The Tipton Latham Bank Mortgage Rates, Fees & Info

Tipton, MO

LEI: 5493000SHD1NU031PX30

Tax ID: 43-1294800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Tipton Latham Bank is a smaller bank specializing in Home Purchase and Refi loans. The Tipton Latham Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jefferson City, Columbia, Kansas City, and Sedalia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Tipton Latham Bank has an average approval rate when compared to the average across all 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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    Originations

    29

    Origination Dollar Volume (All Markets)

    $7,995,000

    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
    JEFFERSON CITY, MO (FHA|USDA|VA) 17 $3,875,000 $227,941 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 4 $2,230,000 $557,500 $0 0.00%
    Outside of Metro Areas 4 $840,000 $210,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    The Tipton Latham Bank's top markets include Jefferson City, Columbia, Kansas City, and Sedalia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $7,995,000 $275,690 $0 0.00%

    For 2023, The Tipton Latham Bank's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $5,265,000 $351,000 $0 0.00%
    Refi 10 $2,620,000 $262,000 $0 0.00%
    Home Improvement 3 $85,000 $28,333 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2023, The Tipton Latham Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $7,995,000 $275,690 $0 0.00%

    For 2023, The Tipton Latham Bank's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $520,000 $43,333 $0 0.00%
    $100k-200k 7 $1,045,000 $149,286 $0 0.00%
    $400k-600k 5 $2,255,000 $451,000 $0 0.00%
    $1MM+ 2 $2,210,000 $1,105,000 $0 0.00%
    $600k-1MM 2 $1,750,000 $875,000 $0 0.00%
    $200k-400k 1 $215,000 $215,000 $0 0.00%

    2023 saw The Tipton Latham Bank place emphasis on $100,000 or less loans with 12 originations, totaling $520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $2,500,000 $312,500 $0 0.00%
    $50k or less 6 $290,000 $48,333 $0 0.00%
    $75k-100k 6 $1,210,000 $201,667 $0 0.00%
    $150k-250k 2 $610,000 $305,000 $0 0.00%
    $50k-75k 2 $130,000 $65,000 $0 0.00%
    $250k+ 1 $895,000 $895,000 $0 0.00%

    The Tipton Latham Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 29 $7,995,000 $275,690 $0 0.00%

    The Tipton Latham Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $5,635,000 $225,400 $0 0.00%
    Not applicable 4 $2,360,000 $590,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.29%

    The Tipton Latham Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 29 $7,995,000 $275,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    29 $7,995,000 $275,690