Community Bank Of Missouri Mortgage Rates, Fees & Info

Richmond, MO

LEI: 549300BI6NZRN6BCGT52

Tax ID: 43-1923118

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Mortgage Data

Review & Overview

Community Bank Of Missouri is a smaller bank specializing in Home Purchase loans. Community Bank Of Missouri has a high proportion of conventional loans. Their top two markets are Kansas City and Houston .

Community Bank Of Missouri has an 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

38

Origination Dollar Volume (All Markets)

$5,280,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 36 $4,620,000 $128,333 $0 0.00%
Outside of Metro Areas 1 $335,000 $335,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
Community Bank Of Missouri's top markets include Kansas City and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $5,280,000 $138,947 $0 0.00%

    For 2023, Community Bank Of Missouri's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $4,095,000 $240,882 $0 0.00%
    Home Improvement 12 $480,000 $40,000 $0 0.00%
    Other 5 $205,000 $41,000 $0 0.00%
    Cash Out Refi 3 $375,000 $125,000 $0 0.00%
    Refi 1 $125,000 $125,000 $0 0.00%

    For 2023, Community Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $5,280,000 $138,947 $0 0.00%

    For 2023, Community Bank Of Missouri's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $980,000 $44,545 $0 0.00%
    $100k-200k 7 $905,000 $129,286 $0 0.00%
    $200k-400k 7 $2,005,000 $286,429 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2023 saw Community Bank Of Missouri place emphasis on $100,000 or less loans with 22 originations, totaling $980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $375,000 $53,571 $0 0.00%
    $100k-150k 6 $850,000 $141,667 $0 0.00%
    $150k-250k 6 $1,890,000 $315,000 $0 0.00%
    $50k or less 6 $400,000 $66,667 $0 0.00%
    $75k-100k 6 $510,000 $85,000 $0 0.00%
    $250k+ 1 $175,000 $175,000 $0 0.00%

    Community Bank Of Missouri lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $5,280,000 $138,947 $0 0.00%

    Community Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $4,390,000 $137,188 $0 0.00%
    Not applicable 5 $835,000 $167,000 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.96%

    Community Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.32%

    Community Bank Of Missouri has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 38 $5,280,000 $138,947

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $5,280,000 $138,947