Assurance Financial Group Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 254900ZX1UPIG2E7TH11
Tax ID: 72-1505298
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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, Lafayette, Houma, and Atlanta among others. We have data for 126 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.79% | 4/16/24 |
| 30 Year Conventional Purchase | 6.84% | 4/16/24 |
| 30 Year Conventional Refi | 6.77% | 4/16/24 |
| 30 Year Cash-out Refi | 6.98% | 4/16/24 |
| 30 Year FHA Purchase | 7.57% | 4/16/24 |
| 30 Year FHA Refi | 7.05% | 4/16/24 |
| 30 Year VA Purchase | 6.58% | 4/16/24 |
| 30 Year VA Refi | 6.50% | 4/16/24 |
| 30 Year USDA Purchase | 6.93% | 4/16/24 |
| 30 Year USDA Refi | 6.76% | 4/16/24 |
| 15 Year Conventional Purchase | 6.36% | 4/16/24 |
| 15 Year Conventional Refi | 6.49% | 4/16/24 |
| 15 Year Cash-out Refi | 6.49% | 4/16/24 |
| 15 Year VA Refi | 7.15% | 4/16/24 |
| 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
2,508Origination Dollar Volume (All Markets)
$605,820,000Awards
Assurance Financial Group - 2023
Assurance Financial Group is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Assurance Financial Group's average 30 year fixed mortgage rate was
6.83%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.35%.
Relative Fees (Closing Costs)
Assurance Financial Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,441.
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 $9,089.
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) | 514 | $132,630,000 | $258,035 | $7,128 | 6.81% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 197 | $46,405,000 | $235,558 | $5,899 | 7.09% |
| LAFAYETTE, LA (FHA|USDA|VA) | 188 | $41,920,000 | $222,979 | $6,370 | 6.89% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 188 | $38,340,000 | $203,936 | $7,854 | 6.61% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 97 | $37,165,000 | $383,144 | $8,517 | 6.78% |
| COLUMBIA, SC (FHA|USDA|VA) | 153 | $31,405,000 | $205,261 | $6,622 | 6.47% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 146 | $25,160,000 | $172,329 | $5,203 | 7.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 105 | $24,235,000 | $230,810 | $6,279 | 6.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 50 | $20,310,000 | $406,200 | $13,610 | 6.52% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 80 | $20,240,000 | $253,000 | $8,097 | 6.93% |
| Outside of Metro Areas | 101 | $20,085,000 | $198,861 | $7,128 | 6.57% |
| MONROE, LA (FHA|USDA|VA) | 105 | $19,405,000 | $184,810 | $8,363 | 6.62% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 79 | $17,755,000 | $224,747 | $6,884 | 6.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 40 | $10,880,000 | $272,000 | $6,767 | 6.87% |
| Troy, AL (FHA|USDA|VA) | 44 | $9,750,000 | $221,591 | $8,093 | 6.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $7,025,000 | $334,524 | $8,160 | 6.95% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 25 | $6,255,000 | $250,200 | $7,068 | 6.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 16 | $6,220,000 | $388,750 | $11,073 | 7.65% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $5,865,000 | $391,000 | $10,543 | 6.64% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 22 | $4,040,000 | $183,636 | $7,715 | 4.96% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $3,800,000 | $950,000 | $12,714 | 6.44% |
| HAMMOND, LA (FHA|USDA|VA) | 17 | $3,695,000 | $217,353 | $6,378 | 6.70% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $8,264 | 6.90% |
| Opelousas, LA (FHA|USDA|VA) | 17 | $3,345,000 | $196,765 | $7,324 | 6.78% |
| LYNCHBURG, VA (FHA|USDA|VA) | 12 | $2,700,000 | $225,000 | $6,028 | 7.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $2,475,000 | $495,000 | $10,163 | 7.35% |
| DECATUR, AL (FHA|USDA|VA) | 15 | $2,265,000 | $151,000 | $4,608 | 6.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,135,000 | $427,000 | $7,572 | 6.67% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $5,957 | 6.16% |
| MOBILE, AL (FHA|USDA|VA) | 10 | $1,970,000 | $197,000 | $5,599 | 6.82% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $17,071 | 6.68% |
| Ruston, LA (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $8,778 | 6.79% |
| SUMTER, SC (FHA|USDA|VA) | 10 | $1,650,000 | $165,000 | $5,806 | 5.42% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $7,560 | 6.93% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 10 | $1,500,000 | $150,000 | $5,448 | 7.07% |
| Albertville, AL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $5,567 | 6.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $21,227 | 5.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $8,541 | 7.37% |
| JONESBORO, AR (FHA|USDA|VA) | 6 | $1,130,000 | $188,333 | $6,122 | 7.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $9,529 | 6.38% |
| MONTGOMERY, AL (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $5,407 | 6.67% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $8,044 | 6.29% |
| Natchez, MS-LA (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $5,600 | 6.82% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $6,854 | 7.37% |
| TULSA, OK (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $11,960 | 7.37% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $10,390 | 7.12% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $10,910 | 6.29% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $5,429 | 7.10% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $5,975 | 6.47% |
| Minden, LA (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $6,396 | 6.92% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $8,600 | 6.50% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,356 | 7.08% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,693 | 7.17% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $16,032 | 5.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,468 | 6.81% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,101 | 8.06% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $18,580 | 7.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,210 | 6.44% |
| Morgan City, LA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,296 | 6.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $12,842 | 5.25% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $9,000 | 6.67% |
| Enterprise, AL (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,654 | 7.07% |
| Eufaula, AL-GA (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $4,484 | 6.65% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,760 | 6.87% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,904 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,320 | 6.87% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,725 | 7.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $16,197 | 8.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,950 | 6.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $17,928 | 6.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,178 | 7.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,591 | 6.13% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $4,683 | 3.85% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $27,327 | 5.99% |
| Jasper, AL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,680 | 7.09% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,736 | 5.69% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,505 | 6.56% |
| Ozark, AL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,682 | 6.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,334 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $15,584 | 5.75% |
| Cullman, AL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,914 | 6.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,563 | 8.94% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,105 | 6.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,027 | 6.62% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,948 | 7.50% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $15,017 | 5.99% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,444 | 7.31% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,244 | 6.81% |
| Picayune, MS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,797 | 7.06% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,094 | 6.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $17,929 | 7.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,748 | 6.88% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,810 | 5.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,968 | 6.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,021 | 6.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,538 | 6.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,323 | 5.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,889 | 6.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $4,730 | 6.71% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,376 | 6.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,251 | 6.62% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,520 | 6.63% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,833 | 6.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,370 | 6.63% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,439 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,287 | 7.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,646 | 7.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,395 | 6.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,361 | 6.13% |
| Oxford, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,908 | 6.50% |
| Starkville, MS (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,968 | 6.75% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.38% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,945 | 6.88% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,485 | 8.63% |
| ENID, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,474 | 6.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,984 | 7.25% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,579 | 6.12% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,154 | 6.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,009 | 6.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,635 | 6.88% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,822 | 6.50% |
| ROME, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,939 | 7.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.88% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,485 | 7.38% |
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Product Mix
For 2023, Assurance Financial Group's most frequently originated type of loan was Conventional, with 1,598 originations. Their 2nd most popular type was FHA, with 568 originations.
Loan Reason
For 2023, Assurance Financial Group's most frequently cited loan purpose was Home Purchase, with 2,246 originations. The 2nd most popular reason was Refi, with 158 originations.
Loan Duration/Length
For 2023, Assurance Financial Group's most frequently cited loan duration was 30 Year, with 2,367 originations. The 2nd most popular length was 10 Year, with 58 originations.
Origination Fees/Closing Costs
Assurance Financial Group's average total fees were $7,441, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 622 originations.
Interest Rates
During 2023, Assurance Financial Group's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 1,339 originations.
Loan Sizing
2023 saw Assurance Financial Group place emphasis on $200k-400k loans with 1,081 originations, totaling $296,185,000 in origination value.
Applicant Income
Assurance Financial Group lent most frequently to those with incomes in the $50k-75k range, with 620 originations. The second most popular income band? $100k-150k, with 550 originations.
Applicant Debt to Income Ratio
Assurance Financial Group lent most frequently to those with DTI ratios of 30-36%, with 366 originations. The next most common DTI ratio? 20-30%, with 342 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.75%
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 origination61.16%
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 | 2,508 | $605,820,000 | $241,555 |