O'bannon Banking Company Mortgage Rates, Fees & Info

Buffalo, MO

LEI: 254900VPLEP8CE1FD910

Tax ID: 44-0375180

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    O'bannon Banking Company is a smaller bank specializing in Home Purchase and Refi loans. O'bannon Banking Company has a high proportion of conventional loans. Their top (well, only) market is Springfield.

    O'bannon Banking Company has an 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

    83

    Origination Dollar Volume (All Markets)

    $9,335,000

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 74 $8,470,000 $114,459 $0 0.00%
    Outside of Metro Areas 9 $865,000 $96,111 $0 0.00%
    O'bannon Banking Company's top markets include and Springfield among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $9,335,000 $112,470 $0 0.00%

    For 2019, O'bannon Banking Company's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $6,140,000 $118,077 $0 0.00%
    Refi 24 $2,780,000 $115,833 $0 0.00%
    Other 5 $255,000 $51,000 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2019, O'bannon Banking Company's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $9,335,000 $112,470 $0 0.00%

    For 2019, O'bannon Banking Company's most frequently cited loan duration was Other, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $2,885,000 $50,614 $0 0.00%
    $100k-200k 19 $2,795,000 $147,105 $0 0.00%
    $200k-400k 3 $885,000 $295,000 $0 0.00%
    $400k-600k 3 $1,285,000 $428,333 $0 0.00%
    $1MM+ 1 $1,485,000 $1,485,000 $0 0.00%

    2019 saw O'bannon Banking Company place emphasis on $100,000 or less loans with 57 originations, totaling $2,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,785,000 $66,111 $0 0.00%
    $75k-100k 11 $1,455,000 $132,273 $0 0.00%
    $100k-150k 7 $695,000 $99,286 $0 0.00%
    $50k-75k 7 $625,000 $89,286 $0 0.00%
    $150k-250k 2 $610,000 $305,000 $0 0.00%
    $250k+ 1 $165,000 $165,000 $0 0.00%

    O'bannon Banking Company lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 83 $9,335,000 $112,470 $0 0.00%

    O'bannon Banking Company lent most frequently to those with DTI ratios of Exempt%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $5,770,000 $103,036 $0 0.00%
    Not applicable 27 $3,565,000 $132,037 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.52%

    O'bannon Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.75%

    O'bannon Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 83 $9,335,000 $112,470

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,890,000 $945,000
    Single Family (1-4 Units):Manufactured 10 $400,000 $40,000
    Single Family (1-4 Units):Site-Built 71 $7,045,000 $99,225

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    OPEN MORTGAGE LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%