Kellogg Midwest Federal Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300VHITS0GXJRXV39

Tax ID: 47-0386189

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
  • 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

    Kellogg Midwest Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Kellogg Midwest Federal Credit Union has a high proportion of conventional loans. Their top two markets are Omaha and Fremont .

    Kellogg Midwest Federal 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. Kellogg Midwest Federal 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 12/16/24
    30 Year Conventional Refi 6.64% 12/16/24
    15 Year Conventional Purchase 6.22% 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.

    Kellogg Midwest Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Kellogg Midwest Federal 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

    50

    Origination Dollar Volume (All Markets)

    $7,220,000

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 49 $6,815,000 $139,082 $2,931 3.69%
    Fremont, NE (FHA|USDA|VA) 1 $405,000 $405,000 $7,226 2.50%
    Kellogg Midwest Federal Credit Union's top markets include Omaha and Fremont among others.

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

    • Similar Lenders

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

    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    MUTUAL FIRST
    Similarity Rank: 288
    LIBERTY FIRST
    Similarity Rank: 396
    CORNHUSKER BANK
    Similarity Rank: 495
    South Metro Federal Credit Union
    Similarity Rank: 564
    Cobalt Credit Union
    Similarity Rank: 855
    METRO CU
    Similarity Rank: 880
    Central National Bank
    Similarity Rank: 900
    Union Bank and Trust Company
    Similarity Rank: 1240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $7,220,000 $144,400 $3,017 3.67%

    For 2020, Kellogg Midwest Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 19 $3,165,000 $166,579 $3,860 3.15%
    Refi 11 $1,995,000 $181,364 $3,724 3.57%
    Other 8 $380,000 $47,500 $461 4.65%
    Home Purchase 6 $1,410,000 $235,000 $5,218 3.15%
    Home Improvement 6 $270,000 $45,000 $258 4.74%

    For 2020, Kellogg Midwest Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 19 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $4,010,000 $222,778 $4,979 3.20%
    15 Year 13 $2,235,000 $171,923 $3,697 3.47%
    5 Year 10 $420,000 $42,000 $332 4.02%
    10 Year 8 $440,000 $55,000 $820 4.74%
    20 Year 1 $115,000 $115,000 $3,282 2.75%

    For 2020, Kellogg Midwest Federal Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $990,000 $49,500
    $3k-4k 13 $2,885,000 $221,923
    $2k-3k 10 $1,450,000 $145,000
    $4k-5k 4 $1,310,000 $327,500
    $1k-2k 2 $180,000 $90,000
    $5k+ 1 $405,000 $405,000

    Kellogg Midwest Federal Credit Union's average total fees were $4,979, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 19 $2,945,000 $155,000
    2.5-3% 14 $2,690,000 $192,143
    4-5% 7 $355,000 $50,714
    5-6% 6 $400,000 $66,667
    <2.5% 4 $830,000 $207,500

    During 2020, Kellogg Midwest Federal Credit Union's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,065,000 $50,714 $649 4.43%
    $100k-200k 16 $2,520,000 $157,500 $3,989 3.12%
    $200k-400k 12 $3,230,000 $269,167 $5,513 3.17%
    $400k-600k 1 $405,000 $405,000 $7,226 2.50%

    2020 saw Kellogg Midwest Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $3,320,000 $184,444 $3,844 3.57%
    $50k-75k 17 $2,165,000 $127,353 $3,018 3.20%
    $150k-250k 9 $1,205,000 $133,889 $2,264 4.48%
    $50k or less 3 $195,000 $65,000 $1,605 3.20%
    $250k+ 2 $140,000 $70,000 $247 5.99%
    $75k-100k 1 $195,000 $195,000 $4,654 2.88%

    Kellogg Midwest Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 13 $1,395,000 $107,308 $2,495 3.61%
    20-30% 12 $1,700,000 $141,667 $2,897 4.04%
    39% 6 $660,000 $110,000 $2,361 3.89%
    45% 4 $1,110,000 $277,500 $5,594 2.88%
    41% 3 $475,000 $158,333 $2,698 4.12%
    38% 3 $625,000 $208,333 $4,696 3.46%
    44% 3 $435,000 $145,000 $3,111 3.16%
    49% 2 $190,000 $95,000 $2,245 3.43%
    47% 2 $390,000 $195,000 $3,282 3.68%
    36% 1 $95,000 $95,000 $484 4.49%
    42% 1 $145,000 $145,000 $4,055 2.38%

    Kellogg Midwest Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $6,365,000 $141,444 $2,856 3.75%
    Not provided 3 $625,000 $208,333 $4,860 3.13%
    Black 1 $135,000 $135,000 $4,018 2.88%
    1 $95,000 $95,000 $3,736 2.75%

    Approval Rates

    Total approvals of all applications
    95.16%

    Kellogg Midwest Federal Credit Union 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
    84.00%

    Kellogg Midwest Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 50 $7,220,000 $144,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 50 $7,220,000 $144,400

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $355,000 $50,714 $392 4.74%
    40-60% 3 $275,000 $91,667 $2,390 3.08%
    60-80% 19 $3,785,000 $199,211 $4,478 3.09%
    80-100% 10 $2,340,000 $234,000 $5,194 3.05%
    Under 20% 11 $465,000 $42,273 $355 4.72%