Mycumortgage Rates, Fees & Info

BEAVERCREEK, OH

LEI: 5493006HFDG31YJ3MM36

Tax ID: 31-1690008

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

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  • Product Mix
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  • Complaints
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  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
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  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Dayton, Cincinnati, Columbus, Canton, and Cleveland among others. We have data for 138 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 an above average pick rate when compared to similar lenders. Mycumortgage is typically a low 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.

    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% 4/14/24
    30 Year Conventional Refi 6.82% 4/14/24
    30 Year Cash-out Refi 7.17% 4/14/24
    30 Year FHA Purchase 7.40% 4/14/24
    30 Year FHA Refi 6.83% 4/14/24
    30 Year VA Purchase 6.34% 4/14/24
    30 Year USDA Purchase 6.87% 4/14/24
    15 Year Conventional Purchase 6.16% 4/14/24
    15 Year Conventional Refi 6.24% 4/14/24
    15 Year Cash-out Refi 6.24% 4/14/24
    15 Year FHA Purchase 7.14% 4/14/24
    15 Year VA Purchase 5.68% 4/14/24
    15 Year VA Refi 6.58% 4/14/24
    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

    1,659

    Origination Dollar Volume (All Markets)

    $207,415,000
    Show all (41) awards

    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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 388 $43,560,000 $112,268 $4,029 4.41%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 105 $15,315,000 $145,857 $4,732 4.51%
    COLUMBUS, OH (FHA|USDA|VA) 97 $13,545,000 $139,639 $4,747 4.49%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 88 $9,580,000 $108,864 $4,061 4.51%
    Outside of Metro Areas 75 $8,415,000 $112,200 $4,258 4.57%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 74 $7,590,000 $102,568 $4,052 4.78%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 41 $6,855,000 $167,195 $8,407 4.37%
    SPRINGFIELD, OH (FHA|USDA|VA) 62 $6,380,000 $102,903 $3,891 4.35%
    AKRON, OH (FHA|USDA|VA) 61 $6,075,000 $99,590 $3,666 4.61%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 47 $5,755,000 $122,447 $4,680 4.55%
    MEDFORD, OR (FHA|USDA|VA) 17 $3,715,000 $218,529 $6,805 4.36%
    STAUNTON, VA (FHA|USDA|VA) 22 $3,690,000 $167,727 $5,266 4.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 34 $3,580,000 $105,294 $4,338 4.42%
    LIMA, OH (FHA|USDA|VA) 35 $3,425,000 $97,857 $4,074 4.43%
    HARRISONBURG, VA (FHA|USDA|VA) 18 $3,280,000 $182,222 $5,601 4.61%
    KNOXVILLE, TN (FHA|USDA|VA) 22 $3,270,000 $148,636 $5,057 4.56%
    LOUISVILLE, KY (FHA|USDA|VA) 23 $3,185,000 $138,478 $4,334 4.40%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 22 $2,600,000 $118,182 $3,702 4.44%
    Portsmouth, OH (FHA|USDA|VA) 27 $2,535,000 $93,889 $3,778 4.56%
    Wilmington, OH (FHA|USDA|VA) 18 $2,430,000 $135,000 $4,350 4.24%
    YUMA, AZ (FHA|USDA|VA) 14 $1,880,000 $134,286 $6,622 4.38%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 10 $1,570,000 $157,000 $5,642 4.59%
    FLINT, MI (FHA|USDA|VA) 12 $1,520,000 $126,667 $4,427 4.63%
    TOLEDO, OH (FHA|USDA|VA) 14 $1,460,000 $104,286 $3,841 4.83%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,405,000 $200,714 $6,526 4.68%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,345,000 $149,444 $5,796 4.33%
    Ashtabula, OH (FHA|USDA|VA) 15 $1,325,000 $88,333 $4,001 4.94%
    WILLIAMSPORT, PA (FHA|USDA|VA) 11 $1,325,000 $120,455 $4,489 4.53%
    Brookings, OR (FHA|USDA|VA) 6 $1,310,000 $218,333 $6,838 4.29%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,925 4.45%
    CHARLESTON, WV (FHA|USDA|VA) 10 $1,180,000 $118,000 $4,557 4.83%
    Kalispell, MT (FHA|USDA|VA) 5 $1,095,000 $219,000 $6,601 4.40%
    GRANTS PASS, OR (FHA|USDA|VA) 5 $1,085,000 $217,000 $7,381 4.25%
    Celina, OH (FHA|USDA|VA) 8 $1,020,000 $127,500 $4,766 4.67%
    Crescent City, CA (FHA|USDA|VA) 5 $1,015,000 $203,000 $6,409 4.45%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 5 $955,000 $191,000 $6,776 4.18%
    WORCESTER, MA-CT (FHA|USDA|VA) 5 $905,000 $181,000 $5,704 4.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $900,000 $150,000 $5,899 4.44%
    Urbana, OH (FHA|USDA|VA) 8 $890,000 $111,250 $4,145 4.34%
    Sandusky, OH (FHA|USDA|VA) 10 $840,000 $84,000 $3,971 4.25%
    Klamath Falls, OR (FHA|USDA|VA) 4 $830,000 $207,500 $5,201 4.34%
    Defiance, OH (FHA|USDA|VA) 7 $785,000 $112,143 $4,170 4.41%
    SALEM, OR (FHA|USDA|VA) 3 $745,000 $248,333 $8,395 4.29%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $735,000 $245,000 $9,516 4.46%
    Chillicothe, OH (FHA|USDA|VA) 6 $700,000 $116,667 $3,454 4.71%
    MORRISTOWN, TN (FHA|USDA|VA) 7 $665,000 $95,000 $3,459 4.73%
    RICHMOND, VA (FHA|USDA|VA) 3 $665,000 $221,667 $6,159 4.54%
    New Castle, IN (FHA|USDA|VA) 10 $660,000 $66,000 $3,629 4.44%
    MUNCIE, IN (FHA|USDA|VA) 5 $655,000 $131,000 $4,755 4.85%
    JOHNSON CITY, TN (FHA|USDA|VA) 5 $615,000 $123,000 $4,487 5.18%
    Findlay, OH (FHA|USDA|VA) 5 $615,000 $123,000 $4,787 4.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $580,000 $145,000 $6,251 4.88%
    Sidney, OH (FHA|USDA|VA) 5 $575,000 $115,000 $4,243 4.73%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $535,000 $107,000 $4,293 4.68%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $535,000 $178,333 $6,400 4.92%
    Roseburg, OR (FHA|USDA|VA) 3 $515,000 $171,667 $6,056 4.29%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $460,000 $230,000 $7,827 4.81%
    ROCKFORD, IL (FHA|USDA|VA) 4 $460,000 $115,000 $4,724 4.69%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $4,315 4.88%
    COLUMBUS, IN (FHA|USDA|VA) 4 $450,000 $112,500 $3,878 4.91%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $440,000 $220,000 $4,093 5.19%
    Richmond, IN (FHA|USDA|VA) 6 $440,000 $73,333 $3,102 4.65%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $435,000 $145,000 $5,163 4.29%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $400,000 $100,000 $4,480 4.47%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $395,000 $395,000 $7,702 5.00%
    Greenville, OH (FHA|USDA|VA) 4 $370,000 $92,500 $3,824 4.47%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $360,000 $180,000 $4,106 4.63%
    Salem, OH (FHA|USDA|VA) 2 $360,000 $180,000 $5,984 4.75%
    Van Wert, OH (FHA|USDA|VA) 3 $345,000 $115,000 $4,609 4.67%
    Bellefontaine, OH (FHA|USDA|VA) 3 $345,000 $115,000 $4,264 4.54%
    OWENSBORO, KY (FHA|USDA|VA) 2 $340,000 $170,000 $5,253 4.44%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $6,612 5.38%
    Zanesville, OH (FHA|USDA|VA) 3 $325,000 $108,333 $4,765 4.50%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $320,000 $160,000 $3,261 5.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $315,000 $105,000 $4,229 4.46%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $305,000 $101,667 $3,999 4.21%
    Wooster, OH (FHA|USDA|VA) 2 $300,000 $150,000 $5,229 4.69%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $3,823 5.13%
    ALEXANDRIA, LA (FHA|USDA|VA) 2 $280,000 $140,000 $5,696 4.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $275,000 $275,000 $13,305 4.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $265,000 $265,000 $3,096 4.88%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $265,000 $265,000 $2,817 4.38%
    Sevierville, TN (FHA|USDA|VA) 2 $260,000 $130,000 $5,365 4.75%
    CORVALLIS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $7,634 4.63%
    Maysville, KY (FHA|USDA|VA) 2 $240,000 $120,000 $3,192 4.69%
    Mount Vernon, OH (FHA|USDA|VA) 2 $240,000 $120,000 $4,615 4.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $230,000 $115,000 $4,500 4.81%
    Houghton, MI (FHA|USDA|VA) 2 $230,000 $115,000 $5,870 4.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $230,000 $115,000 $3,694 4.81%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,552 4.88%
    CLEVELAND, TN (FHA|USDA|VA) 1 $225,000 $225,000 $6,192 4.63%
    Newport, TN (FHA|USDA|VA) 2 $220,000 $110,000 $4,700 3.88%
    Paducah, KY-IL (FHA|USDA|VA) 2 $220,000 $110,000 $4,081 4.56%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,093 4.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $215,000 $215,000 $8,813 4.00%
    SAGINAW, MI (FHA|USDA|VA) 2 $210,000 $105,000 $3,863 4.19%
    Campbellsville, KY (FHA|USDA|VA) 2 $210,000 $105,000 $2,105 4.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $205,000 $205,000 $5,795 5.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $205,000 $205,000 $9,101 4.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,293 4.50%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $190,000 $95,000 $5,158 4.38%
    FORT WAYNE, IN (FHA|USDA|VA) 3 $185,000 $61,667 $3,944 4.04%
    Bardstown, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,735 5.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $7,201 4.75%
    MISSOULA, MT (FHA|USDA|VA) 1 $175,000 $175,000 $5,122 4.25%
    Huntington, IN (FHA|USDA|VA) 2 $170,000 $85,000 $4,428 4.06%
    Gillette, WY (FHA|USDA|VA) 1 $165,000 $165,000 $6,979 4.38%
    Wapakoneta, OH (FHA|USDA|VA) 2 $160,000 $80,000 $3,842 4.00%
    Coos Bay, OR (FHA|USDA|VA) 1 $155,000 $155,000 $5,439 4.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,095 4.25%
    Fremont, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,173 4.38%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $155,000 $155,000 $4,888 4.38%
    Norwalk, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,099 4.25%
    Mount Sterling, KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,694 4.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $7,457 3.88%
    Marietta, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,022 4.88%
    MANSFIELD, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,974 4.13%
    Beaver Dam, WI (FHA|USDA|VA) 1 $135,000 $135,000 $4,150 4.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,465 5.25%
    Ashland, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,958 4.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,577 4.25%
    Natchitoches, LA (FHA|USDA|VA) 1 $115,000 $115,000 $5,149 4.50%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,291 4.75%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 2 $110,000 $55,000 $3,438 4.56%
    TULSA, OK (FHA|USDA|VA) 1 $105,000 $105,000 $5,078 4.25%
    KOKOMO, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,674 5.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,480 4.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,713 5.38%
    READING, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,079 4.50%
    Marion, OH (FHA|USDA|VA) 1 $85,000 $85,000 $3,743 4.25%
    Minden, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,750 5.00%
    COLUMBIA, SC (FHA|USDA|VA) 1 $75,000 $75,000 $4,905 4.38%
    Paris, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,573 4.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $65,000 $65,000 $3,772 5.13%
    Athens, OH (FHA|USDA|VA) 1 $55,000 $55,000 $3,305 4.25%
    Jasper, IN (FHA|USDA|VA) 1 $45,000 $45,000 $3,134 4.63%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $35,000 $35,000 $3,224 4.50%
    BECKLEY, WV (FHA|USDA|VA) 1 $25,000 $25,000 $2,166 4.75%
    Mycumortgage's top markets include Dayton, Cincinnati, Columbus, Canton, and Cleveland among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Illinois (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.

    Cleveland Selfreliance FCU
    Similarity Rank: 15
    UNITED
    Similarity Rank: 28
    A. E. A. Federal Credit Union
    Similarity Rank: 30
    Town Square Bank
    Similarity Rank: 30
    Home Federal Savings and Loan Association of Niles
    Similarity Rank: 32
    FIRESTONE
    Similarity Rank: 32
    HORIZON Federal Credit Union
    Similarity Rank: 40
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 84
    Dort Financial Credit Union
    Similarity Rank: 85
    Liberty Bank for Savings
    Similarity Rank: 104

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 1,209 $150,185,000 $124,222 $4,853 4.42%
    Conventional 300 $34,630,000 $115,433 $3,439 4.91%
    VA 100 $16,670,000 $166,700 $3,988 4.42%
    USDA 50 $5,930,000 $118,600 $4,446 4.31%

    For 2018, Mycumortgage's most frequently originated type of loan was FHA, with 1,209 originations. Their 2nd most popular type was Conventional, with 300 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,433 $181,695,000 $126,793 $4,617 4.49%
    Other 95 $9,215,000 $97,000 $3,718 4.62%
    Cash Out Refi 86 $11,090,000 $128,953 $4,477 4.55%
    Refi 40 $4,780,000 $119,500 $3,690 4.55%
    Home Improvement 5 $635,000 $127,000 $4,139 4.98%

    For 2018, Mycumortgage's most frequently cited loan purpose was Home Purchase, with 1,433 originations. The 2nd most popular reason was Other, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,547 $197,145,000 $127,437 $4,625 4.51%
    15 Year 77 $6,995,000 $90,844 $3,494 4.43%
    20 Year 14 $1,450,000 $103,571 $3,296 4.85%
    10 Year 13 $1,015,000 $78,077 $3,375 4.20%
    Other 8 $810,000 $101,250 $559 3.67%

    For 2018, Mycumortgage's most frequently cited loan duration was 30 Year, with 1,547 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,152 $144,600,000 $125,521
    $1k-2k 319 $31,165,000 $97,696
    $2k-3k 138 $21,420,000 $155,217
    $3k-4k 35 $6,965,000 $199,000
    $4k-5k 9 $2,415,000 $268,333
    $5k+ 2 $510,000 $255,000

    Mycumortgage's average total fees were $4,625, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,152 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,346 $171,140,000 $127,147
    3-4% 188 $22,980,000 $122,234
    5-6% 117 $12,725,000 $108,761
    6-7% 8 $570,000 $71,250

    During 2018, Mycumortgage's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 1,346 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 783 $109,975,000 $140,453 $4,866 4.49%
    $100,000 or less 682 $49,070,000 $71,950 $3,455 4.51%
    $200k-400k 191 $47,055,000 $246,361 $7,038 4.50%
    $400k-600k 3 $1,315,000 $438,333 $4,915 4.71%

    2018 saw Mycumortgage place emphasis on $100k-200k loans with 783 originations, totaling $109,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 724 $67,650,000 $93,439 $3,950 4.48%
    $50k-75k 550 $74,880,000 $136,145 $4,764 4.51%
    $75k-100k 229 $35,685,000 $155,830 $5,301 4.48%
    $100k-150k 127 $23,695,000 $186,575 $5,498 4.59%
    $150k-250k 24 $4,510,000 $187,917 $4,587 4.61%
    $250k+ 4 $930,000 $232,500 $4,383 5.06%

    Mycumortgage lent most frequently to those with incomes in the $50k or less range, with 724 originations. The second most popular income band? $50k-75k, with 550 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 316 $38,250,000 $121,044 $4,355 4.52%
    20-30% 284 $31,560,000 $111,127 $4,262 4.47%
    50-60% 181 $26,685,000 $147,431 $5,479 4.45%
    44% 76 $10,390,000 $136,711 $4,788 4.49%
    40% 75 $9,745,000 $129,933 $4,531 4.52%
    <20% 69 $5,645,000 $81,812 $3,308 4.50%
    45% 62 $7,690,000 $124,032 $4,424 4.59%
    47% 60 $7,640,000 $127,333 $4,633 4.48%
    38% 59 $7,115,000 $120,593 $4,232 4.52%
    48% 59 $8,295,000 $140,593 $4,858 4.44%
    42% 58 $7,380,000 $127,241 $4,547 4.50%
    39% 58 $7,580,000 $130,690 $4,694 4.46%
    43% 55 $7,515,000 $136,636 $4,384 4.59%
    37% 51 $6,405,000 $125,588 $4,570 4.49%
    41% 50 $5,850,000 $117,000 $4,427 4.51%
    49% 49 $6,275,000 $128,061 $4,845 4.50%
    46% 48 $7,020,000 $146,250 $5,105 4.53%
    36% 47 $6,005,000 $127,766 $4,285 4.61%
    >60% 2 $370,000 $185,000 $4,844 4.50%

    Mycumortgage lent most frequently to those with DTI ratios of 30-36%, with 316 originations. The next most common DTI ratio? 20-30%, with 284 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,283 $160,535,000 $125,125 $4,547 4.50%
    Not provided 171 $21,725,000 $127,047 $4,576 4.49%
    Black 179 $21,495,000 $120,084 $4,355 4.54%
    Asian 10 $1,760,000 $176,000 $5,964 4.48%
    American Indian 11 $1,515,000 $137,727 $4,540 4.65%
    Native Hawaiian or Islander 4 $290,000 $72,500 $3,315 4.44%
    Other Asian 1 $95,000 $95,000 $4,413 4.00%

    Approval Rates

    Total approvals of all applications
    96.46%

    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
    91.44%

    Mycumortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,659 $207,415,000 $125,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 54 $6,360,000 $117,778
    Single Family (1-4 Units):Site-Built 1,605 $201,055,000 $125,268

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,005,000 $67,000 $3,290 4.31%
    40-60% 48 $3,970,000 $82,708 $3,363 4.56%
    60-80% 223 $23,935,000 $107,332 $3,783 4.74%
    80-100% 1,353 $175,135,000 $129,442 $4,711 4.47%
    Over 100% 12 $2,560,000 $213,333 $7,184 4.29%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MCS MORTGAGE BANKERS, INC. Conventional home mortgage Trouble during payment process 1 100.0%