Armed Forces Bank Mortgage Rates, Fees & Info

Kansas City, MO

LEI: 5493007CLWQN2S6IZK91

Tax ID: 48-0124710

5 stars - out of 5 stars, based on 28 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Armed Forces Bank is a smaller bank specializing in Refi and Home Purchase loans. Armed Forces Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Colorado Springs, Kansas City, Phoenix, Las Vegas, and Seattle among others. We have data for 170 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.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.68% 10/3/22
    30 Year Conventional Refi 6.62% 10/3/22
    30 Year FHA Purchase 7.43% 10/3/22
    30 Year FHA Refi 6.84% 10/3/22
    30 Year VA Purchase 6.05% 10/3/22
    30 Year VA Refi 5.84% 10/3/22
    30 Year USDA Purchase 6.80% 10/3/22
    15 Year Conventional Purchase 6.20% 10/3/22
    15 Year Conventional Refi 6.32% 10/3/22
    15 Year Cash-out Refi 6.32% 10/3/22
    15 Year VA Refi 6.12% 10/3/22
    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.


    Originations

    759

    Origination Dollar Volume (All Markets)

    $224,885,000

    Employee count

    317 Show all (9) awards

    Relative Rate

    Armed Forces Bank's average 30 year fixed mortgage rate was 2.74%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.41%.

    Relative Fees (Closing Costs)

    Armed Forces Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,843.

    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
    COLORADO SPRINGS, CO (FHA|USDA|VA) 79 $27,275,000 $345,253 $5,339 2.69%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 100 $23,570,000 $235,700 $3,453 2.72%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 34 $12,260,000 $360,588 $4,711 2.91%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 39 $11,305,000 $289,872 $4,573 2.67%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 33 $11,235,000 $340,455 $5,609 2.51%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 14 $6,940,000 $495,714 $7,070 2.48%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 18 $6,210,000 $345,000 $4,926 2.92%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $5,530,000 $460,833 $3,834 2.92%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $5,080,000 $635,000 $12,203 2.53%
    BAKERSFIELD, CA (FHA|USDA|VA) 17 $4,345,000 $255,588 $3,671 2.81%
    Outside of Metro Areas 19 $3,645,000 $191,842 $3,864 2.98%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $3,555,000 $323,182 $3,205 2.43%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $3,350,000 $558,333 $2,841 2.52%
    MANHATTAN, KS (FHA|USDA|VA) 16 $3,120,000 $195,000 $3,522 2.98%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $2,650,000 $331,250 $2,533 2.53%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,565,000 $285,000 $3,434 2.79%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,540,000 $317,500 $3,780 2.69%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $2,520,000 $315,000 $3,589 2.77%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,175,000 $310,714 $3,622 2.54%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $2,095,000 $419,000 $8,560 2.57%
    VALLEJO, CA (FHA|USDA|VA) 4 $2,040,000 $510,000 $3,583 2.88%
    GREELEY, CO (FHA|USDA|VA) 3 $1,985,000 $661,667 $7,888 2.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,960,000 $490,000 $3,270 2.62%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,910,000 $477,500 $8,614 2.78%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,870,000 $311,667 $5,957 2.69%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,710,000 $285,000 $3,356 2.48%
    EL PASO, TX (FHA|USDA|VA) 7 $1,705,000 $243,571 $3,592 2.48%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,875 2.60%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 8 $1,600,000 $200,000 $4,074 2.53%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $1,550,000 $258,333 $5,806 2.67%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,455,000 $485,000 $4,704 2.21%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $1,405,000 $200,714 $4,687 2.89%
    Altus, OK (FHA|USDA|VA) 5 $1,385,000 $277,000 $6,516 3.28%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,380,000 $345,000 $3,386 2.44%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,375,000 $196,429 $2,310 2.54%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,365,000 $455,000 $6,057 2.46%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,330,000 $332,500 $7,759 2.31%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $1,330,000 $332,500 $3,181 2.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,325,000 $441,667 $9,055 2.67%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $1,305,000 $186,429 $3,495 2.86%
    MISSOULA, MT (FHA|USDA|VA) 2 $1,280,000 $640,000 $10,459 2.31%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $1,145,000 $381,667 $2,310 2.71%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $8,047 2.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $1,125,000 $225,000 $8,540 2.72%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $9,072 2.33%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,432 2.46%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,020,000 $255,000 $7,291 2.44%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $990,000 $247,500 $4,715 2.59%
    TUCSON, AZ (FHA|USDA|VA) 4 $940,000 $235,000 $8,445 2.97%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $930,000 $465,000 $2,691 2.56%
    PROVO-OREM, UT (FHA|USDA|VA) 3 $905,000 $301,667 $2,005 3.21%
    COLUMBIA, SC (FHA|USDA|VA) 4 $850,000 $212,500 $6,990 2.88%
    CHEYENNE, WY (FHA|USDA|VA) 3 $845,000 $281,667 $9,321 2.58%
    Clovis, NM (FHA|USDA|VA) 4 $820,000 $205,000 $5,957 2.56%
    Fort Leonard Wood, MO (FHA|USDA|VA) 5 $715,000 $143,000 $2,434 2.72%
    ANCHORAGE, AK (FHA|USDA|VA) 2 $710,000 $355,000 $5,411 2.31%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $700,000 $350,000 $11,877 2.63%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $690,000 $345,000 $6,141 2.38%
    VALDOSTA, GA (FHA|USDA|VA) 4 $680,000 $170,000 $3,705 2.78%
    MADISON, WI (FHA|USDA|VA) 1 $665,000 $665,000 $2,651 2.50%
    RICHMOND, VA (FHA|USDA|VA) 2 $630,000 $315,000 $2,741 2.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $630,000 $315,000 $1,717 2.25%
    ENID, OK (FHA|USDA|VA) 3 $585,000 $195,000 $6,193 2.38%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $575,000 $575,000 $3,144 2.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $570,000 $285,000 $6,893 2.94%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 4 $570,000 $142,500 $6,426 2.94%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 5 $565,000 $113,000 $2,232 2.50%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $555,000 $555,000 $9,778 2.38%
    Greenwood, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,356 3.00%
    Branson, MO (FHA|USDA|VA) 1 $545,000 $545,000 $3,430 2.50%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $530,000 $132,500 $1,885 2.56%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $520,000 $260,000 $2,891 2.87%
    TOPEKA, KS (FHA|USDA|VA) 3 $515,000 $171,667 $2,190 2.63%
    BEND, OR (FHA|USDA|VA) 1 $515,000 $515,000 $3,756 3.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $500,000 $250,000 $2,656 2.62%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $500,000 $250,000 $3,385 3.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $480,000 $240,000 $3,509 2.94%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $475,000 $475,000 $5,541 2.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $470,000 $235,000 $3,493 2.25%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $455,000 $151,667 $3,322 2.63%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $455,000 $455,000 $14,888 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $455,000 $455,000 $4,749 2.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $445,000 $445,000 $7,180 3.38%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $440,000 $220,000 $2,450 2.37%
    COLUMBUS, GA-AL (FHA|USDA|VA) 3 $435,000 $145,000 $2,650 3.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $430,000 $215,000 $2,613 2.25%
    Shelton, WA (FHA|USDA|VA) 1 $415,000 $415,000 $12,653 2.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $415,000 $138,333 $3,843 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $4,256 2.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $415,000 $138,333 $3,053 3.71%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $405,000 $405,000 $1,749 2.25%
    Fernley, NV (FHA|USDA|VA) 1 $385,000 $385,000 $3,378 2.63%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $385,000 $385,000 $2,492 2.88%
    DOVER, DE (FHA|USDA|VA) 1 $385,000 $385,000 $3,660 3.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $385,000 $385,000 $12,106 2.63%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $375,000 $375,000 $3,650 2.75%
    FRESNO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $1,372 2.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $365,000 $365,000 $12,353 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,366 3.00%
    Picayune, MS (FHA|USDA|VA) 2 $360,000 $180,000 $5,008 3.44%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $355,000 $355,000 $14,327 3.25%
    Morehead City, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,818 2.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,378 2.75%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $340,000 $170,000 $3,962 2.88%
    SUMTER, SC (FHA|USDA|VA) 1 $335,000 $335,000 $5,134 2.25%
    Ruston, LA (FHA|USDA|VA) 1 $335,000 $335,000 $1,498 3.13%
    RAPID CITY, SD (FHA|USDA|VA) 1 $325,000 $325,000 $3,543 3.13%
    HAMMOND, LA (FHA|USDA|VA) 2 $320,000 $160,000 $2,235 2.69%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $4,760 2.50%
    Cullman, AL (FHA|USDA|VA) 1 $315,000 $315,000 $1,936 2.50%
    WICHITA, KS (FHA|USDA|VA) 1 $315,000 $315,000 $2,671 3.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,690 2.99%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $305,000 $305,000 $9,671 2.25%
    LAWRENCE, KS (FHA|USDA|VA) 1 $305,000 $305,000 $1,039 2.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,301 2.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,411 2.25%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $275,000 $275,000 $1,521 2.38%
    PUEBLO, CO (FHA|USDA|VA) 1 $275,000 $275,000 $12,296 2.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $2,504 2.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $255,000 $255,000 $1,823 2.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,200 2.63%
    London, KY (FHA|USDA|VA) 1 $255,000 $255,000 $1,013 2.75%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $235,000 $235,000 $1,964 2.75%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,421 2.50%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $225,000 $225,000 $1,805 2.25%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $225,000 $225,000 $1,626 2.38%
    DOTHAN, AL (FHA|USDA|VA) 1 $225,000 $225,000 $15,183 2.25%
    TOLEDO, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,776 2.75%
    Burley, ID (FHA|USDA|VA) 1 $215,000 $215,000 $3,408 2.63%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $205,000 $205,000 $956 3.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,951 2.75%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,938 2.38%
    WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,804 2.88%
    ABILENE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,055 2.25%
    YUMA, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $5,522 2.25%
    Grenada, MS (FHA|USDA|VA) 1 $185,000 $185,000 $6,157 3.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,379 2.87%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $175,000 $175,000 $7,924 2.75%
    Fremont, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,597 2.75%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $3,919 2.50%
    HINESVILLE, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,638 3.00%
    Duncan, OK (FHA|USDA|VA) 1 $175,000 $175,000 $3,936 2.88%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $175,000 $175,000 $4,233 2.75%
    Starkville, MS (FHA|USDA|VA) 1 $165,000 $165,000 $4,223 3.25%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,925 3.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,318 3.00%
    SALINAS, CA (FHA|USDA|VA) 1 $155,000 $155,000 $6,246 3.25%
    POCATELLO, ID (FHA|USDA|VA) 1 $145,000 $145,000 $729 2.88%
    Kingsville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,740 2.25%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $145,000 $145,000 $1,356 2.25%
    Klamath Falls, OR (FHA|USDA|VA) 1 $145,000 $145,000 $1,256 2.25%
    NEW BERN, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,151 2.25%
    Red Bluff, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,978 2.50%
    BOISE CITY, ID (FHA|USDA|VA) 1 $135,000 $135,000 $3,376 3.00%
    Sedalia, MO (FHA|USDA|VA) 1 $135,000 $135,000 $4,318 3.25%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $125,000 $125,000 $4,479 3.63%
    Portales, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,156 3.38%
    Del Rio, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,885 2.25%
    Alamogordo, NM (FHA|USDA|VA) 1 $115,000 $115,000 $1,885 2.25%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $498 2.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $105,000 $105,000 $5,224 3.63%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,802 2.88%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,919 2.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $2,316 2.99%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,454 2.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $85,000 $85,000 $1,647 2.25%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,868 2.38%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $75,000 $75,000 $3,374 3.88%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,364 2.50%
    TULSA, OK (FHA|USDA|VA) 1 $65,000 $65,000 $2,527 2.62%

    Armed Forces Bank's top markets include Colorado Springs, Kansas City, Phoenix, Las Vegas, and Seattle among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against Armed Forces Bank 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
    VA 444 $143,380,000 $322,928 $5,151 2.46%
    Conventional 299 $77,945,000 $260,686 $3,586 3.06%
    FHA 15 $3,345,000 $223,000 $7,473 2.94%
    USDA 1 $215,000 $215,000 $4,527 3.13%

    For 2021, Armed Forces Bank's most frequently originated type of loan was VA, with 444 originations. Their 2nd most popular type was Conventional, with 299 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 450 $119,640,000 $265,867 $3,324 2.60%
    Home Purchase 309 $105,245,000 $340,599 $6,408 2.86%

    For 2021, Armed Forces Bank's most frequently cited loan purpose was Refi, with 450 originations. The 2nd most popular reason was Home Purchase, with 309 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 663 $204,345,000 $308,213 $4,843 2.74%
    15 Year 59 $12,715,000 $215,508 $2,840 2.48%
    20 Year 20 $4,560,000 $228,000 $2,987 2.66%
    Other 11 $2,635,000 $239,545 $1,947 2.44%
    10 Year 6 $630,000 $105,000 $2,699 2.17%

    For 2021, Armed Forces Bank's most frequently cited loan duration was 30 Year, with 663 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 369 $110,425,000 $299,255
    $<1k 267 $74,965,000 $280,768
    $2k-3k 61 $17,315,000 $283,852
    $3k-4k 28 $7,570,000 $270,357
    $4k-5k 18 $6,300,000 $350,000
    $5k+ 16 $8,310,000 $519,375

    Armed Forces Bank's average total fees were $4,843, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 369 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 352 $106,500,000 $302,557
    2.5-3% 251 $75,965,000 $302,649
    3-4% 143 $40,445,000 $282,832
    4-5% 13 $1,975,000 $151,923

    During 2021, Armed Forces Bank's average interest rate for loans was 2.74%, while their most frequently originated rate bucket for loans was <2.5%, with 352 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 346 $100,020,000 $289,075 $4,676 2.66%
    $100k-200k 203 $30,235,000 $148,941 $3,044 2.76%
    $400k-600k 121 $58,145,000 $480,537 $6,045 2.66%
    $100,000 or less 47 $3,625,000 $77,128 $2,801 2.96%
    $600k-1MM 37 $26,715,000 $722,027 $7,890 2.68%
    $1MM+ 5 $6,145,000 $1,229,000 $16,960 2.90%

    2021 saw Armed Forces Bank place emphasis on $200k-400k loans with 346 originations, totaling $100,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 171 $57,625,000 $336,988 $5,919 2.86%
    $50k-75k 113 $25,615,000 $226,681 $4,906 2.83%
    $75k-100k 103 $29,365,000 $285,097 $5,768 2.76%
    $150k-250k 95 $37,755,000 $397,421 $5,249 2.92%
    $50k or less 51 $7,905,000 $155,000 $3,387 2.91%
    $250k+ 22 $12,240,000 $556,364 $3,426 2.76%

    Armed Forces Bank lent most frequently to those with incomes in the $100k-150k range, with 171 originations. The second most popular income band? $50k-75k, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $35,650,000 $282,937 $4,653 2.80%
    30-36% 86 $25,480,000 $296,279 $4,695 2.83%
    50-60% 40 $16,290,000 $407,250 $8,644 2.69%
    <20% 36 $7,670,000 $213,056 $3,254 2.66%
    38% 25 $7,995,000 $319,800 $4,428 2.93%
    41% 24 $9,100,000 $379,167 $5,669 2.83%
    42% 23 $7,675,000 $333,696 $4,894 2.83%
    39% 22 $7,640,000 $347,273 $4,978 2.86%
    40% 21 $6,375,000 $303,571 $4,754 3.02%
    43% 21 $5,615,000 $267,381 $5,944 3.00%
    44% 21 $6,725,000 $320,238 $6,681 2.98%
    36% 20 $4,060,000 $203,000 $4,241 2.96%
    49% 19 $5,555,000 $292,368 $6,865 2.93%
    45% 19 $5,255,000 $276,579 $6,026 2.97%
    47% 18 $5,600,000 $311,111 $4,998 2.79%
    48% 17 $7,545,000 $443,824 $6,029 2.78%
    46% 12 $3,080,000 $256,667 $4,999 2.92%
    37% 9 $3,685,000 $409,444 $5,098 2.96%
    >60% 1 $415,000 $415,000 $10,511 3.63%

    Armed Forces Bank lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 455 $134,825,000 $296,319 $4,555 2.72%
    Not provided 168 $53,430,000 $318,036 $4,526 2.72%
    Black 91 $22,645,000 $248,846 $4,273 2.65%
    Asian 36 $11,080,000 $307,778 $5,545 2.70%
    Native Hawaiian or Islander 4 $1,330,000 $332,500 $10,039 2.47%
    American Indian 3 $695,000 $231,667 $2,056 2.54%
    Japanese 1 $615,000 $615,000 $3,019 2.38%
    Korean 1 $265,000 $265,000 $4,950 2.88%

    Approval Rates

    Total approvals of all applications
    92.20%

    Armed Forces Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.85%

    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 759 $224,885,000 $296,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    759 $224,885,000 $296,291

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $7,585,000 $185,000 $2,754 2.70%
    40-60% 102 $25,410,000 $249,118 $3,162 2.68%
    60-80% 172 $46,420,000 $269,884 $3,730 2.91%
    80-100% 354 $115,140,000 $325,254 $4,302 2.67%
    Over 100% 66 $24,210,000 $366,818 $12,201 2.55%
    Under 20% 5 $665,000 $133,000 $3,952 2.60%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Armed Forces Bank, National Association 37 Goldstone Road, Building 37 Fort Irwin, CA 92310 Full Service B&M $9,677
    Armed Forces Bank, National Association 131 Gold Vault Road Fort Knox, KY 40121 Full Service B&M $71,945
    Armed Forces Bank, National Association 13877 W Thunderbird St Glendale, AZ 85307 Full Service B&M $33,382
    Armed Forces Bank, National Association 1617 Pleasonton Rd Ste G-109 El Paso, TX 79906 Full Service B&M $42,640
    Armed Forces Bank, National Association 2260 Callagan Highway, Building 3187a, Suite 1 San Diego, CA 92136 Full Service B&M $0
    Armed Forces Bank, National Association 2260 Callagan Hwy Suite 1 San Diego, CA 92136 Full Service Retail $10,507
    Armed Forces Bank, National Association 26 Farragut Avenue Great Lakes, IL 60088 Full Service B&M $28,614
    Armed Forces Bank, National Association 2901 South 4th Street Leavenworth, KS 66048 Full Service B&M $39,591
    Armed Forces Bank, National Association 320 Kansas Avenue Fort Leavenworth, KS 66027 Full Service B&M $349,396
    Armed Forces Bank, National Association 3238 Guadal Canal Road San Diego, CA 92155 Full Service Retail $510
    Armed Forces Bank, National Association 350 Hickman Avenue Travis Afb, CA 94535 Full Service B&M $13,284
    Armed Forces Bank, National Association 3542 Green Bay Road Great Lakes, IL 60088 Full Service Retail $3,059
    Armed Forces Bank, National Association 10730 Enduring Freedom Dr Fort Drum, NY 13602 Full Service B&M $466
    Armed Forces Bank, National Association 108 Mcnair Road, Building 451 Fort Myer, VA 22211 Full Service B&M $49,231
    Armed Forces Bank, National Association Community Center Drive, Bldg 5122 U S A F Academy, CO 80840 Full Service B&M $5,944
    Armed Forces Bank, National Association Nex Building 2017 San Diego, CA 92135 Full Service Retail $2,137
    Armed Forces Bank, National Association Pendleton Avenue & North 12th Street Fort Lewis, WA 98433 Full Service B&M $59,450
    Armed Forces Bank, National Association 429 W. 18th Street Junction City, KS 66441 Full Service B&M $4,856
    Armed Forces Bank, National Association 4325 North Washington Boulevard Nellis Air Force Base, NV 89110 Full Service B&M $75,766
    Armed Forces Bank, National Association 484 Nebraska Avenue Fort Leonard Wood, MO 65473 Full Service B&M $47,053
    Armed Forces Bank, National Association 52035 Arizona Street Fort Huachuca, AZ 85670 Full Service B&M $51,184
    Armed Forces Bank, National Association 540 Cluverius Avenue, Building 400 Great Lakes, IL 60088 Full Service Retail $624
    Armed Forces Bank, National Association 550 Barnes Boulevard Mcchord Afb, WA 98438 Full Service B&M $47,195
    Armed Forces Bank, National Association 6384 Wetzel Avenue, Building 1512 Fort Carson, CO 80913 Full Service B&M $61,099
    Armed Forces Bank, National Association Building 3301 Surface Navy Blvd San Diego, CA 92136 Full Service Retail $1,767
    Armed Forces Bank, National Association Building 5303, Ashby Avenue Fort Riley, KS 66442 Full Service B&M $24,888
    Armed Forces Bank, National Association Coleman And Linstrom Streets Fort Carson, CO 80913 Limited, Drive-thru $0

    For 2021, Armed Forces Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,753
    Net interest income $30,753
    Total noninterest income $48,272
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $17,344
    Trading account gains and fees $0
    Additional Noninterest Income $30,928
    Pre-tax net operating income $21,405
    Securities gains (or losses, -) $-156
    Income before extraordinary items $16,325
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,325
    Minority interest net income $0
    Net income $16,325
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,448

    Armed Forces Bank's gross interest income from loans was $31,753,000.
    Armed Forces Bank's net interest income from loans was $30,753,000.
    Armed Forces Bank's fee based income from loans was $17,344,000.
    Armed Forces Bank's net income from loans was $16,325,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,000
    Provision for credit losses $-1,300
    Total noninterest expense $58,920
    Salaries and employee benefits $24,063
    Premises and equipment expense $8,537
    Additional noninterest expense $26,320
    Applicable income taxes $4,924
    Net charge-offs $1,624
    Cash dividends $10,000

    Armed Forces Bank's interest expense for loans was $1,000,000.
    Armed Forces Bank's payroll and benefits expense were $24,063,000.
    Armed Forces Bank's property, plant and equipment expenses $8,537,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,029,128
    Deposits held in domestic offices $1,029,128
    Deposits by Individuals, partnerships, and corporations $1,021,106
    Deposits by U.S. Government $1,947
    Deposits by States and political subdivisions in the U.S. $6,075
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $616,745
    Demand deposits $616,745
    Nontransaction accounts $412,383
    Money market deposit accounts (MMDAs) $144,734
    Other savings deposits (excluding MMDAs) $196,501
    Total time deposits $71,148
    Total time and savings deposits $412,383
    Noninterest-bearing deposits $337,459
    Interest-bearing deposits $691,669
    Retail deposits $1,021,807
    IRAs and Keogh plan accounts $11,024
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,230,840
    Cash & Balances due from depository institutions $126,860
    Interest-bearing balances $107,979
    Total securities $458,831
    Federal funds sold & reverse repurchase $0
    Net loans and leases $603,168
    Loan and leases loss allowance $11,389
    Trading account assets $0
    Bank premises and fixed assets $8,277
    Other real estate owned $250
    Goodwill and other intangibles $15,112
    All other assets $18,342

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,230,840
    Total Liabilities $1,044,831
    Total deposits $1,029,128
    Interest-bearing deposits $691,669
    Deposits held in domestic offices $1,029,128
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $15,703

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $603,168
    Loan and leases loss allowance $11,389
    Total loans and leases (domestic) $614,557
    All real estate loans $434,765
    Real estate loans in domestic offices $434,765
    Construction and development loans $15,700
    Residential 1-4 family construction $208
    Other construction, all land development and other land $15,492
    Loans secured by nonfarm nonresidential properties $295,757
    Nonfarm nonresidential secured by owner-occupied properties $4,708
    Commercial real estate & other non-farm, non-residential $291,049
    Multifamily residential real estate $19,153
    1-4 family residential loans $104,155
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $131,629
    To non-U.S. addressees $0
    Loans to individuals $23,182
    Credit card loans $1,766
    Related Plans $74
    Consumer Auto Loans $411
    Other loans to individuals $20,931
    All other loans & leases $24,982
    Loans to foreign governments and official institutions $0
    Other loans $3,411
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,812
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $23
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Armed Forces Bank had $603,168,000 of loans outstanding in 2021. $434,765,000 of loans were in real estate loans. $15,700,000 of loans were in development loans. $19,153,000 of loans were in multifamily mortgage loans. $104,155,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,766,000 of loans were in credit card loans. $411,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 7 $176 $25,143
    Nonfarm, nonresidential loans - <$100k 5 $40 $8,000
    Nonfarm, nonresidential loans - $100-250k 1 $133 $133,000
    Nonfarm, nonresidential loans - $250k-1MM 1 $3 $3,000
    Commercial & Industrial, US addressed loans - <$1MM 21 $619 $29,476
    Commercial & Industrial, US addressed loans - <$100k 13 $178 $13,692
    Commercial & Industrial, US addressed loans - $100-250k 7 $140 $20,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $301 $301,000