Missouri Credit Union Mortgage Rates, Fees & Info
Columbia, MOLEI: 549300MQ4IB3OO2XR831
Tax ID: 23-7024415
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Mortgage Data
Review & Overview
Missouri Credit Union is a smaller credit union specializing in Home Purchase 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 19 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 4/13/24 |
| 30 Year Conventional Refi | 6.35% | 4/13/24 |
| 30 Year Cash-out Refi | 6.37% | 4/13/24 |
| 15 Year Conventional Purchase | 5.94% | 4/13/24 |
| 15 Year Conventional Refi | 5.77% | 4/13/24 |
| 15 Year Cash-out Refi | 5.77% | 4/13/24 |
| 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. | ||
Missouri Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Missouri Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
349Origination Dollar Volume (All Markets)
$55,715,000Awards
MISSOURI Credit Union - 2018
MISSOURI Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 198 | $34,460,000 | $174,040 | $1,659 | 4.50% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 77 | $10,985,000 | $142,662 | $1,816 | 4.64% |
| Outside of Metro Areas | 29 | $3,385,000 | $116,724 | $2,071 | 4.41% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $2,620 | 4.59% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $2,043 | 4.73% |
| Moberly, MO (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $1,697 | 4.72% |
| Kirksville, MO (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $1,643 | 4.48% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $2,074 | 4.55% |
| West Plains, MO (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,065 | 4.25% |
| Mexico, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,622 | 4.75% |
| Farmington, MO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,188 | 4.50% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,507 | 4.63% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,223 | 4.19% |
| Marshall, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,113 | 4.63% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,018 | 5.69% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,133 | 4.63% |
| Rolla, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,438 | 4.63% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,756 | 4.25% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,167 | 4.00% |
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.
Similarity Rank: 48
Similarity Rank: 100
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Similarity Rank: 200
Similarity Rank: 216
Similarity Rank: 238
Similarity Rank: 272
Similarity Rank: 279
Similarity Rank: 354
Similarity Rank: 380
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 349 | $55,715,000 | $159,642 | $1,785 | 4.54% |
For 2018, Missouri Credit Union's most frequently originated type of loan was Conventional, with 349 originations.
Loan Reason
For 2018, Missouri Credit Union's most frequently cited loan purpose was Home Purchase, with 245 originations. The 2nd most popular reason was Refi, with 77 originations.
Loan Duration/Length
For 2018, Missouri Credit Union's most frequently cited loan duration was 30 Year, with 243 originations. The 2nd most popular length was 15 Year, with 72 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 340 | $54,320,000 | $159,765 |
| $1k-2k | 7 | $1,115,000 | $159,286 |
| $2k-3k | 1 | $155,000 | $155,000 |
| $3k-4k | 1 | $125,000 | $125,000 |
Missouri Credit Union's average total fees were $1,757, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 340 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 263 | $42,385,000 | $161,160 |
| 3-4% | 56 | $9,310,000 | $166,250 |
| 5-6% | 30 | $4,020,000 | $134,000 |
During 2018, Missouri Credit Union's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 263 originations.
Loan Sizing
2018 saw Missouri Credit Union place emphasis on $100k-200k loans with 183 originations, totaling $26,985,000 in origination value.
Applicant Income
Missouri Credit Union lent most frequently to those with incomes in the $75k-100k range, with 92 originations. The second most popular income band? $50k-75k, with 87 originations.
Applicant Debt to Income Ratio
Missouri Credit Union lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.68%
Missouri Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-33.52%
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 | 349 | $55,715,000 | $159,642 |