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
  • 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 Home Purchase 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, Poplar Bluff, and Carbondale among others. We have data for 4 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% 4/28/24
    30 Year Conventional Refi 6.69% 4/28/24
    30 Year Cash-out Refi 6.97% 4/28/24
    30 Year VA Purchase 6.03% 4/28/24
    15 Year Conventional Purchase 6.28% 4/28/24
    15 Year Conventional Refi 7.18% 4/28/24
    15 Year Cash-out Refi 7.18% 4/28/24
    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

    131

    Origination Dollar Volume (All Markets)

    $11,525,000

    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) 127 $11,155,000 $87,835 $1,469 5.68%
    Outside of Metro Areas 2 $130,000 $65,000 $1,860 4.06%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $125,000 $125,000 $3,428 3.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,543 4.75%
    Alltru Federal Credit Union's top markets include St. Louis, Poplar Bluff, and Carbondale 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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $10,340,000 $84,754 $1,389 5.54%
    HELOC 6 $380,000 $63,333 n/a 7.54%
    VA 3 $805,000 $268,333 $6,136 5.29%

    For 2022, Alltru Federal Credit Union's most frequently originated type of loan was Conventional, with 122 originations. Their 2nd most popular type was HELOC, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 45 $1,875,000 $41,667 $32 6.42%
    Home Improvement 32 $1,410,000 $44,063 $35 5.76%
    Home Purchase 24 $3,920,000 $163,333 $3,496 5.27%
    Cash Out Refi 18 $2,690,000 $149,444 $3,453 4.76%
    Refi 12 $1,630,000 $135,833 $2,503 4.32%

    For 2022, Alltru Federal Credit Union's most frequently cited loan purpose was Other, with 45 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
    Other 43 $1,495,000 $34,767 $32 5.67%
    30 Year 38 $6,090,000 $160,263 $3,657 5.06%
    15 Year 37 $3,065,000 $82,838 $778 6.04%
    10 Year 8 $310,000 $38,750 $503 6.73%
    20 Year 3 $535,000 $178,333 $3,562 5.29%
    5 Year 2 $30,000 $15,000 $0 4.24%

    For 2022, Alltru Federal Credit Union's most frequently cited loan duration was Other, with 43 originations. The 2nd most popular length was 30 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 87 $5,315,000 $61,092
    $2k-3k 13 $2,205,000 $169,615
    $1k-2k 8 $1,170,000 $146,250
    $4k-5k 4 $870,000 $217,500
    $3k-4k 3 $455,000 $151,667
    $5k+ 3 $815,000 $271,667

    Alltru Federal Credit Union's average total fees were $3,657, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 33 $2,975,000 $90,152
    5-6% 32 $3,090,000 $96,563
    3-4% 24 $2,080,000 $86,667
    Over 8% 14 $800,000 $57,143
    6-7% 13 $1,365,000 $105,000
    7-8% 10 $550,000 $55,000
    2.5-3% 4 $640,000 $160,000
    <2.5% 1 $25,000 $25,000

    During 2022, Alltru Federal Credit Union's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $3,735,000 $42,931 $388 5.94%
    $100k-200k 33 $4,925,000 $149,242 $2,837 4.95%
    $200k-400k 11 $2,865,000 $260,455 $5,301 5.20%

    2022 saw Alltru Federal Credit Union place emphasis on $100,000 or less loans with 87 originations, totaling $3,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 37 $3,805,000 $102,838 $2,044 5.43%
    $100k-150k 35 $2,865,000 $81,857 $1,004 5.59%
    $75k-100k 33 $2,945,000 $89,242 $1,563 5.91%
    $50k or less 13 $905,000 $69,615 $1,814 5.69%
    $150k-250k 12 $950,000 $79,167 $518 5.53%
    $250k+ 1 $55,000 $55,000 $0 5.75%

    Alltru Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $3,105,000 $83,919 $1,337 5.27%
    30-36% 20 $1,470,000 $73,500 $918 5.05%
    42% 9 $855,000 $95,000 $1,489 5.53%
    47% 7 $575,000 $82,143 $1,585 5.82%
    43% 7 $645,000 $92,143 $1,455 5.00%
    41% 6 $730,000 $121,667 $1,556 6.79%
    45% 6 $710,000 $118,333 $2,007 6.65%
    <20% 5 $385,000 $77,000 $863 5.85%
    40% 4 $350,000 $87,500 $2,559 5.19%
    36% 4 $660,000 $165,000 $4,606 5.31%
    44% 4 $370,000 $92,500 $2,238 5.97%
    37% 4 $410,000 $102,500 $2,066 5.63%
    50-60% 3 $95,000 $31,667 $0 8.83%
    49% 3 $245,000 $81,667 $2,327 5.42%
    39% 3 $105,000 $35,000 $117 7.25%
    38% 3 $205,000 $68,333 $1,036 5.71%
    48% 3 $285,000 $95,000 $1,350 6.42%
    46% 2 $140,000 $70,000 $1,637 5.81%
    >60% 1 $185,000 $185,000 $4,493 5.13%

    Alltru Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $7,675,000 $86,236 $1,284 5.74%
    Not provided 23 $2,105,000 $91,522 $1,904 5.09%
    Black 18 $1,720,000 $95,556 $2,180 5.87%
    Asian 1 $25,000 $25,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    85.47%

    Alltru Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.49%

    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 131 $11,525,000 $87,977

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    131 $11,525,000 $87,977

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,255,000 $73,824 $982 5.93%
    40-60% 11 $1,435,000 $130,455 $2,475 4.72%
    60-80% 15 $2,535,000 $169,000 $3,347 4.41%
    80-100% 22 $3,820,000 $173,636 $3,838 5.38%
    Under 20% 66 $2,480,000 $37,576 $63 6.07%