Alliance Community Bank Mortgage Rates, Fees & Info

Petersburg, IL

LEI: 549300FX3J95NB1UTP88

Tax ID: 37-0160000

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Alliance Community Bank is a smaller bank specializing in Home Purchase loans. Alliance Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Lincoln, Peoria, and Centralia among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alliance Community Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Alliance Community Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 11/21/24
    30 Year Conventional Refi 6.74% 11/21/24
    30 Year Cash-out Refi 6.71% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.10% 11/21/24
    15 Year Conventional Refi 5.98% 11/21/24
    15 Year Cash-out Refi 5.98% 11/21/24
    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.

    Alliance Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Alliance Community Bank. 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

    158

    Origination Dollar Volume (All Markets)

    $24,450,000

    Awards

    Alliance Community Bank 30 Year Conventional Loans gold Alliance Community Bank 30 Year Conventional Loans gold Alliance Community Bank 30 Year Conventional Loans gold
    Show all (3) 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, IL (FHA|USDA|VA) 127 $21,135,000 $166,417 $1,751 4.52%
    Outside of Metro Areas 17 $1,145,000 $67,353 $2,043 4.77%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $645,000 $215,000 $3,302 4.82%
    Lincoln, IL (FHA|USDA|VA) 4 $520,000 $130,000 $1,609 4.63%
    PEORIA, IL (FHA|USDA|VA) 2 $420,000 $210,000 $2,749 4.81%
    Centralia, IL (FHA|USDA|VA) 1 $245,000 $245,000 $657 3.13%
    Taylorville, IL (FHA|USDA|VA) 2 $220,000 $110,000 $2,100 5.06%
    DECATUR, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,797 4.50%
    Jacksonville, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,341 3.75%
    Alliance Community Bank's top markets include Springfield, St. Louis, Lincoln, Peoria, and Centralia among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Alliance Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Alliance Community Bank
    Similarity Rank: 45
    HEARTLAND
    Similarity Rank: 108
    Prairie State Bank and Trust
    Similarity Rank: 396
    Hickory Point Bank and Trust
    Similarity Rank: 450
    Marine Bank
    Similarity Rank: 532
    Petefish, Skiles & Co.
    Similarity Rank: 806
    United Community Bank
    Similarity Rank: 900
    Carrollton Bank
    Similarity Rank: 1125
    Town & Country Banc Mortgage Services
    Similarity Rank: 1147
    CITIZENS EQUITY FIRST
    Similarity Rank: 1308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $24,450,000 $154,747 $1,821 4.55%

    For 2022, Alliance Community Bank's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $16,165,000 $173,817 $2,067 4.59%
    Cash Out Refi 32 $4,130,000 $129,063 $1,709 4.48%
    Refi 22 $3,380,000 $153,636 $1,377 4.37%
    Home Improvement 6 $320,000 $53,333 $1,252 5.02%
    Other 5 $455,000 $91,000 $917 4.52%

    For 2022, Alliance Community Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $15,200,000 $155,102 $1,912 4.49%
    15 Year 22 $2,410,000 $109,545 $1,788 4.22%
    20 Year 20 $5,460,000 $273,000 $2,177 4.74%
    Other 9 $935,000 $103,889 $972 4.84%
    5 Year 7 $285,000 $40,714 $664 5.45%
    10 Year 2 $160,000 $80,000 $694 5.00%

    For 2022, Alliance Community Bank's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 106 $15,200,000 $143,396
    $1k-2k 12 $2,010,000 $167,500
    $2k-3k 9 $1,505,000 $167,222
    $3k-4k 2 $210,000 $105,000
    $5k+ 1 $215,000 $215,000

    Alliance Community Bank's average total fees were $1,912, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 77 $10,175,000 $132,143
    5-6% 36 $7,200,000 $200,000
    3-4% 32 $5,370,000 $167,813
    2.5-3% 7 $1,155,000 $165,000
    6-7% 5 $395,000 $79,000
    <2.5% 1 $155,000 $155,000

    During 2022, Alliance Community Bank's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 4-5%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 74 $4,380,000 $59,189 $1,571 4.76%
    $100k-200k 46 $6,670,000 $145,000 $1,888 4.33%
    $200k-400k 32 $8,380,000 $261,875 $2,180 4.33%
    $400k-600k 4 $1,850,000 $462,500 $1,594 4.53%
    $1MM+ 1 $2,485,000 $2,485,000 $0 5.50%
    $600k-1MM 1 $685,000 $685,000 $0 5.38%

    2022 saw Alliance Community Bank place emphasis on $100,000 or less loans with 74 originations, totaling $4,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $5,765,000 $140,610 $1,987 4.59%
    $50k-75k 31 $3,885,000 $125,323 $1,966 4.40%
    $50k or less 30 $2,040,000 $68,000 $1,590 4.60%
    $150k-250k 19 $4,485,000 $236,053 $1,911 4.19%
    $75k-100k 18 $2,170,000 $120,556 $1,636 4.50%
    $250k+ 4 $1,110,000 $277,500 $1,832 4.13%

    Alliance Community Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $5,405,000 $131,829 $1,914 4.52%
    <20% 27 $3,155,000 $116,852 $1,846 3.88%
    30-36% 27 $4,635,000 $171,667 $1,706 4.53%
    36% 6 $760,000 $126,667 $1,978 4.46%
    37% 6 $820,000 $136,667 $1,726 4.26%
    41% 4 $340,000 $85,000 $1,096 5.06%
    43% 4 $800,000 $200,000 $2,123 3.88%
    39% 3 $415,000 $138,333 $1,581 4.29%
    42% 3 $615,000 $205,000 $1,620 4.25%
    45% 3 $375,000 $125,000 $1,432 4.42%
    50-60% 2 $460,000 $230,000 $764 4.00%
    40% 2 $180,000 $90,000 $4,727 4.75%
    46% 2 $340,000 $170,000 $1,852 4.75%
    47% 2 $400,000 $200,000 $1,275 4.50%
    38% 2 $370,000 $185,000 $2,444 5.31%
    49% 1 $285,000 $285,000 $3,628 6.38%

    Alliance Community Bank lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $19,305,000 $140,912 $1,785 4.44%
    Not applicable 12 $4,330,000 $360,833 $0 5.57%
    Not provided 7 $665,000 $95,000 $2,605 5.09%
    Filipino 1 $85,000 $85,000 $3,399 3.25%
    American Indian 1 $65,000 $65,000 $1,663 4.63%

    Approval Rates

    Total approvals of all applications
    87.39%

    Alliance Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.51%

    Alliance Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 158 $24,450,000 $154,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $24,450,000 $154,747

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $605,000 $67,222 $1,025 4.44%
    40-60% 19 $4,125,000 $217,105 $1,351 4.58%
    60-80% 53 $7,825,000 $147,642 $1,956 4.33%
    80-100% 70 $11,380,000 $162,571 $2,028 4.66%
    Over 100% 1 $235,000 $235,000 $510 3.50%
    Under 20% 6 $280,000 $46,667 $692 5.46%