Ozark Bank Mortgage Rates, Fees & Info

Ozark, MO

LEI: 5493006BPEIMPS70UU26

Tax ID: 44-0380840

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Mortgage Data

Review & Overview

Ozark Bank is a smaller bank specializing in Home Purchase and Refi loans. Ozark Bank has a high proportion of conventional loans. Their top two markets are Springfield and Branson .

Ozark 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.

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Originations

104

Origination Dollar Volume (All Markets)

$22,680,000

Top 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) 91 $18,765,000 $206,209 $0 0.00%
Branson, MO (FHA|USDA|VA) 3 $2,575,000 $858,333 $0 0.00%
Outside of Metro Areas 10 $1,340,000 $134,000 $0 0.00%
Ozark Bank's top markets include Springfield and Branson among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $22,680,000 $218,077 $0 0.00%

    For 2023, Ozark Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $16,260,000 $219,730 $0 0.00%
    Refi 20 $5,560,000 $278,000 $0 0.00%
    Home Improvement 9 $795,000 $88,333 $0 0.00%
    Other 1 $65,000 $65,000 $0 0.00%

    For 2023, Ozark Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $22,680,000 $218,077 $0 0.00%

    For 2023, Ozark Bank's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $7,140,000 $148,750 $0 0.00%
    $100,000 or less 23 $1,445,000 $62,826 $0 0.00%
    $200k-400k 23 $6,035,000 $262,391 $0 0.00%
    $400k-600k 6 $3,020,000 $503,333 $0 0.00%
    $1MM+ 2 $3,610,000 $1,805,000 $0 0.00%
    $600k-1MM 2 $1,430,000 $715,000 $0 0.00%

    2023 saw Ozark Bank place emphasis on $100k-200k loans with 48 originations, totaling $7,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,555,000 $196,538 $0 0.00%
    $50k-75k 13 $1,325,000 $101,923 $0 0.00%
    $75k-100k 11 $2,145,000 $195,000 $0 0.00%
    $150k-250k 10 $2,550,000 $255,000 $0 0.00%
    $50k or less 7 $625,000 $89,286 $0 0.00%
    $250k+ 6 $1,920,000 $320,000 $0 0.00%

    Ozark Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $22,680,000 $218,077 $0 0.00%

    Ozark Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $11,110,000 $264,524 $0 0.00%
    White 59 $10,915,000 $185,000 $0 0.00%
    Asian 3 $655,000 $218,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.73%

    Ozark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.69%

    Ozark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $22,680,000 $218,077

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $22,680,000 $218,077