Wells Bank Mortgage Rates, Fees & Info

Platte City, MO

LEI: 549300BJ6EOJ9EF6JB96

Tax ID: 44-0482800

Latest/2024 | 2023 Data | 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
  • 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

    Wells Bank is a smaller bank specializing in Home Purchase and Refi loans. Wells Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Columbia, Kirksville, Maryville, and St. Joseph among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wells 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.

    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.

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    Originations

    126

    Origination Dollar Volume (All Markets)

    $30,930,000

    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 $10,250,000 $284,722 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 23 $5,165,000 $224,565 $0 0.00%
    Kirksville, MO (FHA|USDA|VA) 23 $4,705,000 $204,565 $0 0.00%
    Maryville, MO (FHA|USDA|VA) 19 $4,365,000 $229,737 $0 0.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 10 $3,370,000 $337,000 $0 0.00%
    Outside of Metro Areas 11 $2,335,000 $212,273 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Marshall, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Atchison, KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Wells Bank's top markets include Kansas City, Columbia, Kirksville, Maryville, and St. Joseph among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $30,930,000 $245,476 $0 0.00%

    For 2024, Wells Bank's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $21,280,000 $253,333 $0 0.00%
    Refi 33 $8,125,000 $246,212 $0 0.00%
    Other 4 $350,000 $87,500 $0 0.00%
    Cash Out Refi 3 $875,000 $291,667 $0 0.00%
    Home Improvement 2 $300,000 $150,000 $0 0.00%

    For 2024, Wells Bank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $30,930,000 $245,476 $0 0.00%

    For 2024, Wells Bank's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,715,000 $146,538 $0 0.00%
    $200k-400k 39 $10,795,000 $276,795 $0 0.00%
    $100,000 or less 27 $1,615,000 $59,815 $0 0.00%
    $400k-600k 12 $5,610,000 $467,500 $0 0.00%
    $600k-1MM 7 $4,935,000 $705,000 $0 0.00%
    $1MM+ 2 $2,260,000 $1,130,000 $0 0.00%

    2024 saw Wells Bank place emphasis on $100k-200k loans with 39 originations, totaling $5,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 25 $6,545,000 $261,800 $0 0.00%
    $100k-150k 19 $5,095,000 $268,158 $0 0.00%
    $50k-75k 17 $2,385,000 $140,294 $0 0.00%
    $75k-100k 11 $2,735,000 $248,636 $0 0.00%
    $250k+ 10 $4,940,000 $494,000 $0 0.00%
    $50k or less 7 $495,000 $70,714 $0 0.00%

    Wells Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $30,930,000 $245,476 $0 0.00%

    Wells Bank lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $22,865,000 $251,264 $0 0.00%
    Not applicable 33 $7,615,000 $230,758 $0 0.00%
    Not provided 2 $450,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Wells Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Wells Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $30,930,000 $245,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $30,930,000 $245,476