Old Missouri Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300DF7LT6VI5BQC34

Tax ID: 43-1853121

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

Jump to:

Mortgage Data

Review & Overview

Old Missouri Bank is a smaller bank specializing in Home Purchase and Refi loans. Old Missouri Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, Joplin, Little Rock, Los Angeles, and Branson among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Old Missouri 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

421

Origination Dollar Volume (All Markets)

$151,175,000

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) 245 $79,905,000 $326,143 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 48 $18,450,000 $384,375 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $12,990,000 $6,495,000 $0 0.00%
Outside of Metro Areas 66 $12,130,000 $183,788 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $5,955,000 $5,955,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 15 $5,365,000 $357,667 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $3,635,000 $403,889 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $3,090,000 $515,000 $0 0.00%
West Plains, MO (FHA|USDA|VA) 6 $2,390,000 $398,333 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $0 0.00%
Parsons, KS (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 0.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 0.00%
Sedalia, MO (FHA|USDA|VA) 3 $635,000 $211,667 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
PROVO-OREM, UT (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Richmond-Berea, KY (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Lebanon, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Old Missouri Bank's top markets include Springfield, Joplin, Little Rock, Los Angeles, and Branson among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 390 $144,390,000 $370,231 $0 0.00%
    FHA 16 $3,280,000 $205,000 $0 0.00%
    VA 8 $2,690,000 $336,250 $0 0.00%
    USDA 7 $815,000 $116,429 $0 0.00%

    For 2023, Old Missouri Bank's most frequently originated type of loan was Conventional, with 390 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 231 $94,015,000 $406,991 $0 0.00%
    Refi 173 $54,125,000 $312,861 $0 0.00%
    Cash Out Refi 17 $3,035,000 $178,529 $0 0.00%

    For 2023, Old Missouri Bank's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Refi, with 173 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 421 $151,175,000 $359,086 $0 0.00%

    For 2023, Old Missouri Bank's most frequently cited loan duration was Other, with 421 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 149 $22,005,000 $147,685 $0 0.00%
    $200k-400k 132 $36,390,000 $275,682 $0 0.00%
    $100,000 or less 74 $4,760,000 $64,324 $0 0.00%
    $400k-600k 35 $16,845,000 $481,286 $0 0.00%
    $1MM+ 21 $63,225,000 $3,010,714 $0 0.00%
    $600k-1MM 10 $7,950,000 $795,000 $0 0.00%

    2023 saw Old Missouri Bank place emphasis on $100k-200k loans with 149 originations, totaling $22,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 67 $12,175,000 $181,716 $0 0.00%
    $100k-150k 50 $13,600,000 $272,000 $0 0.00%
    $75k-100k 39 $7,715,000 $197,821 $0 0.00%
    $50k or less 36 $3,960,000 $110,000 $0 0.00%
    $150k-250k 26 $6,920,000 $266,154 $0 0.00%
    $250k+ 24 $10,290,000 $428,750 $0 0.00%

    Old Missouri Bank lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 421 $151,175,000 $359,086 $0 0.00%

    Old Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 421 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 161 $90,985,000 $565,124 $0 0.00%
    White 240 $55,580,000 $231,583 $0 0.00%
    Not provided 10 $1,810,000 $181,000 $0 0.00%
    American Indian 3 $1,135,000 $378,333 $0 0.00%
    Asian 3 $875,000 $291,667 $0 0.00%
    Black 3 $765,000 $255,000 $0 0.00%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.93%

    Old Missouri 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
    87.41%

    Old Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 421 $151,175,000 $359,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    421 $151,175,000 $359,086