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 and Refi 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, West Plains, and Jefferson City 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

    1,904

    Origination Dollar Volume (All Markets)

    $409,390,000
    Show all (10) 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) 589 $132,285,000 $224,593 $2,193 4.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 344 $109,050,000 $317,006 $4,338 3.93%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 241 $45,425,000 $188,485 $4,254 4.36%
    Outside of Metro Areas 297 $32,385,000 $109,040 $3,219 4.72%
    West Plains, MO (FHA|USDA|VA) 133 $14,345,000 $107,857 $2,988 4.54%
    JEFFERSON CITY, MO (FHA|USDA|VA) 73 $12,325,000 $168,836 $2,528 3.89%
    Stillwater, OK (FHA|USDA|VA) 2 $12,110,000 $6,055,000 $0 5.00%
    Gainesville, TX (FHA|USDA|VA) 31 $7,865,000 $253,710 $4,677 4.29%
    Durant, OK (FHA|USDA|VA) 30 $6,880,000 $229,333 $4,234 4.57%
    Bonham, TX (FHA|USDA|VA) 20 $4,820,000 $241,000 $4,098 4.14%
    Ardmore, OK (FHA|USDA|VA) 31 $4,455,000 $143,710 $3,762 4.83%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $3,640,000 $260,000 $2,563 3.91%
    Ada, OK (FHA|USDA|VA) 22 $2,940,000 $133,636 $3,254 4.35%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $2,755,000 $2,755,000 $0 4.45%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,250,000 $281,250 $3,942 4.09%
    SPRINGFIELD, MO (FHA|USDA|VA) 11 $1,985,000 $180,455 $2,715 4.01%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,885,000 $628,333 $3,615 3.54%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,375,000 $458,333 $6,384 4.29%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $870,000 $435,000 $4,053 4.19%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $845,000 $169,000 $2,814 3.93%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $785,000 $785,000 $6,463 4.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $740,000 $370,000 $2,540 4.43%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $535,000 $535,000 $4,705 4.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $500,000 $125,000 $3,602 4.72%
    WILMINGTON, NC (FHA|USDA|VA) 1 $485,000 $485,000 $4,343 3.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $3,618 3.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 3.88%
    Lebanon, MO (FHA|USDA|VA) 4 $420,000 $105,000 $2,994 5.16%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $415,000 $415,000 $5,304 3.88%
    WICHITA, KS (FHA|USDA|VA) 1 $405,000 $405,000 $2,818 3.75%
    JACKSON, MS (FHA|USDA|VA) 2 $360,000 $180,000 $3,174 3.25%
    Shawnee, OK (FHA|USDA|VA) 2 $340,000 $170,000 $4,832 5.13%
    JOPLIN, MO (FHA|USDA|VA) 1 $335,000 $335,000 $4,142 3.75%
    Mexico, MO (FHA|USDA|VA) 2 $330,000 $165,000 $2,080 3.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $2,033 3.38%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $3,542 4.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $225,000 $225,000 $1,971 3.50%
    St. Marys, GA (FHA|USDA|VA) 1 $225,000 $225,000 $6,937 3.75%
    Mountain Home, AR (FHA|USDA|VA) 3 $195,000 $65,000 $3,035 5.13%
    TULSA, OK (FHA|USDA|VA) 1 $185,000 $185,000 $4,225 4.25%
    Rockport, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,597 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,929 4.50%
    Paris, TX (FHA|USDA|VA) 2 $110,000 $55,000 $0 4.50%
    Moberly, MO (FHA|USDA|VA) 2 $110,000 $55,000 $1,722 3.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $95,000 $95,000 $3,221 4.13%
    Batesville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,213 4.13%
    Jamestown, ND (FHA|USDA|VA) 1 $85,000 $85,000 $3,457 3.88%
    PEORIA, IL (FHA|USDA|VA) 1 $85,000 $85,000 $3,114 4.00%
    Sedalia, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,466 3.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $45,000 $45,000 $2,251 3.50%
    Landmark Bank's top markets include Columbia, Dallas, Sherman, West Plains, and Jefferson City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Colorado (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.

    WEST COMMUNITY
    Similarity Rank: 45
    American Bank of Missouri
    Similarity Rank: 63
    COMMUNICATION
    Similarity Rank: 95
    BancFirst
    Similarity Rank: 102
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    Southern Bank
    Similarity Rank: 222
    F & M Bank
    Similarity Rank: 272
    MISSOURI Credit Union
    Similarity Rank: 304
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,842 $396,550,000 $215,282 $3,211 4.23%
    USDA 34 $4,390,000 $129,118 $4,597 4.00%
    VA 28 $8,450,000 $301,786 $3,970 3.72%

    For 2019, Landmark Bank's most frequently originated type of loan was Conventional, with 1,842 originations. Their 2nd most popular type was USDA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,038 $230,460,000 $222,023 $3,557 4.35%
    Refi 475 $118,095,000 $248,621 $2,640 3.76%
    Cash Out Refi 322 $55,410,000 $172,081 $3,322 4.37%
    Home Improvement 35 $2,705,000 $77,286 $3,260 4.99%
    Other 34 $2,720,000 $80,000 $2,906 4.47%

    For 2019, Landmark Bank's most frequently cited loan purpose was Home Purchase, with 1,038 originations. The 2nd most popular reason was Refi, with 475 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,183 $270,505,000 $228,660 $3,443 4.11%
    15 Year 348 $69,700,000 $200,287 $2,935 3.75%
    5 Year 146 $25,360,000 $173,699 $1,756 5.31%
    20 Year 79 $13,805,000 $174,747 $3,270 4.12%
    Other 58 $19,700,000 $339,655 $1,963 5.07%
    10 Year 46 $4,620,000 $100,435 $2,378 4.73%
    3 Year 24 $1,700,000 $70,833 $0 5.79%
    1 Year 20 $4,000,000 $200,000 $1,524 5.63%

    For 2019, Landmark Bank's most frequently cited loan duration was 30 Year, with 1,183 originations. The 2nd most popular length was 15 Year, with 348 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,218 $253,580,000 $208,194
    $<1k 396 $96,060,000 $242,576
    $2k-3k 16 $5,480,000 $342,500
    $3k-4k 11 $2,905,000 $264,091
    $5k+ 4 $1,680,000 $420,000
    $4k-5k 2 $540,000 $270,000

    Landmark Bank's average total fees were $3,443, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,218 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 912 $222,060,000 $243,487
    4-5% 710 $150,820,000 $212,423
    5-6% 172 $20,090,000 $116,802
    2.5-3% 52 $13,050,000 $250,962
    6-7% 52 $3,150,000 $60,577
    7-8% 6 $220,000 $36,667

    During 2019, Landmark Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 912 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 627 $174,235,000 $277,887 $3,482 3.93%
    $100k-200k 610 $88,880,000 $145,705 $3,049 4.17%
    $100,000 or less 478 $30,390,000 $63,577 $2,734 4.79%
    $400k-600k 149 $68,015,000 $456,477 $3,537 3.83%
    $600k-1MM 29 $21,195,000 $730,862 $6,510 4.00%
    $1MM+ 11 $26,675,000 $2,425,000 $7,210 4.31%

    2019 saw Landmark Bank place emphasis on $200k-400k loans with 627 originations, totaling $174,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 377 $57,085,000 $151,419 $3,175 4.26%
    $100k-150k 359 $85,375,000 $237,813 $3,366 4.05%
    $50k or less 324 $31,180,000 $96,235 $2,934 4.46%
    $75k-100k 276 $50,870,000 $184,312 $3,344 4.18%
    $150k-250k 250 $76,250,000 $305,000 $3,350 4.01%
    $250k+ 139 $53,905,000 $387,806 $3,612 4.05%

    Landmark Bank lent most frequently to those with incomes in the $50k-75k range, with 377 originations. The second most popular income band? $100k-150k, with 359 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 454 $96,290,000 $212,093 $2,995 3.96%
    30-36% 312 $69,860,000 $223,910 $3,317 4.03%
    <20% 205 $41,805,000 $203,927 $2,968 3.97%
    44% 69 $13,545,000 $196,304 $3,453 4.17%
    40% 68 $16,150,000 $237,500 $3,177 4.15%
    42% 61 $11,395,000 $186,803 $3,577 4.07%
    38% 60 $12,680,000 $211,333 $3,454 4.02%
    41% 59 $12,585,000 $213,305 $3,472 4.19%
    36% 59 $12,365,000 $209,576 $3,031 4.01%
    39% 52 $9,850,000 $189,423 $3,782 4.32%
    37% 50 $9,170,000 $183,400 $3,267 4.17%
    43% 46 $9,280,000 $201,739 $3,072 4.21%
    45% 45 $10,325,000 $229,444 $3,600 3.97%
    49% 29 $7,275,000 $250,862 $4,113 4.12%
    47% 27 $5,625,000 $208,333 $3,433 4.24%
    46% 26 $5,790,000 $222,692 $3,527 4.17%
    48% 26 $6,430,000 $247,308 $3,772 3.83%
    >60% 23 $5,365,000 $233,261 $2,619 4.18%
    50-60% 12 $2,270,000 $189,167 $3,712 4.32%

    Landmark Bank lent most frequently to those with DTI ratios of 20-30%, with 454 originations. The next most common DTI ratio? 30-36%, with 312 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,549 $309,735,000 $199,958 $3,271 4.20%
    Not applicable 88 $31,890,000 $362,386 $0 5.30%
    Not provided 126 $30,000,000 $238,095 $3,416 4.00%
    Asian 62 $18,450,000 $297,581 $2,894 3.81%
    Asian Indian 22 $7,970,000 $362,273 $1,563 3.51%
    Black 22 $5,500,000 $250,000 $3,130 4.19%
    American Indian 24 $3,680,000 $153,333 $3,752 4.18%
    Other Asian 2 $610,000 $305,000 $4,351 3.94%
    Korean 2 $600,000 $300,000 $4,365 3.88%
    Native Hawaiian or Islander 5 $465,000 $93,000 $4,791 5.58%
    Native Hawaiian 1 $355,000 $355,000 $2,482 3.25%
    Chinese 1 $135,000 $135,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    88.73%

    Landmark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.47%

    Landmark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,904 $409,390,000 $215,016

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $22,465,000 $1,497,667
    Single Family (1-4 Units):Manufactured 72 $6,570,000 $91,250
    Single Family (1-4 Units):Site-Built 1,817 $380,355,000 $209,331

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $11,885,000 $115,388 $2,733 4.31%
    40-60% 224 $40,970,000 $182,902 $3,133 4.08%
    60-80% 732 $179,960,000 $245,847 $3,167 4.17%
    80-100% 777 $170,925,000 $219,981 $3,499 4.24%
    Over 100% 9 $2,155,000 $239,444 $6,403 3.79%
    Under 20% 57 $2,925,000 $51,316 $1,618 4.94%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%