Landmark Bank Mortgage Rates, Fees & Info

COLUMBIA, MO

LEI: 5493001T5XHDLC6XNM27

Tax ID: 43-0263025

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
  • Complaints
  • Similar Lenders
  • 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

    Landmark Bank is a smaller bank specializing in Home Purchase loans. Landmark Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, Dallas, Sherman, Palestine, and West Plains among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Landmark Bank 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. Landmark Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    1,743

    Origination Dollar Volume (All Markets)

    $369,765,000
    Show all (17) awards

    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
    COLUMBIA, MO (FHA|USDA|VA) 485 $111,455,000 $229,804 $2,049 4.31%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 281 $85,465,000 $304,146 $4,715 4.24%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 237 $51,955,000 $219,219 $4,005 4.80%
    Outside of Metro Areas 316 $34,380,000 $108,797 $2,937 4.87%
    Palestine, TX (FHA|USDA|VA) 1 $13,035,000 $13,035,000 $0 4.95%
    West Plains, MO (FHA|USDA|VA) 113 $11,145,000 $98,628 $2,654 4.87%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $9,630,000 $1,605,000 $3,444 4.94%
    JEFFERSON CITY, MO (FHA|USDA|VA) 61 $9,385,000 $153,852 $2,034 4.46%
    Durant, OK (FHA|USDA|VA) 55 $8,605,000 $156,455 $3,970 4.83%
    Ardmore, OK (FHA|USDA|VA) 37 $6,545,000 $176,892 $3,820 4.89%
    Gainesville, TX (FHA|USDA|VA) 34 $6,320,000 $185,882 $4,145 4.79%
    Bonham, TX (FHA|USDA|VA) 21 $4,465,000 $212,619 $4,257 4.76%
    Ada, OK (FHA|USDA|VA) 25 $3,305,000 $132,200 $2,727 4.49%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,655,000 $331,000 $2,582 4.51%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $1,465,000 $488,333 $2,807 4.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 9 $1,345,000 $149,444 $3,019 4.76%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $840,000 $210,000 $5,385 4.22%
    Paris, TX (FHA|USDA|VA) 4 $680,000 $170,000 $3,511 4.06%
    Mexico, MO (FHA|USDA|VA) 3 $615,000 $205,000 $3,122 4.58%
    Athens, TX (FHA|USDA|VA) 2 $570,000 $285,000 $4,015 4.75%
    Moberly, MO (FHA|USDA|VA) 6 $550,000 $91,667 $1,864 4.72%
    LUBBOCK, TX (FHA|USDA|VA) 2 $510,000 $255,000 $4,120 4.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $455,000 $455,000 $3,204 4.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,806 4.13%
    WICHITA, KS (FHA|USDA|VA) 1 $395,000 $395,000 $2,390 4.75%
    BOISE CITY, ID (FHA|USDA|VA) 2 $380,000 $190,000 $5,217 4.00%
    MIDLAND, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,683 4.38%
    Mountain Home, AR (FHA|USDA|VA) 3 $325,000 $108,333 $2,515 5.25%
    MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $2,512 3.50%
    LONGVIEW, TX (FHA|USDA|VA) 2 $250,000 $125,000 $3,849 4.69%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,278 4.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $225,000 $225,000 $4,687 4.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,007 4.38%
    Brownwood, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,273 4.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,929 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $195,000 $195,000 $2,484 4.13%
    Tifton, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,118 3.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $276 4.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $165,000 $165,000 $3,303 4.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,419 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,487 4.38%
    Farmington, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,568 5.00%
    Lebanon, MO (FHA|USDA|VA) 2 $120,000 $60,000 $2,585 4.13%
    JOPLIN, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,636 5.25%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,153 4.38%
    Rolla, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,458 4.88%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $95,000 $95,000 $2,894 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $5,634 4.75%
    Shawnee, OK (FHA|USDA|VA) 1 $65,000 $65,000 $3,524 4.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,389 4.38%
    Landmark Bank's top markets include Columbia, Dallas, Sherman, Palestine, and West Plains among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Landmark Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Bank of Missouri
    Similarity Rank: 48
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    KCB Bank
    Similarity Rank: 108
    Vision Bank
    Similarity Rank: 130
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    Southern Bank
    Similarity Rank: 195
    NEIGHBORHOOD
    Similarity Rank: 200
    BancFirst
    Similarity Rank: 210
    ONLINE CENTRAL INC
    Similarity Rank: 216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,663 $353,145,000 $212,354 $3,059 4.58%
    VA 41 $11,515,000 $280,854 $6,208 4.30%
    USDA 39 $5,105,000 $130,897 $4,077 4.42%

    For 2018, Landmark Bank's most frequently originated type of loan was Conventional, with 1,663 originations. Their 2nd most popular type was VA, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,186 $273,090,000 $230,261 $3,255 4.56%
    Cash Out Refi 282 $52,770,000 $187,128 $3,224 4.64%
    Refi 177 $36,025,000 $203,531 $2,896 4.37%
    Other 56 $4,670,000 $83,393 $2,663 4.51%
    Home Improvement 42 $3,210,000 $76,429 $2,304 5.04%

    For 2018, Landmark Bank's most frequently cited loan purpose was Home Purchase, with 1,186 originations. The 2nd most popular reason was Cash Out Refi, with 282 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,143 $243,045,000 $212,638 $3,330 4.43%
    15 Year 244 $37,490,000 $153,648 $2,841 4.29%
    5 Year 114 $37,890,000 $332,368 $914 5.42%
    20 Year 78 $11,350,000 $145,513 $3,021 4.62%
    Other 54 $17,700,000 $327,778 $3,499 5.74%
    3 Year 47 $3,785,000 $80,532 $0 5.57%
    10 Year 38 $2,740,000 $72,105 $2,132 4.46%
    1 Year 24 $6,760,000 $281,667 $2,116 5.40%
    30+ year 1 $9,005,000 $9,005,000 $0 4.25%

    For 2018, Landmark Bank's most frequently cited loan duration was 30 Year, with 1,143 originations. The 2nd most popular length was 15 Year, with 244 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,111 $209,805,000 $188,843
    $<1k 314 $68,940,000 $219,554
    $2k-3k 15 $3,905,000 $260,333
    $3k-4k 8 $2,260,000 $282,500
    $4k-5k 2 $850,000 $425,000
    $5k+ 2 $2,110,000 $1,055,000

    Landmark Bank's average total fees were $3,330, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 990 $222,840,000 $225,091
    3-4% 369 $99,285,000 $269,065
    5-6% 300 $35,610,000 $118,700
    6-7% 44 $3,460,000 $78,636
    2.5-3% 37 $8,455,000 $228,514
    7-8% 2 $80,000 $40,000
    Over 8% 1 $35,000 $35,000

    During 2018, Landmark Bank's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 990 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 569 $83,195,000 $146,213 $2,997 4.56%
    $100,000 or less 545 $33,585,000 $61,624 $2,582 4.92%
    $200k-400k 497 $135,175,000 $271,982 $3,446 4.29%
    $400k-600k 88 $40,200,000 $456,818 $4,513 4.11%
    $600k-1MM 23 $17,435,000 $758,043 $4,412 4.10%
    $1MM+ 21 $60,175,000 $2,865,476 $8,345 4.37%

    2018 saw Landmark Bank place emphasis on $100k-200k loans with 569 originations, totaling $83,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 384 $55,490,000 $144,505 $3,002 4.56%
    $50k or less 371 $34,655,000 $93,410 $2,736 4.67%
    $75k-100k 279 $48,165,000 $172,634 $3,355 4.57%
    $100k-150k 276 $60,730,000 $220,036 $3,421 4.44%
    $150k-250k 182 $54,780,000 $300,989 $3,526 4.34%
    $250k+ 97 $43,425,000 $447,680 $3,964 4.24%

    Landmark Bank lent most frequently to those with incomes in the $50k-75k range, with 384 originations. The second most popular income band? $50k or less, with 371 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 344 $70,060,000 $203,663 $3,094 4.35%
    30-36% 316 $57,210,000 $181,044 $3,131 4.39%
    <20% 174 $29,440,000 $169,195 $2,596 4.28%
    42% 68 $13,280,000 $195,294 $3,033 4.60%
    39% 61 $9,585,000 $157,131 $2,883 4.36%
    37% 56 $10,980,000 $196,071 $3,064 4.49%
    43% 53 $10,575,000 $199,528 $3,642 4.57%
    40% 51 $9,305,000 $182,451 $3,508 4.29%
    41% 50 $9,400,000 $188,000 $3,789 4.43%
    38% 48 $10,230,000 $213,125 $3,351 4.55%
    44% 44 $7,830,000 $177,955 $3,298 4.71%
    45% 44 $8,350,000 $189,773 $4,232 4.68%
    >60% 42 $12,140,000 $289,048 $3,452 4.14%
    36% 41 $7,585,000 $185,000 $2,800 4.45%
    46% 33 $7,325,000 $221,970 $3,644 4.67%
    50-60% 31 $6,975,000 $225,000 $3,051 4.46%
    48% 30 $5,690,000 $189,667 $3,299 4.59%
    47% 20 $4,670,000 $233,500 $3,536 4.53%
    49% 17 $3,585,000 $210,882 $3,864 4.60%

    Landmark Bank lent most frequently to those with DTI ratios of 20-30%, with 344 originations. The next most common DTI ratio? 30-36%, with 316 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,414 $260,580,000 $184,286 $3,178 4.54%
    Not applicable 93 $57,765,000 $621,129 $0 5.47%
    Not provided 131 $28,875,000 $220,420 $2,701 4.31%
    Asian 53 $11,915,000 $224,811 $3,545 4.37%
    Black 22 $4,900,000 $222,727 $4,287 4.51%
    American Indian 22 $3,350,000 $152,273 $3,299 4.69%
    Asian Indian 4 $1,620,000 $405,000 $4,037 3.59%
    Korean 1 $455,000 $455,000 $6,976 4.99%
    Guamanian 1 $175,000 $175,000 $2,050 4.88%
    Native Hawaiian or Islander 2 $130,000 $65,000 $3,603 4.44%

    Approval Rates

    Total approvals of all applications
    87.40%

    Landmark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.90%

    Landmark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,743 $369,765,000 $212,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $335,000 $335,000
    Multifamily:Site-Built 24 $48,800,000 $2,033,333
    Single Family (1-4 Units):Manufactured 73 $5,755,000 $78,836
    Single Family (1-4 Units):Site-Built 1,645 $314,875,000 $191,413

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $10,865,000 $96,150 $2,610 4.51%
    40-60% 184 $51,400,000 $279,348 $3,083 4.42%
    60-80% 621 $135,505,000 $218,205 $3,212 4.57%
    80-100% 765 $165,215,000 $215,967 $3,272 4.59%
    Over 100% 10 $2,590,000 $259,000 $8,597 4.33%
    Under 20% 50 $4,190,000 $83,800 $1,375 4.92%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Landmark Mortgage LLC FHA mortgage Closing on a mortgage 1 100.0%