First Midwest Bank Of Dexter Mortgage Rates, Fees & Info
Dexter, MOLEI: 5493003IRCQIQ6T3QS04
Tax ID: 43-0796471
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Mortgage Data
Review & Overview
First Midwest Bank Of Dexter is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Midwest Bank Of Dexter has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rolla, Springfield, Cape Girardeau, Farmington, and Sikeston among others. We have data for 18 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
192Origination Dollar Volume (All Markets)
$76,970,000Top 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 |
|---|---|---|---|---|---|
| Rolla, MO (FHA|USDA|VA) | 1 | $24,005,000 | $24,005,000 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $11,195,000 | $189,746 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 9 | $10,725,000 | $1,191,667 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 50 | $10,500,000 | $210,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 1 | $7,335,000 | $7,335,000 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 48 | $6,120,000 | $127,500 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $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 | 177 | $74,245,000 | $419,463 | $0 | 0.00% |
| USDA | 14 | $2,170,000 | $155,000 | $0 | 0.00% |
| VA | 1 | $555,000 | $555,000 | $0 | 0.00% |
For 2022, First Midwest Bank Of Dexter's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was USDA, with 14 originations.
Loan Reason
For 2022, First Midwest Bank Of Dexter's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 192 | $76,970,000 | $400,885 | $0 | 0.00% |
For 2022, First Midwest Bank Of Dexter's most frequently cited loan duration was Other, with 192 originations.
Loan Sizing
2022 saw First Midwest Bank Of Dexter place emphasis on $100k-200k loans with 70 originations, totaling $9,720,000 in origination value.
Applicant Income
First Midwest Bank Of Dexter lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 192 | $76,970,000 | $400,885 | $0 | 0.00% |
First Midwest Bank Of Dexter lent most frequently to those with DTI ratios of Exempt%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.30%
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 origination87.50%
First Midwest Bank Of Dexter has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 192 | $76,970,000 | $400,885 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |