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, Home Purchase, and Refi loans. Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Kansas City, Branson, and Columbia 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.
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
215Origination Dollar Volume (All Markets)
$40,165,000Top 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) | 203 | $37,235,000 | $183,424 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $2,635,000 | $292,778 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
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 | 215 | $40,165,000 | $186,814 | $0 | 0.00% |
For 2019, Alliance Credit Union's most frequently originated type of loan was Conventional, with 215 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 122 | $18,230,000 | $149,426 | $0 | 0.00% |
| Home Purchase | 49 | $12,735,000 | $259,898 | $0 | 0.00% |
| Refi | 44 | $9,200,000 | $209,091 | $0 | 0.00% |
For 2019, Alliance Credit Union's most frequently cited loan purpose was Cash Out Refi, with 122 originations. The 2nd most popular reason was Home Purchase, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 215 | $40,165,000 | $186,814 | $0 | 0.00% |
For 2019, Alliance Credit Union's most frequently cited loan duration was Other, with 215 originations.
Loan Sizing
2019 saw Alliance Credit Union place emphasis on $100,000 or less loans with 87 originations, totaling $4,935,000 in origination value.
Applicant Income
Alliance Credit Union lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $50k-75k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 215 | $40,165,000 | $186,814 | $0 | 0.00% |
Alliance Credit Union lent most frequently to those with DTI ratios of Exempt%, with 215 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.19%
Alliance Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.37%
Alliance Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 215 | $40,165,000 | $186,814 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 215 | $40,165,000 | $186,814 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Alliance Data Card Services | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |