Assemblies Of God Credit Union Mortgage Rates, Fees & Info

Springfield, MO

LEI: 5493007OXXFLNNHTW637

Tax ID: 44-0599527

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Mortgage Data

Review & Overview

Assemblies Of God Credit Union is a smaller credit union specializing in 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 by origination volume include: Springfield, Dallas, Nashville, Denver, and San Antonio among others. We have data for 30 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 an above 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 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 6.72% 3/28/24
30 Year Conventional Refi 6.76% 3/28/24
30 Year Cash-out Refi 6.66% 3/28/24
30 Year FHA Purchase 7.99% 3/28/24
30 Year VA Purchase 6.11% 3/28/24
30 Year USDA Purchase 6.54% 3/28/24
15 Year Conventional Purchase 6.13% 3/28/24
15 Year Conventional Refi 6.50% 3/28/24
15 Year Cash-out Refi 6.50% 3/28/24
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

287

Origination Dollar Volume (All Markets)

$39,355,000

Awards

ASSEMBLIES OF GOD Credit Union 30 Year Conventional Loans gold ASSEMBLIES OF GOD Credit Union 30 Year Conventional Loans gold
Show all (2) awards

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) 217 $29,315,000 $135,092 $1,875 4.79%
Outside of Metro Areas 19 $1,885,000 $99,211 $2,473 4.84%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,411 5.21%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $790,000 $395,000 $2,547 4.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $630,000 $315,000 $2,374 4.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $555,000 $185,000 $4,094 4.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $510,000 $255,000 $2,754 4.56%
JOPLIN, MO (FHA|USDA|VA) 3 $475,000 $158,333 $2,156 4.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $465,000 $93,000 $1,495 5.35%
Maryville, MO (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $325,000 $65,000 $1,321 5.47%
Pella, IA (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.63%
Branson, MO (FHA|USDA|VA) 3 $265,000 $88,333 $0 4.63%
Brownwood, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,704 4.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.88%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,525 4.25%
JONESBORO, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,084 4.13%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $2,885 4.50%
LAWRENCE, KS (FHA|USDA|VA) 1 $155,000 $155,000 $1,648 4.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,985 5.00%
West Plains, MO (FHA|USDA|VA) 2 $130,000 $65,000 $0 5.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,049 4.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $115,000 $115,000 $2,338 5.00%
WICHITA, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,603 4.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.63%
Russellville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,320 5.00%
McAlester, OK (FHA|USDA|VA) 1 $45,000 $45,000 $2,454 4.63%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.25%
Assemblies Of God Credit Union's top markets include Springfield, Dallas, Nashville, Denver, and San Antonio among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (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.

    HNB National Bank
    Similarity Rank: 60
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    UNITED CONSUMERS CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 270 $36,750,000 $136,111 $1,816 4.83%
    VA 11 $1,865,000 $169,545 $4,343 4.39%
    USDA 6 $740,000 $123,333 $2,978 4.46%

    For 2018, Assemblies Of God Credit Union's most frequently originated type of loan was Conventional, with 270 originations. Their 2nd most popular type was VA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 247 $34,195,000 $138,441 $2,056 4.78%
    Cash Out Refi 23 $2,895,000 $125,870 $1,870 4.98%
    Refi 16 $2,220,000 $138,750 $1,465 4.83%
    Other 1 $45,000 $45,000 $2,454 4.63%

    For 2018, Assemblies Of God Credit Union's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 207 $33,285,000 $160,797 $2,206 4.77%
    15 Year 71 $5,135,000 $72,324 $907 4.91%
    10 Year 4 $310,000 $77,500 $0 3.97%
    20 Year 3 $305,000 $101,667 $2,158 4.54%
    30+ year 1 $215,000 $215,000 $3,273 5.50%
    Other 1 $105,000 $105,000 $0 6.25%

    For 2018, Assemblies Of God Credit Union's most frequently cited loan duration was 30 Year, with 207 originations. The 2nd most popular length was 15 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 213 $32,435,000 $152,277
    $1k-2k 15 $3,625,000 $241,667
    $5k+ 1 $285,000 $285,000

    Assemblies Of God Credit Union's average total fees were $2,206, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 213 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 178 $26,860,000 $150,899
    5-6% 85 $8,295,000 $97,588
    3-4% 19 $3,985,000 $209,737
    6-7% 5 $215,000 $43,000

    During 2018, Assemblies Of God Credit Union's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 125 $18,535,000 $148,280 $2,153 4.68%
    $100,000 or less 111 $5,465,000 $49,234 $1,352 4.99%
    $200k-400k 47 $12,515,000 $266,277 $2,575 4.70%
    $600k-1MM 2 $1,410,000 $705,000 $4,894 4.38%
    $1MM+ 1 $1,005,000 $1,005,000 $3,076 3.99%
    $400k-600k 1 $425,000 $425,000 $2,322 5.99%

    2018 saw Assemblies Of God Credit Union place emphasis on $100k-200k loans with 125 originations, totaling $18,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 94 $8,780,000 $93,404 $1,942 4.82%
    $50k-75k 78 $10,030,000 $128,590 $2,046 4.89%
    $75k-100k 60 $8,470,000 $141,167 $1,885 4.80%
    $100k-150k 35 $6,415,000 $183,286 $2,257 4.75%
    $150k-250k 13 $3,335,000 $256,538 $870 4.53%
    $250k+ 7 $2,325,000 $332,143 $2,587 4.44%

    Assemblies Of God Credit Union lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $12,065,000 $138,678 $2,234 4.75%
    30-36% 48 $6,670,000 $138,958 $1,646 4.87%
    <20% 39 $4,255,000 $109,103 $1,368 4.67%
    37% 17 $2,345,000 $137,941 $1,851 4.96%
    43% 11 $1,845,000 $167,727 $3,273 4.65%
    36% 10 $1,780,000 $178,000 $2,278 4.95%
    39% 10 $1,460,000 $146,000 $2,189 4.81%
    42% 9 $1,375,000 $152,778 $1,571 4.87%
    38% 7 $745,000 $106,429 $2,237 4.89%
    40% 6 $1,230,000 $205,000 $2,201 4.71%
    49% 6 $1,090,000 $181,667 $2,347 4.83%
    45% 5 $725,000 $145,000 $2,160 4.83%
    >60% 4 $700,000 $175,000 $3,001 4.87%
    48% 4 $520,000 $130,000 $2,107 4.59%
    47% 4 $420,000 $105,000 $1,917 4.97%
    46% 3 $345,000 $115,000 $0 4.88%
    44% 3 $355,000 $118,333 $2,364 4.54%
    41% 3 $365,000 $121,667 $2,118 5.00%
    50-60% 3 $345,000 $115,000 $804 4.96%

    Assemblies Of God Credit Union lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 277 $37,085,000 $133,881 $1,976 4.81%
    Asian 3 $1,275,000 $425,000 $2,517 4.87%
    Not provided 3 $405,000 $135,000 $2,404 4.83%
    Native Hawaiian or Islander 2 $300,000 $150,000 $1,310 4.31%
    American Indian 1 $225,000 $225,000 $2,051 4.63%
    Filipino 1 $65,000 $65,000 $2,120 4.63%

    Approval Rates

    Total approvals of all applications
    97.98%

    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
    98.61%

    Assemblies Of God Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 287 $39,355,000 $137,125

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $520,000 $130,000
    Single Family (1-4 Units):Site-Built 283 $38,835,000 $137,226

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $560,000 $70,000 $1,473 4.48%
    40-60% 17 $1,685,000 $99,118 $1,864 4.57%
    60-80% 71 $11,765,000 $165,704 $2,017 4.78%
    80-100% 134 $22,710,000 $169,478 $2,123 4.76%
    Over 100% 6 $1,250,000 $208,333 $5,649 4.40%
    Under 20% 46 $1,040,000 $22,609 $132 5.19%