Missouri Credit Union Mortgage Rates, Fees & InfoColumbia, MO
Tax ID: 23-7024415
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMissouri 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.
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|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.|
Origination Dollar Volume (All Markets)$53,340,000
Missouri Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Missouri Credit Union's most frequently originated type of loan was Conventional, with 266 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||52||$8,820,000||$169,615||$2,506||3.87%|
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.
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw Missouri Credit Union place emphasis on $100k-200k loans with 120 originations, totaling $17,830,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Missouri Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
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|