The Missouri Bank Mortgage Rates, Fees & Info
Warrenton, MOLEI: 549300FS4TWJ50ESLB05
Tax ID: 43-0573160
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
90Origination Dollar Volume (All Markets)
$24,570,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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 applications96.91%
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 origination95.56%
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 |