Great Southern Bank Mortgage Rates, Fees & Info
Reeds Spring, MOLEI: 1TMVIO1SD0RLIPEIW803
Tax ID: 44-0267430
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Mortgage Data
Review & Overview
Great Southern Bank is a smaller bank specializing in Home Purchase loans. Great Southern Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Houston, Kansas City, and Sioux City among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)Great Southern Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Great Southern Bank 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.81% | 4/5/25 |
| 30 Year Conventional Purchase | 6.82% | 4/5/25 |
| 30 Year Conventional Refi | 6.78% | 4/5/25 |
| 30 Year Cash-out Refi | 6.78% | 4/5/25 |
| 30 Year FHA Purchase | 7.05% | 4/5/25 |
| 30 Year FHA Refi | 6.59% | 4/5/25 |
| 30 Year VA Purchase | 6.42% | 4/5/25 |
| 30 Year USDA Purchase | 6.94% | 4/5/25 |
| 15 Year Conventional Purchase | 6.28% | 4/5/25 |
| 15 Year Conventional Refi | 6.54% | 4/5/25 |
| 15 Year Cash-out Refi | 6.54% | 4/5/25 |
| 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. | ||
Great Southern Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,241Origination Dollar Volume (All Markets)
$272,555,000Awards
Great Southern Bank - 2024
Great Southern Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Great Southern Bank's average 30 year fixed mortgage rate was
6.66%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.11%.
Relative Fees (Closing Costs)
Great Southern Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,706.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 475 | $96,095,000 | $202,305 | $3,068 | 6.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 177 | $51,085,000 | $288,616 | $3,664 | 7.10% |
| Outside of Metro Areas | 188 | $28,960,000 | $154,043 | $3,346 | 7.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $19,375,000 | $6,458,333 | $10,446 | 6.90% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 50 | $12,420,000 | $248,400 | $2,361 | 7.15% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 78 | $11,230,000 | $143,974 | $3,363 | 6.81% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 51 | $7,275,000 | $142,647 | $3,198 | 6.89% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 26 | $5,140,000 | $197,692 | $1,371 | 7.37% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 26 | $4,980,000 | $191,538 | $2,643 | 6.64% |
| JOPLIN, MO (FHA|USDA|VA) | 31 | $4,215,000 | $135,968 | $2,850 | 7.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $2,770,000 | $1,385,000 | $6,861 | 7.31% |
| Branson, MO (FHA|USDA|VA) | 23 | $2,605,000 | $113,261 | $2,537 | 7.06% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $3,974 | 7.10% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $3,306 | 6.73% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $3,102 | 7.13% |
| Oskaloosa, IA (FHA|USDA|VA) | 10 | $1,530,000 | $153,000 | $4,265 | 6.51% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $2,885 | 6.66% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $11,517 | 6.75% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 7.00% |
| Pella, IA (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $3,269 | 7.42% |
| Lebanon, MO (FHA|USDA|VA) | 8 | $780,000 | $97,500 | $1,809 | 7.09% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 7.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,870 | 6.19% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,215 | 7.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,404 | 6.75% |
| West Plains, MO (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $2,491 | 6.67% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,599 | 7.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,548 | 7.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,106 | 6.63% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,186 | 7.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,988 | 6.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 7.75% |
| Ottawa, KS (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $4,272 | 6.63% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,751 | 6.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,892 | 7.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,949 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,013 | 7.63% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,169 | 6.63% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,386 | 6.38% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,063 | 5.99% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,559 | 7.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,114 | 6.99% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,738 | 6.75% |
| Harrison, AR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,160 | 7.50% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,766 | 6.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,386 | 6.50% |
| Parsons, KS (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $4,576 | 7.04% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,111 | 6.50% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,007 | 6.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,973 | 6.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,618 | 6.49% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,907 | 7.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,913 | 7.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,986 | 6.38% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,227 | 6.50% |
| Farmington, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,015 | 7.13% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,125 | 6.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,060 | 6.38% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.13% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,508 | 6.88% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,435 | 7.00% |
| Miami, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,854 | 5.99% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $299 | 8.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Great Southern Bank 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
For 2024, Great Southern Bank's most frequently originated type of loan was Conventional, with 794 originations. Their 2nd most popular type was HELOC, with 334 originations.
Loan Reason
For 2024, Great Southern Bank's most frequently cited loan purpose was Home Purchase, with 671 originations. The 2nd most popular reason was Other, with 195 originations.
Loan Duration/Length
For 2024, Great Southern Bank's most frequently cited loan duration was 30 Year, with 721 originations. The 2nd most popular length was 10 Year, with 368 originations.
Origination Fees/Closing Costs
Great Southern Bank's average total fees were $3,706, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 537 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 590 | $91,750,000 | $155,508 |
| 6-7% | 500 | $125,070,000 | $250,140 |
| 5-6% | 109 | $23,215,000 | $212,982 |
| Over 8% | 40 | $32,190,000 | $804,750 |
| 4-5% | 1 | $125,000 | $125,000 |
During 2024, Great Southern Bank's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 7-8%, with 590 originations.
Loan Sizing
2024 saw Great Southern Bank place emphasis on $100,000 or less loans with 402 originations, totaling $20,080,000 in origination value.
Applicant Income
Great Southern Bank lent most frequently to those with incomes in the $50k-75k range, with 247 originations. The second most popular income band? $100k-150k, with 240 originations.
Applicant Debt to Income Ratio
Great Southern Bank lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 219 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.82%
Great Southern Bank has a below average approval rate.
Pick Rate
Approvals leading to origination81.87%
Great Southern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,241 | $272,555,000 | $219,625 |