Assemblies Of God Credit Union Mortgage Rates, Fees & Info

Springfield, MO

LEI: 5493007OXXFLNNHTW637

Tax ID: 44-0599527

5 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

859

Origination Dollar Volume (All Markets)

$177,325,000
Show all (9) awards

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 applications
97.46%

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 origination
92.37%

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%