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. Their top markets by origination volume include: Baton Rouge, New Orleans, Lafayette, Houma, and Birmingham among others. We have data for 109 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 an above 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.79% | 4/21/24 |
| 30 Year Conventional Purchase | 6.84% | 4/21/24 |
| 30 Year Conventional Refi | 6.77% | 4/21/24 |
| 30 Year Cash-out Refi | 6.98% | 4/21/24 |
| 30 Year FHA Purchase | 7.57% | 4/21/24 |
| 30 Year FHA Refi | 7.05% | 4/21/24 |
| 30 Year VA Purchase | 6.58% | 4/21/24 |
| 30 Year VA Refi | 6.50% | 4/21/24 |
| 30 Year USDA Purchase | 6.93% | 4/21/24 |
| 30 Year USDA Refi | 6.76% | 4/21/24 |
| 15 Year Conventional Purchase | 6.36% | 4/21/24 |
| 15 Year Conventional Refi | 6.49% | 4/21/24 |
| 15 Year Cash-out Refi | 6.49% | 4/21/24 |
| 15 Year VA Refi | 7.15% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,455Origination Dollar Volume (All Markets)
$732,455,000Awards
Assurance Financial Group - 2018
Assurance Financial Group is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,054 | $236,030,000 | $223,937 | $5,423 | 4.80% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 264 | $65,290,000 | $247,311 | $5,258 | 4.98% |
| LAFAYETTE, LA (FHA|USDA|VA) | 332 | $63,280,000 | $190,602 | $5,354 | 4.78% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 264 | $48,030,000 | $181,932 | $5,166 | 4.86% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 195 | $41,105,000 | $210,795 | $4,555 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 160 | $39,640,000 | $247,750 | $4,637 | 4.79% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 122 | $21,990,000 | $180,246 | $4,635 | 4.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 71 | $20,445,000 | $287,958 | $6,344 | 4.80% |
| MONROE, LA (FHA|USDA|VA) | 94 | $16,710,000 | $177,766 | $6,160 | 4.95% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 80 | $15,400,000 | $192,500 | $5,364 | 5.03% |
| Outside of Metro Areas | 90 | $13,890,000 | $154,333 | $4,825 | 4.93% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 92 | $13,650,000 | $148,370 | $4,456 | 4.81% |
| COLUMBIA, SC (FHA|USDA|VA) | 79 | $13,465,000 | $170,443 | $4,215 | 4.76% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 40 | $13,320,000 | $333,000 | $5,265 | 4.92% |
| JACKSON, MS (FHA|USDA|VA) | 56 | $10,520,000 | $187,857 | $4,313 | 4.94% |
| LYNCHBURG, VA (FHA|USDA|VA) | 52 | $9,560,000 | $183,846 | $4,465 | 4.80% |
| RICHMOND, VA (FHA|USDA|VA) | 37 | $9,135,000 | $246,892 | $4,252 | 4.89% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 28 | $8,660,000 | $309,286 | $9,196 | 4.54% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 33 | $8,315,000 | $251,970 | $6,297 | 4.81% |
| COLUMBUS, OH (FHA|USDA|VA) | 37 | $7,945,000 | $214,730 | $4,238 | 4.55% |
| HAMMOND, LA (FHA|USDA|VA) | 24 | $5,030,000 | $209,583 | $4,585 | 4.89% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 12 | $3,680,000 | $306,667 | $4,336 | 4.71% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $3,120,000 | $312,000 | $7,042 | 4.69% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 15 | $3,065,000 | $204,333 | $5,535 | 5.15% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 10 | $2,160,000 | $216,000 | $5,298 | 5.09% |
| DECATUR, AL (FHA|USDA|VA) | 18 | $2,130,000 | $118,333 | $3,834 | 4.76% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,035,000 | $290,714 | $6,094 | 4.59% |
| Opelousas, LA (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $4,028 | 4.93% |
| WILMINGTON, NC (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $3,571 | 4.44% |
| Jennings, LA (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $5,002 | 4.91% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $4,738 | 5.00% |
| Ruston, LA (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $5,611 | 4.92% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $2,111 | 4.60% |
| DeRidder, LA (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $4,934 | 5.05% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $5,608 | 4.81% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $8,389 | 4.72% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,514 | 4.88% |
| Newberry, SC (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $5,424 | 4.83% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $4,289 | 4.88% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $1,946 | 4.71% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $7,568 | 4.79% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,280 | 4.67% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,188 | 4.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,762 | 4.81% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,275 | 4.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,953 | 4.81% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,542 | 4.69% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $17,385 | 4.50% |
| Starkville, MS (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,756 | 5.13% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,740 | 5.38% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,133 | 4.79% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,920 | 4.19% |
| Cullman, AL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,931 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,630 | 5.00% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,678 | 5.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,294 | 4.00% |
| Picayune, MS (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,973 | 4.88% |
| Morgan City, LA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,759 | 4.67% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,207 | 4.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,269 | 4.94% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,041 | 4.75% |
| Bogalusa, LA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,579 | 5.08% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,388 | 4.69% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,282 | 4.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,312 | 5.21% |
| Natchez, MS-LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,475 | 4.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,655 | 5.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,793 | 5.25% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,446 | 5.33% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,990 | 4.63% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,755 | 5.25% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,764 | 4.56% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,328 | 5.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,991 | 4.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,245 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,415 | 4.75% |
| Marion, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,281 | 3.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,230 | 5.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,442 | 5.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,427 | 4.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,147 | 5.00% |
| McComb, MS (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,046 | 4.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,896 | 4.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,139 | 4.75% |
| Oxford, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,669 | 5.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,607 | 4.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,809 | 4.63% |
| Albertville, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,735 | 5.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,994 | 5.25% |
| Jasper, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,252 | 5.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,453 | 4.75% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,782 | 5.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,103 | 5.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,084 | 5.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,772 | 4.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,744 | 4.13% |
| Athens, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,575 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,366 | 4.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,333 | 4.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,825 | 4.38% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,898 | 4.88% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,643 | 5.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,943 | 4.25% |
| Batesville, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,732 | 4.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,770 | 4.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,916 | 4.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,900 | 5.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,799 | 4.50% |
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Product Mix
For 2018, Assurance Financial Group's most frequently originated type of loan was Conventional, with 2,284 originations. Their 2nd most popular type was FHA, with 676 originations.
Loan Reason
For 2018, Assurance Financial Group's most frequently cited loan purpose was Home Purchase, with 2,941 originations. The 2nd most popular reason was Refi, with 315 originations.
Loan Duration/Length
For 2018, Assurance Financial Group's most frequently cited loan duration was 30 Year, with 3,228 originations. The 2nd most popular length was 15 Year, with 124 originations.
Origination Fees/Closing Costs
Assurance Financial Group's average total fees were $5,183, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,228 originations.
Interest Rates
During 2018, Assurance Financial Group's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 2,497 originations.
Loan Sizing
2018 saw Assurance Financial Group place emphasis on $100k-200k loans with 1,512 originations, totaling $231,830,000 in origination value.
Applicant Income
Assurance Financial Group lent most frequently to those with incomes in the $50k-75k range, with 971 originations. The second most popular income band? $50k or less, with 734 originations.
Applicant Debt to Income Ratio
Assurance Financial Group lent most frequently to those with DTI ratios of 30-36%, with 682 originations. The next most common DTI ratio? 20-30%, with 633 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.68%
Assurance Financial Group has an average approval rate.
Pick Rate
Approvals leading to origination97.54%
Assurance Financial Group 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 | 3,455 | $732,455,000 | $211,999 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 3,455 | $732,455,000 | $211,999 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSURANCE FINANCIAL GROUP, LLC | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |