Alliance Bank Mortgage Rates, Fees & Info

Cape Girardeau, MO

LEI: 254900N9T42X4VF8F740

Tax ID: 43-1785814

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Mortgage Data

Review & Overview

Alliance Bank is a smaller bank specializing in Home Purchase loans. Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cape Girardeau, Sikeston, Miami, Gulfport, and Poplar Bluff among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alliance Bank 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.

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Originations

130

Origination Dollar Volume (All Markets)

$25,120,000

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
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 59 $12,545,000 $212,627 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 42 $5,610,000 $133,571 $0 0.00%
Outside of Metro Areas 18 $3,430,000 $190,556 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
Poplar Bluff, MO (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
Paducah, KY-IL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Murray, KY (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Alliance Bank's top markets include Cape Girardeau, Sikeston, Miami, Gulfport, and Poplar Bluff among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $25,120,000 $193,231 $0 0.00%

    For 2023, Alliance Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $18,760,000 $199,574 $0 0.00%
    Refi 19 $3,835,000 $201,842 $0 0.00%
    Cash Out Refi 13 $2,385,000 $183,462 $0 0.00%
    Home Improvement 4 $140,000 $35,000 $0 0.00%

    For 2023, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $25,120,000 $193,231 $0 0.00%

    For 2023, Alliance Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,105,000 $141,977 $0 0.00%
    $200k-400k 39 $10,555,000 $270,641 $0 0.00%
    $100,000 or less 38 $2,560,000 $67,368 $0 0.00%
    $400k-600k 8 $3,760,000 $470,000 $0 0.00%
    $1MM+ 1 $1,535,000 $1,535,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2023 saw Alliance Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $6,735,000 $249,444 $0 0.00%
    $50k or less 13 $1,375,000 $105,769 $0 0.00%
    $75k-100k 11 $2,195,000 $199,545 $0 0.00%
    $150k-250k 8 $2,340,000 $292,500 $0 0.00%
    $250k+ 6 $2,600,000 $433,333 $0 0.00%
    $50k-75k 5 $925,000 $185,000 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k or less, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $25,120,000 $193,231 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $16,640,000 $231,111 $0 0.00%
    Not applicable 58 $8,480,000 $146,207 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.27%

    Alliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.15%

    Alliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $25,120,000 $193,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $25,120,000 $193,231