First Missouri State Bank Of Cape County Mortgage Rates, Fees & Info

Cape Girardeau, MO

LEI: 549300EHOXTFKJXVWZ10

Tax ID: 20-4402815

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
  • Similar Lenders
  • 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

    First Missouri State Bank Of Cape County is a smaller bank specializing in Home Purchase and Refi loans. First Missouri State Bank Of Cape County has a high proportion of conventional loans. Their top markets by origination volume include: Cape Girardeau, Sikeston, St. Louis, and Rolla among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Missouri State Bank Of Cape County 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. First Missouri State Bank Of Cape County is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    98

    Origination Dollar Volume (All Markets)

    $16,440,000

    Awards

    First Missouri State Bank of Cape County 30 Year Conventional Loans gold First Missouri State Bank of Cape County 30 Year Conventional Loans gold
    Show all (2) awards

    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
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 86 $14,870,000 $172,907 $1,754 4.91%
    Sikeston, MO (FHA|USDA|VA) 6 $790,000 $131,667 $2,048 5.20%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $575,000 $191,667 $2,641 4.72%
    Rolla, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,108 4.88%
    Outside of Metro Areas 2 $100,000 $50,000 $1,830 4.83%
    First Missouri State Bank Of Cape County's top markets include Cape Girardeau, Sikeston, St. Louis, and Rolla among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Missouri State Bank of Cape County based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Missouri State Bank of Cape County
    Similarity Rank: 55
    Southern Bank
    Similarity Rank: 117
    First State Community Bank
    Similarity Rank: 168
    The Bank of Missouri
    Similarity Rank: 253
    Commerce Bank
    Similarity Rank: 1888
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 1953
    Mortgage Research Center, LLC
    Similarity Rank: 2706
    FINANCE OF AMERICA MORTGAGE LLC
    Similarity Rank: 3306
    DAS Acquisition Company, LLC
    Similarity Rank: 5425
    U.S. Bank
    Similarity Rank: 5747

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $16,180,000 $172,128 $1,825 4.89%
    HELOC 4 $260,000 $65,000 n/a 5.63%

    For 2018, First Missouri State Bank Of Cape County's most frequently originated type of loan was Conventional, with 94 originations. Their 2nd most popular type was HELOC, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $6,215,000 $138,111 $2,057 5.03%
    Refi 40 $7,810,000 $195,250 $1,633 4.74%
    Cash Out Refi 8 $2,100,000 $262,500 $1,713 5.06%
    Home Improvement 3 $165,000 $55,000 $1,063 4.77%
    Other 2 $150,000 $75,000 $0 5.63%

    For 2018, First Missouri State Bank Of Cape County's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 46 $8,430,000 $183,261 $1,880 4.98%
    15 Year 21 $3,065,000 $145,952 $1,664 4.73%
    Other 14 $2,170,000 $155,000 $1,668 5.01%
    10 Year 5 $345,000 $69,000 $1,050 4.46%
    5 Year 5 $1,575,000 $315,000 $0 5.34%
    20 Year 4 $650,000 $162,500 $2,218 4.84%
    3 Year 3 $205,000 $68,333 $0 4.93%

    For 2018, First Missouri State Bank Of Cape County's most frequently cited loan duration was 30 Year, with 46 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 61 $11,345,000 $185,984
    $1k-2k 3 $815,000 $271,667

    First Missouri State Bank Of Cape County's average total fees were $1,880, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 61 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 55 $10,165,000 $184,818
    5-6% 38 $4,920,000 $129,474
    3-4% 5 $1,355,000 $271,000

    During 2018, First Missouri State Bank Of Cape County's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $2,130,000 $62,647 $1,658 5.05%
    $100k-200k 33 $4,335,000 $131,364 $1,746 4.94%
    $200k-400k 27 $7,425,000 $275,000 $1,977 4.72%
    $400k-600k 3 $1,445,000 $481,667 $1,915 4.93%
    $1MM+ 1 $1,105,000 $1,105,000 $0 4.85%

    2018 saw First Missouri State Bank Of Cape County place emphasis on $100,000 or less loans with 34 originations, totaling $2,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $2,425,000 $115,476 $1,869 5.02%
    $75k-100k 19 $3,085,000 $162,368 $1,925 5.10%
    $50k-75k 12 $1,470,000 $122,500 $1,759 5.11%
    $100k-150k 10 $1,680,000 $168,000 $1,531 4.99%
    $150k-250k 8 $2,160,000 $270,000 $2,157 4.63%
    $250k+ 8 $2,380,000 $297,500 $1,619 4.80%

    First Missouri State Bank Of Cape County lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $2,970,000 $165,000 $1,780 4.83%
    30-36% 16 $2,860,000 $178,750 $1,751 5.08%
    <20% 9 $1,665,000 $185,000 $1,816 4.96%
    >60% 6 $730,000 $121,667 $1,965 5.18%
    43% 5 $845,000 $169,000 $1,863 4.91%
    40% 5 $885,000 $177,000 $1,949 4.70%
    38% 4 $760,000 $190,000 $1,856 4.91%
    36% 3 $455,000 $151,667 $1,802 4.89%
    44% 2 $350,000 $175,000 $2,428 5.44%
    49% 2 $280,000 $140,000 $1,831 5.50%
    50-60% 2 $260,000 $130,000 $0 5.78%
    41% 2 $360,000 $180,000 $2,070 4.89%
    39% 1 $335,000 $335,000 $669 4.25%
    45% 1 $145,000 $145,000 $1,871 5.20%
    46% 1 $275,000 $275,000 $1,953 4.70%
    48% 1 $25,000 $25,000 $0 5.40%

    First Missouri State Bank Of Cape County lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $12,810,000 $173,108 $1,820 5.00%
    Not applicable 20 $3,240,000 $162,000 $0 4.64%
    Asian 2 $330,000 $165,000 $1,973 4.08%
    Black 2 $60,000 $30,000 $0 5.53%

    Approval Rates

    Total approvals of all applications
    100.00%

    First Missouri State Bank Of Cape County 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
    97.96%

    First Missouri State Bank Of Cape County 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
    NA 98 $16,440,000 $167,755

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,620,000 $405,000
    Single Family (1-4 Units):Site-Built 94 $14,820,000 $157,660

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $675,000 $96,429 $1,576 4.99%
    40-60% 20 $2,410,000 $120,500 $1,646 4.68%
    60-80% 37 $6,945,000 $187,703 $1,847 4.90%
    80-100% 31 $6,175,000 $199,194 $1,962 5.04%
    Under 20% 3 $235,000 $78,333 $1,064 5.23%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%