Alltru Federal Credit Union Mortgage Rates, Fees & Info

Wentzville, MO

LEI: 5493003TK1BAOHHL6S92

Tax ID: 43-6079380

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Alltru Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Alltru Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Champaign, Dallas, Hannibal, and Springfield 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.

    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
    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






    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

    158

    Origination Dollar Volume (All Markets)

    $20,820,000

    Awards

    ALLTRU Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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) 148 $19,480,000 $131,622 $1,887 3.55%
    Outside of Metro Areas 5 $635,000 $127,000 $1,789 3.05%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $315,000 $315,000 $3,476 3.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,249 2.88%
    Hannibal, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,601 2.75%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,161 2.88%
    Farmington, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 11.25%
    Alltru Federal Credit Union's top markets include St. Louis, Champaign, Dallas, Hannibal, and Springfield among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (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.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $19,905,000 $130,098 $1,840 3.59%
    VA 5 $915,000 $183,000 $3,420 2.95%

    For 2021, Alltru Federal Credit Union's most frequently originated type of loan was Conventional, with 153 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 52 $7,690,000 $147,885 $2,544 3.11%
    Refi 42 $6,090,000 $145,000 $1,743 2.87%
    Home Purchase 32 $5,520,000 $172,500 $2,729 3.14%
    Other 21 $865,000 $41,190 $0 6.58%
    Home Improvement 11 $655,000 $59,545 $529 3.87%

    For 2021, Alltru Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 74 $12,190,000 $164,730 $2,622 3.25%
    15 Year 52 $6,020,000 $115,769 $1,472 3.31%
    Other 17 $845,000 $49,706 $424 5.37%
    20 Year 9 $1,225,000 $136,111 $1,876 3.17%
    10 Year 3 $445,000 $148,333 $1,325 2.75%
    5 Year 3 $95,000 $31,667 $0 7.66%

    For 2021, Alltru Federal Credit Union's most frequently cited loan duration was 30 Year, with 74 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 122 $14,320,000 $117,377
    $1k-2k 22 $3,930,000 $178,636
    $3k-4k 9 $1,525,000 $169,444
    $2k-3k 3 $505,000 $168,333
    $5k+ 2 $540,000 $270,000

    Alltru Federal Credit Union's average total fees were $2,622, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 58 $8,760,000 $151,034
    3-4% 55 $8,175,000 $148,636
    <2.5% 17 $2,245,000 $132,059
    4-5% 13 $1,075,000 $82,692
    5-6% 7 $315,000 $45,000
    6-7% 4 $140,000 $35,000
    Over 8% 4 $110,000 $27,500

    During 2021, Alltru Federal Credit Union's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 2.5-3%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 76 $10,770,000 $141,711 $2,232 3.05%
    $100,000 or less 55 $3,135,000 $57,000 $813 4.53%
    $200k-400k 27 $6,915,000 $256,111 $3,122 3.06%

    2021 saw Alltru Federal Credit Union place emphasis on $100k-200k loans with 76 originations, totaling $10,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $6,540,000 $130,800 $2,116 3.53%
    $75k-100k 33 $3,765,000 $114,091 $1,646 3.86%
    $50k or less 31 $3,235,000 $104,355 $1,845 3.36%
    $100k-150k 29 $4,705,000 $162,241 $1,836 3.73%
    $150k-250k 13 $2,115,000 $162,692 $1,881 3.25%
    $250k+ 1 $205,000 $205,000 $1,292 2.88%

    Alltru Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $5,135,000 $131,667 $1,665 3.22%
    30-36% 23 $3,235,000 $140,652 $1,953 3.70%
    <20% 19 $2,115,000 $111,316 $1,319 3.04%
    44% 10 $1,350,000 $135,000 $2,321 4.59%
    42% 7 $1,005,000 $143,571 $2,186 3.79%
    37% 7 $735,000 $105,000 $759 5.14%
    40% 7 $805,000 $115,000 $2,587 3.25%
    41% 7 $715,000 $102,143 $2,062 3.43%
    39% 6 $860,000 $143,333 $2,556 2.94%
    48% 5 $1,025,000 $205,000 $3,143 3.03%
    43% 5 $815,000 $163,000 $2,992 3.60%
    47% 4 $390,000 $97,500 $1,306 3.59%
    50-60% 4 $270,000 $67,500 $1,499 5.90%
    45% 4 $750,000 $187,500 $3,131 3.13%
    49% 3 $585,000 $195,000 $2,236 2.88%
    38% 3 $225,000 $75,000 $846 4.96%
    46% 2 $280,000 $140,000 $1,203 3.13%
    36% 2 $270,000 $135,000 $1,810 3.19%

    Alltru Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $15,665,000 $136,217 $1,891 3.65%
    Black 23 $2,505,000 $108,913 $1,759 3.42%
    Not provided 17 $2,235,000 $131,471 $1,696 3.30%
    Asian 2 $280,000 $140,000 $4,315 3.06%
    American Indian 1 $135,000 $135,000 $3,296 3.13%

    Approval Rates

    Total approvals of all applications
    87.46%

    Alltru Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.16%

    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 158 $20,820,000 $131,772

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $20,820,000 $131,772

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,530,000 $85,000 $608 3.95%
    40-60% 33 $3,825,000 $115,909 $1,407 2.84%
    60-80% 57 $9,165,000 $160,789 $2,717 3.11%
    80-100% 32 $5,780,000 $180,625 $2,700 3.19%
    Under 20% 18 $520,000 $28,889 $0 6.63%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Aldridge Pite, LLP Conventional home mortgage Closing on a mortgage 1 14.3%
    Aldridge Pite, LLP Conventional home mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Conventional home mortgage Trouble during payment process 1 14.3%
    Aldridge Pite, LLP FHA mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Other type of mortgage Trouble during payment process 1 14.3%