mycumortgage's most frequently cited loan duration was 30 Year, with 288 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 172 $23,910,000 $139,012
    $1k-2k 85 $15,045,000 $177,000
    $2k-3k 26 $6,770,000 $260,385
    $3k-4k 17 $4,325,000 $254,412
    $4k-5k 4 $1,100,000 $275,000
    $5k+ 1 $175,000 $175,000

    Mycumortgage's average total fees were $6,415, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 147 $24,545,000 $166,973
    6-7% 122 $20,340,000 $166,721
    5-6% 17 $3,305,000 $194,412
    Over 8% 17 $2,775,000 $163,235
    4-5% 2 $360,000 $180,000

    During 2023, Mycumortgage's average interest rate for loans was 7.04%, while their most frequently originated rate bucket for loans was 7-8%, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 145 $21,575,000 $148,793 $5,873 6.97%
    $200k-400k 93 $23,765,000 $255,538 $8,232 7.01%
    $100,000 or less 64 $4,410,000 $68,906 $4,017 7.15%
    $400k-600k 2 $890,000 $445,000 $9,169 6.48%
    $600k-1MM 1 $685,000 $685,000 $19,482 7.13%

    2023 saw Mycumortgage place emphasis on $100k-200k loans with 145 originations, totaling $21,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 106 $16,620,000 $156,792 $6,233 7.00%
    $50k or less 71 $7,025,000 $98,944 $4,682 7.06%
    $75k-100k 62 $11,990,000 $193,387 $6,835 6.95%
    $100k-150k 51 $11,215,000 $219,902 $7,296 7.09%
    $150k-250k 13 $4,175,000 $321,154 $9,028 6.93%
    $250k+ 2 $300,000 $150,000 $2,888 7.38%

    Mycumortgage lent most frequently to those with incomes in the $50k-75k range, with 106 originations. The second most popular income band? $50k or less, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 53 $8,145,000 $153,679 $5,982 7.02%
    50-60% 51 $9,735,000 $190,882 $7,827 7.04%
    20-30% 46 $6,190,000 $134,565 $4,730 7.01%
    43% 21 $3,185,000 $151,667 $6,164 7.03%
    44% 15 $2,645,000 $176,333 $6,422 6.70%
    45% 13 $3,005,000 $231,154 $8,060 7.20%
    48% 12 $2,460,000 $205,000 $7,476 7.02%
    49% 12 $3,080,000 $256,667 $7,352 6.99%
    42% 11 $1,895,000 $172,273 $6,711 6.98%
    36% 11 $1,665,000 $151,364 $5,639 7.00%
    37% 10 $1,730,000 $173,000 $5,078 7.16%
    41% 9 $1,705,000 $189,444 $6,699 6.93%
    39% 9 $1,535,000 $170,556 $5,492 6.90%
    47% 9 $1,585,000 $176,111 $6,066 7.05%
    <20% 7 $495,000 $70,714 $3,680 7.21%
    40% 6 $780,000 $130,000 $5,177 7.50%
    46% 5 $865,000 $173,000 $6,834 6.85%
    38% 4 $540,000 $135,000 $6,108 6.97%
    >60% 1 $85,000 $85,000 $3,432 5.63%

    Mycumortgage lent most frequently to those with DTI ratios of 30-36%, with 53 originations. The next most common DTI ratio? 50-60%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 225 $38,405,000 $170,689 $6,253 6.98%
    Not provided 43 $7,485,000 $174,070 $6,319 7.11%
    Black 34 $4,780,000 $140,588 $6,108 7.08%
    American Indian 3 $655,000 $218,333 $8,601 7.46%

    Approval Rates

    Total approvals of all applications
    92.68%

    Mycumortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.25%

    Mycumortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 305 $51,325,000 $168,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    305 $51,325,000 $168,279

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $595,000 $66,111 $3,708 7.06%
    40-60% 16 $1,690,000 $105,625 $3,628 7.40%
    60-80% 27 $4,635,000 $171,667 $4,923 7.09%
    80-100% 252 $44,060,000 $174,841 $6,638 6.98%
    Over 100% 1 $345,000 $345,000 $15,103 7.63%