First State Community Bank Mortgage Rates, Fees & Info

Farmington, MO

LEI: 549300F04B6FGYBJY412

Tax ID: 43-0688689

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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 State Community Bank is a smaller bank specializing in Home Purchase loans. First State Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Farmington, Columbia, Cape Girardeau, and Lebanon among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First State Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First State Community Bank 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.82% 11/21/24
    30 Year Conventional Refi 6.99% 11/21/24
    30 Year Cash-out Refi 6.89% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    30 Year USDA Purchase 6.71% 11/21/24
    15 Year Conventional Purchase 6.92% 11/21/24
    15 Year Conventional Refi 6.86% 11/21/24
    15 Year Cash-out Refi 6.86% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First State Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First State Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,938

    Origination Dollar Volume (All Markets)

    $333,170,000
    Show all (6) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 458 $85,750,000 $187,227 $2,786 4.86%
    Outside of Metro Areas 505 $72,845,000 $144,248 $2,184 4.91%
    Farmington, MO (FHA|USDA|VA) 362 $46,440,000 $128,287 $2,286 5.05%
    COLUMBIA, MO (FHA|USDA|VA) 105 $46,415,000 $442,048 $3,048 4.57%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 161 $24,735,000 $153,634 $2,621 4.64%
    Lebanon, MO (FHA|USDA|VA) 111 $16,785,000 $151,216 $1,968 5.09%
    Sikeston, MO (FHA|USDA|VA) 45 $11,885,000 $264,111 $2,477 4.88%
    JEFFERSON CITY, MO (FHA|USDA|VA) 19 $4,785,000 $251,842 $2,096 4.84%
    Mexico, MO (FHA|USDA|VA) 33 $3,765,000 $114,091 $2,104 5.10%
    Moberly, MO (FHA|USDA|VA) 38 $3,690,000 $97,105 $1,936 5.09%
    Marshall, MO (FHA|USDA|VA) 18 $2,770,000 $153,889 $2,507 4.87%
    Rolla, MO (FHA|USDA|VA) 17 $2,765,000 $162,647 $1,790 5.07%
    SPRINGFIELD, MO (FHA|USDA|VA) 17 $2,195,000 $129,118 $2,054 4.92%
    Kennett, MO (FHA|USDA|VA) 24 $1,800,000 $75,000 $1,952 5.21%
    Fort Leonard Wood, MO (FHA|USDA|VA) 6 $1,720,000 $286,667 $2,977 4.96%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,240,000 $310,000 $5,650 4.63%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $1,130,000 $282,500 $0 6.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $715,000 $715,000 $2,411 4.75%
    Hannibal, MO (FHA|USDA|VA) 3 $515,000 $171,667 $3,206 4.46%
    Mountain Home, AR (FHA|USDA|VA) 2 $410,000 $205,000 $1,449 5.43%
    Poplar Bluff, MO (FHA|USDA|VA) 2 $350,000 $175,000 $6,706 4.99%
    Branson, MO (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.90%
    Kirksville, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,523 5.00%
    Sedalia, MO (FHA|USDA|VA) 1 $55,000 $55,000 $1,204 3.85%
    First State Community Bank's top markets include St. Louis, Farmington, Columbia, Cape Girardeau, and Lebanon among others.

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

    • Similar Lenders

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    The Callaway Bank
    Similarity Rank: 108
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 140
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MISSOURI Credit Union
    Similarity Rank: 342
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Wood & Huston Bank
    Similarity Rank: 462

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,406 $283,280,000 $201,479 $2,316 4.93%
    HELOC 485 $43,905,000 $90,526 n/a 4.87%
    USDA 47 $5,985,000 $127,340 $4,270 4.74%

    For 2022, First State Community Bank's most frequently originated type of loan was Conventional, with 1,406 originations. Their 2nd most popular type was HELOC, with 485 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,039 $228,235,000 $219,668 $2,647 5.00%
    Refi 375 $60,335,000 $160,893 $1,832 4.68%
    Home Improvement 282 $18,360,000 $65,106 $1,253 4.95%
    Other 178 $15,880,000 $89,213 $1,523 4.98%
    Cash Out Refi 64 $10,360,000 $161,875 $3,369 4.41%

    For 2022, First State Community Bank's most frequently cited loan purpose was Home Purchase, with 1,039 originations. The 2nd most popular reason was Refi, with 375 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 696 $141,980,000 $203,994 $2,776 4.85%
    10 Year 503 $38,095,000 $75,736 $969 4.91%
    20 Year 325 $55,655,000 $171,246 $1,502 4.89%
    15 Year 176 $19,180,000 $108,977 $2,193 4.75%
    Other 111 $51,245,000 $461,667 $1,279 5.07%
    1 Year 86 $15,660,000 $182,093 $2,398 5.19%
    5 Year 35 $8,975,000 $256,429 $691 5.81%
    3 Year 6 $2,380,000 $396,667 $0 5.13%

    For 2022, First State Community Bank's most frequently cited loan duration was 30 Year, with 696 originations. The 2nd most popular length was 10 Year, with 503 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 541 $84,245,000 $155,721
    $1k-2k 376 $68,840,000 $183,085
    $2k-3k 34 $6,460,000 $190,000
    $3k-4k 24 $5,330,000 $222,083
    $5k+ 19 $6,465,000 $340,263
    $4k-5k 18 $4,010,000 $222,778

    First State Community Bank's average total fees were $2,776, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 541 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 556 $109,330,000 $196,637
    4-5% 487 $90,375,000 $185,575
    5-6% 470 $72,360,000 $153,957
    6-7% 256 $35,650,000 $139,258
    7-8% 76 $8,640,000 $113,684
    2.5-3% 65 $15,065,000 $231,769
    Over 8% 26 $1,130,000 $43,462
    <2.5% 2 $620,000 $310,000

    During 2022, First State Community Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 3-4%, with 556 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 862 $46,410,000 $53,840 $1,668 5.09%
    $100k-200k 605 $85,585,000 $141,463 $2,436 4.79%
    $200k-400k 366 $97,270,000 $265,765 $2,989 4.74%
    $400k-600k 66 $31,480,000 $476,970 $3,499 4.62%
    $600k-1MM 25 $18,335,000 $733,400 $3,376 4.95%
    $1MM+ 14 $54,090,000 $3,863,571 $2,299 4.29%

    2022 saw First State Community Bank place emphasis on $100,000 or less loans with 862 originations, totaling $46,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 360 $43,770,000 $121,583 $2,460 4.95%
    $50k or less 348 $30,540,000 $87,759 $2,280 5.12%
    $75k-100k 301 $42,795,000 $142,176 $2,464 4.80%
    $100k-150k 299 $48,875,000 $163,462 $2,443 4.93%
    $150k-250k 148 $29,420,000 $198,784 $2,443 4.86%
    $250k+ 77 $19,655,000 $255,260 $3,033 4.58%

    First State Community Bank lent most frequently to those with incomes in the $50k-75k range, with 360 originations. The second most popular income band? $50k or less, with 348 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 389 $43,185,000 $111,015 $2,201 4.80%
    30-36% 288 $40,150,000 $139,410 $2,572 5.01%
    <20% 203 $19,375,000 $95,443 $1,833 4.67%
    38% 52 $8,080,000 $155,385 $2,440 4.91%
    42% 49 $9,115,000 $186,020 $2,774 4.82%
    37% 49 $8,355,000 $170,510 $2,870 4.81%
    40% 47 $7,615,000 $162,021 $2,394 4.89%
    41% 42 $7,830,000 $186,429 $2,825 5.38%
    36% 39 $6,375,000 $163,462 $2,634 4.82%
    43% 36 $5,430,000 $150,833 $3,063 5.15%
    39% 35 $5,765,000 $164,714 $2,063 4.95%
    45% 35 $6,665,000 $190,429 $3,142 4.91%
    50-60% 25 $5,165,000 $206,600 $2,970 5.07%
    47% 22 $5,350,000 $243,182 $3,718 4.64%
    44% 20 $4,210,000 $210,500 $2,946 5.35%
    >60% 12 $2,270,000 $189,167 $1,686 5.55%
    46% 11 $1,795,000 $163,182 $2,949 5.51%
    49% 11 $1,795,000 $163,182 $2,777 5.24%
    48% 6 $1,170,000 $195,000 $2,994 4.07%

    First State Community Bank lent most frequently to those with DTI ratios of 20-30%, with 389 originations. The next most common DTI ratio? 30-36%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,564 $219,640,000 $140,435 $2,375 4.90%
    Not applicable 293 $100,565,000 $343,225 $813 4.94%
    Not provided 50 $7,920,000 $158,400 $3,325 4.92%
    Asian 10 $3,040,000 $304,000 $2,426 4.94%
    Black 21 $2,005,000 $95,476 $2,139 5.00%

    Approval Rates

    Total approvals of all applications
    86.34%

    First State Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.81%

    First State Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    100.0 1 $15,000 $15,000
    118.5 11 $295,000 $26,818
    NA 1,926 $332,860,000 $172,825

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,938 $333,170,000 $171,914

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 292 $25,270,000 $86,541 $1,705 4.93%
    40-60% 302 $53,190,000 $176,126 $2,267 4.73%
    60-80% 562 $124,540,000 $221,601 $2,460 4.81%
    80-100% 481 $114,635,000 $238,326 $2,833 5.04%
    Over 100% 8 $3,300,000 $412,500 $2,385 4.77%
    Under 20% 293 $12,235,000 $41,758 $886 5.03%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%