Isabella Bank Mortgage Rates, Fees & Info

Mount Pleasant, MI

LEI: 549300XYX207IABFXL60

Tax ID: 38-0681630

5 stars - Updated: 4/5/25 - out of 5 stars, based on 26 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Isabella Bank is a smaller bank specializing in Home Purchase and Refi loans. Isabella Bank has a high proportion of conventional loans. Isabella Bank has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Mount Pleasant, Midland, Big Rapids, Lansing, and Saginaw among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Isabella Bank 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. Isabella Bank 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 6.57% 4/5/25
    30 Year Conventional Refi 6.23% 4/5/25
    30 Year Cash-out Refi 6.94% 4/5/25
    30 Year USDA Purchase 7.07% 4/5/25
    15 Year Conventional Purchase 6.07% 4/5/25
    15 Year Conventional Refi 6.19% 4/5/25
    15 Year Cash-out Refi 6.19% 4/5/25
    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.

    Isabella Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Isabella Bank. 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

    662

    Origination Dollar Volume (All Markets)

    $138,140,000
    Show all (13) awards

    Relative Rate

    Isabella Bank's average 30 year fixed mortgage rate was 6.16%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.39%.

    Relative Fees (Closing Costs)

    Isabella Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,031.

    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 $8,356.

    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
    Mount Pleasant, MI (FHA|USDA|VA) 210 $36,830,000 $175,381 $2,486 6.31%
    Outside of Metro Areas 98 $20,140,000 $205,510 $2,695 6.26%
    MIDLAND, MI (FHA|USDA|VA) 81 $20,105,000 $248,210 $3,135 6.31%
    Big Rapids, MI (FHA|USDA|VA) 69 $13,755,000 $199,348 $2,479 6.52%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $13,460,000 $3,365,000 $2,851 6.67%
    SAGINAW, MI (FHA|USDA|VA) 54 $12,150,000 $225,000 $3,417 6.90%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 64 $7,260,000 $113,438 $1,901 6.27%
    Alma, MI (FHA|USDA|VA) 46 $6,420,000 $139,565 $2,821 6.36%
    BAY CITY, MI (FHA|USDA|VA) 13 $3,165,000 $243,462 $3,078 6.20%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,555,000 $311,000 $4,040 6.92%
    Traverse City, MI (FHA|USDA|VA) 5 $765,000 $153,000 $2,347 6.05%
    MUSKEGON, MI (FHA|USDA|VA) 2 $660,000 $330,000 $7,378 6.88%
    Cadillac, MI (FHA|USDA|VA) 3 $535,000 $178,333 $2,814 7.06%
    FLINT, MI (FHA|USDA|VA) 2 $480,000 $240,000 $5,029 6.50%
    Marquette, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Sault Ste. Marie, MI (FHA|USDA|VA) 2 $250,000 $125,000 $2,668 6.06%
    JACKSON, MI (FHA|USDA|VA) 2 $200,000 $100,000 $1,503 6.00%
    Holland, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Isabella Bank's top markets include Mount Pleasant, Midland, Big Rapids, Lansing, and Saginaw among others.

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

    • Similar Lenders

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

    MEMBERS FIRST Credit Union
    Similarity Rank: 39
    HEALTH ADVANTAGE FEDERAL CREDIT UNION
    Similarity Rank: 77
    JOLT CREDIT UNION
    Similarity Rank: 90
    Polish-American Federal Credit Union
    Similarity Rank: 90
    Dearborn Federal Savings Bank
    Similarity Rank: 100
    MEMBERFOCUS COMMUNITY
    Similarity Rank: 120
    AAC Credit Union
    Similarity Rank: 138
    LAFCU
    Similarity Rank: 210
    PFCU
    Similarity Rank: 210
    Frankenmuth Credit Union
    Similarity Rank: 252

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 462 $109,320,000 $236,623 $2,657 6.38%
    Conventional 198 $28,560,000 $144,242 $0 0.00%
    USDA 2 $260,000 $130,000 $3,894 6.31%

    For 2024, Isabella Bank's most frequently originated type of loan was Conventional, with 462 originations. Their 2nd most popular type was Conventional, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 305 $78,765,000 $258,246 $3,366 6.42%
    Refi 144 $28,100,000 $195,139 $1,842 6.39%
    Home Improvement 120 $21,410,000 $178,417 $1,268 6.34%
    Other 87 $8,355,000 $96,034 $1,632 6.19%
    Cash Out Refi 6 $1,510,000 $251,667 $2,760 6.00%

    For 2024, Isabella Bank's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Refi, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $43,765,000 $207,417 $1,847 7.44%
    30 Year 200 $46,320,000 $231,600 $3,031 6.16%
    15 Year 126 $11,600,000 $92,063 $1,301 6.34%
    20 Year 54 $10,510,000 $194,630 $2,580 7.41%
    30+ year 49 $22,525,000 $459,694 $5,063 5.93%
    10 Year 11 $1,135,000 $103,182 $1,489 6.80%
    5 Year 9 $325,000 $36,111 $942 5.72%
    1 Year 1 $605,000 $605,000 $0 7.75%
    3 Year 1 $1,355,000 $1,355,000 $0 8.00%

    For 2024, Isabella Bank's most frequently cited loan duration was Other, with 211 originations. The 2nd most popular length was 30 Year, with 200 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 381 $78,925,000 $207,152
    $1k-2k 14 $2,340,000 $167,143
    $2k-3k 3 $705,000 $235,000
    $4k-5k 3 $815,000 $271,667
    $3k-4k 2 $250,000 $125,000
    $5k+ 2 $640,000 $320,000

    Isabella Bank's average total fees were $3,031, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 381 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 262 $49,000,000 $187,023
    5-6% 139 $35,065,000 $252,266
    7-8% 51 $23,695,000 $464,608
    Over 8% 12 $1,820,000 $151,667

    During 2024, Isabella Bank's average interest rate for loans was 6.16%, while their most frequently originated rate bucket for loans was 6-7%, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 266 $14,650,000 $55,075 $1,484 6.44%
    $100k-200k 191 $27,015,000 $141,440 $2,609 6.45%
    $200k-400k 145 $39,305,000 $271,069 $3,288 6.21%
    $400k-600k 30 $13,990,000 $466,333 $4,580 6.25%
    $600k-1MM 17 $12,675,000 $745,588 $5,111 6.45%
    $1MM+ 13 $30,505,000 $2,346,538 $6,539 6.69%

    2024 saw Isabella Bank place emphasis on $100,000 or less loans with 266 originations, totaling $14,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 114 $20,480,000 $179,649 $2,968 6.13%
    $50k-75k 104 $10,480,000 $100,769 $2,161 6.29%
    $75k-100k 100 $14,050,000 $140,500 $2,489 6.11%
    $150k-250k 86 $19,580,000 $227,674 $3,060 6.11%
    $50k or less 69 $5,165,000 $74,855 $2,144 6.16%
    $250k+ 60 $26,700,000 $445,000 $4,011 6.07%

    Isabella Bank lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 198 $28,560,000 $144,242 $0 0.00%
    20-30% 107 $20,285,000 $189,579 $2,708 6.13%
    30-36% 107 $21,555,000 $201,449 $2,680 6.17%
    <20% 42 $11,520,000 $274,286 $3,089 6.10%
    39% 26 $3,870,000 $148,846 $2,068 6.09%
    38% 17 $3,215,000 $189,118 $2,879 6.10%
    37% 13 $1,925,000 $148,077 $2,684 6.06%
    44% 12 $4,590,000 $382,500 $2,960 6.30%
    40% 12 $2,880,000 $240,000 $2,593 6.25%
    41% 12 $4,070,000 $339,167 $3,523 6.30%
    36% 9 $2,525,000 $280,556 $2,805 6.25%
    42% 8 $2,160,000 $270,000 $2,521 6.27%
    47% 7 $1,065,000 $152,143 $2,486 6.54%
    45% 6 $1,530,000 $255,000 $3,140 5.88%
    43% 5 $645,000 $129,000 $2,359 5.93%
    48% 3 $195,000 $65,000 $1,054 6.00%
    49% 2 $250,000 $125,000 $2,076 6.13%
    50-60% 2 $350,000 $175,000 $2,429 6.13%
    >60% 1 $15,000 $15,000 $331 6.50%
    46% 1 $365,000 $365,000 $2,902 6.63%

    Isabella Bank lent most frequently to those with DTI ratios of Exempt%, with 198 originations. The next most common DTI ratio? 20-30%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 551 $95,095,000 $172,586 $2,656 6.21%
    Not applicable 61 $32,575,000 $534,016 $0 7.82%
    Not provided 29 $6,305,000 $217,414 $2,809 6.24%
    Asian 4 $1,720,000 $430,000 $3,948 6.25%
    Black 11 $1,425,000 $129,545 $2,524 7.17%
    Asian Indian 1 $435,000 $435,000 $3,247 6.25%
    Korean 1 $325,000 $325,000 $2,990 6.50%
    American Indian 4 $260,000 $65,000 $1,549 6.50%

    Approval Rates

    Total approvals of all applications
    84.13%

    Isabella Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.55%

    Isabella Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 198 $28,560,000 $144,242
    NA 464 $109,580,000 $236,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    662 $138,140,000 $208,671

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $7,955,000 $112,042 $1,784 6.36%
    40-60% 65 $15,145,000 $233,000 $2,736 6.38%
    60-80% 131 $43,605,000 $332,863 $3,154 6.52%
    80-100% 126 $39,250,000 $311,508 $3,581 6.31%
    Under 20% 58 $2,960,000 $51,034 $1,033 6.26%