State Bank Of Misosuri Mortgage Rates, Fees & Info
CONCORDIA, MOLEI: 549300EMI4DCHFPR1811
Tax ID: 44-0149040
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Bank Of Misosuri is a smaller bank specializing in Refi loans. State Bank Of Misosuri has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Columbia, and Marshall among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Of Misosuri 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.
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Originations
40Origination Dollar Volume (All Markets)
$5,180,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 25 | $2,395,000 | $95,800 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,695,000 | $130,385 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| Marshall, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $5,180,000 | $129,500 | $0 | 0.00% |
For 2019, State Bank Of Misosuri's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2019, State Bank Of Misosuri's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $5,180,000 | $129,500 | $0 | 0.00% |
For 2019, State Bank Of Misosuri's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2019 saw State Bank Of Misosuri place emphasis on $100,000 or less loans with 22 originations, totaling $1,090,000 in origination value.
Applicant Income
State Bank Of Misosuri lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $5,180,000 | $129,500 | $0 | 0.00% |
State Bank Of Misosuri lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $4,925,000 | $140,714 | $0 | 0.00% |
| Not applicable | 4 | $160,000 | $40,000 | $0 | 0.00% |
| Asian | 1 | $95,000 | $95,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.62%
State Bank Of Misosuri has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.50%
State Bank Of Misosuri 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 |
|---|---|---|---|
| Exempt | 40 | $5,180,000 | $129,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $520,000 | $130,000 |
| Single Family (1-4 Units):Site-Built | 36 | $4,660,000 | $129,444 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STATE FARM BANK, FSB | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| STATE FARM BANK, FSB | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Trouble during payment process | 5 | 41.7% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 16.7% |
| STATE FARM BANK, FSB | VA mortgage | Trouble during payment process | 1 | 8.3% |