Associated Mortgage Corporation Rates, Fees & Info

TULSA, OK

LEI: 54930067KY3OO1D8HC58

Tax ID: 73-1407968

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

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Mortgage Data

Review & Overview

Associated Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi 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 40 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% 3/28/24
30 Year Conventional Refi 6.64% 3/28/24
30 Year Cash-out Refi 6.93% 3/28/24
30 Year FHA Purchase 7.51% 3/28/24
30 Year FHA Refi 7.78% 3/28/24
30 Year VA Purchase 6.33% 3/28/24
30 Year VA Refi 5.94% 3/28/24
30 Year USDA Purchase 6.81% 3/28/24
15 Year Conventional Purchase 6.16% 3/28/24
15 Year Conventional Refi 6.31% 3/28/24
15 Year Cash-out Refi 6.31% 3/28/24
15 Year FHA Purchase 7.28% 3/28/24
15 Year VA Refi 6.41% 3/28/24
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.

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

5,592

Origination Dollar Volume (All Markets)

$1,164,380,000
Show all (8) 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) 3,072 $646,690,000 $210,511 $4,712 3.12%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1,507 $309,025,000 $205,060 $4,226 3.16%
AMARILLO, TX (FHA|USDA|VA) 528 $90,630,000 $171,648 $4,511 3.11%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 227 $67,685,000 $298,172 $5,159 3.20%
Outside of Metro Areas 85 $16,055,000 $188,882 $4,029 3.10%
Bartlesville, OK (FHA|USDA|VA) 32 $5,480,000 $171,250 $4,335 3.05%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $3,565,000 $237,667 $5,366 3.08%
Muskogee, OK (FHA|USDA|VA) 14 $3,020,000 $215,714 $5,373 3.12%
Ardmore, OK (FHA|USDA|VA) 15 $2,805,000 $187,000 $4,792 2.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $2,170,000 $361,667 $4,930 3.08%
McAlester, OK (FHA|USDA|VA) 7 $2,075,000 $296,429 $4,026 3.00%
Stillwater, OK (FHA|USDA|VA) 13 $1,995,000 $153,462 $5,443 2.92%
Shawnee, OK (FHA|USDA|VA) 10 $1,710,000 $171,000 $4,882 3.15%
Tahlequah, OK (FHA|USDA|VA) 8 $1,640,000 $205,000 $5,452 3.14%
FORT SMITH, AR-OK (FHA|USDA|VA) 5 $935,000 $187,000 $4,661 3.15%
Woodward, OK (FHA|USDA|VA) 5 $795,000 $159,000 $3,713 2.83%
LAWTON, OK (FHA|USDA|VA) 4 $770,000 $192,500 $6,574 2.63%
Dumas, TX (FHA|USDA|VA) 4 $680,000 $170,000 $3,932 3.38%
Gainesville, TX (FHA|USDA|VA) 2 $610,000 $305,000 $5,406 3.44%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $550,000 $275,000 $3,844 2.88%
Borger, TX (FHA|USDA|VA) 5 $535,000 $107,000 $4,990 3.55%
Fredericksburg, TX (FHA|USDA|VA) 1 $515,000 $515,000 $5,938 2.88%
Miami, OK (FHA|USDA|VA) 2 $510,000 $255,000 $4,401 2.88%
Granbury, TX (FHA|USDA|VA) 1 $485,000 $485,000 $5,424 3.00%
Pampa, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,224 3.50%
LUBBOCK, TX (FHA|USDA|VA) 3 $325,000 $108,333 $3,360 4.00%
ENID, OK (FHA|USDA|VA) 3 $295,000 $98,333 $3,105 3.00%
El Campo, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,156 2.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,224 3.00%
ODESSA, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,290 4.50%
ABILENE, TX (FHA|USDA|VA) 2 $240,000 $120,000 $5,524 3.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,666 2.88%
Weatherford, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,097 3.38%
MIDLAND, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,704 4.50%
Bonham, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,550 2.88%
Ponca City, OK (FHA|USDA|VA) 1 $175,000 $175,000 $6,856 2.88%
Duncan, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,513 2.75%
EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.38%
Durant, OK (FHA|USDA|VA) 1 $85,000 $85,000 $1,577 3.25%
Levelland, TX (FHA|USDA|VA) 1 $65,000 $65,000 $3,940 3.75%
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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,055 $865,965,000 $213,555 $3,942 3.13%
    FHA 1,086 $191,400,000 $176,243 $6,961 3.22%
    VA 376 $95,360,000 $253,617 $6,073 2.91%
    USDA 72 $11,640,000 $161,667 $5,213 3.14%
    HELOC 3 $15,000 $5,000 n/a 0.00%

    For 2020, Associated Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,055 originations. Their 2nd most popular type was FHA, with 1,086 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,840 $788,950,000 $205,456 $4,906 3.17%
    Refi 1,278 $288,330,000 $225,610 $3,786 3.00%
    Cash Out Refi 420 $86,830,000 $206,738 $4,305 3.27%
    Other 54 $270,000 $5,000 $0 0.00%

    For 2020, Associated Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,840 originations. The 2nd most popular reason was Refi, with 1,278 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,963 $1,039,445,000 $209,439 $4,705 3.17%
    15 Year 442 $88,090,000 $199,299 $3,653 2.75%
    20 Year 116 $26,410,000 $227,672 $3,764 3.06%
    Other 50 $7,410,000 $148,200 $4,359 3.12%
    10 Year 21 $3,025,000 $144,048 $3,213 2.73%

    For 2020, Associated Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,963 originations. The 2nd most popular length was 15 Year, with 442 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,348 $895,250,000 $205,899
    $<1k 446 $79,140,000 $177,444
    $2k-3k 422 $97,790,000 $231,730
    $3k-4k 231 $52,725,000 $228,247
    $4k-5k 58 $16,690,000 $287,759
    $5k+ 29 $11,265,000 $388,448

    Associated Mortgage Corporation's average total fees were $4,705, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,348 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,433 $537,905,000 $221,087
    3-4% 2,315 $461,865,000 $199,510
    <2.5% 504 $113,450,000 $225,099
    4-5% 277 $48,935,000 $176,661
    5-6% 9 $1,555,000 $172,778

    During 2020, Associated Mortgage Corporation's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,433 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,629 $401,055,000 $152,550 $4,211 3.17%
    $200k-400k 2,098 $566,270,000 $269,909 $4,968 3.07%
    $100,000 or less 525 $37,425,000 $71,286 $3,546 3.28%
    $400k-600k 335 $155,935,000 $465,478 $5,462 3.06%
    $600k-1MM 5 $3,695,000 $739,000 $12,366 3.18%

    2020 saw Associated Mortgage Corporation place emphasis on $100k-200k loans with 2,629 originations, totaling $401,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,405 $246,025,000 $175,107 $4,550 3.14%
    $50k or less 1,138 $154,250,000 $135,545 $4,268 3.14%
    $100k-150k 1,121 $278,085,000 $248,069 $4,800 3.14%
    $75k-100k 1,010 $212,800,000 $210,693 $4,781 3.13%
    $150k-250k 658 $193,460,000 $294,012 $4,552 3.11%
    $250k+ 236 $73,340,000 $310,763 $4,497 3.18%

    Associated Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,405 originations. The second most popular income band? $50k or less, with 1,138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,313 $276,075,000 $210,263 $4,198 3.08%
    30-36% 1,046 $216,270,000 $206,759 $4,548 3.16%
    <20% 480 $99,270,000 $206,813 $3,775 3.01%
    42% 229 $45,265,000 $197,664 $4,471 3.20%
    50-60% 217 $43,075,000 $198,502 $6,893 3.06%
    44% 215 $42,565,000 $197,977 $4,868 3.30%
    39% 214 $44,800,000 $209,346 $4,759 3.20%
    40% 209 $44,105,000 $211,029 $4,664 3.23%
    43% 197 $44,585,000 $226,320 $4,641 3.17%
    37% 195 $39,715,000 $203,667 $4,731 3.10%
    38% 187 $37,395,000 $199,973 $4,435 3.22%
    41% 183 $36,685,000 $200,464 $4,521 3.25%
    36% 180 $38,100,000 $211,667 $4,570 3.15%
    45% 158 $31,400,000 $198,734 $4,877 3.17%
    49% 151 $32,585,000 $215,795 $5,248 3.24%
    47% 148 $34,260,000 $231,486 $6,042 3.14%
    46% 124 $28,020,000 $225,968 $4,959 3.14%
    48% 113 $21,955,000 $194,292 $4,761 3.11%
    >60% 3 $1,155,000 $385,000 $3,755 2.67%

    Associated Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,313 originations. The next most common DTI ratio? 30-36%, with 1,046 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,461 $934,825,000 $209,555 $4,538 3.14%
    American Indian 411 $85,035,000 $206,898 $5,033 3.10%
    Not provided 382 $78,160,000 $204,607 $4,502 3.10%
    Asian 162 $31,970,000 $197,346 $4,392 3.14%
    Black 146 $28,520,000 $195,342 $5,144 3.17%
    Other Asian 10 $1,760,000 $176,000 $3,278 2.98%
    Asian Indian 6 $1,410,000 $235,000 $4,229 3.13%
    Korean 2 $940,000 $470,000 $5,816 2.50%
    Native Hawaiian or Islander 6 $940,000 $156,667 $4,721 3.25%
    Chinese 2 $330,000 $165,000 $3,317 2.94%
    Filipino 2 $200,000 $100,000 $2,712 3.38%
    Vietnamese 1 $155,000 $155,000 $2,554 2.75%
    Other Pacific Islander 1 $135,000 $135,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    99.53%

    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
    75.73%

    Associated Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,592 $1,164,380,000 $208,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,360,000 $113,333
    Single Family (1-4 Units):Site-Built 5,580 $1,163,020,000 $208,427

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $13,740,000 $159,767 $3,607 2.93%
    40-60% 364 $73,050,000 $200,687 $3,533 2.98%
    60-80% 1,599 $338,865,000 $211,923 $3,793 3.15%
    80-100% 3,401 $715,385,000 $210,345 $4,897 3.16%
    Over 100% 84 $22,830,000 $271,786 $10,887 3.03%
    Under 20% 58 $510,000 $8,793 $2,932 2.30%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 2 18.2%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 6 54.5%
    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%