Case Mortgage Rates, Fees & Info
Lansing, MILEI: 549300I6G5QEIEI78C93
Tax ID: 38-0745805
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Case is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Case has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Battle Creek, Flint, Adrian, and Detroit among others. We have data for 9 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% | 11/21/24 |
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| 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. | ||
Case Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
112Origination Dollar Volume (All Markets)
$20,370,000Top 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) | 89 | $11,405,000 | $128,146 | $0 | 5.20% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $3,125,000 | $1,041,667 | $0 | 4.95% |
| Outside of Metro Areas | 12 | $2,240,000 | $186,667 | $0 | 4.70% |
| FLINT, MI (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 4.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 4.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 5.50% |
| Alma, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
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 | 84 | $5,040,000 | $60,000 | n/a | 5.32% |
| Conventional | 28 | $15,330,000 | $547,500 | $0 | 4.80% |
For 2022, Case's most frequently originated type of loan was HELOC, with 84 originations. Their 2nd most popular type was Conventional, with 28 originations.
Loan Reason
For 2022, Case's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Improvement, with 33 originations.
Loan Duration/Length
For 2022, Case's most frequently cited loan duration was Other, with 93 originations. The 2nd most popular length was 20 Year, with 8 originations.
Interest Rates
During 2022, Case's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 42 originations.
Loan Sizing
2022 saw Case place emphasis on $100,000 or less loans with 77 originations, totaling $3,465,000 in origination value.
Applicant Income
Case lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
Case lent most frequently to those with DTI ratios of <20%, with 23 originations. The next most common DTI ratio? 20-30%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.00%
Case has an average approval rate.
Pick Rate
Approvals leading to origination51.79%
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 | 107 | $15,335,000 | $143,318 |
| NA | 5 | $5,035,000 | $1,007,000 |