Armed Forces Bank Mortgage Rates, Fees & Info
Kansas City, MOLEI: 5493007CLWQN2S6IZK91
Tax ID: 48-0124710
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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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Virginia Beach, Kansas City, Washington, and Colorado Springs among others. We have data for 209 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 a high 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 relatively high 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 | 6.52% | 11/17/24 |
| 30 Year Conventional Refi | 6.30% | 11/17/24 |
| 30 Year Cash-out Refi | 6.54% | 11/17/24 |
| 30 Year FHA Purchase | 6.96% | 11/17/24 |
| 30 Year FHA Refi | 6.40% | 11/17/24 |
| 30 Year VA Purchase | 5.69% | 11/17/24 |
| 30 Year VA Refi | 5.43% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.04% | 11/17/24 |
| 15 Year Conventional Refi | 5.75% | 11/17/24 |
| 15 Year Cash-out Refi | 5.75% | 11/17/24 |
| 15 Year VA Purchase | 5.67% | 11/17/24 |
| 15 Year VA Refi | 5.68% | 11/17/24 |
| 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. | ||
Armed Forces Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
917Origination Dollar Volume (All Markets)
$361,855,000Awards
Armed Forces Bank - 2023
Armed Forces Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Armed Forces Bank's average 30 year fixed mortgage rate was
6.34%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
Armed Forces Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,483.
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 $9,089.
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) | 47 | $24,465,000 | $520,532 | $8,113 | 6.61% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 44 | $15,640,000 | $355,455 | $9,376 | 6.53% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 57 | $15,305,000 | $268,509 | $5,806 | 6.54% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $13,600,000 | $618,182 | $11,006 | 6.35% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 25 | $12,925,000 | $517,000 | $8,712 | 5.95% |
| Outside of Metro Areas | 35 | $10,925,000 | $312,143 | $6,925 | 6.68% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 25 | $10,745,000 | $429,800 | $10,097 | 6.35% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 29 | $10,305,000 | $355,345 | $11,572 | 5.80% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 29 | $8,875,000 | $306,034 | $8,741 | 6.16% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $6,790,000 | $679,000 | $11,752 | 6.01% |
| MANHATTAN, KS (FHA|USDA|VA) | 26 | $6,770,000 | $260,385 | $5,399 | 6.60% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 21 | $6,675,000 | $317,857 | $6,402 | 6.67% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $6,665,000 | $444,333 | $12,781 | 6.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $6,445,000 | $716,111 | $14,991 | 6.53% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $6,440,000 | $460,000 | $12,755 | 6.35% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $5,795,000 | $526,818 | $13,324 | 6.11% |
| Del Rio, TX (FHA|USDA|VA) | 20 | $5,560,000 | $278,000 | $8,945 | 6.51% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $5,345,000 | $593,889 | $13,604 | 6.15% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 12 | $5,150,000 | $429,167 | $7,724 | 6.17% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 15 | $5,075,000 | $338,333 | $12,203 | 6.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $4,895,000 | $543,889 | $11,800 | 6.24% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $4,890,000 | $611,250 | $10,178 | 6.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $3,640,000 | $455,000 | $9,378 | 6.70% |
| Enterprise, AL (FHA|USDA|VA) | 11 | $3,455,000 | $314,091 | $10,470 | 6.27% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 8 | $3,410,000 | $426,250 | $7,245 | 5.98% |
| Alamogordo, NM (FHA|USDA|VA) | 14 | $3,400,000 | $242,857 | $7,682 | 6.85% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $3,325,000 | $475,000 | $10,568 | 6.21% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $3,275,000 | $655,000 | $8,191 | 6.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 11 | $3,255,000 | $295,909 | $7,926 | 6.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $2,690,000 | $672,500 | $21,554 | 5.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,620,000 | $655,000 | $23,535 | 6.09% |
| Clovis, NM (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $8,026 | 5.61% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $2,405,000 | $481,000 | $9,276 | 6.15% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $2,365,000 | $473,000 | $11,370 | 6.18% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $24,050 | 6.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $2,340,000 | $585,000 | $8,770 | 6.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $9,393 | 6.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $2,215,000 | $443,000 | $9,373 | 6.38% |
| Brainerd, MN (FHA|USDA|VA) | 5 | $2,115,000 | $423,000 | $4,178 | 6.53% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $8,698 | 6.33% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $2,065,000 | $295,000 | $8,167 | 6.64% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $2,010,000 | $502,500 | $12,021 | 6.13% |
| ANCHORAGE, AK (FHA|USDA|VA) | 5 | $1,965,000 | $393,000 | $6,825 | 6.35% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $14,157 | 5.78% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $8,470 | 6.23% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $14,165 | 6.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $1,850,000 | $462,500 | $9,839 | 6.59% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $1,835,000 | $611,667 | $13,762 | 6.42% |
| WICHITA, KS (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $10,442 | 6.28% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $11,580 | 6.00% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $6,578 | 6.17% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $7,697 | 6.70% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $9,553 | 6.16% |
| Altus, OK (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $8,332 | 6.94% |
| EL PASO, TX (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $9,607 | 6.23% |
| OCALA, FL (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $34,922 | 6.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $6,499 | 6.96% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $29,738 | 7.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $12,238 | 6.66% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $12,790 | 6.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $6,546 | 7.17% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $13,932 | 6.00% |
| Outside of Metro Areas | 1 | $1,275,000 | $1,275,000 | $39,167 | 6.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $7,389 | 6.10% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $10,423 | 5.79% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $6,492 | 6.46% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $8,714 | 5.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $42,401 | 6.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $15,005 | 6.81% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $7,726 | 6.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $8,971 | 6.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $9,257 | 5.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $6,098 | 6.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $14,126 | 6.25% |
| TULSA, OK (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $8,030 | 7.25% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $25,624 | 5.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $12,545 | 6.46% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $8,745 | 6.54% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,591 | 8.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $9,900 | 5.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $13,965 | 6.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $8,459 | 6.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $9,253 | 6.44% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,615 | 6.31% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $16,175 | 6.31% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $8,160 | 5.83% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $6,259 | 7.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $9,174 | 6.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $18,514 | 6.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $11,153 | 5.69% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,382 | 7.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,913 | 6.81% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $12,906 | 5.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $10,618 | 6.75% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $6,079 | 6.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $11,175 | 7.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $30,053 | 5.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,433 | 7.88% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,972 | 6.88% |
| ENID, OK (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,371 | 6.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $12,784 | 6.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,761 | 5.71% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $8,770 | 5.94% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,657 | 5.75% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $7,821 | 6.19% |
| DOVER, DE (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,702 | 5.75% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $9,730 | 6.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,675 | 6.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,591 | 6.25% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,788 | 6.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $21,146 | 6.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,283 | 6.63% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $10,232 | 6.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $8,565 | 5.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,508 | 5.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,685 | 7.25% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $24,005 | 5.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,460 | 5.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,608 | 5.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $11,608 | 6.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,675 | 7.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $9,832 | 5.69% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $24,587 | 6.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $20,746 | 6.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,980 | 5.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,273 | 6.44% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $17,966 | 5.63% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,178 | 7.00% |
| Atchison, KS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,221 | 7.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $10,760 | 6.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,524 | 6.13% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $19,998 | 5.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $25,892 | 6.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,147 | 5.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,164 | 5.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,520 | 7.63% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,392 | 5.25% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,448 | 5.25% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,822 | 7.13% |
| Rolla, MO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,023 | 7.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,973 | 7.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,648 | 6.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,641 | 6.13% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,981 | 5.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,947 | 5.75% |
| Kinston, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,099 | 5.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,549 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,792 | 6.94% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,613 | 5.75% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,947 | 6.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,472 | 5.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,276 | 5.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,719 | 5.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,712 | 5.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,299 | 6.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,927 | 7.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,726 | 6.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,451 | 5.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,441 | 6.13% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,467 | 5.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,697 | 5.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,207 | 6.50% |
| Columbus, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,023 | 6.25% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,235 | 6.88% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,059 | 6.25% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,944 | 5.75% |
| McPherson, KS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,169 | 6.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,310 | 6.63% |
| Athens, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,613 | 6.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,354 | 6.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,272 | 6.50% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,453 | 6.50% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,463 | 6.50% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,795 | 5.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,741 | 5.75% |
| Marquette, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,185 | 7.13% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,771 | 5.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,109 | 7.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,427 | 5.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,941 | 6.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,556 | 8.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,155 | 6.50% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,669 | 7.50% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,500 | 6.25% |
| Minot, ND (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,173 | 5.75% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,245 | 5.75% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,292 | 6.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,121 | 6.13% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,499 | 7.38% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.13% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,673 | 6.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,026 | 6.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,714 | 6.63% |
| Ozark, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,128 | 5.75% |
| Holland, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,628 | 6.63% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,140 | 6.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,539 | 6.25% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,374 | 7.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,936 | 7.13% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,677 | 5.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,984 | 7.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,356 | 6.63% |
| MONROE, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,470 | 7.13% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,411 | 6.88% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,037 | 7.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,516 | 6.50% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,579 | 6.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,765 | 7.13% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,495 | 6.88% |
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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
For 2023, Armed Forces Bank's most frequently originated type of loan was VA, with 582 originations. Their 2nd most popular type was Conventional, with 277 originations.
Loan Reason
For 2023, Armed Forces Bank's most frequently cited loan purpose was Home Purchase, with 848 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.
Loan Duration/Length
For 2023, Armed Forces Bank's most frequently cited loan duration was 30 Year, with 912 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Armed Forces Bank's average total fees were $9,483, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 353 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 428 | $162,910,000 | $380,631 |
| 5-6% | 314 | $134,330,000 | $427,803 |
| 7-8% | 151 | $55,585,000 | $368,113 |
| 4-5% | 18 | $7,000,000 | $388,889 |
| Over 8% | 6 | $2,030,000 | $338,333 |
During 2023, Armed Forces Bank's average interest rate for loans was 6.34%, while their most frequently originated rate bucket for loans was 6-7%, with 428 originations.
Loan Sizing
2023 saw Armed Forces Bank place emphasis on $200k-400k loans with 456 originations, totaling $137,170,000 in origination value.
Applicant Income
Armed Forces Bank lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $75k-100k, with 188 originations.
Applicant Debt to Income Ratio
Armed Forces Bank lent most frequently to those with DTI ratios of 50-60%, with 179 originations. The next most common DTI ratio? 30-36%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.60%
Armed Forces Bank has an average approval rate.
Pick Rate
Approvals leading to origination51.91%
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 | 917 | $361,855,000 | $394,607 |