The Bank Of Missouri Mortgage Rates, Fees & Info

Perryville, MO

LEI: 549300JE6M4A1G4LPS75

Tax ID: 43-0170190

5 stars - Updated: 12/4/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 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 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: Columbia, Cape Girardeau, Springfield, Fayetteville, and Branson among others. We have data for 36 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.90% 12/4/24
30 Year Conventional Refi 6.77% 12/4/24
30 Year Cash-out Refi 6.98% 12/4/24
30 Year FHA Purchase 6.27% 12/4/24
30 Year FHA Refi 6.27% 12/4/24
30 Year VA Purchase 6.27% 12/4/24
30 Year USDA Purchase 6.27% 12/4/24
15 Year Conventional Purchase 5.99% 12/4/24
15 Year Conventional Refi 6.28% 12/4/24
15 Year Cash-out Refi 6.28% 12/4/24
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.

The Bank Of Missouri Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Bank Of Missouri. 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

721

Origination Dollar Volume (All Markets)

$157,035,000
Show all (10) awards

Relative Rate

The Bank Of Missouri's average 30 year fixed mortgage rate was 6.53%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.05%.

Relative Fees (Closing Costs)

The Bank Of Missouri's average total fees/closing costs for a 30 year fixed rate mortgage were $2,712.

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 $9,089.

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
COLUMBIA, MO (FHA|USDA|VA) 82 $39,490,000 $481,585 $2,248 6.66%
Outside of Metro Areas 191 $30,615,000 $160,288 $2,535 6.95%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 143 $25,135,000 $175,769 $2,554 6.84%
SPRINGFIELD, MO (FHA|USDA|VA) 126 $25,010,000 $198,492 $2,595 7.01%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 21 $8,895,000 $423,571 $3,379 6.12%
Branson, MO (FHA|USDA|VA) 28 $5,910,000 $211,071 $2,721 6.49%
Sikeston, MO (FHA|USDA|VA) 39 $4,305,000 $110,385 $2,250 7.05%
ST. LOUIS, MO-IL (FHA|USDA|VA) 13 $3,845,000 $295,769 $3,428 6.26%
Poplar Bluff, MO (FHA|USDA|VA) 10 $2,260,000 $226,000 $2,443 6.91%
Blytheville, AR (FHA|USDA|VA) 3 $1,285,000 $428,333 $2,839 7.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,215,000 $405,000 $4,882 6.37%
JEFFERSON CITY, MO (FHA|USDA|VA) 4 $1,100,000 $275,000 $2,961 6.92%
Mexico, MO (FHA|USDA|VA) 14 $1,100,000 $78,571 $2,273 7.59%
Fort Leonard Wood, MO (FHA|USDA|VA) 10 $980,000 $98,000 $2,106 5.75%
Farmington, MO (FHA|USDA|VA) 1 $625,000 $625,000 $3,832 5.88%
Rolla, MO (FHA|USDA|VA) 6 $590,000 $98,333 $2,655 6.69%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $585,000 $195,000 $2,765 6.91%
Calhoun, GA (FHA|USDA|VA) 1 $435,000 $435,000 $3,707 6.50%
JOPLIN, MO (FHA|USDA|VA) 1 $375,000 $375,000 $3,536 6.13%
JONESBORO, AR (FHA|USDA|VA) 2 $370,000 $185,000 $2,382 7.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $345,000 $345,000 $3,389 6.00%
Harrison, AR (FHA|USDA|VA) 2 $260,000 $130,000 $2,627 6.63%
BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,884 8.00%
Lebanon, MO (FHA|USDA|VA) 3 $205,000 $68,333 $2,356 6.90%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.25%
Moberly, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.50%
Hannibal, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,273 5.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,592 5.88%
WACO, TX (FHA|USDA|VA) 2 $170,000 $85,000 $0 8.38%
WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,229 6.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,679 6.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $145,000 $145,000 $2,349 6.50%
Marshall, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,124 6.13%
DECATUR, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,117 6.00%
Sterling, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.50%
Kennett, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,554 6.00%
The Bank Of Missouri's top markets include Columbia, Cape Girardeau, Springfield, Fayetteville, and Branson among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • 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.

    BLUCURRENT
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    WEST COMMUNITY
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    MISSOURI Credit Union
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    United Bank
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    FIRST WESTERN MORTGAGE, INC.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 514 $134,360,000 $261,401 $2,576 6.86%
    Conventional 207 $22,675,000 $109,541 $0 0.00%

    For 2023, The Bank Of Missouri's most frequently originated type of loan was Conventional, with 514 originations. Their 2nd most popular type was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 397 $123,505,000 $311,096 $2,734 6.75%
    Home Improvement 120 $10,260,000 $85,500 $2,091 7.48%
    Other 103 $9,665,000 $93,835 $2,059 6.98%
    Refi 98 $12,980,000 $132,449 $2,191 7.04%
    Cash Out Refi 3 $625,000 $208,333 $2,635 6.67%

    For 2023, The Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Home Improvement, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 328 $89,680,000 $273,415 $2,712 6.53%
    Other 242 $32,330,000 $133,595 $1,516 7.30%
    15 Year 68 $7,490,000 $110,147 $2,043 7.18%
    20 Year 50 $19,530,000 $390,600 $2,296 7.64%
    5 Year 14 $5,770,000 $412,143 $0 7.61%
    10 Year 8 $480,000 $60,000 $1,927 8.28%
    1 Year 7 $1,175,000 $167,857 $3,174 7.96%
    3 Year 4 $580,000 $145,000 $0 7.87%

    For 2023, The Bank Of Missouri's most frequently cited loan duration was 30 Year, with 328 originations. The 2nd most popular length was Other, with 242 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 311 $68,845,000 $221,367
    $1k-2k 86 $23,960,000 $278,605
    $2k-3k 5 $4,685,000 $937,000
    $3k-4k 1 $245,000 $245,000

    The Bank Of Missouri's average total fees were $2,712, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 311 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 177 $60,905,000 $344,096
    7-8% 143 $23,575,000 $164,860
    5-6% 126 $41,160,000 $326,667
    Over 8% 62 $7,020,000 $113,226
    4-5% 4 $1,380,000 $345,000
    3-4% 2 $320,000 $160,000

    During 2023, The Bank Of Missouri's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 6-7%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 279 $14,885,000 $53,351 $2,036 7.34%
    $100k-200k 204 $29,250,000 $143,382 $2,413 6.96%
    $200k-400k 147 $41,115,000 $279,694 $2,747 6.53%
    $400k-600k 49 $23,545,000 $480,510 $3,019 6.39%
    $600k-1MM 30 $20,980,000 $699,333 $3,604 6.14%
    $1MM+ 12 $27,260,000 $2,271,667 $5,050 6.43%

    2023 saw The Bank Of Missouri place emphasis on $100,000 or less loans with 279 originations, totaling $14,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 129 $22,925,000 $177,713 $2,478 6.74%
    $50k-75k 109 $12,205,000 $111,972 $2,462 6.87%
    $50k or less 105 $8,915,000 $84,905 $2,288 6.82%
    $150k-250k 94 $25,610,000 $272,447 $2,684 6.53%
    $75k-100k 90 $14,090,000 $156,556 $2,532 6.72%
    $250k+ 84 $34,130,000 $406,310 $3,318 6.64%

    The Bank Of Missouri lent most frequently to those with incomes in the $100k-150k range, with 129 originations. The second most popular income band? $50k-75k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 207 $22,675,000 $109,541 $0 0.00%
    20-30% 107 $24,005,000 $224,346 $2,562 6.66%
    30-36% 78 $17,850,000 $228,846 $2,600 6.56%
    <20% 40 $10,340,000 $258,500 $2,519 6.44%
    38% 21 $5,885,000 $280,238 $2,841 6.74%
    37% 20 $4,080,000 $204,000 $2,427 6.40%
    36% 20 $3,690,000 $184,500 $2,476 6.56%
    39% 19 $5,295,000 $278,684 $2,332 6.48%
    40% 15 $4,485,000 $299,000 $2,645 6.45%
    41% 14 $3,940,000 $281,429 $2,481 6.68%
    43% 14 $3,830,000 $273,571 $2,840 7.12%
    50-60% 13 $4,655,000 $358,077 $2,562 6.49%
    42% 12 $2,320,000 $193,333 $2,375 6.86%
    44% 12 $1,970,000 $164,167 $2,480 7.32%
    49% 7 $1,525,000 $217,857 $2,626 7.14%
    >60% 7 $3,185,000 $455,000 $2,834 5.82%
    46% 5 $815,000 $163,000 $3,458 6.68%
    48% 4 $640,000 $160,000 $2,275 7.76%
    45% 3 $445,000 $148,333 $2,774 6.60%
    47% 2 $450,000 $225,000 $3,258 6.19%

    The Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 207 originations. The next most common DTI ratio? 20-30%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 590 $110,470,000 $187,237 $2,561 6.71%
    Not applicable 86 $36,310,000 $422,209 $0 7.71%
    Not provided 23 $7,095,000 $308,478 $3,033 6.53%
    Black 14 $1,210,000 $86,429 $2,449 7.47%
    Asian 5 $1,025,000 $205,000 $2,155 6.65%
    American Indian 3 $925,000 $308,333 $2,774 6.47%

    Approval Rates

    Total approvals of all applications
    85.25%

    The Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.65%

    The Bank Of Missouri has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 207 $22,675,000 $109,541
    NA 514 $134,360,000 $261,401

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    721 $157,035,000 $217,802

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $8,130,000 $127,031 $2,139 7.12%
    40-60% 66 $12,600,000 $190,909 $2,511 6.79%
    60-80% 179 $49,375,000 $275,838 $2,771 6.83%
    80-100% 163 $59,435,000 $364,632 $2,747 6.72%
    Over 100% 1 $1,955,000 $1,955,000 $0 6.71%
    Under 20% 41 $2,865,000 $69,878 $1,920 7.25%