Alltru Federal Credit Union Mortgage Rates, Fees & Info
Wentzville, MOLEI: 5493003TK1BAOHHL6S92
Tax ID: 43-6079380
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Mortgage Data
Review & Overview
Alltru Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Alltru Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Pensacola, Ocala, Houston, and Punta Gorda among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.18% | 12/16/24 |
| 30 Year Conventional Refi | 6.69% | 12/16/24 |
| 30 Year Cash-out Refi | 6.97% | 12/16/24 |
| 30 Year VA Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Purchase | 6.28% | 12/16/24 |
| 15 Year Conventional Refi | 7.18% | 12/16/24 |
| 15 Year Cash-out Refi | 7.18% | 12/16/24 |
| 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. | ||
Alltru Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
154Origination Dollar Volume (All Markets)
$18,480,000Top 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) | 147 | $17,495,000 | $119,014 | $1,900 | 4.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,146 | 3.38% |
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $1,879 | 4.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,485 | 2.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,518 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,580 | 3.88% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,968 | 4.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $17,985,000 | $119,106 | $1,944 | 4.24% |
| VA | 3 | $495,000 | $165,000 | $1,734 | 3.00% |
For 2020, Alltru Federal Credit Union's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2020, Alltru Federal Credit Union's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
For 2020, Alltru Federal Credit Union's most frequently cited loan duration was 30 Year, with 56 originations. The 2nd most popular length was 15 Year, with 49 originations.
Origination Fees/Closing Costs
Alltru Federal Credit Union's average total fees were $2,742, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.
Interest Rates
During 2020, Alltru Federal Credit Union's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 2.5-3%, with 51 originations.
Loan Sizing
2020 saw Alltru Federal Credit Union place emphasis on $100,000 or less loans with 82 originations, totaling $4,400,000 in origination value.
Applicant Income
Alltru Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 29 originations.
Applicant Debt to Income Ratio
Alltru Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.33%
Alltru Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination49.35%
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 | 154 | $18,480,000 | $120,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 154 | $18,480,000 | $120,000 |