Alliance Credit Union Mortgage Rates, Fees & Info

Fenton, MO

LEI: 549300TN0HZ349E7ZH34

Tax ID: 43-0658202

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Alliance Credit Union is a smaller credit union specializing in Home Purchase and Other loans. Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Kansas City, Hannibal, and Branson 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. Alliance 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.

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    Originations

    270

    Origination Dollar Volume (All Markets)

    $59,680,000

    Top Markets

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    Market Originations Total Value Average Loan Average Fees Average Rate
    ST. LOUIS, MO-IL (FHA|USDA|VA) 260 $55,500,000 $213,462 $4,124 4.83%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 6.25%
    Outside of Metro Areas 7 $1,345,000 $192,143 $4,505 4.71%
    Hannibal, MO (FHA|USDA|VA) 1 $195,000 $195,000 $5,137 2.50%
    Branson, MO (FHA|USDA|VA) 1 $135,000 $135,000 $4,166 5.38%
    Alliance Credit Union's top markets include St. Louis, Kansas City, Hannibal, and Branson among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • 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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 268 $59,390,000 $221,604 $4,139 4.81%
    HELOC 2 $290,000 $145,000 n/a 6.13%

    For 2022, Alliance Credit Union's most frequently originated type of loan was Conventional, with 268 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $26,100,000 $283,696 $6,870 4.99%
    Other 83 $13,585,000 $163,675 $2,633 4.59%
    Cash Out Refi 37 $6,965,000 $188,243 $2,106 5.38%
    Refi 31 $9,865,000 $318,226 $4,913 4.40%
    Home Improvement 26 $3,130,000 $120,385 $1,755 4.69%
    NA 1 $35,000 $35,000 $520 4.25%

    For 2022, Alliance Credit Union's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Other, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 128 $40,760,000 $318,438 $6,209 4.60%
    20 Year 75 $8,595,000 $114,600 $2,006 4.92%
    15 Year 30 $4,060,000 $135,333 $2,060 5.00%
    5 Year 20 $4,580,000 $229,000 $537 5.64%
    10 Year 15 $1,285,000 $85,667 $2,256 4.63%
    Other 2 $400,000 $200,000 $0 5.63%

    For 2022, Alliance Credit Union's most frequently cited loan duration was 30 Year, with 128 originations. The 2nd most popular length was 20 Year, with 75 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 250 $54,720,000 $218,880

    Alliance Credit Union's average total fees were $6,209, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 250 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 80 $18,780,000 $234,750
    5-6% 56 $11,730,000 $209,464
    3-4% 53 $13,215,000 $249,340
    6-7% 43 $7,465,000 $173,605
    2.5-3% 24 $7,040,000 $293,333
    7-8% 6 $630,000 $105,000
    <2.5% 5 $695,000 $139,000
    Over 8% 3 $125,000 $41,667

    During 2022, Alliance Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,940,000 $56,136 $1,251 5.23%
    $100k-200k 88 $12,620,000 $143,409 $4,189 4.70%
    $200k-400k 65 $18,835,000 $289,769 $6,179 4.56%
    $400k-600k 12 $5,770,000 $480,833 $4,951 4.75%
    $600k-1MM 10 $7,550,000 $755,000 $9,621 4.54%
    $1MM+ 7 $9,965,000 $1,423,571 $10,794 4.11%

    2022 saw Alliance Credit Union place emphasis on $100,000 or less loans with 88 originations, totaling $4,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 69 $12,665,000 $183,551 $3,832 4.99%
    $50k-75k 47 $6,645,000 $141,383 $3,829 4.70%
    $150k-250k 40 $13,550,000 $338,750 $5,053 4.74%
    $75k-100k 37 $6,065,000 $163,919 $4,136 4.37%
    $50k or less 33 $2,895,000 $87,727 $2,595 4.76%
    $250k+ 26 $13,020,000 $500,769 $6,012 4.64%

    Alliance Credit Union lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 52 $11,980,000 $230,385 $3,280 4.54%
    20-30% 51 $12,255,000 $240,294 $5,075 4.57%
    50-60% 28 $6,150,000 $219,643 $3,932 5.16%
    <20% 25 $6,125,000 $245,000 $5,102 4.31%
    44% 11 $1,345,000 $122,273 $2,111 4.57%
    40% 10 $1,950,000 $195,000 $4,724 5.19%
    49% 8 $1,270,000 $158,750 $3,185 5.03%
    38% 7 $715,000 $102,143 $2,252 6.16%
    43% 7 $1,145,000 $163,571 $1,808 5.63%
    48% 7 $1,265,000 $180,714 $4,071 5.04%
    42% 6 $1,480,000 $246,667 $4,742 4.71%
    37% 6 $1,570,000 $261,667 $5,101 4.94%
    41% 5 $505,000 $101,000 $3,774 4.28%
    46% 5 $1,745,000 $349,000 $6,339 4.15%
    47% 5 $1,075,000 $215,000 $4,423 4.78%
    45% 5 $865,000 $173,000 $5,079 5.25%
    36% 5 $715,000 $143,000 $4,536 4.55%
    >60% 4 $1,460,000 $365,000 $5,544 3.97%
    39% 4 $1,130,000 $282,500 $4,596 4.97%

    Alliance Credit Union lent most frequently to those with DTI ratios of 30-36%, with 52 originations. The next most common DTI ratio? 20-30%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 215 $48,315,000 $224,721 $4,195 4.75%
    Not applicable 18 $4,840,000 $268,889 $0 5.97%
    Asian 12 $3,380,000 $281,667 $4,577 5.01%
    Black 20 $2,200,000 $110,000 $2,795 4.45%
    Asian Indian 2 $480,000 $240,000 $5,590 4.25%
    Not provided 3 $465,000 $155,000 $6,432 5.13%

    Approval Rates

    Total approvals of all applications
    98.11%

    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 origination
    85.93%

    Alliance Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 270 $59,680,000 $221,037

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    270 $59,680,000 $221,037

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $4,595,000 $117,821 $1,387 5.38%
    40-60% 29 $5,525,000 $190,517 $2,995 4.53%
    60-80% 89 $25,495,000 $286,461 $6,007 4.55%
    80-100% 67 $21,585,000 $322,164 $6,478 4.69%
    Under 20% 46 $2,480,000 $53,913 $513 5.25%