Armed Forces Bank Mortgage Rates, Fees & Info

Kansas City, MO

LEI: 5493007CLWQN2S6IZK91

Tax ID: 48-0124710

4.1 stars - out of 5 stars, based on 39 reviews

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

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Mortgage Data

Review & Overview

Armed Forces Bank is a smaller bank specializing in Home Purchase loans. Armed Forces Bank has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Las Vegas, Kansas City, San Antonio, and Colorado Springs among others. We have data for 287 markets. (Some data included below & more in-depth data is available with an active subscription.)

Armed Forces Bank 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. Armed Forces Bank 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.

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 6.52% 5/28/23
30 Year Conventional Refi 6.30% 5/28/23
30 Year Cash-out Refi 6.54% 5/28/23
30 Year FHA Purchase 6.96% 5/28/23
30 Year FHA Refi 6.40% 5/28/23
30 Year VA Purchase 5.69% 5/28/23
30 Year VA Refi 5.43% 5/28/23
30 Year USDA Purchase 6.27% 5/28/23
15 Year Conventional Purchase 6.04% 5/28/23
15 Year Conventional Refi 5.75% 5/28/23
15 Year Cash-out Refi 5.75% 5/28/23
15 Year VA Purchase 5.67% 5/28/23
15 Year VA Refi 5.68% 5/28/23
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.

Armed Forces Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Armed Forces Bank. 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

1,549

Origination Dollar Volume (All Markets)

$612,605,000
Show all (9) awards

Relative Rate

Armed Forces Bank's average 30 year fixed mortgage rate was 4.5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.26%.

Relative Fees (Closing Costs)

Armed Forces Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $8,171.

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 $4,750.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 83 $40,835,000 $491,988 $6,305 4.57%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 59 $25,355,000 $429,746 $7,342 4.33%
KANSAS CITY, MO-KS (FHA|USDA|VA) 82 $24,160,000 $294,634 $4,699 4.76%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 57 $23,205,000 $407,105 $9,904 4.39%
COLORADO SPRINGS, CO (FHA|USDA|VA) 47 $22,745,000 $483,936 $10,191 4.77%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 41 $22,745,000 $554,756 $13,043 4.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 50 $20,830,000 $416,600 $4,826 4.48%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 49 $17,645,000 $360,102 $10,499 4.62%
Outside of Metro Areas 49 $16,955,000 $346,020 $7,378 4.39%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $14,415,000 $436,818 $10,698 4.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $11,415,000 $600,789 $8,876 4.23%
MANHATTAN, KS (FHA|USDA|VA) 47 $10,805,000 $229,894 $4,202 4.35%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 26 $10,600,000 $407,692 $11,429 4.39%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 22 $9,750,000 $443,182 $9,642 4.10%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 17 $9,565,000 $562,647 $9,418 4.66%
FAYETTEVILLE, NC (FHA|USDA|VA) 30 $8,280,000 $276,000 $8,639 5.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $7,320,000 $522,857 $12,526 4.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 16 $7,000,000 $437,500 $7,334 4.42%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $6,965,000 $535,769 $8,077 4.48%
HUNTSVILLE, AL (FHA|USDA|VA) 16 $6,400,000 $400,000 $7,213 3.89%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $6,270,000 $627,000 $9,218 4.09%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $6,010,000 $751,250 $20,574 3.95%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 12 $5,970,000 $497,500 $8,991 4.46%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $5,725,000 $520,455 $9,522 3.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10 $5,220,000 $522,000 $9,751 4.24%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 11 $5,155,000 $468,636 $9,878 4.39%
BAKERSFIELD, CA (FHA|USDA|VA) 12 $4,920,000 $410,000 $7,796 4.11%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $4,535,000 $647,857 $19,563 4.27%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $4,485,000 $498,333 $10,195 4.51%
Clovis, NM (FHA|USDA|VA) 17 $4,415,000 $259,706 $8,738 5.21%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 13 $4,345,000 $334,231 $7,957 4.51%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $4,335,000 $619,286 $13,180 4.73%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 14 $4,200,000 $300,000 $8,614 5.14%
JACKSONVILLE, FL (FHA|USDA|VA) 10 $4,040,000 $404,000 $6,965 4.51%
OKLAHOMA CITY, OK (FHA|USDA|VA) 15 $3,965,000 $264,333 $8,353 4.31%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $3,950,000 $493,750 $10,566 3.83%
EL PASO, TX (FHA|USDA|VA) 15 $3,615,000 $241,000 $7,818 4.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $3,595,000 $399,444 $6,673 4.96%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $3,415,000 $379,444 $6,398 4.44%
WICHITA, KS (FHA|USDA|VA) 9 $3,305,000 $367,222 $9,509 4.82%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 11 $3,165,000 $287,727 $8,918 4.09%
DAYTON-KETTERING, OH (FHA|USDA|VA) 11 $2,985,000 $271,364 $8,272 4.62%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $2,960,000 $493,333 $10,219 4.29%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $2,845,000 $406,429 $10,390 3.98%
TUCSON, AZ (FHA|USDA|VA) 8 $2,820,000 $352,500 $7,503 4.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $2,720,000 $453,333 $10,508 3.31%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,660,000 $665,000 $4,506 4.91%
Brainerd, MN (FHA|USDA|VA) 9 $2,605,000 $289,444 $3,957 5.47%
ANCHORAGE, AK (FHA|USDA|VA) 6 $2,520,000 $420,000 $6,032 3.83%
Alamogordo, NM (FHA|USDA|VA) 11 $2,515,000 $228,636 $7,209 5.01%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $2,465,000 $493,000 $4,023 4.05%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $2,430,000 $405,000 $6,500 5.08%
SAVANNAH, GA (FHA|USDA|VA) 7 $2,315,000 $330,714 $7,816 4.20%
Enterprise, AL (FHA|USDA|VA) 8 $2,310,000 $288,750 $7,120 5.19%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $2,190,000 $365,000 $11,081 3.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $2,145,000 $429,000 $11,608 4.48%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,130,000 $532,500 $3,259 4.34%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $2,060,000 $515,000 $2,641 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $1,935,000 $276,429 $6,555 4.80%
COLUMBUS, OH (FHA|USDA|VA) 5 $1,885,000 $377,000 $12,903 3.93%
TOPEKA, KS (FHA|USDA|VA) 7 $1,865,000 $266,429 $3,028 5.04%
SUMTER, SC (FHA|USDA|VA) 6 $1,830,000 $305,000 $5,356 3.40%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,785,000 $357,000 $11,041 4.78%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,780,000 $445,000 $8,162 4.13%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,775,000 $591,667 $16,662 3.67%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,745,000 $581,667 $2,930 4.08%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $1,720,000 $430,000 $8,720 5.19%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $1,700,000 $425,000 $7,686 4.44%
GREELEY, CO (FHA|USDA|VA) 2 $1,650,000 $825,000 $7,500 3.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,640,000 $410,000 $8,115 3.94%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $1,620,000 $405,000 $9,626 4.38%
STOCKTON, CA (FHA|USDA|VA) 4 $1,620,000 $405,000 $10,033 4.03%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $1,605,000 $535,000 $5,681 4.50%
VALLEJO, CA (FHA|USDA|VA) 3 $1,565,000 $521,667 $9,305 3.12%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $1,540,000 $385,000 $3,183 4.44%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $1,525,000 $508,333 $10,167 3.54%
LAWRENCE, KS (FHA|USDA|VA) 6 $1,490,000 $248,333 $5,781 4.40%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,480,000 $370,000 $5,321 4.62%
LAS CRUCES, NM (FHA|USDA|VA) 3 $1,455,000 $485,000 $12,509 4.08%
KNOXVILLE, TN (FHA|USDA|VA) 2 $1,430,000 $715,000 $10,000 4.88%
LOUISVILLE, KY (FHA|USDA|VA) 3 $1,415,000 $471,667 $2,354 3.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $1,410,000 $352,500 $2,584 5.13%
BOISE CITY, ID (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,168 3.47%
CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $1,400,000 $350,000 $4,952 5.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,380,000 $345,000 $7,622 3.38%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $1,375,000 $458,333 $6,005 4.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $1,370,000 $342,500 $9,474 4.56%
Key West, FL (FHA|USDA|VA) 2 $1,360,000 $680,000 $20,287 2.56%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,315,000 $438,333 $6,240 5.17%
RICHMOND, VA (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,964 3.94%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 5 $1,255,000 $251,000 $4,212 3.90%
TWIN FALLS, ID (FHA|USDA|VA) 2 $1,230,000 $615,000 $10,398 4.19%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,225,000 $408,333 $5,550 3.83%
CHEYENNE, WY (FHA|USDA|VA) 3 $1,215,000 $405,000 $11,008 3.67%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $12,154 4.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,950 4.31%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $1,200,000 $600,000 $12,267 4.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,190,000 $297,500 $3,877 5.06%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $9,257 3.25%
PANAMA CITY, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,851 4.88%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $1,160,000 $580,000 $12,429 3.19%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,160,000 $193,333 $6,552 4.71%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,206 3.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $1,125,000 $375,000 $10,599 4.42%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,977 4.71%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $8,621 4.71%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,050,000 $525,000 $2,816 4.38%
DOVER, DE (FHA|USDA|VA) 3 $1,045,000 $348,333 $9,315 4.33%
ROCHESTER, MN (FHA|USDA|VA) 2 $1,040,000 $520,000 $13,437 3.06%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,211 5.13%
MONTGOMERY, AL (FHA|USDA|VA) 5 $1,005,000 $201,000 $7,783 5.38%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $995,000 $331,667 $8,440 3.54%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $995,000 $331,667 $12,066 4.46%
GOLDSBORO, NC (FHA|USDA|VA) 3 $995,000 $331,667 $9,771 4.21%
Altus, OK (FHA|USDA|VA) 4 $990,000 $247,500 $8,736 4.84%
SPRINGFIELD, MO (FHA|USDA|VA) 5 $985,000 $197,000 $3,708 5.52%
Traverse City, MI (FHA|USDA|VA) 1 $975,000 $975,000 $3,471 5.25%
Outside of Metro Areas 1 $975,000 $975,000 $6,134 4.50%
COLUMBIA, MO (FHA|USDA|VA) 2 $970,000 $485,000 $17,794 4.19%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $965,000 $321,667 $1,651 3.96%
Barre, VT (FHA|USDA|VA) 2 $960,000 $480,000 $6,675 4.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $950,000 $475,000 $8,948 3.31%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $910,000 $227,500 $3,375 3.84%
Del Rio, TX (FHA|USDA|VA) 3 $905,000 $301,667 $10,596 4.87%
ENID, OK (FHA|USDA|VA) 3 $895,000 $298,333 $11,574 3.25%
Easton, MD (FHA|USDA|VA) 2 $890,000 $445,000 $4,536 3.88%
IOWA CITY, IA (FHA|USDA|VA) 2 $890,000 $445,000 $7,832 3.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $880,000 $440,000 $7,552 5.63%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $880,000 $440,000 $11,931 4.31%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $870,000 $435,000 $12,854 4.44%
BILLINGS, MT (FHA|USDA|VA) 2 $870,000 $435,000 $11,994 4.44%
BOULDER, CO (FHA|USDA|VA) 2 $860,000 $430,000 $13,323 3.75%
Oak Harbor, WA (FHA|USDA|VA) 2 $820,000 $410,000 $11,505 4.44%
HINESVILLE, GA (FHA|USDA|VA) 3 $795,000 $265,000 $8,464 5.21%
Morehead City, NC (FHA|USDA|VA) 2 $790,000 $395,000 $10,252 6.50%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $790,000 $395,000 $10,797 3.81%
OCALA, FL (FHA|USDA|VA) 3 $785,000 $261,667 $7,871 3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $780,000 $390,000 $8,469 4.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $780,000 $390,000 $14,157 6.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $755,000 $251,667 $2,966 4.21%
MADISON, WI (FHA|USDA|VA) 2 $740,000 $370,000 $4,852 3.63%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $730,000 $365,000 $16,228 4.25%
VALDOSTA, GA (FHA|USDA|VA) 2 $730,000 $365,000 $13,335 3.81%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $685,000 $228,333 $4,381 3.71%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $680,000 $340,000 $5,859 3.63%
PUEBLO, CO (FHA|USDA|VA) 2 $680,000 $340,000 $11,731 5.19%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $680,000 $340,000 $8,055 4.44%
RENO, NV (FHA|USDA|VA) 1 $675,000 $675,000 $27,019 4.75%
Rutland, VT (FHA|USDA|VA) 1 $675,000 $675,000 $27,928 4.63%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $670,000 $335,000 $5,288 4.13%
AKRON, OH (FHA|USDA|VA) 2 $670,000 $335,000 $10,442 6.00%
WACO, TX (FHA|USDA|VA) 2 $660,000 $330,000 $8,934 4.31%
Sheridan, WY (FHA|USDA|VA) 1 $655,000 $655,000 $12,438 3.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $655,000 $655,000 $12,007 2.38%
FARGO, ND-MN (FHA|USDA|VA) 2 $650,000 $325,000 $6,042 4.88%
LAFAYETTE, LA (FHA|USDA|VA) 2 $620,000 $310,000 $4,063 4.31%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $615,000 $615,000 $11,649 3.25%
Lebanon, NH-VT (FHA|USDA|VA) 1 $605,000 $605,000 $9,874 3.50%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $595,000 $595,000 $23,746 4.25%
Richmond-Berea, KY (FHA|USDA|VA) 1 $585,000 $585,000 $3,416 5.38%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $585,000 $585,000 $411 2.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $580,000 $145,000 $3,719 5.34%
Cullowhee, NC (FHA|USDA|VA) 1 $575,000 $575,000 $2,604 3.38%
Hilo, HI (FHA|USDA|VA) 1 $575,000 $575,000 $4,396 4.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $565,000 $565,000 $17,521 3.75%
Bedford, IN (FHA|USDA|VA) 1 $565,000 $565,000 $4,372 4.75%
Williston, ND (FHA|USDA|VA) 1 $555,000 $555,000 $3,893 4.25%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $555,000 $555,000 $19,226 4.38%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $550,000 $275,000 $5,628 5.31%
Thomaston, GA (FHA|USDA|VA) 1 $535,000 $535,000 $3,463 4.50%
Statesboro, GA (FHA|USDA|VA) 2 $530,000 $265,000 $2,860 4.25%
Coos Bay, OR (FHA|USDA|VA) 1 $525,000 $525,000 $12,604 4.50%
LONGVIEW, WA (FHA|USDA|VA) 1 $515,000 $515,000 $5,403 4.25%
LOGAN, UT-ID (FHA|USDA|VA) 1 $515,000 $515,000 $10,451 4.38%
Ozark, AL (FHA|USDA|VA) 2 $510,000 $255,000 $9,255 5.31%
Sanford, NC (FHA|USDA|VA) 2 $510,000 $255,000 $12,289 4.94%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $510,000 $255,000 $6,002 4.63%
Bozeman, MT (FHA|USDA|VA) 1 $505,000 $505,000 $12,321 4.50%
SALEM, OR (FHA|USDA|VA) 1 $505,000 $505,000 $2,090 2.25%
Paris, TN (FHA|USDA|VA) 1 $505,000 $505,000 $20,625 4.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $500,000 $250,000 $6,467 4.94%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $495,000 $495,000 $3,300 4.75%
Opelousas, LA (FHA|USDA|VA) 1 $495,000 $495,000 $8,044 3.25%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $495,000 $495,000 $13,890 3.38%
Laconia, NH (FHA|USDA|VA) 1 $495,000 $495,000 $10,122 3.75%
Warrensburg, MO (FHA|USDA|VA) 1 $485,000 $485,000 $18,463 4.75%
Grand Rapids, MN (FHA|USDA|VA) 1 $485,000 $485,000 $1,641 2.50%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $485,000 $485,000 $2,710 5.00%
MADERA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,246 4.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $475,000 $475,000 $4,381 3.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $470,000 $235,000 $6,605 6.44%
MOBILE, AL (FHA|USDA|VA) 2 $470,000 $235,000 $5,447 3.81%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $465,000 $465,000 $8,389 6.38%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $465,000 $465,000 $16,896 4.38%
Cookeville, TN (FHA|USDA|VA) 1 $465,000 $465,000 $17,942 3.25%
Montrose, CO (FHA|USDA|VA) 1 $465,000 $465,000 $2,716 4.25%
Houghton, MI (FHA|USDA|VA) 1 $465,000 $465,000 $11,058 4.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $465,000 $465,000 $3,174 4.75%
MIDLAND, MI (FHA|USDA|VA) 1 $455,000 $455,000 $10,149 4.25%
Salina, KS (FHA|USDA|VA) 2 $450,000 $225,000 $1,304 3.31%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $440,000 $220,000 $2,450 5.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $435,000 $435,000 $18,039 4.38%
SANTA FE, NM (FHA|USDA|VA) 1 $425,000 $425,000 $11,794 4.50%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $425,000 $425,000 $3,456 3.38%
Jefferson, GA (FHA|USDA|VA) 1 $425,000 $425,000 $8,672 2.50%
Albertville, AL (FHA|USDA|VA) 1 $425,000 $425,000 $2,433 3.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $425,000 $425,000 $25,213 4.88%
ASHEVILLE, NC (FHA|USDA|VA) 1 $415,000 $415,000 $2,772 4.25%
Ellensburg, WA (FHA|USDA|VA) 1 $415,000 $415,000 $16,693 2.50%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $415,000 $415,000 $1,889 3.38%
Brookings, OR (FHA|USDA|VA) 1 $405,000 $405,000 $6,490 4.25%
Glenwood Springs, CO (FHA|USDA|VA) 1 $405,000 $405,000 $5,449 3.63%
BELLINGHAM, WA (FHA|USDA|VA) 1 $395,000 $395,000 $2,503 5.50%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $395,000 $395,000 $4,033 4.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $385,000 $385,000 $2,196 2.38%
JACKSON, MS (FHA|USDA|VA) 2 $370,000 $185,000 $5,036 4.88%
MIDLAND, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,643 3.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $365,000 $365,000 $14,280 4.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $365,000 $365,000 $2,516 4.25%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $365,000 $365,000 $8,143 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 2 $360,000 $180,000 $3,882 6.31%
DECATUR, AL (FHA|USDA|VA) 1 $355,000 $355,000 $7,897 4.63%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $355,000 $355,000 $3,312 5.00%
Sevierville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $4,231 2.75%
Washington, IN (FHA|USDA|VA) 2 $350,000 $175,000 $2,034 3.56%
Blytheville, AR (FHA|USDA|VA) 1 $345,000 $345,000 $6,581 3.00%
GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $340,000 $170,000 $2,854 5.19%
CHARLESTON, WV (FHA|USDA|VA) 1 $335,000 $335,000 $11,546 3.88%
RAPID CITY, SD (FHA|USDA|VA) 1 $335,000 $335,000 $9,763 4.50%
Fallon, NV (FHA|USDA|VA) 1 $335,000 $335,000 $11,058 3.25%
Murray, KY (FHA|USDA|VA) 1 $325,000 $325,000 $9,971 3.00%
FAIRBANKS, AK (FHA|USDA|VA) 1 $325,000 $325,000 $13,917 7.63%
WILMINGTON, NC (FHA|USDA|VA) 1 $325,000 $325,000 $13,368 4.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $325,000 $325,000 $2,827 5.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,155 4.50%
Norfolk, NE (FHA|USDA|VA) 1 $315,000 $315,000 $5,519 4.75%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $315,000 $315,000 $4,562 4.75%
Hutchinson, KS (FHA|USDA|VA) 1 $315,000 $315,000 $2,237 2.75%
NEW BERN, NC (FHA|USDA|VA) 1 $305,000 $305,000 $8,163 5.25%
Defiance, OH (FHA|USDA|VA) 1 $305,000 $305,000 $5,144 4.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $7,803 4.50%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $300,000 $150,000 $5,608 4.81%
YUMA, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $9,610 4.75%
Granbury, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,049 4.88%
Crossville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $6,738 3.75%
El Campo, TX (FHA|USDA|VA) 1 $295,000 $295,000 $10,972 4.25%
TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,347 5.88%
LAWTON, OK (FHA|USDA|VA) 1 $285,000 $285,000 $15,590 3.88%
Lumberton, NC (FHA|USDA|VA) 1 $275,000 $275,000 $12,071 4.75%
Minot, ND (FHA|USDA|VA) 1 $275,000 $275,000 $9,467 6.13%
Kalispell, MT (FHA|USDA|VA) 1 $275,000 $275,000 $3,203 4.88%
Seymour, IN (FHA|USDA|VA) 1 $265,000 $265,000 $6,029 4.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $265,000 $265,000 $11,410 4.25%
Corning, NY (FHA|USDA|VA) 1 $265,000 $265,000 $6,807 7.25%
Stevens Point, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,759 2.38%
Troy, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,302 4.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,343 7.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $255,000 $255,000 $3,443 5.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,893 5.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $245,000 $245,000 $9,229 4.25%
ELMIRA, NY (FHA|USDA|VA) 1 $245,000 $245,000 $6,626 7.25%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $245,000 $245,000 $141 4.63%
Coffeyville, KS (FHA|USDA|VA) 1 $245,000 $245,000 $7,878 3.75%
DULUTH, MN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,314 2.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $235,000 $235,000 $8,137 5.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,751 4.25%
Bardstown, KY (FHA|USDA|VA) 1 $215,000 $215,000 $11,727 5.63%
MANSFIELD, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,207 4.63%
JACKSON, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,906 5.13%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $195,000 $195,000 $4,144 6.38%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,064 6.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $6,337 5.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,782 6.63%
Aberdeen, WA (FHA|USDA|VA) 1 $165,000 $165,000 $4,652 6.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $165,000 $165,000 $6,759 4.75%
Sonora, CA (FHA|USDA|VA) 1 $155,000 $155,000 $7,822 3.75%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $155,000 $155,000 $6,482 6.13%
HAMMOND, LA (FHA|USDA|VA) 1 $135,000 $135,000 $5,408 5.25%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $125,000 $125,000 $10,833 6.63%
DOTHAN, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,300 5.75%
DECATUR, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,315 5.63%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $95,000 $95,000 $1,840 3.63%
Cañon City, CO (FHA|USDA|VA) 1 $75,000 $75,000 $5,642 3.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,266 5.13%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $65,000 $65,000 $3,112 5.25%
Kingsville, TX (FHA|USDA|VA) 1 $45,000 $45,000 $3,453 4.38%
BECKLEY, WV (FHA|USDA|VA) 1 $45,000 $45,000 $3,387 3.99%
Armed Forces Bank's top markets include Phoenix, Las Vegas, Kansas City, San Antonio, and Colorado Springs among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 983 $422,025,000 $429,323 $9,852 4.29%
    Conventional 531 $180,355,000 $339,652 $4,665 4.78%
    FHA 35 $10,225,000 $292,143 $9,109 4.58%

    For 2022, Armed Forces Bank's most frequently originated type of loan was VA, with 983 originations. Their 2nd most popular type was Conventional, with 531 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,231 $494,405,000 $401,629 $8,632 4.61%
    Cash Out Refi 239 $91,975,000 $384,833 $6,651 4.06%
    Refi 79 $26,225,000 $331,962 $3,385 3.46%

    For 2022, Armed Forces Bank's most frequently cited loan purpose was Home Purchase, with 1,231 originations. The 2nd most popular reason was Cash Out Refi, with 239 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,505 $599,255,000 $398,176 $8,171 4.50%
    15 Year 37 $11,245,000 $303,919 $4,377 3.42%
    20 Year 3 $1,065,000 $355,000 $3,590 3.33%
    10 Year 2 $160,000 $80,000 $1,759 4.38%
    Other 2 $880,000 $440,000 $4,297 3.31%

    For 2022, Armed Forces Bank's most frequently cited loan duration was 30 Year, with 1,505 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 903 $368,585,000 $408,178
    $1k-2k 216 $68,800,000 $318,519
    $2k-3k 152 $50,410,000 $331,645
    $5k+ 129 $70,515,000 $546,628
    $3k-4k 86 $29,180,000 $339,302
    $4k-5k 62 $24,920,000 $401,935

    Armed Forces Bank's average total fees were $8,171, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 903 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 586 $241,060,000 $411,365
    3-4% 373 $149,345,000 $400,389
    5-6% 265 $95,005,000 $358,509
    6-7% 143 $46,185,000 $322,972
    2.5-3% 85 $39,095,000 $459,941
    <2.5% 78 $35,640,000 $456,923
    7-8% 18 $5,990,000 $332,778

    During 2022, Armed Forces Bank's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 586 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 695 $212,765,000 $306,137 $6,976 4.58%
    $400k-600k 454 $220,850,000 $486,454 $9,495 4.25%
    $600k-1MM 178 $125,870,000 $707,135 $12,212 4.15%
    $100k-200k 176 $27,470,000 $156,080 $4,320 4.87%
    $100,000 or less 30 $2,310,000 $77,000 $3,510 4.68%
    $1MM+ 16 $23,340,000 $1,458,750 $17,746 4.40%

    2022 saw Armed Forces Bank place emphasis on $200k-400k loans with 695 originations, totaling $212,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 481 $196,145,000 $407,786 $8,356 4.44%
    $150k-250k 341 $163,285,000 $478,842 $8,969 4.40%
    $75k-100k 295 $103,785,000 $351,814 $8,812 4.46%
    $50k-75k 253 $68,045,000 $268,953 $6,680 4.70%
    $250k+ 94 $61,510,000 $654,362 $8,227 4.64%
    $50k or less 56 $9,410,000 $168,036 $4,652 4.52%

    Armed Forces Bank lent most frequently to those with incomes in the $100k-150k range, with 481 originations. The second most popular income band? $150k-250k, with 341 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 271 $120,995,000 $446,476 $11,981 4.52%
    30-36% 256 $98,090,000 $383,164 $6,842 4.45%
    20-30% 205 $76,705,000 $374,171 $7,055 4.34%
    43% 63 $24,935,000 $395,794 $7,196 4.49%
    42% 61 $26,385,000 $432,541 $7,909 4.47%
    49% 60 $23,260,000 $387,667 $6,667 4.58%
    45% 59 $21,935,000 $371,780 $7,534 4.57%
    36% 55 $20,435,000 $371,545 $8,347 4.72%
    44% 54 $18,090,000 $335,000 $7,253 4.63%
    >60% 49 $23,415,000 $477,857 $10,475 4.22%
    40% 48 $17,530,000 $365,208 $6,956 4.43%
    41% 47 $18,635,000 $396,489 $7,992 4.69%
    46% 46 $17,810,000 $387,174 $7,395 4.78%
    48% 45 $15,995,000 $355,444 $7,110 4.60%
    37% 45 $17,895,000 $397,667 $6,449 4.59%
    47% 43 $18,515,000 $430,581 $7,520 4.76%
    38% 43 $18,235,000 $424,070 $9,052 4.39%
    39% 38 $14,260,000 $375,263 $6,590 4.33%
    <20% 38 $10,930,000 $287,632 $5,740 4.28%

    Armed Forces Bank lent most frequently to those with DTI ratios of 50-60%, with 271 originations. The next most common DTI ratio? 30-36%, with 256 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,071 $418,395,000 $390,658 $8,020 4.47%
    Not provided 287 $116,895,000 $407,300 $7,715 4.41%
    Black 117 $46,065,000 $393,718 $9,043 4.57%
    Asian 46 $17,530,000 $381,087 $8,279 4.48%
    American Indian 23 $11,985,000 $521,087 $8,109 4.40%
    Native Hawaiian or Islander 4 $1,360,000 $340,000 $10,614 4.00%
    Guamanian 1 $375,000 $375,000 $10,819 4.00%

    Approval Rates

    Total approvals of all applications
    94.60%

    Armed Forces Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.81%

    Armed Forces Bank 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 1,549 $612,605,000 $395,484

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,549 $612,605,000 $395,484

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $7,815,000 $223,286 $3,173 4.32%
    40-60% 79 $23,855,000 $301,962 $4,967 4.47%
    60-80% 349 $131,205,000 $375,946 $5,745 4.50%
    80-100% 829 $343,815,000 $414,735 $7,229 4.44%
    Over 100% 246 $103,860,000 $422,195 $16,031 4.56%
    Under 20% 5 $585,000 $117,000 $3,618 4.38%