Assemblies Of God Credit Union Mortgage Rates, Fees & Info

Springfield, MO

LEI: 5493007OXXFLNNHTW637

Tax ID: 44-0599527

5 stars - Updated: 5/14/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Assemblies Of God Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Assemblies Of God Credit Union 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: Springfield, Kansas City, Branson, St. Joseph, and Maryville among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

Assemblies Of God Credit Union 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. Assemblies Of God Credit Union 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 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.

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 6.72% 5/14/24
30 Year Conventional Refi 6.76% 5/14/24
30 Year Cash-out Refi 6.66% 5/14/24
30 Year FHA Purchase 7.99% 5/14/24
30 Year VA Purchase 6.11% 5/14/24
30 Year USDA Purchase 6.54% 5/14/24
15 Year Conventional Purchase 6.13% 5/14/24
15 Year Conventional Refi 6.50% 5/14/24
15 Year Cash-out Refi 6.50% 5/14/24
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.

Assemblies Of God Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Assemblies Of God Credit Union. 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

421

Origination Dollar Volume (All Markets)

$107,525,000
Show all (10) awards

Relative Rate

Assemblies Of God Credit Union's average 30 year fixed mortgage rate was 6.38%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.1%.

Relative Fees (Closing Costs)

Assemblies Of God Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,329.

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
SPRINGFIELD, MO (FHA|USDA|VA) 263 $60,355,000 $229,487 $3,150 6.45%
Outside of Metro Areas 44 $21,250,000 $482,955 $2,805 5.96%
KANSAS CITY, MO-KS (FHA|USDA|VA) 21 $4,215,000 $200,714 $2,322 6.44%
Branson, MO (FHA|USDA|VA) 5 $2,705,000 $541,000 $4,263 6.62%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 19 $2,135,000 $112,368 $1,990 6.56%
Maryville, MO (FHA|USDA|VA) 9 $1,795,000 $199,444 $3,140 6.66%
JOPLIN, MO (FHA|USDA|VA) 8 $1,370,000 $171,250 $3,073 6.06%
BOISE CITY, ID (FHA|USDA|VA) 2 $1,360,000 $680,000 $5,485 6.37%
WICHITA, KS (FHA|USDA|VA) 6 $1,000,000 $166,667 $2,195 6.35%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $905,000 $905,000 $9,988 7.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $695,000 $695,000 $4,597 6.99%
Sevierville, TN (FHA|USDA|VA) 1 $675,000 $675,000 $4,819 7.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $660,000 $330,000 $5,493 6.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $590,000 $295,000 $2,668 5.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,477 5.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $450,000 $112,500 $2,113 6.34%
Pella, IA (FHA|USDA|VA) 1 $445,000 $445,000 $13,470 5.99%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $445,000 $445,000 $3,164 6.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $3,398 5.13%
BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $2,321 6.99%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $405,000 $405,000 $2,560 7.00%
Laurinburg, NC (FHA|USDA|VA) 1 $355,000 $355,000 $10,475 5.25%
ROANOKE, VA (FHA|USDA|VA) 1 $345,000 $345,000 $11,882 7.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $290,000 $145,000 $2,285 7.25%
MANHATTAN, KS (FHA|USDA|VA) 3 $285,000 $95,000 $1,391 6.38%
West Plains, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,325 6.63%
Adrian, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,934 6.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,934 7.62%
Hobbs, NM (FHA|USDA|VA) 1 $265,000 $265,000 $4,652 6.12%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,694 7.88%
FARMINGTON, NM (FHA|USDA|VA) 1 $255,000 $255,000 $3,295 6.62%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $245,000 $245,000 $3,048 6.38%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $205,000 $205,000 $2,730 5.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,981 6.49%
TULSA, OK (FHA|USDA|VA) 1 $185,000 $185,000 $4,415 7.25%
COLUMBIA, MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,005 6.99%
Harrison, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,909 7.62%
ERIE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,243 6.50%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,223 8.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,988 7.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $105,000 $105,000 $2,203 6.13%
Lebanon, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,035 5.99%
Coffeyville, KS (FHA|USDA|VA) 1 $65,000 $65,000 $3,320 6.75%
Warrensburg, MO (FHA|USDA|VA) 1 $35,000 $35,000 $732 7.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,495 8.50%
Assemblies Of God Credit Union's top markets include Springfield, Kansas City, Branson, St. Joseph, and Maryville among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ASSEMBLIES OF GOD Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BLUCURRENT
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 392 $99,850,000 $254,719 $2,795 6.42%
    FHA 15 $3,775,000 $251,667 $7,887 6.76%
    VA 10 $3,290,000 $329,000 $6,650 6.27%
    USDA 4 $610,000 $152,500 $3,995 6.34%

    For 2023, Assemblies Of God Credit Union's most frequently originated type of loan was Conventional, with 392 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 301 $74,055,000 $246,030 $3,495 6.43%
    Refi 107 $30,165,000 $281,916 $1,929 6.34%
    Cash Out Refi 13 $3,305,000 $254,231 $2,772 6.96%

    For 2023, Assemblies Of God Credit Union's most frequently cited loan purpose was Home Purchase, with 301 originations. The 2nd most popular reason was Refi, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 374 $103,190,000 $275,909 $3,329 6.38%
    15 Year 45 $3,305,000 $73,444 $859 6.83%
    10 Year 1 $125,000 $125,000 $1,590 6.00%
    1 Year 1 $905,000 $905,000 $9,988 7.00%

    For 2023, Assemblies Of God Credit Union's most frequently cited loan duration was 30 Year, with 374 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 302 $78,260,000 $259,139
    $1k-2k 80 $17,250,000 $215,625
    $5k+ 12 $3,690,000 $307,500
    $2k-3k 11 $2,745,000 $249,545
    $4k-5k 9 $3,885,000 $431,667
    $3k-4k 5 $1,185,000 $237,000

    Assemblies Of God Credit Union's average total fees were $3,329, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 302 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 191 $44,915,000 $235,157
    5-6% 112 $30,680,000 $273,929
    7-8% 78 $13,550,000 $173,718
    4-5% 34 $16,730,000 $492,059
    Over 8% 5 $1,435,000 $287,000
    3-4% 1 $215,000 $215,000

    During 2023, Assemblies Of God Credit Union's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 159 $42,415,000 $266,761 $3,639 6.38%
    $100k-200k 133 $20,785,000 $156,278 $2,794 6.49%
    $100,000 or less 71 $4,145,000 $58,380 $1,188 6.78%
    $400k-600k 28 $12,700,000 $453,571 $4,251 6.30%
    $600k-1MM 21 $17,305,000 $824,048 $4,313 5.56%
    $1MM+ 9 $10,175,000 $1,130,556 $6,368 5.97%

    2023 saw Assemblies Of God Credit Union place emphasis on $200k-400k loans with 159 originations, totaling $42,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 81 $17,215,000 $212,531 $2,856 6.56%
    $50k-75k 80 $14,480,000 $181,000 $2,898 6.55%
    $150k-250k 78 $28,060,000 $359,744 $3,525 6.38%
    $100k-150k 74 $17,340,000 $234,324 $3,261 6.58%
    $250k+ 63 $24,415,000 $387,540 $3,276 5.99%
    $50k or less 45 $6,015,000 $133,667 $2,505 6.43%

    Assemblies Of God Credit Union lent most frequently to those with incomes in the $75k-100k range, with 81 originations. The second most popular income band? $50k-75k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $18,425,000 $227,469 $2,624 6.48%
    <20% 79 $13,495,000 $170,823 $2,752 6.18%
    30-36% 63 $15,305,000 $242,937 $2,894 6.43%
    50-60% 22 $7,750,000 $352,273 $4,697 6.50%
    39% 22 $5,120,000 $232,727 $2,806 6.45%
    41% 17 $3,615,000 $212,647 $2,758 6.37%
    44% 15 $6,405,000 $427,000 $3,123 6.50%
    47% 13 $4,685,000 $360,385 $3,736 6.60%
    46% 13 $4,195,000 $322,692 $3,427 6.47%
    43% 13 $3,635,000 $279,615 $4,245 6.92%
    48% 13 $5,475,000 $421,154 $3,523 6.75%
    38% 12 $3,000,000 $250,000 $3,296 6.37%
    42% 11 $2,795,000 $254,091 $3,461 6.50%
    37% 11 $2,675,000 $243,182 $2,950 6.44%
    40% 11 $4,125,000 $375,000 $3,505 6.42%
    45% 11 $3,285,000 $298,636 $3,511 6.59%
    49% 8 $2,050,000 $256,250 $2,560 6.36%
    36% 3 $715,000 $238,333 $2,128 5.58%
    >60% 2 $420,000 $210,000 $4,726 7.25%

    Assemblies Of God Credit Union lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? <20%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 398 $102,370,000 $257,211 $3,054 6.43%
    Asian 11 $2,395,000 $217,727 $2,802 6.26%
    Black 5 $1,555,000 $311,000 $5,025 6.79%
    American Indian 4 $650,000 $162,500 $4,424 6.50%
    Native Hawaiian or Islander 2 $340,000 $170,000 $3,267 6.12%
    Not provided 1 $215,000 $215,000 $2,791 6.75%

    Approval Rates

    Total approvals of all applications
    98.55%

    Assemblies Of God Credit Union 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
    86.94%

    Assemblies Of God Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 421 $107,525,000 $255,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    421 $107,525,000 $255,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,125,000 $101,190 $1,625 6.72%
    40-60% 28 $4,820,000 $172,143 $2,483 6.59%
    60-80% 142 $47,050,000 $331,338 $3,112 6.41%
    80-100% 195 $51,865,000 $265,974 $3,728 6.33%
    Over 100% 1 $195,000 $195,000 $7,034 4.99%
    Under 20% 34 $1,470,000 $43,235 $406 6.80%