Mutual Mortgage Rates, Fees & Info

Vicksburg, MS

LEI: 549300A7PPGN7EQJ6578

Tax ID: 64-0333575

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

    Mutual 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.

    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

    166

    Origination Dollar Volume (All Markets)

    $18,740,000

    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) 122 $13,090,000 $107,295 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 34 $4,240,000 $124,706 $0 0.00%
    Outside of Metro Areas 8 $710,000 $88,750 $0 0.00%
    Columbus, MS (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
    Indianola, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Mutual's top markets include Vicksburg, Jackson, Columbus, and Indianola among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $18,740,000 $112,892 $0 0.00%

    For 2020, Mutual's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 53 $3,255,000 $61,415 $0 0.00%
    Cash Out Refi 51 $7,605,000 $149,118 $0 0.00%
    Refi 44 $5,810,000 $132,045 $0 0.00%
    Home Purchase 18 $2,070,000 $115,000 $0 0.00%

    For 2020, Mutual's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 166 $18,740,000 $112,892 $0 0.00%

    For 2020, Mutual's most frequently cited loan duration was Other, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 91 $5,365,000 $58,956 $0 0.00%
    $100k-200k 54 $7,410,000 $137,222 $0 0.00%
    $200k-400k 20 $5,320,000 $266,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2020 saw Mutual place emphasis on $100,000 or less loans with 91 originations, totaling $5,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $3,825,000 $93,293 $0 0.00%
    $150k-250k 35 $5,685,000 $162,429 $0 0.00%
    $50k-75k 31 $3,115,000 $100,484 $0 0.00%
    $50k or less 27 $1,895,000 $70,185 $0 0.00%
    $75k-100k 25 $2,535,000 $101,400 $0 0.00%
    $250k+ 7 $1,685,000 $240,714 $0 0.00%

    Mutual lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 166 $18,740,000 $112,892 $0 0.00%

    Mutual lent most frequently to those with DTI ratios of Exempt%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $14,045,000 $116,074 $0 0.00%
    Black 43 $4,225,000 $98,256 $0 0.00%
    Asian 2 $470,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.07%

    Mutual has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.29%

    Mutual has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 166 $18,740,000 $112,892

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 166 $18,740,000 $112,892