Freedom Bank Of Southern Missouri Mortgage Rates, Fees & Info
Cassville, MOLEI: 2549007RR4DXYXPJCZ82
Tax ID: 43-1862603
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Mortgage Data
Review & Overview
Freedom Bank Of Southern Missouri is a smaller bank specializing in Home Purchase and Refi loans. Freedom Bank Of Southern Missouri has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Joplin, Pittsburg, Branson, and Fayetteville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Freedom Bank Of Southern Missouri 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.
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Originations
267Origination Dollar Volume (All Markets)
$53,505,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 196 | $29,770,000 | $151,888 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 47 | $15,955,000 | $339,468 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 13 | $5,455,000 | $419,615 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 267 | $53,505,000 | $200,393 | $0 | 0.00% |
For 2024, Freedom Bank Of Southern Missouri's most frequently originated type of loan was Conventional, with 267 originations.
Loan Reason
For 2024, Freedom Bank Of Southern Missouri's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 91 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 267 | $53,505,000 | $200,393 | $0 | 0.00% |
For 2024, Freedom Bank Of Southern Missouri's most frequently cited loan duration was Other, with 267 originations.
Loan Sizing
2024 saw Freedom Bank Of Southern Missouri place emphasis on $100,000 or less loans with 105 originations, totaling $5,755,000 in origination value.
Applicant Income
Freedom Bank Of Southern Missouri lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $100k-150k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 267 | $53,505,000 | $200,393 | $0 | 0.00% |
Freedom Bank Of Southern Missouri lent most frequently to those with DTI ratios of Exempt%, with 267 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.08%
Freedom Bank Of Southern Missouri has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.26%
Freedom Bank Of Southern Missouri has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 267 | $53,505,000 | $200,393 |