Missouri Credit Union Mortgage Rates, Fees & Info
Columbia, MOLEI: 549300MQ4IB3OO2XR831
Tax ID: 23-7024415
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Missouri Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Missouri Credit Union has a high proportion of conventional loans. Their top markets include Columbia, Jefferson City, St. Louis, Kansas City, and Moberly among others. Missouri Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Missouri Credit Union is typically a low fee lendor.Originations
704Origination Dollar Volume (All Markets)
$126,280,000Awards
MISSOURI Credit Union - 2021
MISSOURI Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Missouri Credit Union's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
Missouri Credit Union's average total fees for a 30 year fixed rate
mortgage are $1,823.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBIA, MO (FHA|USDA|VA) | 436 | $82,560,000 | $189,358 | $1,726 | 2.73% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 151 | $25,015,000 | $165,662 | $1,838 | 2.68% |
| Outside of Metro Areas | 43 | $6,455,000 | $150,116 | $2,039 | 2.85% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 17 | $3,375,000 | $198,529 | $2,168 | 2.89% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 15 | $2,565,000 | $171,000 | $1,818 | 2.75% |
| Moberly, MO (FHA|USDA|VA) | 10 | $1,710,000 | $171,000 | $1,808 | 2.80% |
| Rolla, MO (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $2,110 | 2.83% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $2,273 | 2.72% |
| Mexico, MO (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $1,844 | 2.94% |
| Kirksville, MO (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $1,614 | 2.91% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,905 | 2.79% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,019 | 2.75% |
| Sedalia, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,899 | 2.44% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,536 | 2.31% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,537 | 2.69% |
| West Plains, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,561 | 3.13% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,976 | 3.25% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,470 | 2.50% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,615 | 2.88% |
Missouri Credit Union's top markets include Columbia, Jefferson City, St. Louis, Kansas City, and Moberly among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 704 | $126,280,000 | $179,375 | $1,791 | 2.73% |
For the 2021 period, Missouri Credit Union's most frequently originated loan type of loans were Conventional, with 704 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 291 | $56,115,000 | $192,835 | $1,791 | 2.90% |
| Refi | 261 | $43,975,000 | $168,487 | $1,748 | 2.55% |
| Cash Out Refi | 152 | $26,190,000 | $172,303 | $1,864 | 2.73% |
For the 2021, Missouri Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 291 originations. The 2nd most popular reason of loans were Refi, with 261 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 372 | $71,890,000 | $193,253 | $1,823 | 3.01% |
| 15 Year | 230 | $37,350,000 | $162,391 | $1,768 | 2.36% |
| 20 Year | 61 | $11,075,000 | $181,557 | $1,742 | 2.77% |
| 10 Year | 41 | $5,965,000 | $145,488 | $1,698 | 2.28% |
For the 2021, Missouri Credit Union's most frequently cited loan length of loans were 30 Year, with 372 originations. The 2nd most popular length of loans were 15 Year, with 230 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 677 | $120,875,000 | $178,545 |
| $1k-2k | 23 | $4,335,000 | $188,478 |
| $2k-3k | 2 | $480,000 | $240,000 |
| $3k-4k | 1 | $455,000 | $455,000 |
$1,823 of loans were Missouri Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 677 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 281 | $52,795,000 | $187,883 |
| <2.5% | 271 | $49,445,000 | $182,454 |
| 3-4% | 150 | $23,870,000 | $159,133 |
| 4-5% | 2 | $170,000 | $85,000 |
During 2021, Missouri Credit Union's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 281 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 359 | $53,265,000 | $148,370 | $1,786 | 2.75% |
| $200k-400k | 205 | $53,365,000 | $260,317 | $1,844 | 2.72% |
| $100,000 or less | 117 | $9,225,000 | $78,846 | $1,628 | 2.74% |
| $400k-600k | 23 | $10,425,000 | $453,261 | $2,218 | 2.55% |
2021 saw Missouri Credit Union place emphasis on $100k-200k loans with 359 originations, totaling $53,265,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 183 | $36,585,000 | $199,918 | $1,857 | 2.70% |
| $50k-75k | 150 | $22,440,000 | $149,600 | $1,753 | 2.77% |
| $75k-100k | 136 | $25,690,000 | $188,897 | $1,788 | 2.71% |
| $50k or less | 115 | $14,065,000 | $122,304 | $1,690 | 2.80% |
| $150k-250k | 87 | $19,505,000 | $224,195 | $1,821 | 2.64% |
| $250k+ | 33 | $7,995,000 | $242,273 | $1,880 | 2.84% |
Missouri Credit Union lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $50k-75k, with 150 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 212 | $40,710,000 | $192,028 | $1,793 | 2.68% |
| <20% | 157 | $25,375,000 | $161,624 | $1,766 | 2.69% |
| 30-36% | 121 | $21,175,000 | $175,000 | $1,811 | 2.75% |
| 41% | 30 | $5,630,000 | $187,667 | $1,752 | 2.93% |
| 43% | 23 | $4,355,000 | $189,348 | $1,785 | 2.84% |
| 39% | 23 | $4,715,000 | $205,000 | $1,796 | 2.82% |
| 38% | 19 | $3,125,000 | $164,474 | $1,926 | 2.87% |
| 36% | 19 | $3,315,000 | $174,474 | $1,748 | 2.64% |
| 40% | 18 | $3,710,000 | $206,111 | $1,824 | 2.71% |
| 37% | 17 | $3,155,000 | $185,588 | $1,802 | 2.99% |
| 42% | 17 | $2,625,000 | $154,412 | $1,831 | 2.93% |
| 44% | 14 | $2,350,000 | $167,857 | $1,844 | 2.79% |
| 46% | 8 | $1,510,000 | $188,750 | $1,603 | 2.59% |
| 48% | 8 | $1,150,000 | $143,750 | $1,771 | 2.73% |
| 45% | 7 | $1,415,000 | $202,143 | $1,795 | 2.59% |
| 47% | 6 | $1,140,000 | $190,000 | $1,582 | 2.44% |
| 49% | 5 | $825,000 | $165,000 | $2,007 | 2.93% |
Missouri Credit Union lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? <20%, with 157 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 512 | $91,580,000 | $178,867 | $1,790 | 2.71% |
| Not provided | 128 | $22,780,000 | $177,969 | $1,818 | 2.75% |
| Asian | 39 | $7,785,000 | $199,615 | $1,715 | 2.89% |
| Black | 22 | $3,580,000 | $162,727 | $1,795 | 2.86% |
| American Indian | 3 | $555,000 | $185,000 | $1,768 | 3.00% |
Approval Rates
Total approvals of all applications82.56%
Missouri Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination12.16%
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 | 704 | $126,280,000 | $179,375 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 704 | $126,280,000 | $179,375 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 45 | $4,825,000 | $107,222 | $1,666 | 2.46% |
| 40-60% | 118 | $17,570,000 | $148,898 | $1,667 | 2.50% |
| 60-80% | 323 | $59,035,000 | $182,771 | $1,834 | 2.76% |
| 80-100% | 216 | $44,710,000 | $206,991 | $1,823 | 2.88% |
| Under 20% | 2 | $140,000 | $70,000 | $1,521 | 2.13% |
