Mortgage Markets Cuso Rates, Fees & Info

EAST HARTFORD, CT

LEI: 549300HQL7U3JZ4LCJ17

Tax ID: 75-3103689

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Mortgage Markets Cuso is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Mortgage Markets Cuso has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, Bridgeport, New Haven, Torrington, and Norwich among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Markets Cuso 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. Mortgage Markets Cuso is typically an average 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 6.60% 4/28/24
    30 Year Conventional Refi 6.58% 4/28/24
    30 Year Cash-out Refi 6.83% 4/28/24
    15 Year Conventional Purchase 6.71% 4/28/24
    15 Year Conventional Refi 5.97% 4/28/24
    15 Year Cash-out Refi 5.97% 4/28/24
    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.

    Mortgage Markets Cuso Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mortgage Markets Cuso. 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

    210

    Origination Dollar Volume (All Markets)

    $44,680,000

    Awards

    MORTGAGE MARKETS CUSO 30 Year Conventional Loans silver MORTGAGE MARKETS CUSO 30 Year Conventional Loans gold MORTGAGE MARKETS CUSO 30 Year Conventional Loans gold
    Show all (3) 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
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 108 $22,710,000 $210,278 $4,467 3.73%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $6,470,000 $248,846 $5,138 3.82%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 28 $6,070,000 $216,786 $5,025 3.76%
    Torrington, CT (FHA|USDA|VA) 15 $3,125,000 $208,333 $4,637 3.62%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 9 $1,605,000 $178,333 $4,753 3.63%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $925,000 $308,333 $4,692 3.42%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $610,000 $152,500 $3,991 4.06%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $550,000 $275,000 $4,520 3.69%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $395,000 $131,667 $4,354 3.42%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $285,000 $285,000 $6,229 4.25%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $270,000 $135,000 $4,401 3.88%
    Elizabeth City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $4,977 3.75%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $225,000 $225,000 $5,607 3.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $3,545 3.75%
    Georgetown, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,288 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,301 3.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $11,791 4.13%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $3,713 3.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $115,000 $115,000 $4,331 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,928 4.00%
    Mortgage Markets Cuso's top markets include Hartford, Bridgeport, New Haven, Torrington, and Norwich among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MORTGAGE MARKETS CUSO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POLISH NATIONAL
    Similarity Rank: 104
    The Torrington Savings Bank
    Similarity Rank: 115
    Stafford Savings Bank
    Similarity Rank: 124
    CorePlus Federal Credit Union
    Similarity Rank: 154
    Collinsville Bank
    Similarity Rank: 156
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 208
    The Milford Bank
    Similarity Rank: 240
    SIKORSKY FINANCIAL
    Similarity Rank: 245
    Chelsea Groton Bank
    Similarity Rank: 280
    The Washington Trust Company, of Westerly
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 210 $44,680,000 $212,762 $4,684 3.73%

    For 2019, Mortgage Markets Cuso's most frequently originated type of loan was Conventional, with 210 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 123 $25,165,000 $204,593 $4,673 3.84%
    Cash Out Refi 50 $10,870,000 $217,400 $5,357 3.60%
    Refi 37 $8,645,000 $233,649 $3,813 3.55%

    For 2019, Mortgage Markets Cuso's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 161 $34,595,000 $214,876 $4,761 3.84%
    15 Year 36 $7,060,000 $196,111 $4,450 3.31%
    20 Year 12 $2,800,000 $233,333 $4,365 3.57%
    10 Year 1 $225,000 $225,000 $4,571 3.00%

    For 2019, Mortgage Markets Cuso's most frequently cited loan duration was 30 Year, with 161 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 105 $21,205,000 $201,952
    $2k-3k 60 $12,800,000 $213,333
    $3k-4k 22 $4,870,000 $221,364
    $5k+ 13 $3,615,000 $278,077
    $4k-5k 9 $1,975,000 $219,444
    $<1k 1 $215,000 $215,000

    Mortgage Markets Cuso's average total fees were $4,761, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 105 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 158 $33,400,000 $211,392
    4-5% 36 $7,740,000 $215,000
    2.5-3% 12 $2,490,000 $207,500
    5-6% 4 $1,050,000 $262,500

    During 2019, Mortgage Markets Cuso's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 3-4%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 95 $26,065,000 $274,368 $5,075 3.71%
    $100k-200k 90 $13,830,000 $153,667 $4,383 3.72%
    $100,000 or less 18 $1,500,000 $83,333 $3,865 3.83%
    $400k-600k 6 $2,680,000 $446,667 $5,498 3.94%
    $600k-1MM 1 $605,000 $605,000 $4,454 4.75%

    2019 saw Mortgage Markets Cuso place emphasis on $200k-400k loans with 95 originations, totaling $26,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $12,815,000 $233,000 $4,816 3.76%
    $50k-75k 47 $8,275,000 $176,064 $4,463 3.75%
    $75k-100k 46 $8,920,000 $193,913 $4,925 3.71%
    $150k-250k 43 $11,775,000 $273,837 $4,752 3.69%
    $50k or less 15 $1,995,000 $133,000 $4,082 3.88%
    $250k+ 4 $900,000 $225,000 $4,232 3.34%

    Mortgage Markets Cuso lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $14,195,000 $211,866 $4,710 3.76%
    30-36% 42 $8,360,000 $199,048 $4,368 3.76%
    <20% 19 $3,495,000 $183,947 $4,047 3.49%
    44% 12 $3,030,000 $252,500 $5,148 3.90%
    43% 10 $1,850,000 $185,000 $4,483 3.60%
    37% 9 $2,095,000 $232,778 $5,080 3.74%
    38% 7 $1,315,000 $187,857 $6,021 3.70%
    36% 7 $1,845,000 $263,571 $3,972 3.75%
    45% 6 $1,550,000 $258,333 $4,749 3.69%
    41% 5 $1,045,000 $209,000 $3,889 3.80%
    42% 4 $1,360,000 $340,000 $7,909 3.94%
    39% 4 $700,000 $175,000 $3,700 3.84%
    40% 4 $760,000 $190,000 $4,888 4.09%
    46% 4 $1,010,000 $252,500 $4,137 3.50%
    47% 4 $860,000 $215,000 $6,222 3.75%
    49% 3 $805,000 $268,333 $4,964 3.54%
    48% 2 $270,000 $135,000 $4,448 3.63%
    50-60% 1 $135,000 $135,000 $6,300 4.13%

    Mortgage Markets Cuso lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $31,755,000 $216,020 $4,699 3.71%
    Not provided 42 $8,930,000 $212,619 $4,401 3.82%
    Black 17 $3,225,000 $189,706 $5,234 3.69%
    Asian 3 $485,000 $161,667 $4,505 3.71%
    American Indian 1 $285,000 $285,000 $5,609 4.25%

    Approval Rates

    Total approvals of all applications
    97.11%

    Mortgage Markets Cuso has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.52%

    Mortgage Markets Cuso has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 210 $44,680,000 $212,762

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 210 $44,680,000 $212,762

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,440,000 $144,000 $4,092 3.66%
    40-60% 25 $4,595,000 $183,800 $4,252 3.53%
    60-80% 90 $19,850,000 $220,556 $5,061 3.69%
    80-100% 85 $18,795,000 $221,118 $4,482 3.85%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MORTGAGE CENTER, LC Conventional home mortgage Closing on a mortgage 1 50.0%
    MORTGAGE CENTER, LC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%