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 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.
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Originations
270Origination Dollar Volume (All Markets)
$59,680,000Top Markets















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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% |
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.
Similarity Rank: 59
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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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications98.11%
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 origination85.93%
Alliance Credit Union has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 270 | $59,680,000 | $221,037 |