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 Refi, 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, Eau Claire, Fond Du Lac, and La Crosse among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)Marine has an 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 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 7.57% | 4/21/24 |
| 15 Year Conventional Refi | 7.64% | 4/21/24 |
| 15 Year Cash-out Refi | 7.64% | 4/21/24 |
| 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
1,178Origination Dollar Volume (All Markets)
$116,750,000Top 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 | 243 | $19,045,000 | $78,374 | $2,352 | 8.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 196 | $17,770,000 | $90,663 | $2,849 | 8.94% |
| GREEN BAY, WI (FHA|USDA|VA) | 67 | $9,855,000 | $147,090 | $3,043 | 8.34% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 83 | $9,215,000 | $111,024 | $2,220 | 8.82% |
| FOND DU LAC, WI (FHA|USDA|VA) | 81 | $7,615,000 | $94,012 | $2,022 | 7.43% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 66 | $7,360,000 | $111,515 | $1,923 | 7.13% |
| MADISON, WI (FHA|USDA|VA) | 37 | $4,795,000 | $129,595 | $2,488 | 5.60% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 52 | $4,730,000 | $90,962 | $3,056 | 8.22% |
| ROCHESTER, MN (FHA|USDA|VA) | 30 | $4,620,000 | $154,000 | $6,206 | 7.93% |
| Menomonie, WI (FHA|USDA|VA) | 29 | $3,205,000 | $110,517 | $3,805 | 9.05% |
| Platteville, WI (FHA|USDA|VA) | 43 | $3,165,000 | $73,605 | $1,516 | 6.73% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 21 | $2,455,000 | $116,905 | $2,392 | 7.71% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 32 | $2,440,000 | $76,250 | $1,277 | 7.70% |
| APPLETON, WI (FHA|USDA|VA) | 20 | $2,130,000 | $106,500 | $2,141 | 7.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 19 | $1,875,000 | $98,684 | $1,816 | 8.49% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 18 | $1,850,000 | $102,778 | $2,657 | 8.15% |
| RACINE, WI (FHA|USDA|VA) | 17 | $1,815,000 | $106,765 | $1,915 | 8.85% |
| Beaver Dam, WI (FHA|USDA|VA) | 15 | $1,625,000 | $108,333 | $2,687 | 7.02% |
| Winona, MN (FHA|USDA|VA) | 15 | $1,535,000 | $102,333 | $2,482 | 8.90% |
| Manitowoc, WI (FHA|USDA|VA) | 12 | $1,350,000 | $112,500 | $2,644 | 8.35% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 11 | $1,045,000 | $95,000 | $5,201 | 9.31% |
| Shawano, WI (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $1,999 | 7.36% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 7 | $815,000 | $116,429 | $3,343 | 9.57% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $4,550 | 8.65% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $3,979 | 9.25% |
| Whitewater, WI (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $2,483 | 10.86% |
| Muscatine, IA (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $1,809 | 7.66% |
| Mason City, IA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $1,522 | 9.81% |
| Stevens Point, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,535 | 11.67% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 12.23% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 9.61% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $2,020 | 9.40% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.25% |
| Pella, IA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $4,089 | 6.54% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 10.92% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,345 | 8.48% |
| Marshalltown, IA (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $3,044 | 10.61% |
| AMES, IA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 9.48% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.50% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.86% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.23% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 10.29% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.48% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 13.23% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,312 | 11.48% |
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: 8
Similarity Rank: 48
Similarity Rank: 63
Similarity Rank: 70
Similarity Rank: 117
Similarity Rank: 119
Similarity Rank: 126
Similarity Rank: 144
Similarity Rank: 145
Similarity Rank: 180
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,178 | $116,750,000 | $99,109 | $2,468 | 8.24% |
For 2019, Marine's most frequently originated type of loan was Conventional, with 1,178 originations.
Loan Reason
For 2019, Marine's most frequently cited loan purpose was Refi, with 516 originations. The 2nd most popular reason was Cash Out Refi, with 342 originations.
Loan Duration/Length
For 2019, Marine's most frequently cited loan duration was 15 Year, with 350 originations. The 2nd most popular length was Other, with 264 originations.
Origination Fees/Closing Costs
Marine's average total fees were $3,606, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.
Interest Rates
During 2019, Marine's average interest rate for loans was 8.74%, while their most frequently originated rate bucket for loans was Over 8%, with 519 originations.
Loan Sizing
2019 saw Marine place emphasis on $100,000 or less loans with 722 originations, totaling $39,510,000 in origination value.
Applicant Income
Marine lent most frequently to those with incomes in the $50k or less range, with 328 originations. The second most popular income band? $50k-75k, with 313 originations.
Applicant Debt to Income Ratio
Marine lent most frequently to those with DTI ratios of 20-30%, with 211 originations. The next most common DTI ratio? 30-36%, with 176 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.69%
Marine has a below average approval rate.
Pick Rate
Approvals leading to origination-4.41%
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 | 1 | $135,000 | $135,000 |
| 1499.0 | 1 | $25,000 | $25,000 |
| 1803.72 | 1 | $35,000 | $35,000 |
| 1845.0 | 1 | $55,000 | $55,000 |
| 2007.0 | 1 | $65,000 | $65,000 |
| 2102.27 | 1 | $45,000 | $45,000 |
| 2292.0 | 1 | $75,000 | $75,000 |
| 2330.0 | 1 | $65,000 | $65,000 |
| 244.88 | 1 | $255,000 | $255,000 |
| 2527.0 | 1 | $75,000 | $75,000 |
| 2704.5 | 1 | $85,000 | $85,000 |
| 2805.86 | 1 | $105,000 | $105,000 |
| 3028.89 | 1 | $85,000 | $85,000 |
| 308.07 | 1 | $15,000 | $15,000 |
| 3294.54 | 1 | $105,000 | $105,000 |
| 3389.0 | 1 | $135,000 | $135,000 |
| 3615.66 | 1 | $135,000 | $135,000 |
| 367.76 | 1 | $45,000 | $45,000 |
| 3833.36 | 1 | $135,000 | $135,000 |
| 3962.0 | 1 | $145,000 | $145,000 |
| 415.4 | 1 | $15,000 | $15,000 |
| 425.93 | 1 | $35,000 | $35,000 |
| 4260.8 | 1 | $155,000 | $155,000 |
| 4298.56 | 1 | $175,000 | $175,000 |
| 4337.5 | 1 | $155,000 | $155,000 |
| 4582.95 | 1 | $175,000 | $175,000 |
| 4616.1 | 1 | $185,000 | $185,000 |
| 4694.16 | 1 | $175,000 | $175,000 |
| 4885.5 | 1 | $185,000 | $185,000 |
| 537.0 | 1 | $55,000 | $55,000 |
| 5767.0 | 1 | $225,000 | $225,000 |
| 669.4 | 1 | $235,000 | $235,000 |
| 752.32 | 1 | $75,000 | $75,000 |
| NA | 1,145 | $113,085,000 | $98,764 |