Ozarks Federal Savings And Loan Association Mortgage Rates, Fees & Info

Farmington, MO

LEI: 549300M1N0YC51QQGT24

Tax ID: 43-0445932

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Ozarks Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Ozarks Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Farmington, St. Louis, Cape Girardeau, and Nashville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ozarks Federal Savings And Loan Association 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. Ozarks Federal Savings And Loan Association 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 5.86% 4/18/24
    30 Year Conventional Refi 6.02% 4/18/24
    30 Year Cash-out Refi 5.66% 4/18/24
    15 Year Conventional Purchase 5.08% 4/18/24
    15 Year Conventional Refi 5.77% 4/18/24
    15 Year Cash-out Refi 5.77% 4/18/24
    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.

    Ozarks Federal Savings And Loan Association Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Ozarks Federal Savings And Loan Association. 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

    357

    Origination Dollar Volume (All Markets)

    $57,425,000

    Employee count

    53 Show all (8) awards

    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
    Farmington, MO (FHA|USDA|VA) 171 $26,225,000 $153,363 $1,643 4.46%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 101 $22,085,000 $218,663 $2,585 4.51%
    Outside of Metro Areas 80 $8,360,000 $104,500 $1,324 4.49%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 4 $620,000 $155,000 $1,244 4.19%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $135,000 $135,000 $1,937 4.38%
    Ozarks Federal Savings And Loan Association's top markets include Farmington, St. Louis, Cape Girardeau, and Nashville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Ozarks Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Community Bank of Trenton
    Similarity Rank: 108
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 110
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 357 $57,425,000 $160,854 $1,846 4.48%

    For 2018, Ozarks Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 357 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 219 $41,845,000 $191,073 $2,383 4.41%
    Refi 95 $12,795,000 $134,684 $1,199 4.40%
    Home Improvement 28 $1,130,000 $40,357 $646 4.97%
    Other 8 $930,000 $116,250 $1,002 4.84%
    Cash Out Refi 7 $725,000 $103,571 $1,111 5.16%

    For 2018, Ozarks Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 125 $18,675,000 $149,400 $1,532 4.40%
    30+ year 80 $24,120,000 $301,500 $3,479 4.21%
    Other 50 $7,960,000 $159,200 $1,169 4.79%
    20 Year 37 $3,115,000 $84,189 $1,373 4.68%
    10 Year 36 $2,130,000 $59,167 $876 4.47%
    15 Year 25 $1,395,000 $55,800 $1,002 4.78%
    5 Year 4 $30,000 $7,500 $322 4.63%

    For 2018, Ozarks Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was 30+ year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 245 $28,775,000 $117,449
    $2k-3k 26 $8,200,000 $315,385
    $1k-2k 23 $5,205,000 $226,304
    $3k-4k 12 $4,320,000 $360,000
    $4k-5k 4 $1,880,000 $470,000
    $5k+ 1 $895,000 $895,000

    Ozarks Federal Savings And Loan Association's average total fees were $1,532, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 250 $39,140,000 $156,560
    3-4% 64 $14,730,000 $230,156
    5-6% 40 $3,500,000 $87,500
    6-7% 3 $55,000 $18,333

    During 2018, Ozarks Federal Savings And Loan Association's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 250 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $8,910,000 $55,000 $1,022 4.63%
    $100k-200k 107 $15,335,000 $143,318 $1,672 4.44%
    $200k-400k 63 $17,395,000 $276,111 $3,062 4.24%
    $400k-600k 20 $9,130,000 $456,500 $3,790 4.26%
    $600k-1MM 4 $2,960,000 $740,000 $5,568 4.28%
    $1MM+ 1 $3,695,000 $3,695,000 $0 3.88%

    2018 saw Ozarks Federal Savings And Loan Association place emphasis on $100,000 or less loans with 162 originations, totaling $8,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 91 $6,725,000 $73,901 $1,206 4.54%
    $50k-75k 78 $9,090,000 $116,538 $1,568 4.51%
    $100k-150k 60 $12,330,000 $205,500 $2,404 4.36%
    $75k-100k 57 $8,705,000 $152,719 $1,876 4.45%
    $150k-250k 35 $9,805,000 $280,143 $2,454 4.43%
    $250k+ 6 $2,640,000 $440,000 $4,499 4.13%

    Ozarks Federal Savings And Loan Association lent most frequently to those with incomes in the $50k or less range, with 91 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $12,795,000 $147,069 $1,706 4.44%
    30-36% 71 $11,675,000 $164,437 $1,963 4.32%
    <20% 47 $4,915,000 $104,574 $1,601 4.38%
    38% 20 $3,920,000 $196,000 $2,528 4.43%
    42% 13 $2,315,000 $178,077 $2,035 4.55%
    39% 13 $1,875,000 $144,231 $1,743 4.60%
    40% 12 $1,440,000 $120,000 $1,479 4.71%
    41% 12 $1,940,000 $161,667 $2,004 4.34%
    37% 10 $1,410,000 $141,000 $1,360 4.54%
    36% 8 $960,000 $120,000 $1,580 4.45%
    44% 8 $1,160,000 $145,000 $1,753 4.66%
    43% 7 $1,195,000 $170,714 $1,325 4.86%
    48% 6 $1,470,000 $245,000 $3,003 4.71%
    50-60% 4 $540,000 $135,000 $1,298 5.00%
    46% 4 $460,000 $115,000 $1,702 5.31%
    47% 3 $965,000 $321,667 $4,372 4.83%
    49% 2 $200,000 $100,000 $1,662 4.25%
    45% 1 $35,000 $35,000 $727 4.50%
    >60% 1 $145,000 $145,000 $1,433 4.75%

    Ozarks Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 301 $44,325,000 $147,259 $1,822 4.47%
    Not applicable 26 $7,530,000 $289,615 $3,412 4.58%
    Not provided 27 $4,945,000 $183,148 $1,964 4.46%
    American Indian 3 $625,000 $208,333 $1,487 4.17%

    Approval Rates

    Total approvals of all applications
    93.09%

    Ozarks Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.52%

    Ozarks Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 357 $57,425,000 $160,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $4,175,000 $1,391,667
    Single Family (1-4 Units):Manufactured 16 $1,240,000 $77,500
    Single Family (1-4 Units):Site-Built 338 $52,010,000 $153,876

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,705,000 $74,130 $968 4.39%
    40-60% 47 $4,755,000 $101,170 $1,366 4.46%
    60-80% 108 $17,510,000 $162,130 $1,874 4.47%
    80-100% 155 $32,725,000 $211,129 $2,310 4.42%
    Over 100% 1 $75,000 $75,000 $0 4.50%
    Under 20% 23 $655,000 $28,478 $653 5.04%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ozarks Federal Savings and Loan Association 1 Walton Drive Potosi, MO 63664 Full Service B&M $14,291
    Ozarks Federal Savings and Loan Association 2 East Columbia Farmington, MO 63640 Full Service B&M $91,295
    Ozarks Federal Savings and Loan Association 211 South Main Street Ironton, MO 63650 Full Service B&M $26,713
    Ozarks Federal Savings and Loan Association 217 West Main Fredericktown, MO 63645 Full Service B&M $19,524
    Ozarks Federal Savings and Loan Association 643 North Creek Drive Festus, MO 63028 Full Service B&M $49,296

    For 2018, Ozarks Federal Savings And Loan Association had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,614
    Net interest income $6,498
    Total noninterest income $979
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $79
    Trading account gains and fees $0
    Additional Noninterest Income $900
    Pre-tax net operating income $1,682
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,312
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,312
    Minority interest net income $0
    Net income $1,312
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,312

    Ozarks Federal Savings And Loan Association's gross interest income from loans was $8,614,000.
    Ozarks Federal Savings And Loan Association's net interest income from loans was $6,498,000.
    Ozarks Federal Savings And Loan Association's fee based income from loans was $79,000.
    Ozarks Federal Savings And Loan Association's net income from loans was $1,312,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,116
    Provision for credit losses $50
    Total noninterest expense $5,745
    Salaries and employee benefits $3,288
    Premises and equipment expense $617
    Additional noninterest expense $1,840
    Applicable income taxes $370
    Net charge-offs $61
    Cash dividends $0

    Ozarks Federal Savings And Loan Association's interest expense for loans was $2,116,000.
    Ozarks Federal Savings And Loan Association's payroll and benefits expense were $3,288,000.
    Ozarks Federal Savings And Loan Association's property, plant and equipment expenses $617,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $199,624
    Deposits held in domestic offices $199,624
    Deposits by Individuals, partnerships, and corporations $193,164
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,456
    Deposits by Commercial banks and other depository institutions in U.S. $4
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $37,767
    Demand deposits $6,938
    Nontransaction accounts $161,857
    Money market deposit accounts (MMDAs) $21,232
    Other savings deposits (excluding MMDAs) $17,743
    Total time deposits $122,882
    Total time and savings deposits $192,686
    Noninterest-bearing deposits $6,930
    Interest-bearing deposits $192,694
    Retail deposits $186,252
    IRAs and Keogh plan accounts $17,325
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $247,934
    Cash & Balances due from depository institutions $14,476
    Interest-bearing balances $12,099
    Total securities $11,167
    Federal funds sold & reverse repurchase $0
    Net loans and leases $202,147
    Loan and leases loss allowance $1,193
    Trading account assets $0
    Bank premises and fixed assets $5,085
    Other real estate owned $118
    Goodwill and other intangibles $295
    All other assets $14,646

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $247,934
    Total Liabilities $213,808
    Total deposits $199,624
    Interest-bearing deposits $192,694
    Deposits held in domestic offices $199,624
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,930
    Subordinated debt $0
    All other liabilities $2,254

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $202,147
    Loan and leases loss allowance $1,193
    Total loans and leases (domestic) $203,340
    All real estate loans $202,718
    Real estate loans in domestic offices $202,718
    Construction and development loans $14,120
    Residential 1-4 family construction $9,499
    Other construction, all land development and other land $4,621
    Loans secured by nonfarm nonresidential properties $9,862
    Nonfarm nonresidential secured by owner-occupied properties $5,401
    Commercial real estate & other non-farm, non-residential $4,461
    Multifamily residential real estate $8,174
    1-4 family residential loans $170,502
    Farmland loans $60
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $622
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $44
    Other loans to individuals $578
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $618
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ozarks Federal Savings and Loan Association had $202,147,000 of loans outstanding in 2018. $202,718,000 of loans were in real estate loans. $14,120,000 of loans were in development loans. $8,174,000 of loans were in multifamily mortgage loans. $170,502,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $44,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 38 $6,071 $159,763
    Nonfarm, nonresidential loans - <$100k 10 $460 $46,000
    Nonfarm, nonresidential loans - $100-250k 16 $1,864 $116,500
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,747 $312,250
    Farmland loans - <$1MM 1 $60 $60,000
    Farmland loans - $100-250k 1 $60 $60,000