Community Bank Of Missouri Mortgage Rates, Fees & Info

Richmond, MO

LEI: 549300BI6NZRN6BCGT52

Tax ID: 43-1923118

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Community Bank Of Missouri is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Community Bank Of Missouri has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top (well, only) market is Kansas City.

    Community Bank Of Missouri has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    55

    Origination Dollar Volume (All Markets)

    $5,945,000

    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) 53 $5,635,000 $106,321 $0 0.00%
    Outside of Metro Areas 2 $310,000 $155,000 $0 0.00%
    Community Bank Of Missouri's top markets include and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $5,695,000 $107,453 $0 0.00%
    USDA 2 $250,000 $125,000 $0 0.00%

    For 2019, Community Bank Of Missouri's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $3,315,000 $106,935 $0 0.00%
    Refi 8 $1,070,000 $133,750 $0 0.00%
    Cash Out Refi 8 $1,400,000 $175,000 $0 0.00%
    Home Improvement 7 $135,000 $19,286 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Community Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 55 $5,945,000 $108,091 $0 0.00%

    For 2019, Community Bank Of Missouri's most frequently cited loan duration was Other, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,830,000 $53,824 $0 0.00%
    $100k-200k 13 $1,855,000 $142,692 $0 0.00%
    $200k-400k 8 $2,260,000 $282,500 $0 0.00%

    2019 saw Community Bank Of Missouri place emphasis on $100,000 or less loans with 34 originations, totaling $1,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,155,000 $102,619 $0 0.00%
    $50k or less 9 $585,000 $65,000 $0 0.00%
    $100k-150k 8 $1,280,000 $160,000 $0 0.00%
    $75k-100k 7 $1,045,000 $149,286 $0 0.00%
    $250k+ 2 $380,000 $190,000 $0 0.00%
    $150k-250k 1 $5,000 $5,000 $0 0.00%

    Community Bank Of Missouri lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 55 $5,945,000 $108,091 $0 0.00%

    Community Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $5,310,000 $115,435 $0 0.00%
    Not applicable 7 $495,000 $70,714 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.94%

    Community Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.36%

    Community Bank Of Missouri has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $5,945,000 $108,091

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 54 $5,870,000 $108,704

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%