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 Cash Out Refi, Refi, and Home Purchase loans. Allegiance has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Weatherford, Woodward, and Elk City 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.11% | 4/28/24 |
| 30 Year Cash-out Refi | 6.40% | 4/28/24 |
| 30 Year FHA Purchase | 5.23% | 4/28/24 |
| 30 Year VA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.16% | 4/28/24 |
| 15 Year Conventional Refi | 6.90% | 4/28/24 |
| 15 Year Cash-out Refi | 6.90% | 4/28/24 |
| 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. | ||
Allegiance Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
426Origination Dollar Volume (All Markets)
$64,910,000Awards
ALLEGIANCE - 2021
ALLEGIANCE is a 2021 , due to their low .
For 2021, 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) | 397 | $60,995,000 | $153,640 | $2,247 | 2.88% |
| Outside of Metro Areas | 13 | $1,605,000 | $123,462 | $2,469 | 3.07% |
| TULSA, OK (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $2,626 | 3.11% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,840 | 2.81% |
| Woodward, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,817 | 3.00% |
| Elk City, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,212 | 2.25% |
| McAlester, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,525 | 3.25% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,188 | 2.63% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,362 | 3.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 422 | $64,030,000 | $151,730 | $2,261 | 2.89% |
| VA | 4 | $880,000 | $220,000 | $4,410 | 2.47% |
For 2021, Allegiance's most frequently originated type of loan was Conventional, with 422 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2021, Allegiance's most frequently cited loan purpose was Cash Out Refi, with 171 originations. The 2nd most popular reason was Refi, with 112 originations.
Loan Duration/Length
For 2021, Allegiance's most frequently cited loan duration was 15 Year, with 216 originations. The 2nd most popular length was 30 Year, with 130 originations.
Origination Fees/Closing Costs
Allegiance's average total fees were $3,742, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 233 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 170 | $28,030,000 | $164,882 |
| 3-4% | 128 | $15,840,000 | $123,750 |
| 2.5-3% | 107 | $18,975,000 | $177,336 |
| 4-5% | 21 | $2,065,000 | $98,333 |
During 2021, Allegiance's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was <2.5%, with 170 originations.
Loan Sizing
2021 saw Allegiance place emphasis on $100k-200k loans with 181 originations, totaling $25,745,000 in origination value.
Applicant Income
Allegiance lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $50k or less, with 89 originations.
Applicant Debt to Income Ratio
Allegiance lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.45%
Allegiance has an average approval rate.
Pick Rate
Approvals leading to origination60.56%
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 | 426 | $64,910,000 | $152,371 |