First Midwest Bank Of Dexter Mortgage Rates, Fees & Info
Dexter, MOLEI: 5493003IRCQIQ6T3QS04
Tax ID: 43-0796471
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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: Springfield, Cape Girardeau, Sikeston, Crestview, and Kansas City among others. We have data for 12 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 a below average pick rate when compared to similar lenders.
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Originations
171Origination Dollar Volume (All Markets)
$45,235,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 49 | $22,175,000 | $452,551 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $9,285,000 | $157,373 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 35 | $8,195,000 | $234,143 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 18 | $2,350,000 | $130,556 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 141 | $40,465,000 | $286,986 | $0 | 0.00% |
| USDA | 30 | $4,770,000 | $159,000 | $0 | 0.00% |
For 2024, First Midwest Bank Of Dexter's most frequently originated type of loan was Conventional, with 141 originations. Their 2nd most popular type was USDA, with 30 originations.
Loan Reason
For 2024, First Midwest Bank Of Dexter's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 171 | $45,235,000 | $264,532 | $0 | 0.00% |
For 2024, First Midwest Bank Of Dexter's most frequently cited loan duration was Other, with 171 originations.
Loan Sizing
2024 saw First Midwest Bank Of Dexter place emphasis on $100k-200k loans with 65 originations, totaling $10,015,000 in origination value.
Applicant Income
First Midwest Bank Of Dexter lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 171 | $45,235,000 | $264,532 | $0 | 0.00% |
First Midwest Bank Of Dexter lent most frequently to those with DTI ratios of Exempt%, with 171 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.45%
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 origination88.89%
First Midwest Bank Of Dexter has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 171 | $45,235,000 | $264,532 |