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

    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) 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%