Memberfocus Community Mortgage Rates, Fees & Info
Dearborn, MILEI: 549300ZX2TCCVHMJN581
Tax ID: 38-0549595
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Mortgage Data
Review & Overview
Memberfocus Community is a smaller mortgage company specializing in Other, Home Improvement, and Home Purchase loans. Memberfocus Community has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Flint, Lansing, Ann Arbor, and Jackson among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Memberfocus Community 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. Memberfocus Community 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.13% | 4/5/25 |
| 30 Year Conventional Purchase | 5.91% | 4/5/25 |
| 30 Year Conventional Refi | 5.85% | 4/5/25 |
| 30 Year Cash-out Refi | 5.76% | 4/5/25 |
| 15 Year Conventional Purchase | 5.90% | 4/5/25 |
| 15 Year Conventional Refi | 7.04% | 4/5/25 |
| 15 Year Cash-out Refi | 7.04% | 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. | ||
Memberfocus Community Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Memberfocus Community. 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
510Origination Dollar Volume (All Markets)
$44,900,000Awards
MEMBERFOCUS COMMUNITY - 2024
MEMBERFOCUS COMMUNITY is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Memberfocus Community's average 30 year fixed mortgage rate was
5.79%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.76%.
Relative Fees (Closing Costs)
Memberfocus Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,028.
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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 466 | $40,930,000 | $87,833 | $541 | 6.63% |
| FLINT, MI (FHA|USDA|VA) | 11 | $1,005,000 | $91,364 | $1,190 | 6.33% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 10 | $850,000 | $85,000 | $1,063 | 6.85% |
| Outside of Metro Areas | 8 | $780,000 | $97,500 | $2,050 | 6.04% |
| ANN ARBOR, MI (FHA|USDA|VA) | 6 | $360,000 | $60,000 | $0 | 7.21% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 8.03% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,952 | 5.50% |
| MONROE, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,595 | 6.37% |
| NILES, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,946 | 6.38% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against MEMBERFOCUS COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 90
Similarity Rank: 100
Similarity Rank: 120
Similarity Rank: 405
Similarity Rank: 432
Similarity Rank: 506
Similarity Rank: 640
Similarity Rank: 668
Similarity Rank: 756
Similarity Rank: 768
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 267 | $20,945,000 | $78,446 | n/a | 6.35% |
| Conventional | 243 | $23,955,000 | $98,580 | $611 | 6.94% |
For 2024, Memberfocus Community's most frequently originated type of loan was HELOC, with 267 originations. Their 2nd most popular type was Conventional, with 243 originations.
Loan Reason
For 2024, Memberfocus Community's most frequently cited loan purpose was Other, with 224 originations. The 2nd most popular reason was Home Improvement, with 183 originations.
Loan Duration/Length
For 2024, Memberfocus Community's most frequently cited loan duration was Other, with 309 originations. The 2nd most popular length was 20 Year, with 68 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 239 | $23,055,000 | $96,464 |
| $1k-2k | 3 | $605,000 | $201,667 |
| $2k-3k | 1 | $295,000 | $295,000 |
Memberfocus Community's average total fees were $3,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 209 | $22,035,000 | $105,431 |
| 6-7% | 135 | $9,735,000 | $72,111 |
| 7-8% | 74 | $4,900,000 | $66,216 |
| Over 8% | 69 | $6,015,000 | $87,174 |
| 4-5% | 23 | $2,215,000 | $96,304 |
During 2024, Memberfocus Community's average interest rate for loans was 5.79%, while their most frequently originated rate bucket for loans was 5-6%, with 209 originations.
Loan Sizing
2024 saw Memberfocus Community place emphasis on $100,000 or less loans with 353 originations, totaling $17,665,000 in origination value.
Applicant Income
Memberfocus Community lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $75k-100k, with 121 originations.
Applicant Debt to Income Ratio
Memberfocus Community lent most frequently to those with DTI ratios of 20-30%, with 122 originations. The next most common DTI ratio? 30-36%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.96%
Memberfocus Community has an average approval rate.
Pick Rate
Approvals leading to origination75.88%
Memberfocus Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 510 | $44,900,000 | $88,039 |