Flat Branch Mortgage Rates, Fees & Info
Columbia, MOLEI: 549300LXKO1O7CSK5J52
Tax ID: 20-2746596
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Mortgage Data
Review & Overview
Flat Branch Mortgage is a smaller mortgage company specializing in Home Purchase loans. Flat Branch Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: St. Louis, Kansas City, Springfield, Columbia, and Joplin among others. We have data for 93 markets. (Some data included below & more in-depth data is available with an active subscription.)Flat Branch Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Flat Branch Mortgage 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.32% | 4/22/24 |
| 30 Year Conventional Purchase | 6.79% | 4/22/24 |
| 30 Year Conventional Refi | 6.71% | 4/22/24 |
| 30 Year Cash-out Refi | 6.84% | 4/22/24 |
| 30 Year FHA Purchase | 7.61% | 4/22/24 |
| 30 Year FHA Refi | 7.47% | 4/22/24 |
| 30 Year VA Purchase | 6.54% | 4/22/24 |
| 30 Year VA Refi | 6.47% | 4/22/24 |
| 30 Year USDA Purchase | 7.19% | 4/22/24 |
| 30 Year USDA Refi | 7.19% | 4/22/24 |
| 15 Year Conventional Purchase | 6.20% | 4/22/24 |
| 15 Year Conventional Refi | 6.22% | 4/22/24 |
| 15 Year Cash-out Refi | 6.22% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 15 Year VA Purchase | 6.29% | 4/22/24 |
| 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. | ||
Flat Branch Mortgage Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,728Origination Dollar Volume (All Markets)
$909,510,000Awards
FLAT BRANCH MORTGAGE - 2018
FLAT BRANCH MORTGAGE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,276 | $235,300,000 | $184,404 | $4,080 | 4.80% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 665 | $125,385,000 | $188,549 | $3,867 | 4.82% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 614 | $95,840,000 | $156,091 | $3,132 | 4.68% |
| COLUMBIA, MO (FHA|USDA|VA) | 543 | $95,615,000 | $176,087 | $3,151 | 4.70% |
| Outside of Metro Areas | 650 | $78,870,000 | $121,338 | $3,314 | 4.89% |
| JOPLIN, MO (FHA|USDA|VA) | 555 | $73,735,000 | $132,856 | $3,385 | 4.83% |
| TULSA, OK (FHA|USDA|VA) | 179 | $30,155,000 | $168,464 | $4,625 | 4.83% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 213 | $29,045,000 | $136,362 | $3,621 | 4.90% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 167 | $23,755,000 | $142,246 | $4,091 | 4.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 93 | $17,765,000 | $191,022 | $4,203 | 4.81% |
| Warrensburg, MO (FHA|USDA|VA) | 73 | $13,505,000 | $185,000 | $4,068 | 4.72% |
| Moberly, MO (FHA|USDA|VA) | 85 | $10,115,000 | $119,000 | $2,437 | 4.90% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 63 | $9,825,000 | $155,952 | $4,231 | 4.72% |
| Marshall, MO (FHA|USDA|VA) | 63 | $5,755,000 | $91,349 | $3,449 | 4.92% |
| Mexico, MO (FHA|USDA|VA) | 52 | $5,530,000 | $106,346 | $3,330 | 4.94% |
| Farmington, MO (FHA|USDA|VA) | 41 | $5,405,000 | $131,829 | $4,156 | 4.86% |
| Sikeston, MO (FHA|USDA|VA) | 36 | $4,670,000 | $129,722 | $3,437 | 4.89% |
| Rolla, MO (FHA|USDA|VA) | 32 | $4,460,000 | $139,375 | $3,522 | 4.77% |
| Poplar Bluff, MO (FHA|USDA|VA) | 33 | $3,915,000 | $118,636 | $3,516 | 4.82% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 22 | $3,010,000 | $136,818 | $4,149 | 4.86% |
| Pittsburg, KS (FHA|USDA|VA) | 25 | $2,985,000 | $119,400 | $3,728 | 5.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $2,955,000 | $197,000 | $5,121 | 4.88% |
| Branson, MO (FHA|USDA|VA) | 16 | $2,420,000 | $151,250 | $3,279 | 4.59% |
| LAWRENCE, KS (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $3,568 | 4.82% |
| Hannibal, MO (FHA|USDA|VA) | 17 | $1,755,000 | $103,235 | $3,266 | 5.07% |
| Sedalia, MO (FHA|USDA|VA) | 18 | $1,660,000 | $92,222 | $3,079 | 4.89% |
| KANKAKEE, IL (FHA|USDA|VA) | 12 | $1,600,000 | $133,333 | $3,984 | 5.11% |
| Lebanon, MO (FHA|USDA|VA) | 12 | $1,460,000 | $121,667 | $3,101 | 4.76% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $4,851 | 4.75% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $5,775 | 5.13% |
| Kirksville, MO (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $2,852 | 4.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $3,736 | 4.71% |
| Quincy, IL-MO (FHA|USDA|VA) | 9 | $775,000 | $86,111 | $2,031 | 4.63% |
| West Plains, MO (FHA|USDA|VA) | 8 | $750,000 | $93,750 | $3,059 | 5.06% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $2,308 | 4.60% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,246 | 4.63% |
| TOPEKA, KS (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $3,253 | 5.03% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,351 | 4.81% |
| WICHITA, KS (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $3,189 | 4.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,717 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,329 | 5.83% |
| Harrison, AR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,659 | 4.75% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $2,316 | 4.93% |
| Tahlequah, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,749 | 5.13% |
| PINE BLUFF, AR (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $2,920 | 4.91% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,676 | 4.56% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,102 | 5.25% |
| Hope, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,848 | 4.63% |
| Mountain Home, AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,902 | 5.38% |
| El Dorado, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,373 | 4.81% |
| JONESBORO, AR (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $3,550 | 4.91% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,584 | 5.00% |
| Ottawa, KS (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,934 | 5.04% |
| Kennett, MO (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,726 | 4.54% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,171 | 4.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,315 | 4.25% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,808 | 4.94% |
| Muskogee, OK (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,293 | 4.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,954 | 4.88% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,719 | 5.63% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,958 | 4.25% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,676 | 4.75% |
| Parsons, KS (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $2,810 | 5.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,969 | 4.50% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,615 | 4.63% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,109 | 4.69% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,884 | 5.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,956 | 4.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,954 | 5.00% |
| Maryville, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,319 | 4.38% |
| Ada, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,271 | 5.13% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,144 | 5.13% |
| Atchison, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,254 | 5.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,745 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,895 | 4.88% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,646 | 4.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,434 | 5.25% |
| Centralia, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,127 | 4.75% |
| Effingham, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,230 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,841 | 5.00% |
| Miami, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,617 | 4.25% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,872 | 4.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,830 | 5.63% |
| Winfield, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,521 | 4.63% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,681 | 5.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,974 | 4.75% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,000 | 5.13% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,938 | 5.63% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,208 | 5.13% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,862 | 4.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,226 | 4.50% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,481 | 4.75% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,826 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against FLAT BRANCH MORTGAGE 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
For 2018, Flat Branch Mortgage's most frequently originated type of loan was Conventional, with 2,970 originations. Their 2nd most popular type was FHA, with 1,421 originations.
Loan Reason
For 2018, Flat Branch Mortgage's most frequently cited loan purpose was Home Purchase, with 5,123 originations. The 2nd most popular reason was Home Improvement, with 301 originations.
Loan Duration/Length
For 2018, Flat Branch Mortgage's most frequently cited loan duration was 30 Year, with 5,347 originations. The 2nd most popular length was 15 Year, with 277 originations.
Origination Fees/Closing Costs
Flat Branch Mortgage's average total fees were $3,729, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,494 originations.
Interest Rates
During 2018, Flat Branch Mortgage's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 4,104 originations.
Loan Sizing
2018 saw Flat Branch Mortgage place emphasis on $100k-200k loans with 3,060 originations, totaling $443,680,000 in origination value.
Applicant Income
Flat Branch Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,965 originations. The second most popular income band? $50k-75k, with 1,748 originations.
Applicant Debt to Income Ratio
Flat Branch Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,167 originations. The next most common DTI ratio? 30-36%, with 1,082 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.19%
Flat Branch Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.30%
Flat Branch Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,728 | $909,510,000 | $158,783 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 79 | $8,105,000 | $102,595 |
| Single Family (1-4 Units):Site-Built | 5,649 | $901,405,000 | $159,569 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Flat Branch Mortgage, Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |