The Missouri Bank Mortgage Rates, Fees & Info

Warrenton, MO

LEI: 549300FS4TWJ50ESLB05

Tax ID: 43-0573160

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Mortgage Data

Review & Overview

The Missouri Bank is a smaller bank specializing in Home Purchase and Refi loans. The Missouri Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Columbia, Sedalia, Jefferson City, and Warrensburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Missouri Bank 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

90

Origination Dollar Volume (All Markets)

$24,570,000

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) 51 $14,565,000 $285,588 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 15 $6,365,000 $424,333 $0 0.00%
Sedalia, MO (FHA|USDA|VA) 14 $2,230,000 $159,286 $0 0.00%
Outside of Metro Areas 8 $1,070,000 $133,750 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Warrensburg, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
The Missouri Bank's top markets include St. Louis, Columbia, Sedalia, Jefferson City, and Warrensburg among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $24,570,000 $273,000 $0 0.00%

    For 2023, The Missouri Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $17,235,000 $366,702 $0 0.00%
    Refi 30 $5,910,000 $197,000 $0 0.00%
    Home Improvement 10 $870,000 $87,000 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%
    Cash Out Refi 1 $475,000 $475,000 $0 0.00%

    For 2023, The Missouri Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $24,570,000 $273,000 $0 0.00%

    For 2023, The Missouri Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,475,000 $54,630 $0 0.00%
    $100k-200k 24 $3,620,000 $150,833 $0 0.00%
    $200k-400k 24 $6,930,000 $288,750 $0 0.00%
    $400k-600k 9 $4,555,000 $506,111 $0 0.00%
    $600k-1MM 4 $3,210,000 $802,500 $0 0.00%
    $1MM+ 2 $4,780,000 $2,390,000 $0 0.00%

    2023 saw The Missouri Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $4,375,000 $336,538 $0 0.00%
    $50k-75k 11 $1,765,000 $160,455 $0 0.00%
    $50k or less 11 $595,000 $54,091 $0 0.00%
    $75k-100k 11 $1,935,000 $175,909 $0 0.00%
    $150k-250k 9 $3,025,000 $336,111 $0 0.00%
    $250k+ 9 $4,715,000 $523,889 $0 0.00%

    The Missouri Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $24,570,000 $273,000 $0 0.00%

    The Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $16,720,000 $245,882 $0 0.00%
    Not applicable 22 $7,850,000 $356,818 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.91%

    The 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 origination
    95.56%

    The Missouri Bank 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 90 $24,570,000 $273,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $24,570,000 $273,000