Assurance Financial Group Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 254900ZX1UPIG2E7TH11

Tax ID: 72-1505298

3.4 stars - Updated: 2/19/24 - out of 5 stars, based on 61 reviews

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

Jump to:

Mortgage Data

Review & Overview

Assurance Financial Group is a smaller mortgage company specializing in Home Purchase loans. Assurance Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baton Rouge, Birmingham, Atlanta, Lafayette, and Houma among others. We have data for 164 markets. (Some data included below & more in-depth data is available with an active subscription.)

Assurance Financial Group 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. Assurance Financial Group 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 relatively high 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
Home Equity Line of Credit (HELOC) 7.79% 2/19/24
30 Year Conventional Purchase 6.84% 2/19/24
30 Year Conventional Refi 6.77% 2/19/24
30 Year Cash-out Refi 6.98% 2/19/24
30 Year FHA Purchase 7.57% 2/19/24
30 Year FHA Refi 7.05% 2/19/24
30 Year VA Purchase 6.58% 2/19/24
30 Year VA Refi 6.50% 2/19/24
30 Year USDA Purchase 6.93% 2/19/24
30 Year USDA Refi 6.76% 2/19/24
15 Year Conventional Purchase 6.36% 2/19/24
15 Year Conventional Refi 6.49% 2/19/24
15 Year Cash-out Refi 6.49% 2/19/24
15 Year VA Refi 7.15% 2/19/24
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.

Assurance Financial Group Mortgage Calculator






Your Estimates

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

This is not an official calculator from Assurance Financial Group. 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

3,754

Origination Dollar Volume (All Markets)

$964,430,000
Show all (6) awards

Relative Rate

Assurance Financial Group's average 30 year fixed mortgage rate was 5.21%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.45%.

Relative Fees (Closing Costs)

Assurance Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $6,705.

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 $4,750.

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
BATON ROUGE, LA (FHA|USDA|VA) 926 $248,650,000 $268,521 $6,397 5.18%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 312 $80,280,000 $257,308 $5,694 5.41%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 181 $65,785,000 $363,453 $6,495 5.35%
LAFAYETTE, LA (FHA|USDA|VA) 286 $62,890,000 $219,895 $6,025 4.93%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 257 $55,445,000 $215,739 $6,662 5.16%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 117 $34,505,000 $294,915 $7,308 5.01%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 84 $33,810,000 $402,500 $11,388 4.79%
COLUMBIA, SC (FHA|USDA|VA) 142 $32,570,000 $229,366 $6,154 5.12%
MONROE, LA (FHA|USDA|VA) 136 $28,100,000 $206,618 $7,935 5.12%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 145 $26,295,000 $181,345 $5,266 5.07%
HUNTSVILLE, AL (FHA|USDA|VA) 109 $25,635,000 $235,183 $6,033 5.07%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 104 $24,680,000 $237,308 $5,776 5.04%
Outside of Metro Areas 114 $23,400,000 $205,263 $6,451 4.96%
RICHMOND, VA (FHA|USDA|VA) 74 $22,050,000 $297,973 $6,020 5.04%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 94 $20,620,000 $219,362 $5,573 5.37%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 50 $17,090,000 $341,800 $8,692 4.87%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 44 $15,710,000 $357,045 $8,832 5.31%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 50 $12,980,000 $259,600 $9,191 5.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $7,785,000 $409,737 $5,542 5.05%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $7,525,000 $442,647 $7,843 4.59%
Opelousas, LA (FHA|USDA|VA) 36 $6,410,000 $178,056 $6,025 5.26%
TUSCALOOSA, AL (FHA|USDA|VA) 27 $5,935,000 $219,815 $6,731 5.42%
LYNCHBURG, VA (FHA|USDA|VA) 22 $5,660,000 $257,273 $7,737 5.16%
HAMMOND, LA (FHA|USDA|VA) 26 $5,500,000 $211,538 $6,863 5.54%
Troy, AL (FHA|USDA|VA) 17 $3,785,000 $222,647 $7,099 5.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $3,180,000 $265,000 $5,107 4.51%
Natchez, MS-LA (FHA|USDA|VA) 19 $2,995,000 $157,632 $6,563 5.22%
LAKE CHARLES, LA (FHA|USDA|VA) 13 $2,805,000 $215,769 $5,750 5.30%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,755,000 $250,455 $8,489 5.82%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,710,000 $677,500 $14,044 4.91%
MOBILE, AL (FHA|USDA|VA) 13 $2,565,000 $197,308 $5,417 5.32%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 8 $2,560,000 $320,000 $5,986 5.23%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 13 $2,415,000 $185,769 $6,876 6.20%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $2,290,000 $381,667 $9,301 4.98%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $2,075,000 $230,556 $6,411 4.60%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,995,000 $399,000 $7,643 5.68%
ALEXANDRIA, LA (FHA|USDA|VA) 8 $1,760,000 $220,000 $7,369 5.83%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $1,670,000 $835,000 $31,223 6.94%
DECATUR, AL (FHA|USDA|VA) 7 $1,645,000 $235,000 $6,340 4.46%
SUMTER, SC (FHA|USDA|VA) 10 $1,620,000 $162,000 $5,000 4.06%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,585,000 $528,333 $10,171 7.75%
MONTGOMERY, AL (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,703 5.34%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 7 $1,345,000 $192,143 $4,109 5.46%
SPARTANBURG, SC (FHA|USDA|VA) 4 $1,230,000 $307,500 $7,275 5.25%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,185,000 $237,000 $9,179 6.30%
FORT COLLINS, CO (FHA|USDA|VA) 2 $1,170,000 $585,000 $20,302 5.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,792 4.96%
Morgan City, LA (FHA|USDA|VA) 7 $1,095,000 $156,429 $4,929 4.86%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,080,000 $270,000 $4,271 4.78%
GAINESVILLE, GA (FHA|USDA|VA) 3 $1,065,000 $355,000 $5,597 4.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $995,000 $331,667 $12,083 6.17%
Ruston, LA (FHA|USDA|VA) 3 $945,000 $315,000 $5,603 4.08%
Alexander City, AL (FHA|USDA|VA) 1 $925,000 $925,000 $9,222 4.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $880,000 $440,000 $7,456 4.81%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $860,000 $430,000 $7,480 4.18%
Cullman, AL (FHA|USDA|VA) 5 $855,000 $171,000 $5,191 5.30%
Newberry, SC (FHA|USDA|VA) 5 $855,000 $171,000 $3,837 5.68%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $820,000 $410,000 $7,922 6.81%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $805,000 $268,333 $7,998 5.33%
Bogalusa, LA (FHA|USDA|VA) 4 $780,000 $195,000 $6,840 3.81%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $770,000 $192,500 $6,876 4.91%
GREELEY, CO (FHA|USDA|VA) 2 $750,000 $375,000 $6,168 5.56%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $725,000 $241,667 $5,765 4.92%
ROANOKE, VA (FHA|USDA|VA) 2 $710,000 $355,000 $3,663 4.81%
GAINESVILLE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $8,681 4.06%
Jasper, AL (FHA|USDA|VA) 4 $650,000 $162,500 $7,619 5.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 2 $620,000 $310,000 $5,229 4.50%
Minden, LA (FHA|USDA|VA) 4 $610,000 $152,500 $4,700 5.44%
MIDLAND, TX (FHA|USDA|VA) 1 $605,000 $605,000 $10,963 4.13%
Starkville, MS (FHA|USDA|VA) 4 $600,000 $150,000 $3,448 4.53%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $585,000 $195,000 $9,281 5.87%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $585,000 $195,000 $4,686 4.71%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $570,000 $285,000 $6,133 5.87%
Albertville, AL (FHA|USDA|VA) 3 $565,000 $188,333 $7,630 5.37%
Natchitoches, LA (FHA|USDA|VA) 3 $545,000 $181,667 $6,464 4.92%
THE VILLAGES, FL (FHA|USDA|VA) 2 $540,000 $270,000 $7,633 3.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $535,000 $535,000 $10,299 4.37%
GADSDEN, AL (FHA|USDA|VA) 2 $530,000 $265,000 $6,650 5.69%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $525,000 $525,000 $3,866 5.63%
Granbury, TX (FHA|USDA|VA) 1 $515,000 $515,000 $8,700 4.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $8,163 5.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $500,000 $250,000 $10,402 5.06%
KNOXVILLE, TN (FHA|USDA|VA) 2 $490,000 $245,000 $2,918 4.31%
Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $460,000 $115,000 $4,163 4.84%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $460,000 $230,000 $5,501 3.18%
ASHEVILLE, NC (FHA|USDA|VA) 2 $460,000 $230,000 $8,355 7.56%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $455,000 $455,000 $7,950 5.37%
FLORENCE, SC (FHA|USDA|VA) 2 $450,000 $225,000 $7,591 4.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $445,000 $445,000 $6,734 6.38%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $445,000 $445,000 $16,185 6.25%
Danville, VA (FHA|USDA|VA) 2 $440,000 $220,000 $2,873 6.25%
Sevierville, TN (FHA|USDA|VA) 2 $430,000 $215,000 $8,500 6.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $430,000 $215,000 $4,192 5.38%
WACO, TX (FHA|USDA|VA) 1 $415,000 $415,000 $7,755 5.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $415,000 $415,000 $14,665 5.63%
Helena, MT (FHA|USDA|VA) 1 $405,000 $405,000 $4,798 5.62%
Durango, CO (FHA|USDA|VA) 1 $395,000 $395,000 $3,682 4.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,237 3.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $370,000 $185,000 $4,845 4.94%
JACKSON, MS (FHA|USDA|VA) 2 $370,000 $185,000 $7,971 4.19%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $365,000 $365,000 $4,727 5.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $365,000 $365,000 $10,544 3.38%
FRESNO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,566 3.49%
Laurel, MS (FHA|USDA|VA) 1 $355,000 $355,000 $13,806 3.25%
DALTON, GA (FHA|USDA|VA) 1 $355,000 $355,000 $9,943 5.63%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $350,000 $175,000 $6,455 5.06%
Orangeburg, SC (FHA|USDA|VA) 2 $350,000 $175,000 $7,285 5.56%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $350,000 $175,000 $3,708 5.50%
Huntsville, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,530 5.63%
Jennings, LA (FHA|USDA|VA) 1 $325,000 $325,000 $3,978 3.99%
DOTHAN, AL (FHA|USDA|VA) 1 $315,000 $315,000 $5,275 5.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $12,738 5.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $305,000 $305,000 $8,354 3.99%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $305,000 $305,000 $9,613 2.63%
Big Spring, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,440 6.63%
Athens, TX (FHA|USDA|VA) 1 $295,000 $295,000 $14,128 5.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $290,000 $145,000 $5,159 5.68%
POCATELLO, ID (FHA|USDA|VA) 1 $285,000 $285,000 $4,774 3.49%
DeRidder, LA (FHA|USDA|VA) 1 $285,000 $285,000 $8,859 4.25%
Craig, CO (FHA|USDA|VA) 1 $285,000 $285,000 $3,076 6.88%
Wilson, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,113 2.99%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $275,000 $275,000 $2,213 3.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,490 4.13%
HATTIESBURG, MS (FHA|USDA|VA) 1 $265,000 $265,000 $7,833 6.12%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $250,000 $125,000 $3,651 4.31%
Greenwood, SC (FHA|USDA|VA) 1 $245,000 $245,000 $7,751 5.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,681 4.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $9,800 3.75%
LUBBOCK, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,703 2.00%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $245,000 $245,000 $6,218 5.63%
Tupelo, MS (FHA|USDA|VA) 1 $235,000 $235,000 $8,652 3.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $235,000 $235,000 $4,041 6.38%
Oxford, MS (FHA|USDA|VA) 1 $235,000 $235,000 $4,649 5.37%
Calhoun, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,427 6.50%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $205,000 $205,000 $8,978 4.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,731 5.62%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,344 5.75%
Enterprise, AL (FHA|USDA|VA) 1 $195,000 $195,000 $4,200 6.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,112 5.62%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,452 4.50%
Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,465 5.00%
Elkins, WV (FHA|USDA|VA) 1 $185,000 $185,000 $5,477 4.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $185,000 $185,000 $7,777 5.63%
Plymouth, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,585 5.37%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $175,000 $175,000 $3,045 3.75%
Danville, KY (FHA|USDA|VA) 1 $175,000 $175,000 $5,539 6.50%
Jefferson, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,114 4.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $170,000 $85,000 $4,836 3.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,221 3.75%
Brevard, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,342 4.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $155,000 $155,000 $8,837 5.38%
Vicksburg, MS (FHA|USDA|VA) 2 $140,000 $70,000 $4,068 5.37%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,887 4.75%
ROCHESTER, MN (FHA|USDA|VA) 1 $125,000 $125,000 $5,988 4.00%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,449 3.62%
Fort Payne, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,963 4.75%
PUEBLO, CO (FHA|USDA|VA) 1 $105,000 $105,000 $4,169 6.13%
Mount Vernon, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,741 6.25%
Cornelia, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,211 5.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,191 4.75%
Lawrenceburg, TN (FHA|USDA|VA) 1 $85,000 $85,000 $3,512 5.63%
Ozark, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,342 6.75%
Concord, NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,349 5.75%
Assurance Financial Group's top markets include Baton Rouge, Birmingham, Atlanta, Lafayette, and Houma among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    Bossier Federal Credit Union
    Similarity Rank: 34
    Bank of Abbeville & Trust Company
    Similarity Rank: 115
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 140
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 176
    CENTRIC
    Similarity Rank: 180
    Eglin Federal Credit Union
    Similarity Rank: 222
    CENTRAL VIRGINIA
    Similarity Rank: 222
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    Gulf Winds Credit Union
    Similarity Rank: 324

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,590 $700,010,000 $270,274 $5,684 5.14%
    FHA 620 $142,250,000 $229,435 $9,471 5.13%
    USDA 256 $47,440,000 $185,313 $6,678 4.78%
    VA 209 $66,725,000 $319,258 $8,366 4.97%
    HELOC 79 $8,005,000 $101,329 n/a 7.28%

    For 2022, Assurance Financial Group's most frequently originated type of loan was Conventional, with 2,590 originations. Their 2nd most popular type was FHA, with 620 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,049 $795,855,000 $261,022 $6,702 5.20%
    Refi 461 $119,415,000 $259,035 $5,838 4.72%
    Cash Out Refi 224 $45,770,000 $204,330 $5,694 5.25%
    Home Improvement 10 $2,320,000 $232,000 $8,313 5.84%
    Other 10 $1,070,000 $107,000 $4,929 6.66%

    For 2022, Assurance Financial Group's most frequently cited loan purpose was Home Purchase, with 3,049 originations. The 2nd most popular reason was Refi, with 461 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,514 $913,550,000 $259,974 $6,705 5.21%
    15 Year 131 $29,935,000 $228,511 $4,962 4.01%
    20 Year 46 $11,160,000 $242,609 $4,644 4.52%
    10 Year 33 $1,095,000 $33,182 $964 4.45%
    Other 16 $4,830,000 $301,875 $5,661 4.37%
    30+ year 6 $2,090,000 $348,333 $6,603 7.66%
    1 Year 3 $1,685,000 $561,667 $0 6.00%
    3 Year 3 $15,000 $5,000 $110 0.00%
    5 Year 2 $70,000 $35,000 $2,857 6.81%

    For 2022, Assurance Financial Group's most frequently cited loan duration was 30 Year, with 3,514 originations. The 2nd most popular length was 15 Year, with 131 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,428 $327,980,000 $229,678
    $2k-3k 716 $176,730,000 $246,830
    $5k+ 529 $197,145,000 $372,675
    $3k-4k 459 $111,965,000 $243,932
    $4k-5k 261 $75,245,000 $288,295
    $<1k 247 $63,005,000 $255,081

    Assurance Financial Group's average total fees were $6,705, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,428 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,229 $322,405,000 $262,331
    4-5% 840 $224,190,000 $266,893
    3-4% 759 $200,355,000 $263,972
    6-7% 667 $155,465,000 $233,081
    7-8% 144 $34,140,000 $237,083
    2.5-3% 63 $21,885,000 $347,381
    Over 8% 36 $3,810,000 $105,833
    <2.5% 16 $2,180,000 $136,250

    During 2022, Assurance Financial Group's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 5-6%, with 1,229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,740 $484,180,000 $278,264 $7,186 5.11%
    $100k-200k 1,156 $177,440,000 $153,495 $5,227 5.20%
    $400k-600k 407 $191,475,000 $470,455 $8,299 4.99%
    $100,000 or less 330 $22,000,000 $66,667 $3,587 5.51%
    $600k-1MM 108 $74,070,000 $685,833 $10,073 4.85%
    $1MM+ 13 $15,265,000 $1,174,231 $15,010 4.75%

    2022 saw Assurance Financial Group place emphasis on $200k-400k loans with 1,740 originations, totaling $484,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 945 $186,935,000 $197,815 $6,222 5.15%
    $100k-150k 911 $266,915,000 $292,991 $6,934 5.20%
    $75k-100k 660 $160,190,000 $242,712 $6,816 5.24%
    $50k or less 515 $71,225,000 $138,301 $5,101 4.88%
    $150k-250k 512 $186,080,000 $363,438 $7,129 5.27%
    $250k+ 205 $91,885,000 $448,220 $7,956 5.05%

    Assurance Financial Group lent most frequently to those with incomes in the $50k-75k range, with 945 originations. The second most popular income band? $100k-150k, with 911 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 679 $164,615,000 $242,437 $5,957 5.15%
    20-30% 665 $173,205,000 $260,459 $5,930 4.99%
    50-60% 265 $65,035,000 $245,415 $9,353 5.12%
    <20% 204 $49,670,000 $243,480 $5,270 4.98%
    42% 160 $43,190,000 $269,938 $6,387 5.51%
    44% 160 $39,950,000 $249,688 $6,719 5.24%
    41% 154 $43,890,000 $285,000 $6,690 5.29%
    39% 151 $36,215,000 $239,834 $6,150 5.18%
    43% 144 $35,720,000 $248,056 $6,095 5.22%
    48% 144 $38,660,000 $268,472 $6,839 5.11%
    45% 143 $38,045,000 $266,049 $7,393 5.28%
    36% 141 $37,615,000 $266,773 $6,386 5.12%
    49% 140 $40,690,000 $290,643 $7,687 5.28%
    38% 137 $35,955,000 $262,445 $6,726 5.10%
    37% 136 $34,400,000 $252,941 $6,060 5.19%
    40% 122 $30,140,000 $247,049 $6,304 5.30%
    46% 108 $28,660,000 $265,370 $7,509 5.23%
    47% 95 $26,655,000 $280,579 $7,228 5.12%
    >60% 5 $2,015,000 $403,000 $8,379 5.07%

    Assurance Financial Group lent most frequently to those with DTI ratios of 30-36%, with 679 originations. The next most common DTI ratio? 20-30%, with 665 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,924 $762,520,000 $260,780 $6,454 5.17%
    Black 375 $87,735,000 $233,960 $7,176 5.05%
    Not provided 316 $74,970,000 $237,247 $6,567 5.14%
    Asian 93 $27,205,000 $292,527 $6,675 5.02%
    American Indian 32 $7,640,000 $238,750 $7,446 4.91%
    Filipino 4 $1,440,000 $360,000 $5,429 5.28%
    Asian Indian 3 $1,205,000 $401,667 $12,785 6.29%
    Other Asian 3 $705,000 $235,000 $3,735 4.46%
    Chinese 2 $600,000 $300,000 $7,765 4.50%
    Native Hawaiian or Islander 2 $410,000 $205,000 $5,516 3.88%

    Approval Rates

    Total approvals of all applications
    96.10%

    Assurance Financial Group 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
    56.98%

    Assurance Financial Group has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,754 $964,430,000 $256,907

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,754 $964,430,000 $256,907

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $14,195,000 $140,545 $4,305 5.85%
    40-60% 252 $58,260,000 $231,190 $4,754 4.81%
    60-80% 943 $250,065,000 $265,180 $5,862 5.10%
    80-100% 2,296 $618,740,000 $269,486 $7,067 5.16%
    Over 100% 64 $17,960,000 $280,625 $11,605 4.95%
    Under 20% 98 $5,210,000 $53,163 $1,392 5.87%