Mazuma Credit Union Mortgage Rates, Fees & Info

Overland Park, KS

LEI: 549300JDDZ5OVOP5E294

Tax ID: 44-0544335

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

    Mazuma Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Mazuma Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kansas City, Warrensburg, Lawrence, St. Joseph, and Sedalia among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mazuma Credit Union 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. Mazuma Credit Union 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 6.98% 11/22/24
    30 Year Conventional Refi 6.79% 11/22/24
    30 Year Cash-out Refi 7.30% 11/22/24
    30 Year FHA Purchase 7.25% 11/22/24
    30 Year VA Purchase 5.78% 11/22/24
    15 Year Conventional Purchase 6.36% 11/22/24
    15 Year Conventional Refi 6.37% 11/22/24
    15 Year Cash-out Refi 6.37% 11/22/24
    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

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

    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

    580

    Origination Dollar Volume (All Markets)

    $120,240,000
    Show all (5) 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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 528 $109,200,000 $206,818 $3,002 3.18%
    Outside of Metro Areas 14 $2,700,000 $192,857 $2,785 3.10%
    Warrensburg, MO (FHA|USDA|VA) 7 $1,225,000 $175,000 $2,541 3.38%
    LAWRENCE, KS (FHA|USDA|VA) 6 $1,110,000 $185,000 $3,565 3.23%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $805,000 $268,333 $3,951 2.92%
    Sedalia, MO (FHA|USDA|VA) 1 $665,000 $665,000 $2,350 3.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $640,000 $320,000 $7,590 2.19%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $410,000 $205,000 $3,489 2.69%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,247 2.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,955 3.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $335,000 $335,000 $2,882 2.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $275,000 $275,000 $3,385 3.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $255,000 $255,000 $7,969 2.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,336 3.25%
    FRESNO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,412 3.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,259 2.75%
    Vernal, UT (FHA|USDA|VA) 1 $215,000 $215,000 $2,769 3.25%
    TOPEKA, KS (FHA|USDA|VA) 2 $170,000 $85,000 $2,850 3.19%
    Kalispell, MT (FHA|USDA|VA) 1 $155,000 $155,000 $2,626 3.00%
    Rolla, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,470 2.50%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,237 2.88%
    Lebanon, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,673 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,228 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $105,000 $105,000 $3,774 2.63%
    Mazuma Credit Union's top markets include Kansas City, Warrensburg, Lawrence, St. Joseph, and Sedalia among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • 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.

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 426
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693
    CoreFirst Bank & Trust
    Similarity Rank: 759
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 1062
    Truity Federal Credit Union
    Similarity Rank: 1274
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1428
    Central National Bank
    Similarity Rank: 1782
    Union Bank and Trust Company
    Similarity Rank: 1862
    Envista Credit Union
    Similarity Rank: 2370
    Hawthorn Bank
    Similarity Rank: 2600

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 536 $111,400,000 $207,836 $2,835 3.20%
    FHA 26 $5,250,000 $201,923 $6,366 2.81%
    VA 18 $3,590,000 $199,444 $3,906 2.69%

    For 2021, Mazuma Credit Union's most frequently originated type of loan was Conventional, with 536 originations. Their 2nd most popular type was FHA, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 180 $34,150,000 $189,722 $2,807 2.95%
    Cash Out Refi 175 $34,205,000 $195,457 $3,023 3.30%
    Home Purchase 174 $42,620,000 $244,943 $3,242 3.20%
    Home Improvement 51 $9,265,000 $181,667 $3,082 3.33%

    For 2021, Mazuma Credit Union's most frequently cited loan purpose was Refi, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 175 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 387 $86,845,000 $224,406 $3,191 3.31%
    15 Year 126 $20,450,000 $162,302 $2,669 2.77%
    20 Year 48 $9,580,000 $199,583 $2,893 3.16%
    Other 10 $1,970,000 $197,000 $2,384 3.30%
    10 Year 9 $1,395,000 $155,000 $2,389 2.50%

    For 2021, Mazuma Credit Union's most frequently cited loan duration was 30 Year, with 387 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 292 $66,250,000 $226,884
    $1k-2k 201 $35,135,000 $174,801
    $2k-3k 38 $7,200,000 $189,474
    $3k-4k 24 $5,180,000 $215,833
    $5k+ 18 $5,030,000 $279,444
    $4k-5k 7 $1,445,000 $206,429

    Mazuma Credit Union's average total fees were $3,191, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 270 $59,030,000 $218,630
    2.5-3% 225 $45,935,000 $204,156
    <2.5% 53 $10,425,000 $196,698
    4-5% 32 $4,850,000 $151,563

    During 2021, Mazuma Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 270 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 259 $38,895,000 $150,174 $2,792 3.11%
    $200k-400k 230 $61,910,000 $269,174 $3,447 3.19%
    $100,000 or less 60 $4,280,000 $71,333 $2,528 3.33%
    $400k-600k 27 $12,295,000 $455,370 $2,859 3.09%
    $600k-1MM 4 $2,860,000 $715,000 $2,615 3.56%

    2021 saw Mazuma Credit Union place emphasis on $100k-200k loans with 259 originations, totaling $38,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 150 $37,990,000 $253,267 $2,901 3.17%
    $50k-75k 143 $24,075,000 $168,357 $3,043 3.21%
    $75k-100k 127 $25,705,000 $202,402 $3,317 3.14%
    $50k or less 93 $11,635,000 $125,108 $2,861 3.25%
    $150k-250k 55 $17,295,000 $314,455 $2,896 3.06%
    $250k+ 7 $2,555,000 $365,000 $3,488 2.91%

    Mazuma Credit Union lent most frequently to those with incomes in the $100k-150k range, with 150 originations. The second most popular income band? $50k-75k, with 143 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 158 $29,770,000 $188,418 $2,682 3.22%
    30-36% 122 $25,840,000 $211,803 $3,269 3.14%
    <20% 55 $9,195,000 $167,182 $2,509 3.01%
    44% 31 $7,175,000 $231,452 $3,359 3.21%
    42% 22 $5,280,000 $240,000 $3,292 3.09%
    41% 21 $4,745,000 $225,952 $3,373 3.10%
    39% 20 $5,310,000 $265,500 $2,698 3.46%
    49% 19 $3,825,000 $201,316 $3,824 3.27%
    40% 19 $4,205,000 $221,316 $2,925 3.06%
    38% 18 $4,130,000 $229,444 $2,685 3.34%
    36% 18 $4,470,000 $248,333 $4,068 3.25%
    43% 17 $3,205,000 $188,529 $3,163 3.18%
    37% 14 $2,450,000 $175,000 $2,471 3.13%
    48% 11 $2,855,000 $259,545 $2,519 3.24%
    47% 9 $1,915,000 $212,778 $2,966 3.22%
    45% 9 $2,195,000 $243,889 $3,700 3.01%
    46% 7 $1,795,000 $256,429 $3,920 3.18%
    50-60% 4 $700,000 $175,000 $5,850 2.66%

    Mazuma Credit Union lent most frequently to those with DTI ratios of 20-30%, with 158 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 337 $69,635,000 $206,632 $2,936 3.17%
    Not provided 149 $32,715,000 $219,564 $3,198 3.16%
    Black 85 $16,305,000 $191,824 $3,126 3.16%
    Asian 5 $925,000 $185,000 $2,729 2.95%
    American Indian 3 $385,000 $128,333 $2,570 3.50%
    Other Asian 1 $275,000 $275,000 $2,610 3.25%

    Approval Rates

    Total approvals of all applications
    90.94%

    Mazuma Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    37.76%

    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 580 $120,240,000 $207,310

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    580 $120,240,000 $207,310

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,910,000 $106,111 $2,455 2.84%
    40-60% 81 $12,285,000 $151,667 $2,539 2.89%
    60-80% 256 $51,330,000 $200,508 $3,095 3.19%
    80-100% 224 $54,610,000 $243,795 $3,168 3.26%
    Under 20% 1 $105,000 $105,000 $3,774 2.63%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MECHANICS BANK Conventional home mortgage Closing on a mortgage 1 50.0%
    MECHANICS BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%