The Bank Of Missouri Mortgage Rates, Fees & Info
Perryville, MOLEI: 549300JE6M4A1G4LPS75
Tax ID: 43-0170190
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of Missouri is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Missouri has a high proportion of conventional loans. The Bank Of Missouri has an average proportion of conventional loans. Their top markets by origination volume include: Springfield, Cape Girardeau, Tucson, Columbia, and Fayetteville among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Missouri 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. The Bank Of Missouri 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 5/27/23 |
| 30 Year Conventional Refi | 6.77% | 5/27/23 |
| 30 Year Cash-out Refi | 6.98% | 5/27/23 |
| 30 Year FHA Purchase | 6.27% | 5/27/23 |
| 30 Year FHA Refi | 6.27% | 5/27/23 |
| 30 Year VA Purchase | 6.27% | 5/27/23 |
| 30 Year USDA Purchase | 6.27% | 5/27/23 |
| 15 Year Conventional Purchase | 5.99% | 5/27/23 |
| 15 Year Conventional Refi | 6.28% | 5/27/23 |
| 15 Year Cash-out Refi | 6.28% | 5/27/23 |
| 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. | ||
The Bank Of Missouri Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,098Origination Dollar Volume (All Markets)
$298,140,000Awards
The Bank of Missouri - 2022
The Bank of Missouri is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
The Bank Of Missouri's average 30 year fixed mortgage rate was
4.36%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.4%.
Relative Fees (Closing Costs)
The Bank Of Missouri's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,618.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 279 | $77,045,000 | $276,147 | $2,531 | 4.28% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 213 | $44,895,000 | $210,775 | $2,441 | 4.34% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $42,125,000 | $42,125,000 | $0 | 5.61% |
| COLUMBIA, MO (FHA|USDA|VA) | 117 | $38,295,000 | $327,308 | $2,559 | 4.16% |
| Outside of Metro Areas | 250 | $36,950,000 | $147,800 | $2,417 | 4.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 23 | $9,155,000 | $398,043 | $3,001 | 3.99% |
| Sikeston, MO (FHA|USDA|VA) | 49 | $6,435,000 | $131,327 | $2,416 | 4.74% |
| Branson, MO (FHA|USDA|VA) | 31 | $5,495,000 | $177,258 | $2,925 | 4.80% |
| Rockport, TX (FHA|USDA|VA) | 1 | $4,065,000 | $4,065,000 | $0 | 3.35% |
| Poplar Bluff, MO (FHA|USDA|VA) | 22 | $3,810,000 | $173,182 | $2,696 | 4.93% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 25 | $3,475,000 | $139,000 | $1,981 | 4.87% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 14 | $3,430,000 | $245,000 | $3,034 | 4.64% |
| Rolla, MO (FHA|USDA|VA) | 10 | $3,420,000 | $342,000 | $3,165 | 4.70% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $3,143 | 4.45% |
| Blytheville, AR (FHA|USDA|VA) | 3 | $2,355,000 | $785,000 | $2,389 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,750,000 | $875,000 | $3,398 | 4.31% |
| Mexico, MO (FHA|USDA|VA) | 11 | $1,545,000 | $140,455 | $2,336 | 4.27% |
| Clinton, IA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 4.75% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $2,271 | 5.09% |
| Moberly, MO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,231 | 5.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $2,768 | 4.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $4,283 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 4.37% |
| Salina, KS (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,685 | 3.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,969 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,410 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,454 | 3.50% |
| Harrison, AR (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,247 | 2.92% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,040 | 2.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,254 | 4.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,231 | 3.38% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,912 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.15% |
| Lebanon, MO (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,075 | 3.95% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 5.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,522 | 4.00% |
| Kennett, MO (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,808 | 5.11% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,739 | 6.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,549 | 7.11% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.15% |
| Farmington, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,985 | 7.07% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,974 | 3.25% |
| Batesville, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,384 | 3.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.99% |
| Oxford, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,908 | 5.51% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,173 | 6.10% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Bank of Missouri based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 830 | $276,090,000 | $332,639 | $2,538 | 4.40% |
| Conventional | 268 | $22,050,000 | $82,276 | $0 | 0.00% |
For 2022, The Bank Of Missouri's most frequently originated type of loan was Conventional, with 830 originations. Their 2nd most popular type was Conventional, with 268 originations.
Loan Reason
For 2022, The Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 554 originations. The 2nd most popular reason was Refi, with 257 originations.
Loan Duration/Length
For 2022, The Bank Of Missouri's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was Other, with 310 originations.
Origination Fees/Closing Costs
The Bank Of Missouri's average total fees were $2,618, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 540 originations.
Interest Rates
During 2022, The Bank Of Missouri's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 270 originations.
Loan Sizing
2022 saw The Bank Of Missouri place emphasis on $100,000 or less loans with 376 originations, totaling $20,580,000 in origination value.
Applicant Income
The Bank Of Missouri lent most frequently to those with incomes in the $50k or less range, with 189 originations. The second most popular income band? $50k-75k, with 179 originations.
Applicant Debt to Income Ratio
The Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 268 originations. The next most common DTI ratio? 20-30%, with 174 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.68%
The Bank Of Missouri has an average approval rate.
Pick Rate
Approvals leading to origination79.87%
The Bank Of Missouri has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 116.5 | 1 | $175,000 | $175,000 |
| Exempt | 268 | $22,050,000 | $82,276 |
| NA | 829 | $275,915,000 | $332,829 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |