Associated Mortgage Corporation Rates, Fees & Info
TULSA, OKLEI: 54930067KY3OO1D8HC58
Tax ID: 73-1407968
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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, Amarillo, Dallas, and Bartlesville among others. We have data for 36 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 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 | 6.78% | 4/21/24 |
| 30 Year Conventional Refi | 6.64% | 4/21/24 |
| 30 Year Cash-out Refi | 6.93% | 4/21/24 |
| 30 Year FHA Purchase | 7.51% | 4/21/24 |
| 30 Year FHA Refi | 7.78% | 4/21/24 |
| 30 Year VA Purchase | 6.33% | 4/21/24 |
| 30 Year VA Refi | 5.94% | 4/21/24 |
| 30 Year USDA Purchase | 6.81% | 4/21/24 |
| 15 Year Conventional Purchase | 6.16% | 4/21/24 |
| 15 Year Conventional Refi | 6.31% | 4/21/24 |
| 15 Year Cash-out Refi | 6.31% | 4/21/24 |
| 15 Year FHA Purchase | 7.28% | 4/21/24 |
| 15 Year VA Refi | 6.41% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,264Origination Dollar Volume (All Markets)
$601,370,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 1,729 | $322,815,000 | $186,706 | $4,905 | 4.31% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 957 | $175,865,000 | $183,767 | $4,249 | 4.32% |
| AMARILLO, TX (FHA|USDA|VA) | 330 | $50,760,000 | $153,818 | $5,168 | 4.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 85 | $24,915,000 | $293,118 | $7,082 | 4.21% |
| Outside of Metro Areas | 61 | $10,235,000 | $167,787 | $4,714 | 4.44% |
| Bartlesville, OK (FHA|USDA|VA) | 24 | $3,880,000 | $161,667 | $4,581 | 4.36% |
| Muskogee, OK (FHA|USDA|VA) | 9 | $1,565,000 | $173,889 | $4,428 | 4.18% |
| Stillwater, OK (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $4,463 | 4.46% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,803 | 4.33% |
| ENID, OK (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,626 | 5.44% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,765 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,225 | 4.08% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,671 | 4.16% |
| McAlester, OK (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,097 | 4.29% |
| Weatherford, OK (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,325 | 4.83% |
| Dumas, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,493 | 4.17% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,957 | 3.69% |
| Duncan, OK (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $6,305 | 4.28% |
| Borger, TX (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $4,062 | 4.05% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,452 | 5.50% |
| Pampa, TX (FHA|USDA|VA) | 5 | $445,000 | $89,000 | $3,093 | 3.75% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,596 | 4.42% |
| Woodward, OK (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,777 | 4.33% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,880 | 4.00% |
| Hereford, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,255 | 4.25% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,743 | 4.38% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,748 | 4.38% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,185 | 3.63% |
| Durant, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,002 | 4.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,648 | 4.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,139 | 4.00% |
| Ada, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $946 | 4.63% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,568 | 4.75% |
| Altus, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,352 | 3.75% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,075 | 3.88% |
| Miami, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,953 | 4.00% |
Similar Lenders
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Product Mix
For 2019, Associated Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,053 originations. Their 2nd most popular type was FHA, with 911 originations.
Loan Reason
For 2019, Associated Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,876 originations. The 2nd most popular reason was Refi, with 224 originations.
Loan Duration/Length
For 2019, Associated Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,062 originations. The 2nd most popular length was 15 Year, with 140 originations.
Origination Fees/Closing Costs
Associated Mortgage Corporation's average total fees were $4,886, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,400 originations.
Interest Rates
During 2019, Associated Mortgage Corporation's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 1,689 originations.
Loan Sizing
2019 saw Associated Mortgage Corporation place emphasis on $100k-200k loans with 1,679 originations, totaling $250,845,000 in origination value.
Applicant Income
Associated Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 901 originations. The second most popular income band? $50k or less, with 843 originations.
Applicant Debt to Income Ratio
Associated Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 637 originations. The next most common DTI ratio? 20-30%, with 623 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.19%
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 origination73.59%
Associated Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,264 | $601,370,000 | $184,243 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 32 | $4,030,000 | $125,938 |
| Single Family (1-4 Units):Site-Built | 3,232 | $597,340,000 | $184,821 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 11.8% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Closing on a mortgage | 1 | 5.9% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 7 | 41.2% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 5.9% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Closing on a mortgage | 2 | 11.8% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Trouble during payment process | 4 | 23.5% |