I. H. Mississippi Valley Credit Union Mortgage Rates, Fees & Info
Moline, ILLEI: 549300AR4BCLQFU47165
Tax ID: 36-2523206
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Mortgage Data
Review & Overview
I. H. Mississippi Valley Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. I. H. Mississippi Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Galesburg, Clinton, Des Moines, and Muscatine among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)I. H. Mississippi Valley Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. I. H. Mississippi Valley Credit Union 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 about average 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 Purchase | 5.76% | 12/16/24 |
| 30 Year Conventional Refi | 5.98% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.83% | 12/16/24 |
| 15 Year Conventional Refi | 5.85% | 12/16/24 |
| 15 Year Cash-out Refi | 5.85% | 12/16/24 |
| 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. | ||
I. H. Mississippi Valley Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,201Origination Dollar Volume (All Markets)
$145,215,000Awards
I. H. MISSISSIPPI VALLEY CREDIT UNION - 2019
I. H. MISSISSIPPI VALLEY CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 968 | $117,470,000 | $121,353 | $1,290 | 4.24% |
| Galesburg, IL (FHA|USDA|VA) | 66 | $5,050,000 | $76,515 | $1,253 | 4.08% |
| Outside of Metro Areas | 41 | $4,635,000 | $113,049 | $1,433 | 4.05% |
| Clinton, IA (FHA|USDA|VA) | 23 | $3,405,000 | $148,043 | $1,329 | 4.20% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 14 | $3,330,000 | $237,857 | $1,663 | 3.68% |
| Muscatine, IA (FHA|USDA|VA) | 13 | $1,945,000 | $149,615 | $1,474 | 4.47% |
| Sterling, IL (FHA|USDA|VA) | 25 | $1,915,000 | $76,600 | $1,300 | 4.30% |
| IOWA CITY, IA (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $1,572 | 4.23% |
| Burlington, IA-IL (FHA|USDA|VA) | 8 | $800,000 | $100,000 | $1,643 | 4.61% |
| PEORIA, IL (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $1,420 | 3.98% |
| Macomb, IL (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $1,815 | 3.58% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,251 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,542 | 3.63% |
| Ottawa, IL (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $1,395 | 4.43% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,201 | 3.63% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $535 | 4.17% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,540 | 3.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,964 | 3.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,962 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,118 | 3.63% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,217 | 3.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,309 | 3.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,243 | 3.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,668 | 3.63% |
| Mason City, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,823 | 3.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,308 | 4.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,735 | 5.25% |
| Pella, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,522 | 3.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,306 | 4.63% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,005 | 3.63% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $594 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against I. H. MISSISSIPPI VALLEY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,197 | $144,615,000 | $120,815 | $1,326 | 4.21% |
| HELOC | 4 | $600,000 | $150,000 | n/a | 5.69% |
For 2019, I. H. Mississippi Valley Credit Union's most frequently originated type of loan was Conventional, with 1,197 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2019, I. H. Mississippi Valley Credit Union's most frequently cited loan purpose was Home Purchase, with 555 originations. The 2nd most popular reason was Refi, with 412 originations.
Loan Duration/Length
For 2019, I. H. Mississippi Valley Credit Union's most frequently cited loan duration was 30 Year, with 701 originations. The 2nd most popular length was 15 Year, with 155 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 982 | $113,980,000 | $116,069 |
| $1k-2k | 35 | $5,325,000 | $152,143 |
| $2k-3k | 8 | $1,200,000 | $150,000 |
| $3k-4k | 1 | $225,000 | $225,000 |
I. H. Mississippi Valley Credit Union's average total fees were $1,578, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 982 originations.
Interest Rates
During 2019, I. H. Mississippi Valley Credit Union's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 599 originations.
Loan Sizing
2019 saw I. H. Mississippi Valley Credit Union place emphasis on $100,000 or less loans with 613 originations, totaling $33,615,000 in origination value.
Applicant Income
I. H. Mississippi Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 319 originations. The second most popular income band? $50k or less, with 298 originations.
Applicant Debt to Income Ratio
I. H. Mississippi Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 314 originations. The next most common DTI ratio? 30-36%, with 268 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.24%
I. H. Mississippi Valley Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination65.45%
I. H. Mississippi Valley Credit Union 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 | $75,000 | $75,000 |
| 625.0 | 1 | $55,000 | $55,000 |
| NA | 1,199 | $145,085,000 | $121,005 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Insight Financial Services LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |