Marine Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 5493007DIB8YPDM6NR52

Tax ID: 39-0827305

1.1 stars - Updated: 12/2/24 - out of 5 stars, based on 33 reviews

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

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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.

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 Refi 6.27% 12/2/24
30 Year Cash-out Refi 6.27% 12/2/24
15 Year Conventional Purchase 7.57% 12/2/24
15 Year Conventional Refi 7.64% 12/2/24
15 Year Cash-out Refi 7.64% 12/2/24
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






Your Estimates

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

This is not an official calculator from Marine. 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

1,115

Origination Dollar Volume (All Markets)

$128,315,000

Relative 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%
Marine's top markets include Milwaukee, Green Bay, Des Moines, Fond Du Lac, and Madison among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • 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.

    Bank
    Similarity Rank: 26
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    Similarity Rank: 28
    PCM
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    UNITEDONE Credit Union
    Similarity Rank: 36
    NORTHWESTERN MUTUAL
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    Glacier Hills Credit Union
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    Security Financial Bank
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    ASCENTRA
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    FINANCIAL PLUS Credit Union
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    PROSPERA Credit Union
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 576 $56,330,000 $97,795 $2,806 9.28%
    Home Purchase 317 $51,825,000 $163,486 $5,360 8.93%
    Refi 168 $17,360,000 $103,333 $3,007 8.79%
    Home Improvement 43 $2,315,000 $53,837 $1,536 10.76%
    Other 11 $485,000 $44,091 $2,228 8.96%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 307 $53,345,000 $173,762 $5,480 8.95%
    Other 261 $17,525,000 $67,146 $1,971 9.63%
    20 Year 218 $32,080,000 $147,156 $4,045 8.80%
    10 Year 156 $9,220,000 $59,103 $1,807 9.70%
    15 Year 131 $14,445,000 $110,267 $3,188 8.78%
    5 Year 33 $1,185,000 $35,909 $1,390 9.01%
    3 Year 9 $515,000 $57,222 $1,206 8.73%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 430 $35,420,000 $82,372
    $3k-4k 147 $20,845,000 $141,803
    $2k-3k 129 $12,865,000 $99,729
    $5k+ 105 $29,655,000 $282,429
    $1k-2k 94 $6,030,000 $64,149
    $4k-5k 77 $14,885,000 $193,312

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 779 $87,885,000 $112,818
    7-8% 255 $30,125,000 $118,137
    6-7% 72 $9,650,000 $134,028
    5-6% 7 $515,000 $73,571
    <2.5% 1 $55,000 $55,000
    3-4% 1 $85,000 $85,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 572 $30,790,000 $53,829 $2,162 9.58%
    $100k-200k 375 $52,875,000 $141,000 $4,181 8.77%
    $200k-400k 160 $41,210,000 $257,563 $6,434 8.63%
    $400k-600k 8 $3,440,000 $430,000 $7,618 8.02%

    2023 saw Marine place emphasis on $100,000 or less loans with 572 originations, totaling $30,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 311 $30,735,000 $98,826 $3,380 9.22%
    $100k-150k 276 $35,840,000 $129,855 $3,744 9.17%
    $75k-100k 242 $28,670,000 $118,471 $3,750 9.35%
    $50k or less 163 $13,375,000 $82,055 $3,386 9.19%
    $150k-250k 97 $15,545,000 $160,258 $3,949 8.47%
    $250k+ 17 $3,235,000 $190,294 $6,071 9.12%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 244 $23,260,000 $95,328 $3,172 9.22%
    30-36% 213 $23,735,000 $111,432 $3,557 9.09%
    <20% 62 $5,310,000 $85,645 $3,225 8.43%
    50-60% 54 $6,470,000 $119,815 $3,397 9.74%
    37% 48 $5,960,000 $124,167 $3,246 8.82%
    40% 47 $6,115,000 $130,106 $4,387 9.39%
    39% 45 $5,505,000 $122,333 $3,919 9.18%
    44% 44 $4,860,000 $110,455 $3,579 9.32%
    43% 44 $5,060,000 $115,000 $4,011 9.32%
    46% 41 $5,175,000 $126,220 $3,660 10.02%
    41% 39 $3,935,000 $100,897 $3,710 9.76%
    36% 37 $4,315,000 $116,622 $3,444 9.28%
    45% 37 $4,495,000 $121,486 $3,805 8.85%
    >60% 35 $5,915,000 $169,000 $4,775 8.73%
    42% 35 $4,375,000 $125,000 $3,828 9.10%
    47% 27 $4,615,000 $170,926 $4,657 8.73%
    38% 27 $3,915,000 $145,000 $4,352 9.02%
    48% 16 $2,490,000 $155,625 $4,541 8.92%
    49% 16 $2,380,000 $148,750 $3,599 8.65%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,045 $119,985,000 $114,818 $3,623 9.15%
    Black 41 $4,895,000 $119,390 $3,791 9.42%
    Asian 10 $1,210,000 $121,000 $3,434 9.35%
    Not provided 10 $970,000 $97,000 $2,505 9.48%
    American Indian 3 $645,000 $215,000 $5,452 9.16%
    Asian Indian 2 $310,000 $155,000 $4,996 8.23%
    Other Asian 2 $160,000 $80,000 $3,430 9.44%
    Vietnamese 1 $75,000 $75,000 $1,947 6.45%
    Not applicable 1 $65,000 $65,000 $2,955 7.55%

    Approval Rates

    Total approvals of all applications
    66.14%

    Marine has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    14.62%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,115 $128,315,000 $115,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 218 $14,120,000 $64,771 $1,972 9.47%
    40-60% 125 $14,405,000 $115,240 $3,435 8.65%
    60-80% 237 $34,435,000 $145,295 $3,981 8.67%
    80-100% 335 $57,215,000 $170,791 $5,239 8.99%
    Over 100% 3 $775,000 $258,333 $7,391 8.20%
    Under 20% 197 $7,365,000 $37,386 $1,468 10.06%