Associated Mortgage Corporation Rates, Fees & Info

TULSA, OK

LEI: 54930067KY3OO1D8HC58

Tax ID: 73-1407968

5 stars - Updated: 6/16/24 - out of 5 stars, based on 51 reviews

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

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Mortgage Data

Review & Overview

Associated Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Associated Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Fayetteville, Amarillo, and Ardmore among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Associated Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Associated Mortgage Corporation 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 6.78% 6/16/24
30 Year Conventional Refi 6.64% 6/16/24
30 Year Cash-out Refi 6.93% 6/16/24
30 Year FHA Purchase 7.51% 6/16/24
30 Year FHA Refi 7.78% 6/16/24
30 Year VA Purchase 6.33% 6/16/24
30 Year VA Refi 5.94% 6/16/24
30 Year USDA Purchase 6.81% 6/16/24
15 Year Conventional Purchase 6.16% 6/16/24
15 Year Conventional Refi 6.31% 6/16/24
15 Year Cash-out Refi 6.31% 6/16/24
15 Year FHA Purchase 7.28% 6/16/24
15 Year VA Refi 6.41% 6/16/24
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.

Associated Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Associated Mortgage Corporation. 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

2,607

Origination Dollar Volume (All Markets)

$646,765,000

Awards

ASSOCIATED MORTGAGE CORPORATION 30 Year Conventional Loans bronze ASSOCIATED MORTGAGE CORPORATION FHA Loans silver ASSOCIATED MORTGAGE CORPORATION 30 Year Conventional Loans gold ASSOCIATED MORTGAGE CORPORATION 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Associated Mortgage Corporation's average 30 year fixed mortgage rate was 6.71%.

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

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Associated Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $7,745.

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
TULSA, OK (FHA|USDA|VA) 1,389 $349,015,000 $251,271 $7,866 6.72%
OKLAHOMA CITY, OK (FHA|USDA|VA) 592 $148,280,000 $250,473 $7,387 6.66%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 169 $50,415,000 $298,314 $7,190 6.55%
AMARILLO, TX (FHA|USDA|VA) 188 $46,450,000 $247,074 $8,596 6.74%
Outside of Metro Areas 72 $13,160,000 $182,778 $7,369 6.82%
Ardmore, OK (FHA|USDA|VA) 45 $9,045,000 $201,000 $8,081 6.68%
Bartlesville, OK (FHA|USDA|VA) 47 $7,825,000 $166,489 $6,269 6.68%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $2,775,000 $308,333 $9,694 6.49%
Muskogee, OK (FHA|USDA|VA) 15 $2,475,000 $165,000 $6,090 6.78%
Shawnee, OK (FHA|USDA|VA) 9 $2,405,000 $267,222 $7,365 6.64%
Dumas, TX (FHA|USDA|VA) 11 $2,305,000 $209,545 $8,804 6.74%
Stillwater, OK (FHA|USDA|VA) 8 $1,880,000 $235,000 $5,657 6.66%
Borger, TX (FHA|USDA|VA) 11 $1,805,000 $164,091 $6,472 6.70%
Tahlequah, OK (FHA|USDA|VA) 5 $1,145,000 $229,000 $8,224 6.95%
LAWTON, OK (FHA|USDA|VA) 5 $965,000 $193,000 $9,447 6.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $920,000 $460,000 $10,963 6.25%
Duncan, OK (FHA|USDA|VA) 4 $740,000 $185,000 $6,876 6.09%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $655,000 $218,333 $4,302 7.42%
McAlester, OK (FHA|USDA|VA) 2 $610,000 $305,000 $0 6.06%
Ada, OK (FHA|USDA|VA) 3 $505,000 $168,333 $6,672 6.79%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $465,000 $465,000 $17,519 6.88%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $435,000 $145,000 $5,358 6.71%
Corsicana, TX (FHA|USDA|VA) 1 $405,000 $405,000 $12,435 7.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $375,000 $375,000 $10,675 5.88%
Weatherford, OK (FHA|USDA|VA) 2 $350,000 $175,000 $5,010 6.81%
Guymon, OK (FHA|USDA|VA) 2 $320,000 $160,000 $3,778 6.69%
Kerrville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,975 7.63%
LONGVIEW, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,494 6.75%
Pampa, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,677 6.50%
Elk City, OK (FHA|USDA|VA) 1 $125,000 $125,000 $4,469 6.63%
Hereford, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,689 6.63%
ENID, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,807 6.63%
Miami, OK (FHA|USDA|VA) 1 $65,000 $65,000 $4,522 7.63%
Associated Mortgage Corporation's top markets include Tulsa, Oklahoma City, Fayetteville, Amarillo, and Ardmore among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ASSOCIATED MORTGAGE CORPORATION 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 1,626 $401,200,000 $246,740 $6,487 6.73%
    FHA 724 $169,120,000 $233,591 $10,806 6.72%
    VA 239 $72,675,000 $304,079 $8,718 6.42%
    USDA 18 $3,770,000 $209,444 $7,400 6.66%

    For 2023, Associated Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,626 originations. Their 2nd most popular type was FHA, with 724 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,466 $614,570,000 $249,217 $7,734 6.70%
    Cash Out Refi 62 $11,220,000 $180,968 $7,555 6.84%
    Refi 60 $20,110,000 $335,167 $7,713 6.67%
    Other 16 $170,000 $10,625 $0 6.34%
    Home Improvement 3 $695,000 $231,667 $4,254 6.63%

    For 2023, Associated Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,466 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,555 $637,735,000 $249,603 $7,745 6.71%
    15 Year 23 $5,785,000 $251,522 $5,878 6.04%
    10 Year 16 $170,000 $10,625 $0 6.34%
    20 Year 7 $2,135,000 $305,000 $7,419 6.79%
    Other 6 $940,000 $156,667 $7,984 6.81%

    For 2023, Associated Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,555 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 960 $208,150,000 $216,823
    $5k+ 471 $158,225,000 $335,934
    $2k-3k 374 $79,550,000 $212,701
    $3k-4k 373 $85,265,000 $228,592
    $4k-5k 270 $73,420,000 $271,926
    $<1k 159 $42,155,000 $265,126

    Associated Mortgage Corporation's average total fees were $7,745, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 960 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,416 $351,560,000 $248,277
    7-8% 748 $187,030,000 $250,040
    5-6% 377 $92,285,000 $244,788
    Over 8% 39 $9,285,000 $238,077
    4-5% 27 $6,605,000 $244,630

    During 2023, Associated Mortgage Corporation's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 1,416 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,309 $359,285,000 $274,473 $8,560 6.73%
    $100k-200k 894 $140,740,000 $157,427 $5,766 6.67%
    $400k-600k 237 $110,455,000 $466,055 $9,976 6.63%
    $100,000 or less 128 $8,950,000 $69,922 $3,983 6.66%
    $600k-1MM 37 $24,955,000 $674,459 $10,652 6.77%
    $1MM+ 2 $2,380,000 $1,190,000 $17,541 7.38%

    2023 saw Associated Mortgage Corporation place emphasis on $200k-400k loans with 1,309 originations, totaling $359,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 657 $183,775,000 $279,718 $9,019 6.78%
    $50k-75k 651 $126,585,000 $194,447 $6,766 6.65%
    $75k-100k 540 $126,080,000 $233,481 $7,700 6.67%
    $150k-250k 346 $123,680,000 $357,457 $8,806 6.76%
    $50k or less 312 $43,670,000 $139,968 $5,309 6.54%
    $250k+ 100 $42,580,000 $425,800 $8,237 6.86%

    Associated Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 657 originations. The second most popular income band? $50k-75k, with 651 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 425 $100,455,000 $236,365 $7,327 6.67%
    20-30% 352 $83,040,000 $235,909 $6,598 6.60%
    50-60% 230 $61,660,000 $268,087 $10,352 6.57%
    49% 141 $36,725,000 $260,461 $8,335 6.77%
    44% 136 $35,070,000 $257,868 $7,967 6.80%
    41% 128 $30,140,000 $235,469 $6,903 6.78%
    46% 116 $31,820,000 $274,310 $7,797 6.83%
    39% 108 $26,710,000 $247,315 $7,779 6.64%
    43% 108 $29,000,000 $268,519 $8,099 6.70%
    40% 105 $25,665,000 $244,429 $7,154 6.71%
    48% 104 $25,830,000 $248,365 $7,951 6.76%
    47% 103 $27,935,000 $271,214 $8,116 6.86%
    45% 100 $25,830,000 $258,300 $6,988 6.79%
    <20% 99 $20,135,000 $203,384 $6,118 6.55%
    42% 96 $23,070,000 $240,313 $7,794 6.83%
    38% 93 $22,735,000 $244,462 $7,645 6.79%
    36% 86 $21,100,000 $245,349 $7,493 6.70%
    37% 70 $17,580,000 $251,143 $8,530 6.60%
    >60% 7 $2,265,000 $323,571 $8,557 6.30%

    Associated Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 425 originations. The next most common DTI ratio? 20-30%, with 352 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,868 $469,980,000 $251,595 $7,702 6.68%
    American Indian 225 $52,645,000 $233,978 $7,855 6.74%
    Not provided 213 $48,545,000 $227,911 $7,262 6.68%
    Asian 142 $37,270,000 $262,465 $7,616 6.84%
    Black 135 $31,775,000 $235,370 $8,580 6.74%
    Other Asian 9 $2,375,000 $263,889 $7,804 7.03%
    Asian Indian 8 $2,170,000 $271,250 $6,169 6.81%
    Vietnamese 1 $465,000 $465,000 $7,092 7.63%
    Chinese 2 $460,000 $230,000 $5,165 7.00%
    Native Hawaiian or Islander 1 $325,000 $325,000 $15,877 6.63%
    Korean 1 $325,000 $325,000 $9,484 4.88%
    Native Hawaiian 1 $225,000 $225,000 $9,295 7.63%
    Samoan 1 $205,000 $205,000 $4,810 6.50%

    Approval Rates

    Total approvals of all applications
    99.14%

    Associated Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    68.28%

    Associated Mortgage Corporation 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 2,607 $646,765,000 $248,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,607 $646,765,000 $248,088

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $9,280,000 $145,000 $4,727 6.29%
    40-60% 167 $35,345,000 $211,647 $6,046 6.49%
    60-80% 561 $135,495,000 $241,524 $6,938 6.75%
    80-100% 1,751 $452,665,000 $258,518 $8,094 6.73%
    Over 100% 45 $13,625,000 $302,778 $14,218 6.39%
    Under 20% 19 $355,000 $18,684 $1,689 6.25%