Hawthorn Bank Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 54930023DLYUOD6GKQ42

Tax ID: 44-0241200

5 stars - Updated: 5/20/24 - out of 5 stars, based on 31 reviews

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

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Mortgage Data

Review & Overview

Hawthorn Bank is a smaller bank specializing in Home Purchase loans. Hawthorn Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, Kansas City, Springfield, Jefferson City, and St. Louis among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hawthorn 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. Hawthorn 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 6.66% 5/20/24
30 Year Conventional Refi 6.73% 5/20/24
30 Year Cash-out Refi 7.04% 5/20/24
30 Year FHA Purchase 7.33% 5/20/24
30 Year VA Purchase 6.25% 5/20/24
30 Year VA Refi 6.04% 5/20/24
30 Year USDA Purchase 6.81% 5/20/24
15 Year Conventional Purchase 6.01% 5/20/24
15 Year Conventional Refi 6.30% 5/20/24
15 Year Cash-out Refi 6.30% 5/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Hawthorn Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hawthorn Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

931

Origination Dollar Volume (All Markets)

$213,165,000
Show all (12) awards

Relative Rate

Hawthorn Bank's average 30 year fixed mortgage rate was 6.69%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Hawthorn Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,736.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 146 $39,260,000 $268,904 $2,918 7.51%
KANSAS CITY, MO-KS (FHA|USDA|VA) 152 $37,520,000 $246,842 $3,847 7.27%
Outside of Metro Areas 227 $34,335,000 $151,256 $3,660 7.65%
SPRINGFIELD, MO (FHA|USDA|VA) 136 $33,450,000 $245,956 $4,109 6.82%
JEFFERSON CITY, MO (FHA|USDA|VA) 132 $26,940,000 $204,091 $3,290 7.62%
ST. LOUIS, MO-IL (FHA|USDA|VA) 61 $18,965,000 $310,902 $4,204 6.65%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $3,705,000 $3,705,000 $0 7.74%
Fort Leonard Wood, MO (FHA|USDA|VA) 19 $3,145,000 $165,526 $3,322 8.25%
Branson, MO (FHA|USDA|VA) 17 $2,915,000 $171,471 $3,454 7.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 8.25%
Warrensburg, MO (FHA|USDA|VA) 9 $2,005,000 $222,778 $3,666 6.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 7.74%
Lebanon, MO (FHA|USDA|VA) 3 $825,000 $275,000 $3,262 6.46%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $790,000 $395,000 $7,702 6.81%
Emporia, KS (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.50%
Rolla, MO (FHA|USDA|VA) 5 $505,000 $101,000 $2,426 7.60%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,902 7.50%
TOPEKA, KS (FHA|USDA|VA) 2 $470,000 $235,000 $5,872 7.49%
Moberly, MO (FHA|USDA|VA) 1 $355,000 $355,000 $2,784 6.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $335,000 $335,000 $8,216 5.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $285,000 $285,000 $8,308 6.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,536 5.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,668 7.88%
Poplar Bluff, MO (FHA|USDA|VA) 1 $245,000 $245,000 $2,963 6.50%
Harrison, AR (FHA|USDA|VA) 1 $235,000 $235,000 $8,605 5.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,731 5.25%
Sedalia, MO (FHA|USDA|VA) 2 $210,000 $105,000 $4,509 7.12%
Mexico, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,576 6.38%
Cleveland, MS (FHA|USDA|VA) 1 $145,000 $145,000 $3,270 6.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $65,000 $65,000 $2,997 8.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $3,409 6.88%
Hawthorn Bank's top markets include Columbia, Kansas City, Springfield, Jefferson City, and St. Louis among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Similar Lenders

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

    BLUCURRENT
    Similarity Rank: 56
    MISSOURI Credit Union
    Similarity Rank: 204
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 280
    1ST MIDAMERICA
    Similarity Rank: 286
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360
    VANTAGE Credit Union
    Similarity Rank: 371

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 578 $165,890,000 $287,007 $3,101 7.09%
    HELOC 253 $21,435,000 $84,723 n/a 8.35%
    FHA 66 $16,350,000 $247,727 $7,129 6.18%
    VA 20 $6,730,000 $336,500 $5,909 6.46%
    USDA 14 $2,760,000 $197,143 $4,382 6.34%

    For 2023, Hawthorn Bank's most frequently originated type of loan was Conventional, with 578 originations. Their 2nd most popular type was HELOC, with 253 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 572 $170,480,000 $298,042 $3,823 6.93%
    Other 264 $22,980,000 $87,045 $2,587 8.30%
    Refi 44 $10,980,000 $249,545 $3,056 7.01%
    Cash Out Refi 36 $6,860,000 $190,556 $3,554 6.96%
    Home Improvement 15 $1,865,000 $124,333 $4,673 8.28%

    For 2023, Hawthorn Bank's most frequently cited loan purpose was Home Purchase, with 572 originations. The 2nd most popular reason was Other, with 264 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 526 $149,580,000 $284,373 $3,736 6.69%
    20 Year 276 $24,490,000 $88,732 $1,978 8.31%
    Other 58 $14,710,000 $253,621 $3,035 8.02%
    5 Year 20 $6,310,000 $315,500 $0 7.83%
    10 Year 17 $3,525,000 $207,353 $0 8.92%
    30+ year 12 $7,230,000 $602,500 $5,426 7.25%
    15 Year 10 $2,850,000 $285,000 $2,273 6.57%
    1 Year 9 $1,655,000 $183,889 $0 8.43%
    3 Year 3 $2,815,000 $938,333 $0 8.24%

    For 2023, Hawthorn Bank's most frequently cited loan duration was 30 Year, with 526 originations. The 2nd most popular length was 20 Year, with 276 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 418 $122,790,000 $293,756
    $1k-2k 89 $21,435,000 $240,843
    $2k-3k 10 $5,550,000 $555,000
    $3k-4k 6 $2,000,000 $333,333
    $5k+ 5 $1,855,000 $371,000
    $4k-5k 4 $1,010,000 $252,500

    Hawthorn Bank's average total fees were $3,736, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 418 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 332 $92,680,000 $279,157
    Over 8% 276 $35,390,000 $128,225
    7-8% 216 $56,920,000 $263,519
    5-6% 107 $28,175,000 $263,318

    During 2023, Hawthorn Bank's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 332 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 283 $14,715,000 $51,996 $2,656 8.09%
    $200k-400k 270 $75,750,000 $280,556 $4,408 6.88%
    $100k-200k 255 $37,465,000 $146,922 $3,132 7.21%
    $400k-600k 80 $38,380,000 $479,750 $3,557 6.80%
    $600k-1MM 30 $21,880,000 $729,333 $3,493 7.13%
    $1MM+ 13 $24,975,000 $1,921,154 $6,307 7.43%

    2023 saw Hawthorn Bank place emphasis on $100,000 or less loans with 283 originations, totaling $14,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 178 $37,710,000 $211,854 $3,908 7.49%
    $150k-250k 152 $45,280,000 $297,895 $3,914 7.22%
    $75k-100k 136 $25,740,000 $189,265 $4,390 7.13%
    $50k-75k 135 $20,305,000 $150,407 $3,434 6.99%
    $50k or less 130 $13,110,000 $100,846 $3,064 7.27%
    $250k+ 78 $38,790,000 $497,308 $3,711 7.62%

    Hawthorn Bank lent most frequently to those with incomes in the $100k-150k range, with 178 originations. The second most popular income band? $150k-250k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 176 $35,510,000 $201,761 $3,046 7.41%
    30-36% 143 $32,705,000 $228,706 $3,915 7.23%
    <20% 88 $10,270,000 $116,705 $3,167 7.82%
    36% 47 $10,595,000 $225,426 $3,678 7.19%
    38% 40 $11,530,000 $288,250 $4,189 7.11%
    41% 37 $7,055,000 $190,676 $3,599 7.49%
    39% 36 $7,400,000 $205,556 $3,613 7.00%
    40% 35 $7,025,000 $200,714 $3,607 6.98%
    43% 34 $11,660,000 $342,941 $3,529 6.95%
    42% 32 $9,680,000 $302,500 $3,540 6.84%
    37% 28 $5,280,000 $188,571 $3,077 7.06%
    44% 23 $5,685,000 $247,174 $3,931 7.04%
    50-60% 18 $4,790,000 $266,111 $5,482 6.69%
    47% 15 $4,695,000 $313,000 $3,446 6.73%
    45% 15 $4,265,000 $284,333 $5,445 6.37%
    46% 14 $4,740,000 $338,571 $3,510 7.02%
    48% 11 $2,635,000 $239,545 $5,202 6.75%
    49% 10 $2,840,000 $284,000 $7,111 6.77%

    Hawthorn Bank lent most frequently to those with DTI ratios of 20-30%, with 176 originations. The next most common DTI ratio? 30-36%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 753 $162,975,000 $216,434 $3,750 7.25%
    Not applicable 96 $28,500,000 $296,875 $0 8.20%
    Not provided 45 $9,735,000 $216,333 $3,702 7.33%
    Asian 21 $8,075,000 $384,524 $2,953 6.86%
    Black 12 $3,380,000 $281,667 $5,553 7.44%
    American Indian 2 $410,000 $205,000 $2,999 6.62%
    Native Hawaiian or Islander 2 $90,000 $45,000 $0 8.63%

    Approval Rates

    Total approvals of all applications
    89.29%

    Hawthorn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.71%

    Hawthorn Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 931 $213,165,000 $228,963

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    931 $213,165,000 $228,963

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 130 $18,400,000 $141,538 $2,613 7.85%
    40-60% 107 $26,275,000 $245,561 $3,033 7.45%
    60-80% 200 $56,530,000 $282,650 $3,420 7.35%
    80-100% 357 $104,625,000 $293,067 $4,061 6.77%
    Over 100% 3 $985,000 $328,333 $13,301 6.71%
    Under 20% 134 $6,350,000 $47,388 $2,069 8.31%