Hawthorn Bank Mortgage Rates, Fees & InfoJefferson City, MO
Tax ID: 44-0241200
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHawthorn Bank is a smaller bank specializing in loans. Hawthorn Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, Kansas City, Jefferson City, Springfield, and St. Louis among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)
Hawthorn Bank has an above 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 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||4/1/23|
|30 Year Conventional Purchase||6.66%||4/1/23|
|30 Year Conventional Refi||6.73%||4/1/23|
|30 Year Cash-out Refi||7.04%||4/1/23|
|30 Year FHA Purchase||7.33%||4/1/23|
|30 Year VA Purchase||6.25%||4/1/23|
|30 Year VA Refi||6.04%||4/1/23|
|30 Year USDA Purchase||6.81%||4/1/23|
|15 Year Conventional Purchase||6.01%||4/1/23|
|15 Year Conventional Refi||6.30%||4/1/23|
|15 Year Cash-out Refi||6.30%||4/1/23|
|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 EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hawthorn Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$267,255,000
Hawthorn Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
Hawthorn Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,264.
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 $4,750.
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)||177||$56,495,000||$319,181||$2,235||4.78%|
|Outside of Metro Areas||275||$51,445,000||$187,073||$3,410||4.96%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||157||$40,955,000||$260,860||$2,848||4.97%|
|JEFFERSON CITY, MO (FHA|USDA|VA)||211||$40,525,000||$192,062||$2,419||4.87%|
|SPRINGFIELD, MO (FHA|USDA|VA)||135||$31,135,000||$230,630||$3,454||4.92%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||55||$15,055,000||$273,727||$3,489||4.98%|
|Branson, MO (FHA|USDA|VA)||39||$10,505,000||$269,359||$3,614||5.32%|
|Warrensburg, MO (FHA|USDA|VA)||18||$4,690,000||$260,556||$2,236||4.82%|
|Fort Leonard Wood, MO (FHA|USDA|VA)||17||$2,485,000||$146,176||$5,009||4.75%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||3||$1,565,000||$521,667||$5,749||5.37%|
|Lebanon, MO (FHA|USDA|VA)||9||$1,255,000||$139,444||$3,664||4.67%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$1,125,000||$1,125,000||$6,143||2.88%|
|MANHATTAN, KS (FHA|USDA|VA)||1||$1,015,000||$1,015,000||$0||3.65%|
|Rolla, MO (FHA|USDA|VA)||4||$710,000||$177,500||$4,516||5.56%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||1||$645,000||$645,000||$13,298||4.63%|
|GRAND JUNCTION, CO (FHA|USDA|VA)||1||$645,000||$645,000||$2,830||4.75%|
|Sedalia, MO (FHA|USDA|VA)||5||$605,000||$121,000||$2,388||4.80%|
|CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)||1||$515,000||$515,000||$21,829||4.25%|
|JOPLIN, MO (FHA|USDA|VA)||2||$480,000||$240,000||$3,892||4.94%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$475,000||$475,000||$13,904||4.88%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$445,000||$445,000||$0||3.83%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||1||$435,000||$435,000||$10,912||4.25%|
|Breckenridge, CO (FHA|USDA|VA)||1||$425,000||$425,000||$2,925||5.25%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$405,000||$405,000||$4,401||6.50%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||1||$375,000||$375,000||$4,577||6.50%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||1||$355,000||$355,000||$3,074||5.37%|
|NEW BERN, NC (FHA|USDA|VA)||1||$315,000||$315,000||$2,916||3.75%|
|Pittsburg, KS (FHA|USDA|VA)||1||$275,000||$275,000||$0||3.85%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$255,000||$255,000||$0||3.88%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$255,000||$255,000||$0||4.38%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$235,000||$235,000||$1,795||5.25%|
|ODESSA, TX (FHA|USDA|VA)||1||$225,000||$225,000||$3,583||4.99%|
|Marshall, MO (FHA|USDA|VA)||1||$225,000||$225,000||$2,275||3.88%|
|OKLAHOMA CITY, OK (FHA|USDA|VA)||1||$205,000||$205,000||$3,323||3.50%|
|Mexico, MO (FHA|USDA|VA)||1||$175,000||$175,000||$2,492||6.00%|
|JACKSONVILLE, NC (FHA|USDA|VA)||1||$145,000||$145,000||$0||6.63%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||1||$105,000||$105,000||$2,165||6.63%|
|ST. JOSEPH, MO-KS (FHA|USDA|VA)||1||$75,000||$75,000||$0||4.63%|
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.
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For 2022, Hawthorn Bank's most frequently originated type of loan was Conventional, with 757 originations. Their 2nd most popular type was HELOC, with 289 originations.
For 2022, Hawthorn Bank's most frequently cited loan purpose was Home Purchase, with 642 originations. The 2nd most popular reason was Other, with 294 originations.
For 2022, Hawthorn Bank's most frequently cited loan duration was 30 Year, with 500 originations. The 2nd most popular length was 20 Year, with 387 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Hawthorn Bank's average total fees were $3,264, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 450 originations.
During 2022, Hawthorn Bank's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 311 originations.
2022 saw Hawthorn Bank place emphasis on $100k-200k loans with 358 originations, totaling $52,830,000 in origination value.
Hawthorn Bank lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $50k or less, with 180 originations.
Applicant Debt to Income Ratio
Hawthorn Bank lent most frequently to those with DTI ratios of 20-30%, with 216 originations. The next most common DTI ratio? 30-36%, with 167 originations.
Approval RatesTotal approvals of all applications
Hawthorn Bank has an average approval rate.
Pick RateApprovals leading to origination
Hawthorn Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|