The Bank Of Old Monroe Mortgage Rates, Fees & Info
Old Monroe, MOLEI: 254900PKDTFIJ2XB1675
Tax ID: 43-0170170
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The Bank Of Old Monroe is a smaller bank specializing in Home Purchase loans. The Bank Of Old Monroe has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Kirksville, Phoenix, Cullowhee, and Lake Havasu City among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Old Monroe 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
239Origination Dollar Volume (All Markets)
$50,445,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 211 | $45,485,000 | $215,569 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $2,960,000 | $185,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 239 | $50,445,000 | $211,067 | $0 | 0.00% |
For 2023, The Bank Of Old Monroe's most frequently originated type of loan was Conventional, with 239 originations.
Loan Reason
For 2023, The Bank Of Old Monroe's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Home Improvement, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 239 | $50,445,000 | $211,067 | $0 | 0.00% |
For 2023, The Bank Of Old Monroe's most frequently cited loan duration was Other, with 239 originations.
Loan Sizing
2023 saw The Bank Of Old Monroe place emphasis on $100k-200k loans with 83 originations, totaling $12,095,000 in origination value.
Applicant Income
The Bank Of Old Monroe lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 239 | $50,445,000 | $211,067 | $0 | 0.00% |
The Bank Of Old Monroe lent most frequently to those with DTI ratios of Exempt%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.21%
The Bank Of Old Monroe has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.10%
The Bank Of Old Monroe has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 239 | $50,445,000 | $211,067 |