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 Cash Out Refi and Home Purchase loans. R-g Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Warrensburg, Sedalia, Marshall, and St. Joseph among others. We have data for 9 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. They have an above average pick rate when compared to similar lenders. R-g Federal Credit Union 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
    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

    82

    Origination Dollar Volume (All Markets)

    $11,070,000

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 53 $6,525,000 $123,113 $2,249 4.68%
    Warrensburg, MO (FHA|USDA|VA) 16 $3,060,000 $191,250 $3,177 4.90%
    Sedalia, MO (FHA|USDA|VA) 3 $585,000 $195,000 $3,489 6.82%
    Outside of Metro Areas 5 $515,000 $103,000 $1,897 4.99%
    Marshall, MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,754 2.60%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $75,000 $75,000 $1,174 4.35%
    COLUMBIA, MO (FHA|USDA|VA) 1 $55,000 $55,000 $932 8.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $45,000 $45,000 $866 4.85%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $35,000 $35,000 $727 4.85%
    R-g Federal Credit Union's top markets include Kansas City, Warrensburg, Sedalia, Marshall, and St. Joseph 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: 175
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 354
    R-G Federal Credit Union
    Similarity Rank: 936
    Central National Bank
    Similarity Rank: 1378
    Mid-America Bank
    Similarity Rank: 1892
    Landmark National Bank
    Similarity Rank: 2322
    Mortgage Investment Services Corporation
    Similarity Rank: 2623
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 2970
    Wood & Huston Bank
    Similarity Rank: 3168
    First Mortgage Solutions, LLC
    Similarity Rank: 3630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $9,790,000 $125,513 $2,148 4.90%
    VA 4 $1,280,000 $320,000 $8,234 3.60%

    For 2022, R-g Federal Credit Union's most frequently originated type of loan was Conventional, with 78 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 26 $1,430,000 $55,000 $969 5.08%
    Cash Out Refi 20 $3,860,000 $193,000 $3,653 4.58%
    Home Purchase 18 $4,390,000 $243,889 $4,306 4.60%
    Other 14 $890,000 $63,571 $1,045 5.39%
    Refi 4 $500,000 $125,000 $2,515 3.70%

    For 2022, R-g Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 39 $2,545,000 $65,256 $1,168 4.91%
    30 Year 29 $6,975,000 $240,517 $4,163 4.90%
    20 Year 7 $1,235,000 $176,429 $3,885 3.69%
    10 Year 6 $290,000 $48,333 $1,055 5.39%
    5 Year 1 $25,000 $25,000 $645 5.15%

    For 2022, R-g Federal Credit Union's most frequently cited loan duration was 15 Year, with 39 originations. The 2nd most popular length was 30 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 39 $1,915,000 $49,103
    $1k-2k 26 $3,930,000 $151,154
    $2k-3k 13 $3,565,000 $274,231
    $3k-4k 2 $720,000 $360,000
    $4k-5k 2 $940,000 $470,000

    R-g Federal Credit Union's average total fees were $4,163, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 25 $3,485,000 $139,400
    5-6% 20 $2,320,000 $116,000
    4-5% 19 $3,295,000 $173,421
    6-7% 11 $1,195,000 $108,636
    2.5-3% 3 $445,000 $148,333
    7-8% 2 $160,000 $80,000
    Over 8% 1 $55,000 $55,000
    <2.5% 1 $115,000 $115,000

    During 2022, R-g Federal Credit Union's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 3-4%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,915,000 $49,103 $978 5.06%
    $100k-200k 25 $3,725,000 $149,000 $3,013 4.54%
    $200k-400k 15 $3,775,000 $251,667 $4,254 4.89%
    $400k-600k 2 $940,000 $470,000 $6,239 3.90%
    $600k-1MM 1 $715,000 $715,000 $10,679 4.95%

    2022 saw R-g Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $2,425,000 $105,435 $2,343 5.05%
    $100k-150k 22 $3,800,000 $172,727 $2,771 4.73%
    $75k-100k 17 $2,075,000 $122,059 $2,175 5.23%
    $50k or less 10 $720,000 $72,000 $1,927 4.33%
    $150k-250k 9 $1,585,000 $176,111 $2,565 4.49%
    $250k+ 1 $465,000 $465,000 $6,269 3.95%

    R-g Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $3,205,000 $128,200 $2,261 4.89%
    20-30% 20 $3,000,000 $150,000 $2,750 4.38%
    <20% 12 $1,240,000 $103,333 $1,647 4.89%
    37% 7 $585,000 $83,571 $2,065 5.09%
    42% 6 $1,240,000 $206,667 $4,006 4.52%
    36% 3 $335,000 $111,667 $2,196 6.93%
    38% 2 $210,000 $105,000 $1,979 4.55%
    39% 2 $400,000 $200,000 $2,901 4.15%
    40% 2 $290,000 $145,000 $2,246 5.48%
    41% 2 $450,000 $225,000 $3,900 5.78%
    >60% 1 $115,000 $115,000 $2,018 4.80%

    R-g Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $10,475,000 $143,493 $2,588 4.79%
    Black 6 $510,000 $85,000 $1,570 5.27%
    Asian 1 $35,000 $35,000 $781 6.25%
    American Indian 1 $25,000 $25,000 $656 4.25%
    Not provided 1 $25,000 $25,000 $645 5.15%

    Approval Rates

    Total approvals of all applications
    96.63%

    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
    98.78%

    R-g Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 82 $11,070,000 $135,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $11,070,000 $135,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,265,000 $84,333 $1,326 4.84%
    40-60% 11 $1,395,000 $126,818 $2,667 4.60%
    60-80% 18 $3,550,000 $197,222 $3,365 4.80%
    80-100% 16 $3,380,000 $211,250 $3,941 4.88%
    Over 100% 1 $715,000 $715,000 $10,679 4.95%
    Under 20% 21 $765,000 $36,429 $806 4.96%