Marine Federal Credit Union Mortgage Rates, Fees & Info
Jacksonville, NCLEI: 549300OP5DX4ZL2E2S84
Tax ID: 56-0706163
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Marine Federal Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Marine Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Washington, Wilmington, Charlotte, and Morehead City among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Marine Federal 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.
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Originations
79Origination Dollar Volume (All Markets)
$12,765,000Top 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 |
|---|---|---|---|---|---|
| JACKSONVILLE, NC (FHA|USDA|VA) | 49 | $6,285,000 | $128,265 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Marion, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $12,765,000 | $161,582 | $0 | 0.00% |
For 2018, Marine Federal Credit Union's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
For 2018, Marine Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $12,765,000 | $161,582 | $0 | 0.00% |
For 2018, Marine Federal Credit Union's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2018 saw Marine Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,490,000 in origination value.
Applicant Income
Marine Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $150k-250k, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.80%
Marine Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination64.56%
Marine Federal 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 | 79 | $12,765,000 | $161,582 |