Freedom Bank Of Southern Missouri Mortgage Rates, Fees & Info
Cassville, MOLEI: 2549007RR4DXYXPJCZ82
Tax ID: 43-1862603
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Oklahoma City, Fayetteville, and Lebanon 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 an above average pick rate when compared to similar lenders.
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Originations
272Origination Dollar Volume (All Markets)
$50,520,000Top 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 | 213 | $31,995,000 | $150,211 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 41 | $15,295,000 | $373,049 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 8 | $1,010,000 | $126,250 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 272 | $50,520,000 | $185,735 | $0 | 0.00% |
For 2022, Freedom Bank Of Southern Missouri's most frequently originated type of loan was Conventional, with 272 originations.
Loan Reason
For 2022, 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 104 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 272 | $50,520,000 | $185,735 | $0 | 0.00% |
For 2022, Freedom Bank Of Southern Missouri's most frequently cited loan duration was Other, with 272 originations.
Loan Sizing
2022 saw Freedom Bank Of Southern Missouri place emphasis on $100,000 or less loans with 112 originations, totaling $5,980,000 in origination value.
Applicant Income
Freedom Bank Of Southern Missouri lent most frequently to those with incomes in the $50k or less range, with 73 originations. The second most popular income band? $50k-75k, with 62 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 272 | $50,520,000 | $185,735 | $0 | 0.00% |
Freedom Bank Of Southern Missouri lent most frequently to those with DTI ratios of Exempt%, with 272 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.41%
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 origination93.01%
Freedom Bank Of Southern Missouri has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 272 | $50,520,000 | $185,735 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Freedom Mortgage Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 8.8% |
| Freedom Mortgage Company | Conventional home mortgage | Closing on a mortgage | 2 | 5.9% |
| Freedom Mortgage Company | Conventional home mortgage | Struggling to pay mortgage | 2 | 5.9% |
| Freedom Mortgage Company | Conventional home mortgage | Trouble during payment process | 4 | 11.8% |
| Freedom Mortgage Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Closing on a mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Struggling to pay mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Trouble during payment process | 8 | 23.5% |
| Freedom Mortgage Company | Other type of mortgage | Closing on a mortgage | 1 | 2.9% |
| Freedom Mortgage Company | Other type of mortgage | Struggling to pay mortgage | 1 | 2.9% |
| Freedom Mortgage Company | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| Freedom Mortgage Company | VA mortgage | Incorrect information on your report | 1 | 2.9% |
| Freedom Mortgage Company | VA mortgage | Trouble during payment process | 4 | 11.8% |