Hawthorn Bank Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 54930023DLYUOD6GKQ42

Tax ID: 44-0241200

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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 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.

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% 12/16/24
30 Year Conventional Purchase 6.66% 12/16/24
30 Year Conventional Refi 6.73% 12/16/24
30 Year Cash-out Refi 7.04% 12/16/24
30 Year FHA Purchase 7.33% 12/16/24
30 Year VA Purchase 6.25% 12/16/24
30 Year VA Refi 6.04% 12/16/24
30 Year USDA Purchase 6.81% 12/16/24
15 Year Conventional Purchase 6.01% 12/16/24
15 Year Conventional Refi 6.30% 12/16/24
15 Year Cash-out Refi 6.30% 12/16/24
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

1,131

Origination Dollar Volume (All Markets)

$267,255,000
Show all (12) awards

Top Markets

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    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%
    Hawthorn Bank's top markets include Columbia, Kansas City, Jefferson City, Springfield, and St. Louis among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Colorado (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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    The Callaway Bank
    Similarity Rank: 153
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 175
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 354
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    MISSOURI Credit Union
    Similarity Rank: 432
    United Bank of Union
    Similarity Rank: 450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 757 $221,805,000 $293,005 $2,714 4.94%
    HELOC 289 $25,855,000 $89,464 n/a 4.90%
    FHA 33 $6,415,000 $194,394 $5,998 5.20%
    VA 29 $9,605,000 $331,207 $6,859 4.40%
    USDA 23 $3,575,000 $155,435 $3,947 4.62%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 642 $175,910,000 $274,003 $3,233 5.02%
    Other 294 $27,100,000 $92,177 $3,735 4.92%
    Refi 106 $45,010,000 $424,623 $2,901 4.49%
    Cash Out Refi 70 $14,820,000 $211,714 $2,977 4.38%
    Home Improvement 19 $4,415,000 $232,368 $3,606 5.49%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 500 $131,970,000 $263,940 $3,264 4.95%
    20 Year 387 $61,575,000 $159,109 $2,985 4.88%
    Other 108 $28,540,000 $264,259 $2,443 4.90%
    15 Year 67 $13,385,000 $199,776 $2,486 4.28%
    5 Year 38 $17,860,000 $470,000 $0 5.64%
    10 Year 17 $6,135,000 $360,882 $2,779 4.99%
    1 Year 8 $3,100,000 $387,500 $0 5.88%
    3 Year 4 $4,230,000 $1,057,500 $0 5.16%
    30+ year 2 $460,000 $230,000 $4,686 6.25%

    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
    $<1k 450 $121,690,000 $270,422
    $1k-2k 73 $14,835,000 $203,219
    $2k-3k 21 $5,555,000 $264,524
    $4k-5k 5 $1,485,000 $297,000
    $3k-4k 4 $1,280,000 $320,000
    $5k+ 1 $1,185,000 $1,185,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 311 $82,285,000 $264,582
    3-4% 285 $71,245,000 $249,982
    5-6% 271 $67,705,000 $249,834
    6-7% 166 $26,020,000 $156,747
    7-8% 44 $6,520,000 $148,182
    <2.5% 24 $5,830,000 $242,917
    2.5-3% 22 $6,970,000 $316,818
    Over 8% 8 $680,000 $85,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 358 $52,830,000 $147,570 $2,901 4.99%
    $100,000 or less 327 $17,545,000 $53,654 $2,501 5.07%
    $200k-400k 302 $82,780,000 $274,106 $3,323 4.83%
    $400k-600k 87 $42,145,000 $484,425 $3,821 4.68%
    $600k-1MM 29 $20,785,000 $716,724 $3,580 4.20%
    $1MM+ 28 $51,170,000 $1,827,500 $5,109 4.46%

    2022 saw Hawthorn Bank place emphasis on $100k-200k loans with 358 originations, totaling $52,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 205 $43,365,000 $211,537 $3,750 4.96%
    $50k or less 180 $19,670,000 $109,278 $2,555 4.96%
    $50k-75k 152 $21,520,000 $141,579 $3,242 5.02%
    $75k-100k 149 $26,235,000 $176,074 $3,630 5.12%
    $150k-250k 119 $33,055,000 $277,773 $2,959 4.86%
    $250k+ 86 $35,370,000 $411,279 $3,179 5.03%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 216 $37,190,000 $172,176 $2,761 4.82%
    30-36% 167 $31,325,000 $187,575 $3,058 4.95%
    <20% 102 $17,820,000 $174,706 $2,775 4.76%
    41% 49 $9,345,000 $190,714 $3,768 4.69%
    39% 43 $10,345,000 $240,581 $2,700 4.73%
    36% 41 $8,505,000 $207,439 $3,309 4.79%
    38% 41 $9,205,000 $224,512 $3,255 4.87%
    42% 36 $9,640,000 $267,778 $3,597 4.92%
    40% 35 $7,035,000 $201,000 $3,766 4.88%
    43% 32 $7,460,000 $233,125 $3,136 5.15%
    37% 28 $7,770,000 $277,500 $3,625 5.06%
    44% 19 $4,235,000 $222,895 $2,729 4.95%
    45% 17 $4,495,000 $264,412 $3,038 4.64%
    49% 13 $2,685,000 $206,538 $3,408 5.09%
    46% 10 $2,760,000 $276,000 $4,195 5.05%
    47% 10 $2,940,000 $294,000 $4,760 4.75%
    48% 4 $740,000 $185,000 $4,886 5.22%
    50-60% 4 $910,000 $227,500 $9,481 4.84%
    >60% 2 $270,000 $135,000 $1,911 5.25%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 834 $165,120,000 $197,986 $3,172 4.87%
    Not applicable 190 $79,260,000 $417,158 $0 5.00%
    Not provided 70 $12,710,000 $181,571 $3,589 5.13%
    Asian 17 $5,345,000 $314,412 $2,544 4.57%
    Black 13 $3,295,000 $253,462 $3,022 5.44%
    American Indian 6 $1,330,000 $221,667 $3,005 4.81%
    Native Hawaiian or Islander 1 $195,000 $195,000 $1,995 5.75%

    Approval Rates

    Total approvals of all applications
    91.94%

    Hawthorn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.08%

    Hawthorn Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,131 $267,255,000 $236,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,131 $267,255,000 $236,300

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 114 $13,650,000 $119,737 $2,502 4.94%
    40-60% 123 $33,665,000 $273,699 $2,960 4.86%
    60-80% 301 $90,615,000 $301,047 $3,063 4.76%
    80-100% 420 $117,840,000 $280,571 $3,117 5.00%
    Over 100% 7 $2,445,000 $349,286 $12,837 3.89%
    Under 20% 166 $9,040,000 $54,458 $1,959 5.04%