Associated Mortgage Corporation Rates, Fees & Info

TULSA, OK

LEI: 54930067KY3OO1D8HC58

Tax ID: 73-1407968

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

    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, Amarillo, Dallas, and Bartlesville among others. We have data for 21 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 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.

    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% 12/16/24
    30 Year Conventional Refi 6.64% 12/16/24
    30 Year Cash-out Refi 6.93% 12/16/24
    30 Year FHA Purchase 7.51% 12/16/24
    30 Year FHA Refi 7.78% 12/16/24
    30 Year VA Purchase 6.33% 12/16/24
    30 Year VA Refi 5.94% 12/16/24
    30 Year USDA Purchase 6.81% 12/16/24
    15 Year Conventional Purchase 6.16% 12/16/24
    15 Year Conventional Refi 6.31% 12/16/24
    15 Year Cash-out Refi 6.31% 12/16/24
    15 Year FHA Purchase 7.28% 12/16/24
    15 Year VA Refi 6.41% 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.

    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

    1,780

    Origination Dollar Volume (All Markets)

    $309,620,000

    Awards

    ASSOCIATED MORTGAGE CORPORATION 30 Year Conventional Loans gold ASSOCIATED MORTGAGE CORPORATION FHA Loans bronze
    Show all (2) 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
    TULSA, OK (FHA|USDA|VA) 1,381 $246,275,000 $178,331 $4,495 4.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 191 $31,435,000 $164,581 $3,726 5.02%
    Outside of Metro Areas 69 $10,385,000 $150,507 $4,448 4.98%
    AMARILLO, TX (FHA|USDA|VA) 69 $9,385,000 $136,014 $5,055 5.14%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $3,915,000 $261,000 $6,151 5.26%
    Bartlesville, OK (FHA|USDA|VA) 17 $3,215,000 $189,118 $4,484 4.87%
    Stillwater, OK (FHA|USDA|VA) 4 $740,000 $185,000 $5,795 5.03%
    Shawnee, OK (FHA|USDA|VA) 4 $720,000 $180,000 $3,996 4.63%
    Muskogee, OK (FHA|USDA|VA) 7 $605,000 $86,429 $3,782 5.14%
    Ardmore, OK (FHA|USDA|VA) 3 $585,000 $195,000 $5,402 5.00%
    Miami, OK (FHA|USDA|VA) 5 $475,000 $95,000 $4,416 5.38%
    Dumas, TX (FHA|USDA|VA) 2 $470,000 $235,000 $6,475 4.88%
    Hereford, TX (FHA|USDA|VA) 4 $440,000 $110,000 $4,434 5.54%
    Tahlequah, OK (FHA|USDA|VA) 1 $195,000 $195,000 $5,431 5.25%
    McAlester, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.50%
    Woodward, OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,881 4.88%
    Ponca City, OK (FHA|USDA|VA) 2 $130,000 $65,000 $2,798 5.13%
    Pampa, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,716 4.88%
    Elk City, OK (FHA|USDA|VA) 1 $105,000 $105,000 $4,675 5.25%
    Ada, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.63%
    Altus, OK (FHA|USDA|VA) 1 $35,000 $35,000 $2,298 4.75%
    Associated Mortgage Corporation's top markets include Tulsa, Oklahoma City, Amarillo, Dallas, and Bartlesville among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (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.

    Access Community Credit Union
    Similarity Rank: 35
    Tulsa Federal Credit Union
    Similarity Rank: 42
    RED CROWN
    Similarity Rank: 66
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 192
    NEIGHBORHOOD
    Similarity Rank: 200
    AIMBank
    Similarity Rank: 232
    TRUE SKY
    Similarity Rank: 240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,127 $205,615,000 $182,445 $3,652 4.89%
    FHA 495 $73,815,000 $149,121 $5,917 5.02%
    VA 127 $26,235,000 $206,575 $5,600 4.82%
    USDA 31 $3,955,000 $127,581 $4,430 4.80%

    For 2018, Associated Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,127 originations. Their 2nd most popular type was FHA, with 495 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,626 $281,120,000 $172,891 $4,463 4.92%
    Refi 82 $17,570,000 $214,268 $3,880 4.91%
    Cash Out Refi 58 $10,530,000 $181,552 $4,571 5.02%
    Other 12 $60,000 $5,000 $0 5.43%
    Home Improvement 2 $340,000 $170,000 $5,105 5.19%

    For 2018, Associated Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,626 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,681 $292,615,000 $174,072 $4,485 4.95%
    15 Year 76 $12,810,000 $168,553 $3,591 4.39%
    20 Year 19 $3,635,000 $191,316 $4,147 4.59%
    10 Year 4 $560,000 $140,000 $3,256 4.75%

    For 2018, Associated Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,681 originations. The 2nd most popular length was 15 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,228 $214,820,000 $174,935
    $1k-2k 361 $58,105,000 $160,956
    $2k-3k 99 $19,935,000 $201,364
    $3k-4k 27 $6,915,000 $256,111
    $5k+ 11 $3,955,000 $359,545
    $4k-5k 7 $1,635,000 $233,571

    Associated Mortgage Corporation's average total fees were $4,485, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,228 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,180 $215,430,000 $182,568
    5-6% 532 $82,940,000 $155,902
    3-4% 36 $7,560,000 $210,000
    6-7% 21 $3,635,000 $173,095

    During 2018, Associated Mortgage Corporation's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 1,180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 954 $140,450,000 $147,222 $4,352 4.92%
    $200k-400k 485 $127,525,000 $262,938 $4,946 4.83%
    $100,000 or less 296 $21,820,000 $73,716 $3,427 5.08%
    $400k-600k 44 $19,190,000 $436,136 $5,199 4.84%
    $600k-1MM 1 $635,000 $635,000 $16,424 4.63%

    2018 saw Associated Mortgage Corporation place emphasis on $100k-200k loans with 954 originations, totaling $140,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 516 $59,700,000 $115,698 $4,167 4.96%
    $50k-75k 478 $75,680,000 $158,326 $4,484 4.95%
    $100k-150k 308 $68,840,000 $223,506 $4,559 4.86%
    $75k-100k 294 $55,890,000 $190,102 $4,667 4.91%
    $150k-250k 138 $35,800,000 $259,420 $4,634 4.81%
    $250k+ 46 $13,710,000 $298,043 $4,135 4.85%

    Associated Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 516 originations. The second most popular income band? $50k-75k, with 478 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 349 $60,015,000 $171,963 $3,890 4.83%
    30-36% 325 $54,995,000 $169,215 $4,296 4.95%
    50-60% 137 $23,335,000 $170,328 $6,260 4.91%
    <20% 108 $17,530,000 $162,315 $3,627 4.79%
    44% 91 $15,445,000 $169,725 $4,813 5.08%
    41% 72 $11,960,000 $166,111 $4,050 5.00%
    40% 70 $11,860,000 $169,429 $4,739 5.01%
    38% 68 $11,250,000 $165,441 $4,367 4.94%
    36% 66 $11,170,000 $169,242 $4,407 4.91%
    43% 64 $11,380,000 $177,813 $4,432 5.00%
    39% 61 $10,755,000 $176,311 $4,349 4.93%
    37% 57 $10,605,000 $186,053 $4,188 4.90%
    45% 54 $10,530,000 $195,000 $4,702 4.97%
    46% 53 $8,535,000 $161,038 $4,256 4.98%
    42% 52 $9,790,000 $188,269 $4,235 4.98%
    48% 52 $10,470,000 $201,346 $4,883 4.81%
    49% 47 $9,965,000 $212,021 $4,611 4.89%
    47% 41 $7,585,000 $185,000 $4,679 4.84%
    >60% 11 $1,855,000 $168,636 $7,053 5.10%

    Associated Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 349 originations. The next most common DTI ratio? 30-36%, with 325 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,501 $262,905,000 $175,153 $4,432 4.92%
    American Indian 157 $27,755,000 $176,783 $4,761 4.96%
    Asian 46 $7,600,000 $165,217 $3,967 4.78%
    Black 48 $7,220,000 $150,417 $4,280 5.00%
    Not provided 23 $3,405,000 $148,043 $4,122 4.97%
    Other Asian 2 $340,000 $170,000 $3,639 5.13%
    Native Hawaiian or Islander 2 $210,000 $105,000 $3,746 5.25%
    Vietnamese 1 $185,000 $185,000 $4,204 4.50%

    Approval Rates

    Total approvals of all applications
    98.52%

    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
    74.27%

    Associated Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,780 $309,620,000 $173,944

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 20 $2,040,000 $102,000
    Single Family (1-4 Units):Site-Built 1,760 $307,580,000 $174,761

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $2,265,000 $98,478 $3,038 4.66%
    40-60% 64 $9,390,000 $146,719 $3,215 4.78%
    60-80% 352 $63,480,000 $180,341 $3,536 4.88%
    80-100% 1,292 $226,340,000 $175,186 $4,634 4.94%
    Over 100% 35 $7,905,000 $225,857 $8,944 4.83%
    Under 20% 13 $95,000 $7,308 $3,098 5.34%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 63.6%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 1 9.1%