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 and Home Purchase loans. Allegiance has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Mcalester, Tulsa, Ardmore, and Shawnee among others. We have data for 11 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
215Origination Dollar Volume (All Markets)
$32,505,000Awards
ALLEGIANCE - 2022
ALLEGIANCE is a 2022 , due to their low .
For 2022, 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) | 190 | $27,670,000 | $145,632 | $2,499 | 4.48% |
| Outside of Metro Areas | 6 | $1,290,000 | $215,000 | $2,798 | 3.85% |
| McAlester, OK (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $3,598 | 4.12% |
| TULSA, OK (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,386 | 4.21% |
| Ardmore, OK (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $2,887 | 4.50% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,273 | 4.13% |
| Ada, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,005 | 3.25% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,952 | 2.88% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,682 | 4.75% |
| Durant, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,941 | 3.25% |
| Woodward, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,572 | 4.75% |
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 | 215 | $32,505,000 | $151,186 | $2,575 | 4.43% |
For 2022, Allegiance's most frequently originated type of loan was Conventional, with 215 originations.
Loan Reason
For 2022, Allegiance's most frequently cited loan purpose was Cash Out Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 76 originations.
Loan Duration/Length
For 2022, Allegiance's most frequently cited loan duration was 20 Year, with 70 originations. The 2nd most popular length was 30 Year, with 64 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 117 | $21,675,000 | $185,256 |
| $<1k | 97 | $10,735,000 | $110,670 |
| $2k-3k | 1 | $95,000 | $95,000 |
Allegiance's average total fees were $3,519, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 117 originations.
Interest Rates
During 2022, Allegiance's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 63 originations.
Loan Sizing
2022 saw Allegiance place emphasis on $100k-200k loans with 92 originations, totaling $13,440,000 in origination value.
Applicant Income
Allegiance lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $50k or less, with 49 originations.
Applicant Debt to Income Ratio
Allegiance lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.30%
Allegiance has an average approval rate.
Pick Rate
Approvals leading to origination61.40%
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 | 215 | $32,505,000 | $151,186 |