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
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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, Mexico, North Port, Kansas City, and Fort Leonard Wood among others. We have data for 12 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.
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Originations
268Origination Dollar Volume (All Markets)
$69,540,000Top 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) | 238 | $60,840,000 | $255,630 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $5,495,000 | $323,235 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 268 | $69,540,000 | $259,478 | $0 | 0.00% |
For 2022, The Bank Of Old Monroe's most frequently originated type of loan was Conventional, with 268 originations.
Loan Reason
For 2022, The Bank Of Old Monroe's most frequently cited loan purpose was Home Purchase, with 177 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 268 | $69,540,000 | $259,478 | $0 | 0.00% |
For 2022, The Bank Of Old Monroe's most frequently cited loan duration was Other, with 268 originations.
Loan Sizing
2022 saw The Bank Of Old Monroe place emphasis on $100k-200k loans with 90 originations, totaling $13,510,000 in origination value.
Applicant Income
The Bank Of Old Monroe lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 268 | $69,540,000 | $259,478 | $0 | 0.00% |
The Bank Of Old Monroe lent most frequently to those with DTI ratios of Exempt%, with 268 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.77%
The Bank Of Old Monroe has an average approval rate.
Pick Rate
Approvals leading to origination80.22%
The Bank Of Old Monroe has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 268 | $69,540,000 | $259,478 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |