Old Missouri Bank Mortgage Rates, Fees & Info
Springfield, MOLEI: 549300DF7LT6VI5BQC34
Tax ID: 43-1853121
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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.
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Originations
421Origination Dollar Volume (All Markets)
$151,175,000Top 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% |
Product Mix
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
2023 saw Old Missouri Bank place emphasis on $100k-200k loans with 149 originations, totaling $22,005,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications96.93%
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 origination87.41%
Old Missouri Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 421 | $151,175,000 | $359,086 |