Assemblies Of God Credit Union Mortgage Rates, Fees & Info
Springfield, MOLEI: 5493007OXXFLNNHTW637
Tax ID: 44-0599527
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Assemblies Of God Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Assemblies Of God Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Springfield, Dallas, Chicago, Branson, and Oklahoma City among others. Assemblies Of God Credit Union has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Assemblies Of God Credit Union is typically a low fee lendor.Originations
859Origination Dollar Volume (All Markets)
$177,325,000Awards
ASSEMBLIES OF GOD Credit Union - 2021
ASSEMBLIES OF GOD Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Assemblies Of God Credit Union's average 30 year fixed rate mortgage of loans were
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.02%.
Relative Fees
Assemblies Of God Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,540.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 640 | $128,230,000 | $200,359 | $2,237 | 3.05% |
| Outside of Metro Areas | 48 | $7,450,000 | $155,208 | $2,261 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $5,705,000 | $248,043 | $3,308 | 2.90% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $3,240,000 | $324,000 | $3,903 | 3.47% |
| Branson, MO (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $2,232 | 2.86% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $4,347 | 2.69% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 11 | $2,065,000 | $187,727 | $2,299 | 3.60% |
| Maryville, MO (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $2,329 | 2.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $2,089 | 2.91% |
| JOPLIN, MO (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $2,239 | 3.09% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $2,854 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $2,663 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,592 | 2.87% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,511 | 2.96% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,755 | 2.81% |
| WICHITA, KS (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $1,978 | 2.82% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,429 | 2.94% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,332 | 3.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,244 | 2.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,715 | 3.00% |
| Lebanon, MO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,305 | 3.04% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,402 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,113 | 2.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,271 | 2.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,879 | 2.99% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,780 | 2.87% |
| ERIE, PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,796 | 3.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,804 | 2.63% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,562 | 3.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,835 | 2.88% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,760 | 3.00% |
| FAIRBANKS, AK (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,179 | 2.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,921 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,805 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,327 | 2.63% |
| Montrose, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,651 | 2.99% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,164 | 2.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,713 | 3.13% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,265 | 2.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,987 | 2.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,934 | 2.75% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,826 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,474 | 2.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,468 | 2.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,918 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,586 | 2.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,628 | 2.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,186 | 3.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,422 | 2.75% |
| Oxford, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,467 | 2.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,198 | 3.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,166 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,753 | 2.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,802 | 2.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,495 | 2.99% |
| Garden City, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,648 | 2.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,102 | 3.13% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,535 | 2.38% |
| Altus, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,449 | 2.88% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,951 | 2.50% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,463 | 2.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,951 | 3.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,500 | 2.25% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,636 | 2.13% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,432 | 2.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,460 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,541 | 2.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,189 | 2.63% |
| Jasper, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,289 | 3.25% |
Assemblies Of God Credit Union's top markets include Springfield, Dallas, Chicago, Branson, and Oklahoma City among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 811 | $166,815,000 | $205,691 | $2,266 | 3.07% |
| VA | 26 | $6,620,000 | $254,615 | $4,228 | 2.45% |
| USDA | 22 | $3,890,000 | $176,818 | $3,928 | 2.88% |
For the 2021 period, Assemblies Of God Credit Union's most frequently originated loan type of loans were Conventional, with 811 originations. Their 2nd most popular type is VA, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 412 | $81,320,000 | $197,379 | $2,102 | 2.93% |
| Home Purchase | 392 | $85,220,000 | $217,398 | $2,722 | 3.14% |
| Cash Out Refi | 55 | $10,785,000 | $196,091 | $1,857 | 3.21% |
For the 2021, Assemblies Of God Credit Union's most frequently cited loan purpose of loans were Refi, with 412 originations. The 2nd most popular reason of loans were Home Purchase, with 392 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 664 | $145,030,000 | $218,419 | $2,540 | 3.13% |
| 15 Year | 128 | $19,620,000 | $153,281 | $1,716 | 2.80% |
| 20 Year | 44 | $8,250,000 | $187,500 | $1,921 | 2.78% |
| 10 Year | 13 | $2,525,000 | $194,231 | $2,009 | 2.32% |
| Other | 10 | $1,900,000 | $190,000 | $1,877 | 2.79% |
For the 2021, Assemblies Of God Credit Union's most frequently cited loan length of loans were 30 Year, with 664 originations. The 2nd most popular length of loans were 15 Year, with 128 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 769 | $155,985,000 | $202,841 |
| $1k-2k | 69 | $15,275,000 | $221,377 |
| $3k-4k | 12 | $2,870,000 | $239,167 |
| $2k-3k | 6 | $2,060,000 | $343,333 |
| $5k+ | 3 | $1,135,000 | $378,333 |
$2,540 of loans were Assemblies Of God Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 769 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 428 | $94,740,000 | $221,355 |
| 3-4% | 283 | $53,455,000 | $188,887 |
| <2.5% | 117 | $24,805,000 | $212,009 |
| 4-5% | 26 | $3,810,000 | $146,538 |
| 5-6% | 4 | $470,000 | $117,500 |
| 6-7% | 1 | $45,000 | $45,000 |
During 2021, Assemblies Of God Credit Union's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 428 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 400 | $60,540,000 | $151,350 | $2,236 | 3.08% |
| $200k-400k | 284 | $77,070,000 | $271,373 | $2,642 | 2.92% |
| $100,000 or less | 114 | $8,270,000 | $72,544 | $1,540 | 3.27% |
| $400k-600k | 52 | $24,370,000 | $468,654 | $3,320 | 2.96% |
| $600k-1MM | 7 | $5,055,000 | $722,143 | $4,614 | 2.77% |
| $1MM+ | 2 | $2,020,000 | $1,010,000 | $4,195 | 3.06% |
2021 saw Assemblies Of God Credit Union place emphasis on $100k-200k loans with 400 originations, totaling $60,540,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 223 | $39,905,000 | $178,946 | $2,442 | 3.02% |
| $50k or less | 169 | $23,855,000 | $141,154 | $2,147 | 3.07% |
| $75k-100k | 168 | $33,190,000 | $197,560 | $2,341 | 3.01% |
| $100k-150k | 149 | $36,425,000 | $244,463 | $2,378 | 3.01% |
| $150k-250k | 85 | $26,395,000 | $310,529 | $2,726 | 3.08% |
| $250k+ | 65 | $17,555,000 | $270,077 | $2,266 | 3.17% |
Assemblies Of God Credit Union lent most frequently to those with incomes in the $50k-75k range, with 223 originations. The second most popular income band? $50k or less, with 169 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 224 | $44,280,000 | $197,679 | $2,238 | 2.99% |
| <20% | 146 | $25,990,000 | $178,014 | $2,219 | 2.98% |
| 30-36% | 141 | $29,805,000 | $211,383 | $2,414 | 3.05% |
| 40% | 30 | $6,160,000 | $205,333 | $2,259 | 2.99% |
| 37% | 28 | $5,990,000 | $213,929 | $2,347 | 3.13% |
| 41% | 28 | $6,470,000 | $231,071 | $2,479 | 3.18% |
| 43% | 26 | $6,210,000 | $238,846 | $3,013 | 3.02% |
| 39% | 24 | $4,470,000 | $186,250 | $2,391 | 3.05% |
| 38% | 24 | $4,670,000 | $194,583 | $2,316 | 3.08% |
| 36% | 22 | $5,110,000 | $232,273 | $2,476 | 3.05% |
| 44% | 19 | $4,235,000 | $222,895 | $2,508 | 3.05% |
| 45% | 19 | $4,225,000 | $222,368 | $2,403 | 3.09% |
| 42% | 18 | $3,440,000 | $191,111 | $2,300 | 3.29% |
| 46% | 15 | $3,115,000 | $207,667 | $3,126 | 3.16% |
| 48% | 14 | $3,070,000 | $219,286 | $2,278 | 3.11% |
| 49% | 14 | $3,740,000 | $267,143 | $3,292 | 3.05% |
| 47% | 12 | $3,240,000 | $270,000 | $2,567 | 2.97% |
| 50-60% | 10 | $2,380,000 | $238,000 | $2,455 | 3.58% |
| >60% | 10 | $2,820,000 | $282,000 | $2,521 | 3.55% |
Assemblies Of God Credit Union lent most frequently to those with DTI ratios of 20-30%, with 224 originations. The next most common DTI ratio? <20%, with 146 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 812 | $166,540,000 | $205,099 | $2,337 | 3.05% |
| Not provided | 17 | $3,935,000 | $231,471 | $2,867 | 3.06% |
| Asian | 12 | $2,440,000 | $203,333 | $2,593 | 2.85% |
| American Indian | 9 | $2,275,000 | $252,778 | $3,395 | 2.86% |
| Black | 7 | $1,735,000 | $247,857 | $3,048 | 2.89% |
| Native Hawaiian | 2 | $400,000 | $200,000 | $2,595 | 2.93% |
Approval Rates
Total approvals of all applications97.46%
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 origination92.37%
Assemblies Of God Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 859 | $177,325,000 | $206,432 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 859 | $177,325,000 | $206,432 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 35 | $4,975,000 | $142,143 | $1,813 | 2.64% |
| 40-60% | 128 | $22,220,000 | $173,594 | $2,166 | 2.84% |
| 60-80% | 369 | $77,855,000 | $210,989 | $2,303 | 3.09% |
| 80-100% | 299 | $69,265,000 | $231,656 | $2,669 | 3.05% |
| Over 100% | 4 | $1,870,000 | $467,500 | $9,620 | 2.75% |
| Under 20% | 24 | $1,140,000 | $47,500 | $278 | 3.97% |
