Dow Chemical Employees' Mortgage Rates, Fees & Info
Midland, MILEI: 549300EWYXV06QXJH078
Tax ID: 38-0495567
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Dow Chemical Employees' is a smaller mortgage company specializing in Home Purchase loans. Dow Chemical Employees' has a high proportion of conventional loans. Their top markets by origination volume include: Midland, Bay City, Saginaw, Detroit, and Grand Rapids among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Dow Chemical Employees' 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. Dow Chemical Employees' 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 4/21/24 |
| 30 Year Conventional Refi | 6.43% | 4/21/24 |
| 30 Year Cash-out Refi | 6.77% | 4/21/24 |
| 15 Year Conventional Purchase | 5.91% | 4/21/24 |
| 15 Year Conventional Refi | 5.86% | 4/21/24 |
| 15 Year Cash-out Refi | 5.86% | 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. | ||
Dow Chemical Employees' Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Dow Chemical Employees'. 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
887Origination Dollar Volume (All Markets)
$122,865,000Awards
DOW CHEMICAL EMPLOYEES' - 2019
DOW CHEMICAL EMPLOYEES' is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for DOW CHEMICAL EMPLOYEES'?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| MIDLAND, MI (FHA|USDA|VA) | 436 | $59,840,000 | $137,248 | $2,078 | 4.25% |
| BAY CITY, MI (FHA|USDA|VA) | 132 | $15,020,000 | $113,788 | $1,978 | 4.31% |
| Outside of Metro Areas | 102 | $13,850,000 | $135,784 | $1,967 | 4.31% |
| SAGINAW, MI (FHA|USDA|VA) | 94 | $12,370,000 | $131,596 | $2,093 | 4.34% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 37 | $7,765,000 | $209,865 | $2,219 | 4.32% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 16 | $3,120,000 | $195,000 | $2,087 | 4.43% |
| Traverse City, MI (FHA|USDA|VA) | 14 | $2,430,000 | $173,571 | $1,409 | 4.61% |
| Mount Pleasant, MI (FHA|USDA|VA) | 18 | $2,030,000 | $112,778 | $2,196 | 4.49% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $3,056 | 4.00% |
| Alma, MI (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $2,075 | 4.38% |
| Holland, MI (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,320 | 4.56% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $1,596 | 4.31% |
| NILES, MI (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $1,854 | 3.83% |
| FLINT, MI (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $1,597 | 4.40% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $1,882 | 4.08% |
| Cadillac, MI (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $694 | 4.28% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,107 | 3.88% |
| Ludington, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,660 | 3.38% |
| Marquette, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,558 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against DOW CHEMICAL EMPLOYEES' based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 32
Similarity Rank: 96
Similarity Rank: 120
Similarity Rank: 159
Similarity Rank: 222
Similarity Rank: 297
Similarity Rank: 297
Similarity Rank: 320
Similarity Rank: 344
Similarity Rank: 350
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 886 | $122,860,000 | $138,668 | $2,052 | 4.29% |
| HELOC | 1 | $5,000 | $5,000 | n/a | 5.50% |
For 2019, Dow Chemical Employees''s most frequently originated type of loan was Conventional, with 886 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2019, Dow Chemical Employees''s most frequently cited loan purpose was Home Purchase, with 449 originations. The 2nd most popular reason was Cash Out Refi, with 226 originations.
Loan Duration/Length
For 2019, Dow Chemical Employees''s most frequently cited loan duration was 30 Year, with 448 originations. The 2nd most popular length was 15 Year, with 222 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 884 | $122,690,000 | $138,790 |
Dow Chemical Employees''s average total fees were $2,594, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 884 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 372 | $53,860,000 | $144,785 |
| 3-4% | 356 | $52,240,000 | $146,742 |
| 5-6% | 135 | $13,935,000 | $103,222 |
| 2.5-3% | 19 | $2,655,000 | $139,737 |
| 6-7% | 5 | $175,000 | $35,000 |
During 2019, Dow Chemical Employees''s average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 372 originations.
Loan Sizing
2019 saw Dow Chemical Employees' place emphasis on $100k-200k loans with 378 originations, totaling $53,770,000 in origination value.
Applicant Income
Dow Chemical Employees' lent most frequently to those with incomes in the $100k-150k range, with 234 originations. The second most popular income band? $50k-75k, with 211 originations.
Applicant Debt to Income Ratio
Dow Chemical Employees' lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.83%
Dow Chemical Employees' has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination64.83%
Dow Chemical Employees' 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 |
|---|---|---|---|
| NA | 887 | $122,865,000 | $138,517 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 18 | $1,250,000 | $69,444 |
| Single Family (1-4 Units):Site-Built | 869 | $121,615,000 | $139,948 |