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 Refi and Home Purchase loans. Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Springfield, West Plains, 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 an above 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% | 11/23/24 |
| 30 Year Conventional Purchase | 6.99% | 11/23/24 |
| 30 Year Conventional Refi | 6.83% | 11/23/24 |
| 30 Year Cash-out Refi | 6.92% | 11/23/24 |
| 15 Year Conventional Purchase | 5.90% | 11/23/24 |
| 15 Year Conventional Refi | 6.09% | 11/23/24 |
| 15 Year Cash-out Refi | 6.09% | 11/23/24 |
| 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
307Origination Dollar Volume (All Markets)
$65,795,000Top 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) | 293 | $63,705,000 | $217,423 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,825,000 | $165,909 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $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 | 307 | $65,795,000 | $214,316 | $0 | 0.00% |
For 2020, Alliance Credit Union's most frequently originated type of loan was Conventional, with 307 originations.
Loan Reason
For 2020, Alliance Credit Union's most frequently cited loan purpose was Refi, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 307 | $65,795,000 | $214,316 | $0 | 0.00% |
For 2020, Alliance Credit Union's most frequently cited loan duration was Other, with 307 originations.
Loan Sizing
2020 saw Alliance Credit Union place emphasis on $100,000 or less loans with 106 originations, totaling $5,930,000 in origination value.
Applicant Income
Alliance Credit Union lent most frequently to those with incomes in the $50k-75k range, with 65 originations. The second most popular income band? $75k-100k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 307 | $65,795,000 | $214,316 | $0 | 0.00% |
Alliance Credit Union lent most frequently to those with DTI ratios of Exempt%, with 307 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.68%
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 origination99.35%
Alliance Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 307 | $65,795,000 | $214,316 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 307 | $65,795,000 | $214,316 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Alliance Data Card Services | Other type of mortgage | Closing on a mortgage | 2 | 66.7% |
| Alliance Data Card Services | Other type of mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 33.3% |