Case Mortgage Rates, Fees & Info
Lansing, MILEI: 549300I6G5QEIEI78C93
Tax ID: 38-0745805
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Mortgage Data
Review & Overview
Case is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Case has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Detroit, Cadillac, Jackson, and Hillsdale among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Case 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/30/24 |
| 30 Year Conventional Purchase | 6.27% | 4/30/24 |
| 30 Year Conventional Refi | 6.27% | 4/30/24 |
| 30 Year Cash-out Refi | 6.27% | 4/30/24 |
| 15 Year Conventional Refi | 5.68% | 4/30/24 |
| 15 Year Cash-out Refi | 5.68% | 4/30/24 |
| 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. | ||
Case Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
86Origination Dollar Volume (All Markets)
$7,190,000Top 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 |
|---|---|---|---|---|---|
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 73 | $5,925,000 | $81,164 | $0 | 9.16% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $835,000 | $119,286 | $0 | 8.41% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.00% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 8.63% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.25% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.75% |
| FLINT, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 10.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against CASE 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 |
|---|---|---|---|---|---|
| HELOC | 78 | $4,740,000 | $60,769 | n/a | 9.30% |
| Conventional | 8 | $2,450,000 | $306,250 | $0 | 6.86% |
For 2023, Case's most frequently originated type of loan was HELOC, with 78 originations. Their 2nd most popular type was Conventional, with 8 originations.
Loan Reason
For 2023, Case's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 28 originations.
Loan Duration/Length
For 2023, Case's most frequently cited loan duration was Other, with 78 originations. The 2nd most popular length was 5 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 61 | $3,415,000 | $55,984 |
| 7-8% | 23 | $3,315,000 | $144,130 |
| <2.5% | 1 | $105,000 | $105,000 |
| 6-7% | 1 | $355,000 | $355,000 |
During 2023, Case's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 61 originations.
Loan Sizing
2023 saw Case place emphasis on $100,000 or less loans with 66 originations, totaling $2,800,000 in origination value.
Applicant Income
Case lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
Case lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.33%
Case has a below average approval rate.
Pick Rate
Approvals leading to origination51.16%
Case 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 | 86 | $7,190,000 | $83,605 |