Alliant Bank Mortgage Rates, Fees & Info

Madison, MO

LEI: 549300M4MFIHXLR7AI37

Tax ID: 43-0389170

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Mortgage Data

Review & Overview

Alliant Bank is a smaller bank specializing in Home Purchase loans. Alliant Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kirksville, Columbia, Kansas City, Hannibal, and Moberly among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alliant Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

191

Origination Dollar Volume (All Markets)

$28,835,000

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
Kirksville, MO (FHA|USDA|VA) 92 $12,480,000 $135,652 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 29 $5,275,000 $181,897 $0 0.00%
Outside of Metro Areas 33 $4,395,000 $133,182 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,990,000 $248,750 $0 0.00%
Hannibal, MO (FHA|USDA|VA) 10 $1,650,000 $165,000 $0 0.00%
Moberly, MO (FHA|USDA|VA) 7 $1,175,000 $167,857 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
Mexico, MO (FHA|USDA|VA) 3 $455,000 $151,667 $0 0.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Maryville, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Alliant Bank's top markets include Kirksville, Columbia, Kansas City, Hannibal, and Moberly among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 171 $26,925,000 $157,456 $0 0.00%
    USDA 20 $1,910,000 $95,500 $0 0.00%

    For 2022, Alliant Bank's most frequently originated type of loan was Conventional, with 171 originations. Their 2nd most popular type was USDA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $19,745,000 $165,924 $0 0.00%
    Refi 45 $5,095,000 $113,222 $0 0.00%
    Cash Out Refi 24 $3,760,000 $156,667 $0 0.00%
    Home Improvement 2 $140,000 $70,000 $0 0.00%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2022, Alliant Bank's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 191 $28,835,000 $150,969 $0 0.00%

    For 2022, Alliant Bank's most frequently cited loan duration was Other, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $5,460,000 $63,488 $0 0.00%
    $100k-200k 63 $8,735,000 $138,651 $0 0.00%
    $200k-400k 31 $8,785,000 $283,387 $0 0.00%
    $400k-600k 9 $4,245,000 $471,667 $0 0.00%
    $600k-1MM 2 $1,610,000 $805,000 $0 0.00%

    2022 saw Alliant Bank place emphasis on $100,000 or less loans with 86 originations, totaling $5,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $4,585,000 $89,902 $0 0.00%
    $50k-75k 34 $4,140,000 $121,765 $0 0.00%
    $100k-150k 33 $5,925,000 $179,545 $0 0.00%
    $150k-250k 19 $4,605,000 $242,368 $0 0.00%
    $75k-100k 17 $2,245,000 $132,059 $0 0.00%
    $250k+ 5 $1,565,000 $313,000 $0 0.00%

    Alliant Bank lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 191 $28,835,000 $150,969 $0 0.00%

    Alliant Bank lent most frequently to those with DTI ratios of Exempt%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 150 $22,280,000 $148,533 $0 0.00%
    Not applicable 31 $5,345,000 $172,419 $0 0.00%
    Not provided 5 $825,000 $165,000 $0 0.00%
    Asian 3 $265,000 $88,333 $0 0.00%
    Asian Indian 1 $115,000 $115,000 $0 0.00%
    Black 1 $5,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.44%

    Alliant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.30%

    Alliant Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 191 $28,835,000 $150,969

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    191 $28,835,000 $150,969