Alliance Credit Union Mortgage Rates, Fees & Info
Fenton, MOLEI: 549300TN0HZ349E7ZH34
Tax ID: 43-0658202
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Mortgage Data
Review & Overview
Alliance Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Columbia, Farmington, and Hannibal among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Alliance Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.53% | 5/4/24 |
| 30 Year Conventional Purchase | 6.99% | 5/4/24 |
| 30 Year Conventional Refi | 6.83% | 5/4/24 |
| 30 Year Cash-out Refi | 6.92% | 5/4/24 |
| 15 Year Conventional Purchase | 5.90% | 5/4/24 |
| 15 Year Conventional Refi | 6.09% | 5/4/24 |
| 15 Year Cash-out Refi | 6.09% | 5/4/24 |
| 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. | ||
Alliance Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
218Origination Dollar Volume (All Markets)
$42,280,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 209 | $41,065,000 | $196,483 | $0 | 4.64% |
| Outside of Metro Areas | 5 | $535,000 | $107,000 | $0 | 3.85% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 3.69% |
| Farmington, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.63% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against ALLIANCE 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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 213 | $41,635,000 | $195,469 | $0 | 4.58% |
| HELOC | 5 | $645,000 | $129,000 | n/a | 6.25% |
For 2018, Alliance Credit Union's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was HELOC, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 100 | $19,180,000 | $191,800 | $0 | 4.70% |
| Home Purchase | 89 | $17,505,000 | $196,685 | $0 | 4.74% |
| Refi | 29 | $5,595,000 | $192,931 | $0 | 3.98% |
For 2018, Alliance Credit Union's most frequently cited loan purpose was Cash Out Refi, with 100 originations. The 2nd most popular reason was Home Purchase, with 89 originations.
Loan Duration/Length
For 2018, Alliance Credit Union's most frequently cited loan duration was 30 Year, with 124 originations. The 2nd most popular length was 15 Year, with 46 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 81 | $18,645,000 | $230,185 |
| 4-5% | 73 | $18,355,000 | $251,438 |
| 5-6% | 43 | $3,745,000 | $87,093 |
| 6-7% | 21 | $1,535,000 | $73,095 |
During 2018, Alliance Credit Union's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.
Loan Sizing
2018 saw Alliance Credit Union place emphasis on $100,000 or less loans with 73 originations, totaling $3,475,000 in origination value.
Applicant Income
Alliance Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
Alliance Credit Union lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.92%
Alliance Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.78%
Alliance Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 218 | $42,280,000 | $193,945 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 218 | $42,280,000 | $193,945 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Alliance Data Card Services | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |