R-g Federal Credit Union Mortgage Rates, Fees & Info

Belton, MO

LEI: 254900RWHE2VKSDDXT72

Tax ID: 44-0622736

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

    R-g Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. R-g Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Warrensburg, Columbia, and Springfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    R-g Federal Credit Union has an above average approval rate when compared to the average across all lenders. R-g 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.

    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 6.11% 11/22/24
    30 Year Conventional Refi 6.25% 11/22/24
    30 Year Cash-out Refi 6.36% 11/22/24
    30 Year VA Purchase 5.40% 11/22/24
    15 Year Conventional Purchase 5.38% 11/22/24
    15 Year Conventional Refi 6.13% 11/22/24
    15 Year Cash-out Refi 6.13% 11/22/24
    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.

    R-g 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 R-g 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

    38

    Origination Dollar Volume (All Markets)

    $5,060,000

    Awards

    R-G Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 25 $3,285,000 $131,400 $5,180 4.45%
    Outside of Metro Areas 6 $760,000 $126,667 $5,101 4.50%
    Warrensburg, MO (FHA|USDA|VA) 4 $670,000 $167,500 $3,657 4.97%
    COLUMBIA, MO (FHA|USDA|VA) 2 $210,000 $105,000 $4,041 4.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $7,330 4.63%
    R-g Federal Credit Union's top markets include Kansas City, Warrensburg, Columbia, and Springfield among others.

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

    • Similar Lenders

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

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    KCB Bank
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    First State Bank and Trust
    Similarity Rank: 580
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 608
    Central National Bank
    Similarity Rank: 696
    Central Bank of Warrensburg
    Similarity Rank: 819
    R-G Federal Credit Union
    Similarity Rank: 825
    Mid-America Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $4,165,000 $134,355 $4,806 4.54%
    VA 7 $895,000 $127,857 $5,882 4.41%

    For 2018, R-g Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was VA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $3,170,000 $144,091 $6,011 4.50%
    Cash Out Refi 10 $1,370,000 $137,000 $4,269 4.24%
    Refi 4 $410,000 $102,500 $3,359 4.31%
    Home Improvement 1 $55,000 $55,000 $886 6.50%
    Other 1 $55,000 $55,000 $896 6.50%

    For 2018, R-g Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 21 $3,295,000 $156,905 $6,296 4.51%
    10 Year 6 $670,000 $111,667 $2,190 4.55%
    20 Year 6 $500,000 $83,333 $4,081 4.75%
    15 Year 5 $595,000 $119,000 $4,062 4.25%

    For 2018, R-g Federal Credit Union's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was 10 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 18 $2,360,000 $131,111
    $<1k 12 $740,000 $61,667
    $2k-3k 8 $1,960,000 $245,000

    R-g Federal Credit Union's average total fees were $6,296, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $3,525,000 $141,000
    3-4% 9 $1,305,000 $145,000
    5-6% 2 $120,000 $60,000
    6-7% 2 $110,000 $55,000

    During 2018, R-g Federal Credit Union's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,360,000 $131,111 $5,057 4.33%
    $100,000 or less 12 $740,000 $61,667 $3,200 4.90%
    $200k-400k 8 $1,960,000 $245,000 $7,589 4.36%

    2018 saw R-g Federal Credit Union place emphasis on $100k-200k loans with 18 originations, totaling $2,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,530,000 $153,000 $5,529 4.76%
    $75k-100k 9 $1,125,000 $125,000 $4,590 4.56%
    $50k or less 8 $580,000 $72,500 $3,773 4.43%
    $150k-250k 5 $845,000 $169,000 $5,232 4.25%
    $50k-75k 5 $675,000 $135,000 $6,465 4.50%
    $250k+ 1 $305,000 $305,000 $4,871 3.88%

    R-g Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $75k-100k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $1,765,000 $135,769 $5,242 4.52%
    <20% 9 $1,225,000 $136,111 $3,705 4.23%
    30-36% 9 $1,115,000 $123,889 $5,321 4.72%
    37% 2 $360,000 $180,000 $7,517 4.63%
    39% 2 $210,000 $105,000 $4,928 4.50%
    43% 1 $45,000 $45,000 $1,047 4.63%
    42% 1 $135,000 $135,000 $6,504 4.90%
    36% 1 $205,000 $205,000 $8,322 4.63%

    R-g Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $4,870,000 $135,278 $4,924 4.49%
    Black 2 $190,000 $95,000 $6,446 4.94%

    Approval Rates

    Total approvals of all applications
    100.00%

    R-g 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 38 $5,060,000 $133,158

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 37 $5,015,000 $135,541

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $160,000 $80,000 $1,798 4.89%
    40-60% 3 $265,000 $88,333 $3,859 4.63%
    60-80% 9 $1,195,000 $132,778 $4,985 4.60%
    80-100% 22 $3,360,000 $152,727 $5,817 4.40%
    Under 20% 2 $80,000 $40,000 $1,065 4.89%