Freedom Bank Of Southern Missouri Mortgage Rates, Fees & Info

Cassville, MO

LEI: 2549007RR4DXYXPJCZ82

Tax ID: 43-1862603

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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: Joplin, Springfield, North Port, Fayetteville, and Sebring among others. We have data for 8 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 a below average pick rate when compared to similar lenders.

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Originations

214

Origination Dollar Volume (All Markets)

$38,950,000

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
Outside of Metro Areas	173	$27,485,000	$158,873	$0	0.00%
JOPLIN, MO (FHA\|USDA\|VA)	14	$6,120,000	$437,143	$0	0.00%
SPRINGFIELD, MO (FHA\|USDA\|VA)	21	$3,595,000	$171,190	$0	0.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$705,000	$705,000	$0	0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	0.00%
SEBRING-AVON PARK, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
Branson, MO (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

Freedom Bank Of Southern Missouri's top markets include Joplin, Springfield, North Port, Fayetteville, and Sebring among others.

Their top states include:

Missouri (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	214	$38,950,000	$182,009	$0	0.00%

For 2023, Freedom Bank Of Southern Missouri's most frequently originated type of loan was Conventional, with 214 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	102	$21,590,000	$211,667	$0	0.00%
Refi	64	$13,450,000	$210,156	$0	0.00%
Other	27	$2,435,000	$90,185	$0	0.00%
Home Improvement	21	$1,475,000	$70,238	$0	0.00%

For 2023, Freedom Bank Of Southern Missouri's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 64 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	214	$38,950,000	$182,009	$0	0.00%

For 2023, Freedom Bank Of Southern Missouri's most frequently cited loan duration was Other, with 214 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	93	$5,305,000	$57,043	$0	0.00%
$100k-200k	62	$8,710,000	$140,484	$0	0.00%
$200k-400k	39	$10,345,000	$265,256	$0	0.00%
$400k-600k	13	$6,055,000	$465,769	$0	0.00%
$600k-1MM	4	$2,940,000	$735,000	$0	0.00%
$1MM+	3	$5,595,000	$1,865,000	$0	0.00%

2023 saw Freedom Bank Of Southern Missouri place emphasis on $100,000 or less loans with 93 originations, totaling $5,305,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	47	$5,835,000	$124,149	$0	0.00%
$50k or less	46	$3,970,000	$86,304	$0	0.00%
$100k-150k	32	$5,750,000	$179,688	$0	0.00%
$75k-100k	29	$3,715,000	$128,103	$0	0.00%
$250k+	15	$4,235,000	$282,333	$0	0.00%
$150k-250k	14	$4,170,000	$297,857	$0	0.00%

Freedom Bank Of Southern Missouri lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $50k or less, with 46 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	214	$38,950,000	$182,009	$0	0.00%

Freedom Bank Of Southern Missouri lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	170	$25,300,000	$148,824	$0	0.00%
Not applicable	28	$11,040,000	$394,286	$0	0.00%
Not provided	12	$2,100,000	$175,000	$0	0.00%
American Indian	3	$425,000	$141,667	$0	0.00%
Black	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.92%

Freedom Bank Of Southern Missouri has an average approval rate.

Pick Rate

Approvals leading to origination
86.45%

Freedom Bank Of Southern Missouri has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	214	$38,950,000	$182,009

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	214	$38,950,000	$182,009