Marine Mortgage Rates, Fees & Info
La Crosse, WILEI: 5493007DIB8YPDM6NR52
Tax ID: 39-0827305
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Mortgage Data
Review & Overview
Marine is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Marine has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Green Bay, Des Moines, Fond Du Lac, and Madison among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)Marine has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Marine 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 7.57% | 11/21/24 |
| 15 Year Conventional Refi | 7.64% | 11/21/24 |
| 15 Year Cash-out Refi | 7.64% | 11/21/24 |
| 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. | ||
Marine Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,115Origination Dollar Volume (All Markets)
$128,315,000Relative Rate
Marine's average 30 year fixed mortgage rate was
8.95%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.47%.
Relative Fees (Closing Costs)
Marine's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,480.
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 | 198 | $20,500,000 | $103,535 | $3,431 | 9.30% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 144 | $17,870,000 | $124,097 | $3,964 | 8.91% |
| GREEN BAY, WI (FHA|USDA|VA) | 72 | $10,270,000 | $142,639 | $4,479 | 9.32% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 93 | $10,165,000 | $109,301 | $3,552 | 9.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 104 | $9,540,000 | $91,731 | $2,872 | 9.36% |
| MADISON, WI (FHA|USDA|VA) | 44 | $7,710,000 | $175,227 | $4,936 | 8.34% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 48 | $5,530,000 | $115,208 | $3,393 | 9.34% |
| APPLETON, WI (FHA|USDA|VA) | 36 | $5,260,000 | $146,111 | $4,178 | 9.17% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 41 | $4,195,000 | $102,317 | $2,492 | 8.55% |
| RACINE, WI (FHA|USDA|VA) | 26 | $3,770,000 | $145,000 | $4,015 | 8.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 37 | $3,555,000 | $96,081 | $3,286 | 9.72% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 21 | $2,605,000 | $124,048 | $3,863 | 9.16% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 26 | $2,590,000 | $99,615 | $4,039 | 9.78% |
| ROCHESTER, MN (FHA|USDA|VA) | 20 | $2,540,000 | $127,000 | $3,995 | 8.81% |
| Beaver Dam, WI (FHA|USDA|VA) | 19 | $2,065,000 | $108,684 | $2,697 | 8.52% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 14 | $1,920,000 | $137,143 | $4,326 | 8.43% |
| Manitowoc, WI (FHA|USDA|VA) | 15 | $1,865,000 | $124,333 | $4,107 | 8.96% |
| Platteville, WI (FHA|USDA|VA) | 17 | $1,675,000 | $98,529 | $2,691 | 9.18% |
| Whitewater, WI (FHA|USDA|VA) | 11 | $1,525,000 | $138,636 | $4,510 | 8.66% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 17 | $1,455,000 | $85,588 | $2,696 | 10.03% |
| Menomonie, WI (FHA|USDA|VA) | 16 | $1,200,000 | $75,000 | $2,764 | 9.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $4,171 | 8.74% |
| Marinette, WI-MI (FHA|USDA|VA) | 13 | $1,015,000 | $78,077 | $3,165 | 8.93% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $3,534 | 9.76% |
| Baraboo, WI (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,158 | 8.09% |
| Winona, MN (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $1,754 | 8.12% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $4,503 | 9.53% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 6 | $560,000 | $93,333 | $3,683 | 8.79% |
| Pella, IA (FHA|USDA|VA) | 5 | $445,000 | $89,000 | $2,736 | 9.69% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,353 | 7.79% |
| AMES, IA (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $3,800 | 9.70% |
| Shawano, WI (FHA|USDA|VA) | 5 | $375,000 | $75,000 | $2,472 | 9.69% |
| Muscatine, IA (FHA|USDA|VA) | 6 | $310,000 | $51,667 | $2,963 | 10.70% |
| Freeport, IL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,226 | 9.81% |
| DUBUQUE, IA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,957 | 10.29% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,354 | 10.36% |
| Sterling, IL (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $2,344 | 8.38% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,158 | 8.98% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,757 | 9.63% |
| Austin, MN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,937 | 7.49% |
| Marshalltown, IA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,006 | 8.56% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,027 | 6.94% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,973 | 8.88% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,122 | 11.48% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,329 | 7.98% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,802 | 8.74% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 14.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,540 | 9.23% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 12.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against MARINE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 26
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 990 | $120,460,000 | $121,677 | $3,630 | 9.02% |
| HELOC | 125 | $7,855,000 | $62,840 | n/a | 10.30% |
For 2023, Marine's most frequently originated type of loan was Conventional, with 990 originations. Their 2nd most popular type was HELOC, with 125 originations.
Loan Reason
For 2023, Marine's most frequently cited loan purpose was Cash Out Refi, with 576 originations. The 2nd most popular reason was Home Purchase, with 317 originations.
Loan Duration/Length
For 2023, Marine's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was Other, with 261 originations.
Origination Fees/Closing Costs
Marine's average total fees were $5,480, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 430 originations.
Interest Rates
During 2023, Marine's average interest rate for loans was 8.95%, while their most frequently originated rate bucket for loans was Over 8%, with 779 originations.
Loan Sizing
2023 saw Marine place emphasis on $100,000 or less loans with 572 originations, totaling $30,790,000 in origination value.
Applicant Income
Marine lent most frequently to those with incomes in the $50k-75k range, with 311 originations. The second most popular income band? $100k-150k, with 276 originations.
Applicant Debt to Income Ratio
Marine lent most frequently to those with DTI ratios of 20-30%, with 244 originations. The next most common DTI ratio? 30-36%, with 213 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.14%
Marine has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination14.62%
Marine 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 |
|---|---|---|---|
| 0.0 | 22 | $1,420,000 | $64,545 |
| 267.0 | 3 | $75,000 | $25,000 |
| 499.0 | 1 | $75,000 | $75,000 |
| 517.0 | 37 | $1,765,000 | $47,703 |
| 525.0 | 1 | $35,000 | $35,000 |
| 533.0 | 1 | $95,000 | $95,000 |
| 540.0 | 1 | $55,000 | $55,000 |
| 547.0 | 1 | $65,000 | $65,000 |
| 552.0 | 1 | $45,000 | $45,000 |
| 571.25 | 1 | $45,000 | $45,000 |
| 574.0 | 1 | $25,000 | $25,000 |
| 617.0 | 2 | $190,000 | $95,000 |
| 657.0 | 23 | $2,295,000 | $99,783 |
| 707.0 | 2 | $100,000 | $50,000 |
| 723.0 | 1 | $25,000 | $25,000 |
| 739.0 | 1 | $75,000 | $75,000 |
| 742.0 | 2 | $120,000 | $60,000 |
| 747.0 | 1 | $105,000 | $105,000 |
| 767.0 | 1 | $55,000 | $55,000 |
| 769.0 | 1 | $55,000 | $55,000 |
| 799.0 | 7 | $345,000 | $49,286 |
| 817.0 | 1 | $15,000 | $15,000 |
| 824.0 | 6 | $350,000 | $58,333 |
| 837.0 | 1 | $75,000 | $75,000 |
| 859.0 | 1 | $65,000 | $65,000 |
| 909.0 | 1 | $25,000 | $25,000 |
| NA | 994 | $120,720,000 | $121,449 |