Missouri Credit Union Mortgage Rates, Fees & Info

Columbia, MO

LEI: 549300MQ4IB3OO2XR831

Tax ID: 23-7024415

5 stars - out of 5 stars, based on 16 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Missouri Credit Union is a smaller credit union specializing in loans. Missouri Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, St. Louis, Kansas City, and Moberly among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Missouri Credit Union 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. Missouri Credit Union 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 6.45% 3/30/23
    30 Year Conventional Refi 6.35% 3/30/23
    30 Year Cash-out Refi 6.37% 3/30/23
    15 Year Conventional Purchase 5.94% 3/30/23
    15 Year Conventional Refi 5.77% 3/30/23
    15 Year Cash-out Refi 5.77% 3/30/23
    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.


    Originations

    266

    Origination Dollar Volume (All Markets)

    $53,340,000
    Show all (5) awards

    Relative Rate

    Missouri Credit Union's average 30 year fixed mortgage rate was 4.91%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Missouri Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,298.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    COLUMBIA, MO (FHA|USDA|VA) 163 $35,695,000 $218,988 $2,143 4.56%
    JEFFERSON CITY, MO (FHA|USDA|VA) 61 $10,215,000 $167,459 $2,242 4.55%
    Outside of Metro Areas 13 $1,945,000 $149,615 $2,276 4.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,815,000 $259,286 $4,032 4.77%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,020,000 $170,000 $2,103 5.50%
    Moberly, MO (FHA|USDA|VA) 3 $495,000 $165,000 $1,642 4.29%
    Sedalia, MO (FHA|USDA|VA) 1 $285,000 $285,000 $1,836 4.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $270,000 $135,000 $3,564 5.00%
    Kirksville, MO (FHA|USDA|VA) 1 $255,000 $255,000 $1,158 4.38%
    Branson, MO (FHA|USDA|VA) 1 $225,000 $225,000 $2,736 3.75%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,138 3.13%
    Hannibal, MO (FHA|USDA|VA) 1 $175,000 $175,000 $1,203 5.25%
    Warrensburg, MO (FHA|USDA|VA) 1 $165,000 $165,000 $1,799 5.00%
    Mexico, MO (FHA|USDA|VA) 1 $165,000 $165,000 $1,996 5.75%
    Rolla, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,101 3.25%
    West Plains, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,336 2.38%
    JOPLIN, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,290 3.63%
    Farmington, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,283 3.00%
    Missouri Credit Union's top markets include Columbia, Jefferson City, St. Louis, Kansas City, and Moberly among others.

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

    • Similar Lenders

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 209
    The Callaway Bank
    Similarity Rank: 315
    Town & Country Bank
    Similarity Rank: 328
    MISSOURI Credit Union
    Similarity Rank: 360
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 518
    JERSEY STATE BANK
    Similarity Rank: 580
    The Bank of Missouri
    Similarity Rank: 611
    U S WIDE FINANCIAL LLC
    Similarity Rank: 720
    First National Bank of Waterloo
    Similarity Rank: 804
    ALLTRU Federal Credit Union
    Similarity Rank: 884

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 266 $53,340,000 $200,526 $2,216 4.55%

    For 2022, Missouri Credit Union's most frequently originated type of loan was Conventional, with 266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 179 $38,495,000 $215,056 $2,149 4.91%
    Cash Out Refi 52 $8,820,000 $169,615 $2,506 3.87%
    Refi 35 $6,025,000 $172,143 $2,127 3.75%

    For 2022, Missouri Credit Union's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 193 $39,575,000 $205,052 $2,298 4.91%
    15 Year 58 $11,030,000 $190,172 $2,031 3.64%
    20 Year 10 $1,590,000 $159,000 $2,023 3.63%
    10 Year 5 $1,145,000 $229,000 $1,571 3.13%

    For 2022, Missouri Credit Union's most frequently cited loan duration was 30 Year, with 193 originations. The 2nd most popular length was 15 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 224 $43,330,000 $193,438
    $1k-2k 18 $3,690,000 $205,000
    $2k-3k 11 $2,685,000 $244,091
    $3k-4k 5 $1,235,000 $247,000
    $4k-5k 4 $1,300,000 $325,000
    $5k+ 4 $1,100,000 $275,000

    Missouri Credit Union's average total fees were $2,298, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 71 $13,565,000 $191,056
    4-5% 69 $14,565,000 $211,087
    5-6% 68 $12,680,000 $186,471
    6-7% 25 $4,905,000 $196,200
    2.5-3% 19 $4,485,000 $236,053
    <2.5% 11 $2,675,000 $243,182
    7-8% 3 $465,000 $155,000

    During 2022, Missouri Credit Union's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 3-4%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 120 $17,830,000 $148,583 $2,056 4.68%
    $200k-400k 93 $24,825,000 $266,935 $2,503 4.59%
    $100,000 or less 37 $2,935,000 $79,324 $1,853 4.41%
    $400k-600k 14 $6,500,000 $464,286 $2,560 3.88%
    $600k-1MM 2 $1,250,000 $625,000 $2,732 2.69%

    2022 saw Missouri Credit Union place emphasis on $100k-200k loans with 120 originations, totaling $17,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 62 $13,110,000 $211,452 $2,253 4.50%
    $100k-150k 57 $13,185,000 $231,316 $2,275 4.48%
    $50k or less 51 $6,435,000 $126,176 $2,169 4.59%
    $50k-75k 50 $8,620,000 $172,400 $2,146 4.80%
    $150k-250k 32 $8,260,000 $258,125 $2,150 4.50%
    $250k+ 14 $3,730,000 $266,429 $2,376 4.21%

    Missouri Credit Union lent most frequently to those with incomes in the $75k-100k range, with 62 originations. The second most popular income band? $100k-150k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 75 $14,265,000 $190,200 $2,169 4.53%
    30-36% 53 $10,765,000 $203,113 $2,007 4.37%
    <20% 36 $5,880,000 $163,333 $2,065 4.42%
    36% 14 $2,990,000 $213,571 $1,873 4.41%
    44% 10 $2,160,000 $216,000 $4,478 4.16%
    42% 10 $1,740,000 $174,000 $1,875 5.04%
    40% 10 $2,040,000 $204,000 $2,332 4.41%
    41% 9 $1,805,000 $200,556 $2,034 4.83%
    49% 8 $1,670,000 $208,750 $2,509 5.22%
    45% 8 $2,040,000 $255,000 $1,953 5.09%
    46% 6 $1,220,000 $203,333 $2,140 4.50%
    37% 6 $1,180,000 $196,667 $2,310 5.46%
    39% 6 $1,860,000 $310,000 $1,913 4.58%
    43% 6 $1,420,000 $236,667 $3,325 4.71%
    38% 6 $1,540,000 $256,667 $2,414 4.67%
    48% 2 $610,000 $305,000 $2,181 5.06%
    47% 1 $155,000 $155,000 $1,865 3.00%

    Missouri Credit Union lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 191 $37,475,000 $196,204 $2,037 4.56%
    Not provided 39 $7,965,000 $204,231 $2,749 4.51%
    Black 17 $4,015,000 $236,176 $2,408 4.50%
    Asian 17 $3,625,000 $213,235 $2,822 4.63%
    American Indian 2 $260,000 $130,000 $2,039 4.81%

    Approval Rates

    Total approvals of all applications
    80.60%

    Missouri Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -74.81%

    Missouri Credit Union 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 266 $53,340,000 $200,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    266 $53,340,000 $200,526

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,625,000 $108,333 $1,950 3.99%
    40-60% 33 $4,965,000 $150,455 $1,896 4.20%
    60-80% 107 $21,935,000 $205,000 $2,092 4.45%
    80-100% 110 $24,750,000 $225,000 $2,471 4.83%
    Under 20% 1 $65,000 $65,000 $1,831 5.38%