Members Mortgage Services Rates, Fees & Info

Hutchinson, KS

LEI: 549300JMT2KAYN9PTX82

Tax ID: 36-4548399

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

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  • 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

    Members Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Members Mortgage Services has an average proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Topeka, Kansas City, and Springfield among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Members Mortgage Services 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. Members Mortgage Services 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 6.66% 12/16/24
    30 Year Conventional Refi 7.02% 12/16/24
    30 Year Cash-out Refi 6.45% 12/16/24
    30 Year FHA Purchase 7.38% 12/16/24
    30 Year FHA Refi 7.59% 12/16/24
    30 Year VA Purchase 6.55% 12/16/24
    30 Year VA Refi 5.89% 12/16/24
    30 Year USDA Purchase 6.89% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    15 Year FHA Purchase 7.34% 12/16/24
    15 Year FHA Refi 6.86% 12/16/24
    15 Year VA Purchase 6.72% 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.

    Members Mortgage Services Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Members Mortgage Services. 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

    148

    Origination Dollar Volume (All Markets)

    $23,270,000
    Show all (8) 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
    WICHITA, KS (FHA|USDA|VA) 46 $8,050,000 $175,000 $4,444 2.79%
    Hutchinson, KS (FHA|USDA|VA) 24 $3,370,000 $140,417 $4,367 2.74%
    TOPEKA, KS (FHA|USDA|VA) 10 $1,740,000 $174,000 $5,070 2.68%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $1,730,000 $173,000 $4,383 2.64%
    SPRINGFIELD, MO (FHA|USDA|VA) 6 $1,140,000 $190,000 $4,394 2.88%
    Dodge City, KS (FHA|USDA|VA) 7 $1,065,000 $152,143 $4,643 2.77%
    Outside of Metro Areas 11 $1,035,000 $94,091 $2,986 2.93%
    MANHATTAN, KS (FHA|USDA|VA) 4 $800,000 $200,000 $2,358 2.72%
    GRAND ISLAND, NE (FHA|USDA|VA) 5 $725,000 $145,000 $4,183 2.80%
    Emporia, KS (FHA|USDA|VA) 4 $570,000 $142,500 $3,501 3.00%
    Pittsburg, KS (FHA|USDA|VA) 5 $555,000 $111,000 $4,769 2.75%
    McPherson, KS (FHA|USDA|VA) 3 $445,000 $148,333 $3,400 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $330,000 $165,000 $2,233 2.75%
    JOPLIN, MO (FHA|USDA|VA) 1 $315,000 $315,000 $8,913 2.13%
    Salina, KS (FHA|USDA|VA) 2 $270,000 $135,000 $4,395 2.94%
    LAWRENCE, KS (FHA|USDA|VA) 1 $235,000 $235,000 $8,987 2.63%
    Poplar Bluff, MO (FHA|USDA|VA) 2 $200,000 $100,000 $2,055 3.25%
    Branson, MO (FHA|USDA|VA) 1 $175,000 $175,000 $1,971 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $4,859 2.75%
    Coffeyville, KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,576 3.38%
    Great Bend, KS (FHA|USDA|VA) 1 $145,000 $145,000 $4,582 3.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $3,779 2.75%
    Members Mortgage Services's top markets include Wichita, Hutchinson, Topeka, Kansas City, and Springfield among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

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

    GOLDEN PLAINS
    Similarity Rank: 136
    SKYWARD
    Similarity Rank: 240
    Members Mortgage Services, L.L.C.
    Similarity Rank: 264
    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 264
    Central National Bank
    Similarity Rank: 363
    MID AMERICAN
    Similarity Rank: 500
    Wichita Federal Credit Union
    Similarity Rank: 553
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 560
    Intrust Bank
    Similarity Rank: 946
    CREDIT UNION OF AMERICA
    Similarity Rank: 1054

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 102 $16,250,000 $159,314 $4,473 2.76%
    VA 17 $3,155,000 $185,588 $5,361 2.65%
    USDA 16 $1,920,000 $120,000 $3,250 3.11%
    Conventional 13 $1,945,000 $149,615 $2,110 2.88%

    For 2021, Members Mortgage Services's most frequently originated type of loan was FHA, with 102 originations. Their 2nd most popular type was VA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 129 $20,415,000 $158,256 $4,375 2.80%
    Cash Out Refi 9 $1,585,000 $176,111 $4,337 2.81%
    Other 4 $510,000 $127,500 $2,309 2.69%
    Refi 4 $490,000 $122,500 $2,565 2.56%
    Home Improvement 2 $270,000 $135,000 $1,975 2.75%

    For 2021, Members Mortgage Services's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 139 $22,255,000 $160,108 $4,316 2.80%
    15 Year 7 $825,000 $117,857 $3,164 2.70%
    20 Year 2 $190,000 $95,000 $2,411 2.94%

    For 2021, Members Mortgage Services's most frequently cited loan duration was 30 Year, with 139 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 124 $18,380,000 $148,226
    $1k-2k 18 $3,250,000 $180,556
    $2k-3k 6 $1,640,000 $273,333

    Members Mortgage Services's average total fees were $4,316, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 105 $16,515,000 $157,286
    <2.5% 23 $3,885,000 $168,913
    3-4% 20 $2,870,000 $143,500

    During 2021, Members Mortgage Services's average interest rate for loans was 2.80%, while their most frequently originated rate bucket for loans was 2.5-3%, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 85 $12,725,000 $149,706 $4,055 2.76%
    $100,000 or less 34 $2,680,000 $78,824 $2,805 2.86%
    $200k-400k 28 $7,450,000 $266,071 $6,527 2.84%
    $400k-600k 1 $415,000 $415,000 $4,047 2.50%

    2021 saw Members Mortgage Services place emphasis on $100k-200k loans with 85 originations, totaling $12,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 64 $7,580,000 $118,438 $3,537 2.79%
    $50k-75k 48 $7,680,000 $160,000 $4,406 2.79%
    $100k-150k 17 $3,925,000 $230,882 $5,476 2.87%
    $75k-100k 15 $2,845,000 $189,667 $5,223 2.82%
    $150k-250k 4 $1,240,000 $310,000 $4,388 2.59%

    Members Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 49 $7,865,000 $160,510 $4,207 2.83%
    30-36% 25 $3,395,000 $135,800 $4,278 2.86%
    20-30% 15 $2,485,000 $165,667 $3,507 2.69%
    50-60% 6 $900,000 $150,000 $4,504 2.79%
    38% 6 $950,000 $158,333 $4,251 2.83%
    41% 6 $1,110,000 $185,000 $5,068 2.75%
    47% 5 $1,095,000 $219,000 $4,327 2.55%
    37% 4 $600,000 $150,000 $4,126 2.75%
    39% 4 $490,000 $122,500 $3,264 3.03%
    42% 4 $940,000 $235,000 $6,195 2.75%
    43% 4 $760,000 $190,000 $6,754 2.84%
    45% 3 $475,000 $158,333 $4,157 3.00%
    40% 3 $425,000 $141,667 $5,088 2.71%
    44% 3 $335,000 $111,667 $3,713 2.50%
    46% 2 $260,000 $130,000 $1,969 2.56%
    36% 2 $200,000 $100,000 $2,150 2.69%
    49% 2 $310,000 $155,000 $4,850 2.75%
    48% 1 $125,000 $125,000 $5,293 2.63%

    Members Mortgage Services lent most frequently to those with DTI ratios of <20%, with 49 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 126 $19,200,000 $152,381 $4,086 2.80%
    Not provided 17 $3,125,000 $183,824 $5,054 2.79%
    Black 3 $555,000 $185,000 $4,733 2.54%
    Asian 1 $215,000 $215,000 $6,328 3.00%
    American Indian 1 $175,000 $175,000 $5,589 2.75%

    Approval Rates

    Total approvals of all applications
    99.10%

    Members Mortgage Services 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
    49.32%

    Members Mortgage Services 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 148 $23,270,000 $157,230

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    148 $23,270,000 $157,230

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 2 $330,000 $165,000 $2,213 3.38%
    60-80% 8 $1,340,000 $167,500 $4,185 2.75%
    80-100% 125 $19,475,000 $155,800 $4,098 2.79%
    Over 100% 8 $1,380,000 $172,500 $7,074 2.73%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MEMBERS MORTGAGE COMPANY, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%