Mycumortgage Rates, Fees & Info

BEAVERCREEK, OH

LEI: 5493006HFDG31YJ3MM36

Tax ID: 31-1690008

4.7 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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

1,167

Origination Dollar Volume (All Markets)

$170,765,000
Show all (16) awards

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%
EspaƱola, 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 applications
96.72%

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 origination
86.79%

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%