Mazuma Credit Union Mortgage Rates, Fees & Info
Overland Park, KSLEI: 549300JDDZ5OVOP5E294
Tax ID: 44-0544335
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Mortgage Data
Review & Overview
Mazuma Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Mazuma Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Kansas City, Orlando, Breckenridge, Warrensburg, and Wichita among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Mazuma Credit Union 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. Mazuma Credit Union 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.98% | 12/16/24 |
| 30 Year Conventional Refi | 6.79% | 12/16/24 |
| 30 Year Cash-out Refi | 7.30% | 12/16/24 |
| 30 Year FHA Purchase | 7.25% | 12/16/24 |
| 30 Year VA Purchase | 5.78% | 12/16/24 |
| 15 Year Conventional Purchase | 6.36% | 12/16/24 |
| 15 Year Conventional Refi | 6.37% | 12/16/24 |
| 15 Year Cash-out Refi | 6.37% | 12/16/24 |
| 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. | ||
Mazuma Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Mazuma 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
135Origination Dollar Volume (All Markets)
$31,165,000Awards
Mazuma Credit Union - 2023
Mazuma Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mazuma Credit Union's average 30 year fixed mortgage rate was
6.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.32%.
Relative Fees (Closing Costs)
Mazuma Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,121.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 115 | $26,995,000 | $234,739 | $5,065 | 6.76% |
| Outside of Metro Areas | 4 | $610,000 | $152,500 | $4,860 | 6.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $12,411 | 7.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 7.50% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,415 | 7.38% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,683 | 7.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,857 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,572 | 6.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,817 | 7.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,719 | 6.63% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,190 | 6.13% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,699 | 7.88% |
| Maryville, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,354 | 6.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,301 | 8.13% |
| Branson, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,156 | 6.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,043 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mazuma Credit Union 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 |
|---|---|---|---|---|---|
| Conventional | 95 | $21,115,000 | $222,263 | $3,807 | 7.00% |
| FHA | 35 | $8,935,000 | $255,286 | $8,029 | 6.34% |
| VA | 5 | $1,115,000 | $223,000 | $7,393 | 6.08% |
For 2023, Mazuma Credit Union's most frequently originated type of loan was Conventional, with 95 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2023, Mazuma Credit Union's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
For 2023, Mazuma Credit Union's most frequently cited loan duration was 30 Year, with 131 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Mazuma Credit Union's average total fees were $5,121, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 59 | $13,375,000 | $226,695 |
| 7-8% | 53 | $12,535,000 | $236,509 |
| 5-6% | 21 | $4,965,000 | $236,429 |
| Over 8% | 2 | $290,000 | $145,000 |
During 2023, Mazuma Credit Union's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 59 originations.
Loan Sizing
2023 saw Mazuma Credit Union place emphasis on $100k-200k loans with 62 originations, totaling $9,360,000 in origination value.
Applicant Income
Mazuma Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
Mazuma Credit Union lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 50-60%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.11%
Mazuma Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination34.07%
Mazuma Credit Union 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 | 135 | $31,165,000 | $230,852 |