I. H. Mississippi Valley Credit Union Mortgage Rates, Fees & Info

Moline, IL

LEI: 549300AR4BCLQFU47165

Tax ID: 36-2523206

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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, Des Moines, Galesburg, Clinton, and Crestview among others. We have data for 50 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.76% 4/21/24
    30 Year Conventional Refi 5.98% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.83% 4/21/24
    15 Year Conventional Refi 5.85% 4/21/24
    15 Year Cash-out Refi 5.85% 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.

    I. H. Mississippi Valley Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from I. H. Mississippi Valley Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,374

    Origination Dollar Volume (All Markets)

    $218,050,000
    Show all (12) awards

    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) 914 $116,700,000 $127,681 $1,225 4.06%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 208 $59,280,000 $285,000 $1,561 3.60%
    Outside of Metro Areas 34 $6,410,000 $188,529 $1,660 3.92%
    Galesburg, IL (FHA|USDA|VA) 68 $5,060,000 $74,412 $1,136 4.59%
    Clinton, IA (FHA|USDA|VA) 30 $3,290,000 $109,667 $1,037 4.31%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $2,310,000 $1,155,000 $3,996 2.25%
    Muscatine, IA (FHA|USDA|VA) 15 $2,275,000 $151,667 $1,243 4.08%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,815,000 $363,000 $3,390 3.18%
    Sterling, IL (FHA|USDA|VA) 13 $1,765,000 $135,769 $1,420 4.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,570,000 $785,000 $6,753 2.38%
    IOWA CITY, IA (FHA|USDA|VA) 6 $1,540,000 $256,667 $1,461 3.42%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $6,090 2.00%
    Burlington, IA-IL (FHA|USDA|VA) 10 $1,050,000 $105,000 $1,128 3.98%
    PEORIA, IL (FHA|USDA|VA) 5 $895,000 $179,000 $1,197 3.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $885,000 $885,000 $7,452 2.00%
    Ottawa, IL (FHA|USDA|VA) 9 $785,000 $87,222 $1,632 4.51%
    Pella, IA (FHA|USDA|VA) 4 $780,000 $195,000 $1,574 3.97%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $775,000 $775,000 $7,203 2.25%
    AMES, IA (FHA|USDA|VA) 4 $740,000 $185,000 $2,410 3.63%
    Marshalltown, IA (FHA|USDA|VA) 2 $690,000 $345,000 $1,452 3.88%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 4 $660,000 $165,000 $1,556 4.78%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $565,000 $565,000 $2,181 2.50%
    Spirit Lake, IA (FHA|USDA|VA) 1 $475,000 $475,000 $2,214 3.63%
    Moultrie, GA (FHA|USDA|VA) 1 $455,000 $455,000 $2,730 3.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $415,000 $415,000 $1,008 3.63%
    MADISON, WI (FHA|USDA|VA) 1 $395,000 $395,000 $1,959 3.25%
    Brainerd, MN (FHA|USDA|VA) 1 $385,000 $385,000 $2,347 2.75%
    Payson, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $3,607 3.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,887 2.50%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $345,000 $345,000 $1,947 4.38%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $2,038 3.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $305,000 $305,000 $1,499 4.38%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $2,658 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $1,466 2.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $844 2.50%
    Macomb, IL (FHA|USDA|VA) 5 $245,000 $49,000 $693 4.24%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,092 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $225,000 $225,000 $2,109 3.38%
    Ottumwa, IA (FHA|USDA|VA) 2 $220,000 $110,000 $1,999 4.56%
    Dixon, IL (FHA|USDA|VA) 3 $215,000 $71,667 $1,629 4.54%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $195,000 $195,000 $2,760 3.88%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,012 3.88%
    OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,845 4.38%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $1,758 2.75%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $145,000 $145,000 $1,401 2.50%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $105,000 $105,000 $1,906 2.38%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,501 3.75%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,727 3.00%
    Taylorville, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,012 4.75%
    Kirksville, MO (FHA|USDA|VA) 1 $35,000 $35,000 $508 3.63%
    I. H. Mississippi Valley Credit Union's top markets include Davenport, Des Moines, Galesburg, Clinton, and Crestview among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • 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.

    THE FAMILY CREDIT UNION
    Similarity Rank: 84
    Hills Bank and Trust Company
    Similarity Rank: 114
    LINN AREA
    Similarity Rank: 120
    R.I.A. Federal Credit Union
    Similarity Rank: 154
    FINANCIAL PLUS Credit Union
    Similarity Rank: 236
    DuTrac Community Credit Union
    Similarity Rank: 250
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 272
    First Mid Bank & Trust
    Similarity Rank: 336
    ASCENTRA
    Similarity Rank: 375
    Farmers State Bank
    Similarity Rank: 399

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,374 $218,050,000 $158,697 $1,339 4.00%

    For 2022, I. H. Mississippi Valley Credit Union's most frequently originated type of loan was Conventional, with 1,374 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 715 $140,545,000 $196,566 $1,616 4.00%
    Refi 396 $66,760,000 $168,586 $1,548 3.46%
    Home Improvement 123 $3,875,000 $31,504 $199 4.63%
    Other 119 $4,215,000 $35,420 $221 5.02%
    Cash Out Refi 21 $2,655,000 $126,429 $0 4.55%

    For 2022, I. H. Mississippi Valley Credit Union's most frequently cited loan purpose was Home Purchase, with 715 originations. The 2nd most popular reason was Refi, with 396 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 876 $180,220,000 $205,731 $1,645 3.79%
    10 Year 162 $7,540,000 $46,543 $373 4.65%
    15 Year 102 $13,870,000 $135,980 $1,666 3.29%
    5 Year 99 $6,125,000 $61,869 $183 4.38%
    Other 75 $3,755,000 $50,067 $318 5.11%
    20 Year 25 $3,095,000 $123,800 $1,492 3.39%
    3 Year 22 $1,300,000 $59,091 $955 5.36%
    1 Year 13 $2,145,000 $165,000 $1,162 4.59%

    For 2022, I. H. Mississippi Valley Credit Union's most frequently cited loan duration was 30 Year, with 876 originations. The 2nd most popular length was 10 Year, with 162 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,246 $202,400,000 $162,440
    $1k-2k 38 $4,720,000 $124,211
    $2k-3k 12 $2,040,000 $170,000
    $3k-4k 5 $1,575,000 $315,000
    $4k-5k 1 $425,000 $425,000

    I. H. Mississippi Valley Credit Union's average total fees were $1,645, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,246 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 381 $57,665,000 $151,352
    4-5% 363 $50,585,000 $139,353
    2.5-3% 247 $48,985,000 $198,320
    <2.5% 147 $39,955,000 $271,803
    5-6% 133 $12,955,000 $97,406
    6-7% 71 $6,355,000 $89,507
    7-8% 26 $1,220,000 $46,923
    Over 8% 4 $110,000 $27,500

    During 2022, I. H. Mississippi Valley Credit Union's average interest rate for loans was 3.79%, while their most frequently originated rate bucket for loans was 3-4%, with 381 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 581 $30,575,000 $52,625 $885 4.43%
    $100k-200k 421 $59,435,000 $141,176 $1,623 3.92%
    $200k-400k 293 $82,925,000 $283,020 $1,618 3.50%
    $400k-600k 57 $27,585,000 $483,947 $1,633 3.16%
    $600k-1MM 19 $13,775,000 $725,000 $2,426 2.99%
    $1MM+ 3 $3,755,000 $1,251,667 $7,353 2.17%

    2022 saw I. H. Mississippi Valley Credit Union place emphasis on $100,000 or less loans with 581 originations, totaling $30,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 316 $34,820,000 $110,190 $1,333 4.12%
    $50k or less 284 $22,460,000 $79,085 $1,188 4.06%
    $100k-150k 264 $51,260,000 $194,167 $1,357 3.89%
    $75k-100k 247 $35,445,000 $143,502 $1,304 3.99%
    $150k-250k 176 $45,470,000 $258,352 $1,361 3.89%
    $250k+ 48 $22,800,000 $475,000 $2,385 3.49%

    I. H. Mississippi Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 316 originations. The second most popular income band? $50k or less, with 284 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 398 $59,770,000 $150,176 $1,330 3.91%
    30-36% 267 $43,705,000 $163,689 $1,328 4.06%
    <20% 162 $22,460,000 $138,642 $1,259 3.79%
    39% 57 $7,595,000 $133,246 $1,057 3.97%
    36% 50 $7,830,000 $156,600 $1,409 3.98%
    38% 49 $8,125,000 $165,816 $1,440 3.97%
    37% 46 $8,820,000 $191,739 $1,285 4.04%
    42% 44 $7,490,000 $170,227 $1,236 4.22%
    40% 44 $6,460,000 $146,818 $1,279 4.24%
    43% 44 $9,210,000 $209,318 $1,543 4.03%
    41% 41 $6,725,000 $164,024 $1,365 4.16%
    44% 27 $4,705,000 $174,259 $1,488 3.82%
    48% 20 $4,230,000 $211,500 $1,532 4.01%
    45% 18 $2,840,000 $157,778 $1,319 3.28%
    47% 17 $3,215,000 $189,118 $1,736 4.04%
    49% 15 $3,185,000 $212,333 $1,569 4.18%
    46% 12 $2,700,000 $225,000 $1,404 4.15%
    50-60% 9 $1,675,000 $186,111 $2,005 2.94%
    >60% 3 $1,265,000 $421,667 $2,341 3.00%

    I. H. Mississippi Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 398 originations. The next most common DTI ratio? 30-36%, with 267 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,119 $184,625,000 $164,991 $1,390 3.91%
    Not provided 156 $16,120,000 $103,333 $900 4.38%
    Black 42 $6,180,000 $147,143 $1,538 4.55%
    Not applicable 33 $4,725,000 $143,182 $0 4.69%
    Asian 17 $4,655,000 $273,824 $1,741 3.32%
    Asian Indian 3 $925,000 $308,333 $1,736 3.54%
    Chinese 1 $615,000 $615,000 $839 3.00%
    American Indian 3 $205,000 $68,333 $639 5.37%

    Approval Rates

    Total approvals of all applications
    92.05%

    I. H. Mississippi Valley Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.59%

    I. H. Mississippi Valley Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,374 $218,050,000 $158,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,374 $218,050,000 $158,697

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $6,080,000 $49,836 $428 4.64%
    40-60% 126 $16,510,000 $131,032 $1,266 3.71%
    60-80% 428 $76,660,000 $179,112 $1,581 3.83%
    80-100% 576 $115,430,000 $200,399 $1,613 3.85%
    Over 100% 1 $185,000 $185,000 $0 5.13%
    Under 20% 119 $2,965,000 $24,916 $216 4.95%