Missouri Credit Union Mortgage Rates, Fees & Info

Columbia, MO

LEI: 549300MQ4IB3OO2XR831

Tax ID: 23-7024415

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase, Refi, and Cash Out Refi 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.

    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% 4/21/24
    30 Year Conventional Refi 6.35% 4/21/24
    30 Year Cash-out Refi 6.37% 4/21/24
    15 Year Conventional Purchase 5.94% 4/21/24
    15 Year Conventional Refi 5.77% 4/21/24
    15 Year Cash-out Refi 5.77% 4/21/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Missouri Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    704

    Origination Dollar Volume (All Markets)

    $126,280,000
    Show all (5) awards

    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) 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.

    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.

    The Callaway Bank
    Similarity Rank: 315
    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    MISSOURI Credit Union
    Similarity Rank: 380
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    The Bank of Missouri
    Similarity Rank: 598
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 704 $126,280,000 $179,375 $1,791 2.73%

    For 2021, Missouri Credit Union's most frequently originated type of loan was Conventional, with 704 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Missouri Credit Union's most frequently cited loan purpose was Home Purchase, with 291 originations. The 2nd most popular reason was 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 2021, Missouri Credit Union's most frequently cited loan duration was 30 Year, with 372 originations. The 2nd most popular length was 15 Year, with 230 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 1 $455,000 $455,000

    Missouri Credit Union's average total fees were $1,823, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.01%, while their most frequently originated rate bucket for loans was 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 applications
    80.39%

    Missouri Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    12.50%

    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%