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 Refi and Home Purchase 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, Crestview, St. Louis, and San Diego among others. We have data for 15 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
299Origination Dollar Volume (All Markets)
$72,615,000Top 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) | 164 | $45,710,000 | $278,720 | $0 | 0.00% |
| Outside of Metro Areas | 56 | $9,740,000 | $173,929 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 42 | $6,530,000 | $155,476 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 10 | $2,460,000 | $246,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $1,120,000 | $112,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| Miami, OK (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
For 2022, Old Missouri Bank's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 157 | $39,435,000 | $251,178 | $0 | 0.00% |
| Home Purchase | 122 | $29,050,000 | $238,115 | $0 | 0.00% |
| Cash Out Refi | 20 | $4,130,000 | $206,500 | $0 | 0.00% |
For 2022, Old Missouri Bank's most frequently cited loan purpose was Refi, with 157 originations. The 2nd most popular reason was Home Purchase, with 122 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 299 | $72,615,000 | $242,860 | $0 | 0.00% |
For 2022, Old Missouri Bank's most frequently cited loan duration was Other, with 299 originations.
Loan Sizing
2022 saw Old Missouri Bank place emphasis on $100k-200k loans with 117 originations, totaling $16,855,000 in origination value.
Applicant Income
Old Missouri Bank lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 299 | $72,615,000 | $242,860 | $0 | 0.00% |
Old Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 299 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.46%
Old Missouri Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.27%
Old Missouri Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 299 | $72,615,000 | $242,860 |