First Midwest Bank Of Dexter Mortgage Rates, Fees & Info
Dexter, MOLEI: 5493003IRCQIQ6T3QS04
Tax ID: 43-0796471
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Midwest Bank Of Dexter is a smaller bank specializing in Home Purchase loans. First Midwest Bank Of Dexter has a high proportion of conventional loans. Their top markets by origination volume include: Cape Girardeau, Springfield, Sikeston, St. Louis, and Kansas City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First Midwest Bank Of Dexter has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
149Origination Dollar Volume (All Markets)
$31,165,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 66 | $12,520,000 | $189,697 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 37 | $9,025,000 | $243,919 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 14 | $3,930,000 | $280,714 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 19 | $2,465,000 | $129,737 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Midwest Bank of Dexter based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 161
Similarity Rank: 306
Similarity Rank: 324
Similarity Rank: 403
Similarity Rank: 767
Similarity Rank: 1616
Similarity Rank: 2605
Similarity Rank: 3220
Similarity Rank: 3672
Similarity Rank: 7533
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 131 | $28,585,000 | $218,206 | $0 | 0.00% |
| USDA | 18 | $2,580,000 | $143,333 | $0 | 0.00% |
For 2023, First Midwest Bank Of Dexter's most frequently originated type of loan was Conventional, with 131 originations. Their 2nd most popular type was USDA, with 18 originations.
Loan Reason
For 2023, First Midwest Bank Of Dexter's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $31,165,000 | $209,161 | $0 | 0.00% |
For 2023, First Midwest Bank Of Dexter's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2023 saw First Midwest Bank Of Dexter place emphasis on $100k-200k loans with 58 originations, totaling $8,390,000 in origination value.
Applicant Income
First Midwest Bank Of Dexter lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $31,165,000 | $209,161 | $0 | 0.00% |
First Midwest Bank Of Dexter lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
First Midwest Bank Of Dexter has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.62%
First Midwest Bank Of Dexter has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $31,165,000 | $209,161 |