Mutual Mortgage Rates, Fees & Info

Vicksburg, MS

LEI: 549300A7PPGN7EQJ6578

Tax ID: 64-0333575

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mutual is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Mutual has a high proportion of conventional loans. Their top markets by origination volume include: Vicksburg, Jackson, Memphis, and Cleveland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mutual 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.

    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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    Originations

    71

    Origination Dollar Volume (All Markets)

    $6,385,000

    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
    Vicksburg, MS (FHA|USDA|VA) 48 $4,350,000 $90,625 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 19 $1,525,000 $80,263 $0 0.00%
    Outside of Metro Areas 2 $220,000 $110,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Cleveland, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Mutual's top markets include Vicksburg, Jackson, Memphis, and Cleveland among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $6,385,000 $89,930 $0 0.00%

    For 2024, Mutual's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 23 $1,545,000 $67,174 $0 0.00%
    Cash Out Refi 18 $1,590,000 $88,333 $0 0.00%
    Other 15 $1,235,000 $82,333 $0 0.00%
    Home Purchase 12 $1,750,000 $145,833 $0 0.00%
    Refi 3 $265,000 $88,333 $0 0.00%

    For 2024, Mutual's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $6,385,000 $89,930 $0 0.00%

    For 2024, Mutual's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,590,000 $56,304 $0 0.00%
    $100k-200k 22 $3,070,000 $139,545 $0 0.00%
    $200k-400k 3 $725,000 $241,667 $0 0.00%

    2024 saw Mutual place emphasis on $100,000 or less loans with 46 originations, totaling $2,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $2,345,000 $111,667 $0 0.00%
    $75k-100k 17 $1,235,000 $72,647 $0 0.00%
    $50k-75k 12 $1,210,000 $100,833 $0 0.00%
    $150k-250k 8 $690,000 $86,250 $0 0.00%
    $50k or less 7 $445,000 $63,571 $0 0.00%
    $250k+ 6 $460,000 $76,667 $0 0.00%

    Mutual lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $6,385,000 $89,930 $0 0.00%

    Mutual lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $4,875,000 $91,981 $0 0.00%
    Black 18 $1,510,000 $83,889 $0 0.00%

    Approval Rates

    Total approvals of all applications
    63.00%

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

    Pick Rate

    Approvals leading to origination
    22.54%

    Mutual 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
    Exempt 71 $6,385,000 $89,930

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $6,385,000 $89,930