Allegiance Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 5493007U8EFNQS3VJQ70
Tax ID: 73-0727707
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Mortgage Data
Review & Overview
Allegiance is a smaller mortgage company specializing in Refi loans. Allegiance has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Elk City, Woodward, and Weatherford among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Allegiance has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Allegiance 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.47% | 12/16/24 |
| 30 Year Conventional Refi | 6.11% | 12/16/24 |
| 30 Year Cash-out Refi | 6.40% | 12/16/24 |
| 30 Year FHA Purchase | 5.23% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Refi | 6.90% | 12/16/24 |
| 15 Year Cash-out Refi | 6.90% | 12/16/24 |
| 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. | ||
Allegiance Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
464Origination Dollar Volume (All Markets)
$72,070,000Awards
ALLEGIANCE - 2020
ALLEGIANCE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 434 | $68,410,000 | $157,627 | $1,612 | 2.71% |
| Outside of Metro Areas | 12 | $1,620,000 | $135,000 | $2,692 | 2.69% |
| TULSA, OK (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $1,562 | 2.31% |
| Elk City, OK (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,132 | 3.25% |
| Woodward, OK (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,216 | 2.75% |
| Weatherford, OK (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $1,698 | 2.59% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,005 | 4.29% |
| McAlester, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,608 | 3.25% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,670 | 2.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against ALLEGIANCE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 168
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 461 | $71,195,000 | $154,436 | $1,611 | 2.71% |
| VA | 3 | $875,000 | $291,667 | $7,169 | 2.58% |
For 2020, Allegiance's most frequently originated type of loan was Conventional, with 461 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2020, Allegiance's most frequently cited loan purpose was Refi, with 277 originations. The 2nd most popular reason was Home Improvement, with 75 originations.
Loan Duration/Length
For 2020, Allegiance's most frequently cited loan duration was 15 Year, with 220 originations. The 2nd most popular length was 10 Year, with 93 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 328 | $45,540,000 | $138,841 |
| $1k-2k | 129 | $24,945,000 | $193,372 |
| $2k-3k | 6 | $1,140,000 | $190,000 |
| $4k-5k | 1 | $445,000 | $445,000 |
Allegiance's average total fees were $3,313, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 328 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 195 | $33,525,000 | $171,923 |
| 2.5-3% | 148 | $25,590,000 | $172,905 |
| 3-4% | 100 | $11,810,000 | $118,100 |
| 4-5% | 21 | $1,145,000 | $54,524 |
During 2020, Allegiance's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was <2.5%, with 195 originations.
Loan Sizing
2020 saw Allegiance place emphasis on $100,000 or less loans with 169 originations, totaling $10,445,000 in origination value.
Applicant Income
Allegiance lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $150k-250k, with 92 originations.
Applicant Debt to Income Ratio
Allegiance lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.76%
Allegiance has an average approval rate.
Pick Rate
Approvals leading to origination60.78%
Allegiance 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 | 464 | $72,070,000 | $155,323 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $225,000 | $75,000 |
| Single Family (1-4 Units):Site-Built | 461 | $71,845,000 | $155,846 |