Alltru Federal Credit Union Mortgage Rates, Fees & Info

Wentzville, MO

LEI: 5493003TK1BAOHHL6S92

Tax ID: 43-6079380

5 stars - Updated: 6/9/24 - out of 5 stars, based on 11 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Alltru Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Alltru Federal Credit Union has a high proportion of conventional loans. Their top two markets are St. Louis and Columbia .

Alltru Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Alltru 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 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
30 Year Conventional Purchase 7.18% 6/9/24
30 Year Conventional Refi 6.69% 6/9/24
30 Year Cash-out Refi 6.97% 6/9/24
30 Year VA Purchase 6.03% 6/9/24
15 Year Conventional Purchase 6.28% 6/9/24
15 Year Conventional Refi 7.18% 6/9/24
15 Year Cash-out Refi 7.18% 6/9/24
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.

Alltru 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 Alltru 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

112

Origination Dollar Volume (All Markets)

$8,280,000

Relative Rate

Alltru Federal Credit Union's average 30 year fixed mortgage rate was 7.04%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.56%.

Relative Fees (Closing Costs)

Alltru Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,951.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 110 $7,970,000 $72,455 $4,724 8.38%
COLUMBIA, MO (FHA|USDA|VA) 1 $295,000 $295,000 $9,224 6.38%
Outside of Metro Areas 1 $15,000 $15,000 $0 5.49%
Alltru Federal Credit Union's top markets include St. Louis and Columbia among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Similar Lenders

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

    1ST MIDAMERICA
    Similarity Rank: 286
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360
    VANTAGE Credit Union
    Similarity Rank: 371
    Bank of Hillsboro
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    ALLIANCE CREDIT UNION
    Similarity Rank: 520
    ALLTRU Federal Credit Union
    Similarity Rank: 573

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $7,260,000 $78,913 $4,783 8.28%
    HELOC 19 $825,000 $43,421 n/a 8.76%
    VA 1 $195,000 $195,000 $8,101 6.13%

    For 2023, Alltru Federal Credit Union's most frequently originated type of loan was Conventional, with 92 originations. Their 2nd most popular type was HELOC, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 51 $2,505,000 $49,118 $0 9.07%
    Home Improvement 32 $1,510,000 $47,188 $0 7.95%
    Home Purchase 13 $2,325,000 $178,846 $5,424 7.05%
    Refi 8 $660,000 $82,500 $3,050 8.51%
    Cash Out Refi 8 $1,280,000 $160,000 $5,142 7.14%

    For 2023, Alltru Federal Credit Union's most frequently cited loan purpose was Other, with 51 originations. The 2nd most popular reason was Home Improvement, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 50 $3,550,000 $71,000 $7,404 9.05%
    Other 31 $1,295,000 $41,774 $0 7.79%
    30 Year 18 $2,990,000 $166,111 $4,951 7.04%
    10 Year 11 $415,000 $37,727 $0 9.15%
    3 Year 1 $15,000 $15,000 $0 6.49%
    5 Year 1 $15,000 $15,000 $0 6.49%

    For 2023, Alltru Federal Credit Union's most frequently cited loan duration was 15 Year, with 50 originations. The 2nd most popular length was Other, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8 $960,000 $120,000
    $5k+ 4 $1,170,000 $292,500
    $1k-2k 3 $345,000 $115,000
    $2k-3k 2 $370,000 $185,000
    $3k-4k 2 $450,000 $225,000
    $4k-5k 1 $205,000 $205,000

    Alltru Federal Credit Union's average total fees were $4,951, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 50 $2,810,000 $56,200
    7-8% 34 $2,560,000 $75,294
    6-7% 24 $2,840,000 $118,333
    5-6% 4 $70,000 $17,500

    During 2023, Alltru Federal Credit Union's average interest rate for loans was 7.04%, while their most frequently originated rate bucket for loans was Over 8%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $3,855,000 $44,310 $1,878 8.51%
    $100k-200k 17 $2,285,000 $134,412 $4,507 8.16%
    $200k-400k 8 $2,140,000 $267,500 $7,256 6.88%

    2023 saw Alltru Federal Credit Union place emphasis on $100,000 or less loans with 87 originations, totaling $3,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $2,720,000 $64,762 $7,835 8.63%
    $150k-250k 28 $2,640,000 $94,286 $6,854 8.55%
    $50k-75k 17 $1,425,000 $83,824 $4,425 7.83%
    $75k-100k 14 $690,000 $49,286 $4,051 8.34%
    $50k or less 10 $680,000 $68,000 $3,377 7.42%
    $250k+ 1 $125,000 $125,000 $0 7.99%

    Alltru Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $2,380,000 $70,000 $4,349 8.04%
    30-36% 24 $1,400,000 $58,333 $4,442 8.34%
    <20% 11 $915,000 $83,182 $5,898 7.85%
    50-60% 5 $315,000 $63,000 $0 10.34%
    37% 4 $250,000 $62,500 $2,180 9.00%
    40% 4 $310,000 $77,500 $2,565 8.27%
    42% 4 $280,000 $70,000 $2,028 8.47%
    43% 4 $180,000 $45,000 $0 7.94%
    46% 4 $310,000 $77,500 $8,101 7.64%
    36% 4 $160,000 $40,000 $0 9.19%
    41% 2 $160,000 $80,000 $0 10.12%
    47% 2 $220,000 $110,000 $8,525 7.56%
    45% 2 $370,000 $185,000 $8,951 11.29%
    38% 2 $420,000 $210,000 $6,729 6.50%
    44% 2 $90,000 $45,000 $1,750 7.62%
    49% 2 $450,000 $225,000 $6,675 6.56%
    39% 1 $45,000 $45,000 $0 10.74%
    48% 1 $25,000 $25,000 $0 10.50%

    Alltru Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 81 $6,005,000 $74,136 $5,870 8.22%
    Black 14 $1,190,000 $85,000 $3,743 8.97%
    Not provided 16 $980,000 $61,250 $3,275 8.50%
    Asian 1 $105,000 $105,000 $0 6.99%

    Approval Rates

    Total approvals of all applications
    88.56%

    Alltru Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.57%

    Alltru Federal Credit Union 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 112 $8,280,000 $73,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $8,280,000 $73,929

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,195,000 $87,800 $0 8.73%
    40-60% 1 $135,000 $135,000 $2,346 6.88%
    60-80% 7 $1,225,000 $175,000 $4,387 7.07%
    80-100% 12 $2,130,000 $177,500 $5,993 7.07%
    Under 20% 66 $2,560,000 $38,788 $0 8.58%