The Callaway Bank Mortgage Rates, Fees & Info
Fulton, MOLEI: 254900H0KR1EP2IS0Y73
Tax ID: 43-0204426
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Mortgage Data
Review & Overview
The Callaway Bank is a smaller bank specializing in Home Purchase loans. The Callaway Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, St. Louis, Kansas City, and Springfield among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Callaway Bank 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.71% | 4/21/24 |
| 30 Year Conventional Refi | 6.48% | 4/21/24 |
| 30 Year Cash-out Refi | 6.97% | 4/21/24 |
| 15 Year Conventional Purchase | 6.10% | 4/21/24 |
| 15 Year Conventional Refi | 5.95% | 4/21/24 |
| 15 Year Cash-out Refi | 5.95% | 4/21/24 |
| 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. | ||
The Callaway Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
130Origination Dollar Volume (All Markets)
$24,250,000Top 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 |
|---|---|---|---|---|---|
| COLUMBIA, MO (FHA|USDA|VA) | 61 | $12,335,000 | $202,213 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 57 | $8,635,000 | $151,491 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Callaway 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $24,250,000 | $186,538 | $0 | 0.00% |
For 2023, The Callaway Bank's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2023, The Callaway Bank's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $24,250,000 | $186,538 | $0 | 0.00% |
For 2023, The Callaway Bank's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2023 saw The Callaway Bank place emphasis on $100k-200k loans with 44 originations, totaling $6,520,000 in origination value.
Applicant Income
The Callaway Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $24,250,000 | $186,538 | $0 | 0.00% |
The Callaway Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.32%
The Callaway Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.23%
The Callaway Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $24,250,000 | $186,538 |