Springfield First Community Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 5493007IES1RWVUDDU23

Tax ID: 26-3420981

5 stars - Updated: 7/7/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Springfield First Community Bank is a smaller bank specializing in Home Purchase loans. Springfield First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Little Rock, Kansas City, and Joplin among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Springfield First Community 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. Springfield First Community 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 7/7/25
    30 Year Conventional Refi 6.61% 7/7/25
    30 Year Cash-out Refi 7.09% 7/7/25
    30 Year FHA Purchase 7.22% 7/7/25
    30 Year FHA Refi 7.23% 7/7/25
    30 Year VA Purchase 6.59% 7/7/25
    30 Year VA Refi 6.45% 7/7/25
    30 Year USDA Purchase 7.94% 7/7/25
    15 Year Conventional Purchase 6.29% 7/7/25
    15 Year Conventional Refi 6.20% 7/7/25
    15 Year Cash-out Refi 6.20% 7/7/25
    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.

    Springfield First Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Springfield First Community 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

    311

    Origination Dollar Volume (All Markets)

    $118,885,000
    Show all (8) awards

    Relative Rate

    Springfield First Community Bank's average 30 year fixed mortgage rate was 6.58%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.03%.

    Relative Fees (Closing Costs)

    Springfield First Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,259.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 233 $89,035,000 $382,124 $4,096 6.71%
    Outside of Metro Areas 33 $9,485,000 $287,424 $4,477 6.65%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $5,595,000 $1,119,000 $5,904 7.05%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $3,255,000 $3,255,000 $0 7.93%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $2,505,000 $501,000 $3,286 7.02%
    JOPLIN, MO (FHA|USDA|VA) 15 $2,425,000 $161,667 $3,901 7.57%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 8 $2,270,000 $283,750 $2,718 7.58%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 7.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $755,000 $755,000 $0 7.28%
    BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $380,000 $190,000 $0 6.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $2,743 6.50%
    Branson, MO (FHA|USDA|VA) 1 $285,000 $285,000 $4,485 7.88%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $285,000 $285,000 $4,001 7.13%
    COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $7,448 6.50%
    Coffeyville, KS (FHA|USDA|VA) 1 $195,000 $195,000 $2,893 6.63%
    Lebanon, MO (FHA|USDA|VA) 1 $165,000 $165,000 $6,221 6.75%
    Springfield First Community Bank's top markets include Springfield, St. Louis, Little Rock, Kansas City, and Joplin among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Springfield First Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Southwest Missouri Bank
    Similarity Rank: 130
    BLUCURRENT
    Similarity Rank: 392
    Pinnacle Bank
    Similarity Rank: 459
    Springfield First Community Bank
    Similarity Rank: 493
    Oakstar Bank
    Similarity Rank: 705
    The Bank of Missouri
    Similarity Rank: 816
    Hawthorn Bank
    Similarity Rank: 1113
    First Community Bank
    Similarity Rank: 1122
    Midwest Mortgage Associates Corporation
    Similarity Rank: 1512
    KEYPOINT
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 259 $106,085,000 $409,595 $3,101 6.87%
    FHA 42 $9,300,000 $221,429 $7,124 6.42%
    VA 9 $3,375,000 $375,000 $10,696 6.26%
    USDA 1 $125,000 $125,000 $7,212 7.50%

    For 2024, Springfield First Community Bank's most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was FHA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 221 $92,245,000 $417,398 $4,355 6.70%
    Refi 61 $20,945,000 $343,361 $3,114 7.02%
    Cash Out Refi 19 $3,885,000 $204,474 $4,386 6.91%
    Other 6 $1,150,000 $191,667 $3,506 6.67%
    Home Improvement 4 $660,000 $165,000 $1,593 7.79%

    For 2024, Springfield First Community Bank's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 233 $60,635,000 $260,236 $4,259 6.58%
    3 Year 30 $14,190,000 $473,000 $0 7.93%
    Other 18 $8,090,000 $449,444 $2,105 6.60%
    5 Year 10 $29,840,000 $2,984,000 $0 7.55%
    15 Year 9 $3,135,000 $348,333 $3,390 6.10%
    1 Year 8 $2,310,000 $288,750 $0 8.74%
    20 Year 2 $630,000 $315,000 $2,850 6.31%
    10 Year 1 $55,000 $55,000 $870 9.91%

    For 2024, Springfield First Community Bank's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 3 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 176 $47,840,000 $271,818
    $1k-2k 33 $9,555,000 $289,545
    $2k-3k 10 $2,240,000 $224,000
    $3k-4k 8 $1,910,000 $238,750
    $4k-5k 2 $410,000 $205,000
    $5k+ 1 $595,000 $595,000

    Springfield First Community Bank's average total fees were $4,259, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 183 $55,845,000 $305,164
    7-8% 58 $33,020,000 $569,310
    5-6% 44 $24,350,000 $553,409
    Over 8% 22 $4,250,000 $193,182
    4-5% 3 $1,055,000 $351,667
    3-4% 1 $365,000 $365,000

    During 2024, Springfield First Community Bank's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 133 $36,125,000 $271,617 $4,347 6.66%
    $100k-200k 85 $12,435,000 $146,294 $3,608 6.83%
    $400k-600k 38 $17,900,000 $471,053 $4,426 6.56%
    $100,000 or less 34 $2,330,000 $68,529 $2,274 7.28%
    $600k-1MM 13 $9,635,000 $741,154 $7,589 6.97%
    $1MM+ 8 $40,460,000 $5,057,500 $0 7.35%

    2024 saw Springfield First Community Bank place emphasis on $200k-400k loans with 133 originations, totaling $36,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 64 $11,890,000 $185,781 $4,257 6.64%
    $100k-150k 54 $14,210,000 $263,148 $3,433 6.76%
    $75k-100k 48 $11,120,000 $231,667 $4,693 6.51%
    $150k-250k 35 $13,125,000 $375,000 $3,949 6.69%
    $250k+ 20 $8,120,000 $406,000 $5,866 6.65%
    $50k or less 18 $2,200,000 $122,222 $3,513 6.31%

    Springfield First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 64 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $14,100,000 $251,786 $3,736 6.56%
    30-36% 44 $11,860,000 $269,545 $4,064 6.42%
    44% 17 $4,335,000 $255,000 $3,985 6.73%
    <20% 15 $4,445,000 $296,333 $3,414 6.48%
    43% 12 $3,300,000 $275,000 $4,096 6.71%
    50-60% 11 $2,875,000 $261,364 $8,276 6.36%
    39% 11 $2,425,000 $220,455 $3,886 6.75%
    42% 10 $2,400,000 $240,000 $3,407 6.62%
    38% 10 $2,420,000 $242,000 $3,474 6.58%
    41% 10 $2,270,000 $227,000 $4,074 6.58%
    48% 9 $2,535,000 $281,667 $3,999 6.57%
    40% 9 $1,985,000 $220,556 $4,491 6.68%
    49% 8 $2,230,000 $278,750 $5,655 6.47%
    47% 6 $1,850,000 $308,333 $3,514 6.77%
    45% 6 $1,880,000 $313,333 $3,804 6.73%
    36% 6 $1,780,000 $296,667 $3,085 6.38%
    46% 5 $1,445,000 $289,000 $4,537 6.45%
    37% 3 $825,000 $275,000 $3,084 6.96%
    >60% 1 $425,000 $425,000 $0 4.05%

    Springfield First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $57,930,000 $260,946 $3,959 6.57%
    Not applicable 54 $52,040,000 $963,704 $0 7.76%
    Not provided 17 $4,235,000 $249,118 $4,974 6.68%
    Black 7 $1,895,000 $270,714 $8,571 6.48%
    Asian 7 $1,855,000 $265,000 $4,460 7.04%
    American Indian 2 $530,000 $265,000 $2,499 6.75%
    Asian Indian 2 $400,000 $200,000 $3,053 6.88%

    Approval Rates

    Total approvals of all applications
    95.98%

    Springfield First Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.50%

    Springfield First Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 311 $118,885,000 $382,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $118,885,000 $382,267

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $2,285,000 $152,333 $2,557 6.61%
    40-60% 54 $17,590,000 $325,741 $3,112 6.87%
    60-80% 106 $50,030,000 $471,981 $3,215 6.96%
    80-100% 126 $42,820,000 $339,841 $4,596 6.62%
    Over 100% 5 $1,985,000 $397,000 $16,337 6.23%
    Under 20% 5 $4,175,000 $835,000 $1,434 7.59%