Mutual Mortgage Rates, Fees & Info
Vicksburg, MSLEI: 549300A7PPGN7EQJ6578
Tax ID: 64-0333575
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Mortgage Data
Review & Overview
Mutual is a smaller mortgage company specializing in Other and Home Improvement loans. Mutual has a high proportion of conventional loans. Their top markets by origination volume include: Vicksburg, Jackson, Starkville, and Hattiesburg 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.
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Originations
82Origination Dollar Volume (All Markets)
$7,300,000Top 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 |
|---|---|---|---|---|---|
| Vicksburg, MS (FHA|USDA|VA) | 54 | $4,130,000 | $76,481 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 23 | $2,935,000 | $127,609 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $7,300,000 | $89,024 | $0 | 0.00% |
For 2023, Mutual's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2023, Mutual's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Improvement, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $7,300,000 | $89,024 | $0 | 0.00% |
For 2023, Mutual's most frequently cited loan duration was Other, with 82 originations.
Loan Sizing
2023 saw Mutual place emphasis on $100,000 or less loans with 60 originations, totaling $3,050,000 in origination value.
Applicant Income
Mutual lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $7,300,000 | $89,024 | $0 | 0.00% |
Mutual lent most frequently to those with DTI ratios of Exempt%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.66%
Mutual has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination31.71%
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 | 82 | $7,300,000 | $89,024 |