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™
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    • 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 Refi and Home Purchase loans. Ozarks Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Ocala, and Cape Girardeau 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% 12/16/24
    30 Year Conventional Refi 6.02% 12/16/24
    30 Year Cash-out Refi 5.66% 12/16/24
    15 Year Conventional Purchase 5.08% 12/16/24
    15 Year Conventional Refi 5.77% 12/16/24
    15 Year Cash-out Refi 5.77% 12/16/24
    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

    427

    Origination Dollar Volume (All Markets)

    $78,885,000

    Employee count

    57

    Awards

    Ozarks Federal Savings and Loan Association 30 Year Conventional Loans gold Ozarks Federal Savings and Loan Association 30 Year Conventional Loans gold Ozarks Federal Savings and Loan Association 30 Year Conventional Loans gold Ozarks Federal Savings and Loan Association 30 Year Conventional Loans gold
    Show all (4) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 129 $29,575,000 $229,264 $2,148 3.56%
    Farmington, MO (FHA|USDA|VA) 145 $27,255,000 $187,966 $2,010 3.76%
    Outside of Metro Areas 147 $20,375,000 $138,605 $1,529 3.77%
    OCALA, FL (FHA|USDA|VA) 1 $965,000 $965,000 $11,011 4.38%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 5 $715,000 $143,000 $2,183 4.28%
    Ozarks Federal Savings And Loan Association's top markets include St. Louis, Farmington, Ocala, and Cape Girardeau among others.

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

    HNB National Bank
    Similarity Rank: 165
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 825
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 1090
    MISSOURI Credit Union
    Similarity Rank: 1216
    INB
    Similarity Rank: 1241
    ALLTRU Federal Credit Union
    Similarity Rank: 1316

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 427 $78,885,000 $184,742 $1,907 3.71%

    For 2020, Ozarks Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 427 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 228 $40,070,000 $175,746 $1,405 3.27%
    Home Purchase 170 $36,570,000 $215,118 $2,795 4.18%
    Home Improvement 15 $645,000 $43,000 $768 4.34%
    Other 9 $595,000 $66,111 $997 4.35%
    Cash Out Refi 5 $1,005,000 $201,000 $1,428 4.83%

    For 2020, Ozarks Federal Savings And Loan Association's most frequently cited loan purpose was Refi, with 228 originations. The 2nd most popular reason was Home Purchase, with 170 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 219 $40,725,000 $185,959 $1,713 3.64%
    30+ year 70 $21,730,000 $310,429 $3,786 4.33%
    15 Year 52 $6,200,000 $119,231 $1,187 3.23%
    20 Year 35 $4,385,000 $125,286 $1,202 3.55%
    10 Year 27 $1,635,000 $60,556 $943 3.80%
    Other 23 $4,145,000 $180,217 $1,832 3.76%
    5 Year 1 $65,000 $65,000 $1,043 3.13%

    For 2020, Ozarks Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 219 originations. The 2nd most popular length was 30+ year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 351 $57,725,000 $164,459
    $2k-3k 32 $11,270,000 $352,188
    $1k-2k 24 $4,350,000 $181,250
    $3k-4k 6 $3,040,000 $506,667
    $4k-5k 1 $305,000 $305,000
    $5k+ 1 $435,000 $435,000

    Ozarks Federal Savings And Loan Association's average total fees were $1,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 351 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 142 $24,080,000 $169,577
    4-5% 131 $27,545,000 $210,267
    2.5-3% 121 $23,305,000 $192,603
    5-6% 21 $2,705,000 $128,810
    <2.5% 11 $1,215,000 $110,455
    6-7% 1 $35,000 $35,000

    During 2020, Ozarks Federal Savings And Loan Association's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 3-4%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 151 $21,865,000 $144,801 $1,622 3.56%
    $100,000 or less 125 $8,135,000 $65,080 $1,169 3.91%
    $200k-400k 122 $33,680,000 $276,066 $2,331 3.66%
    $400k-600k 23 $10,785,000 $468,913 $4,334 3.93%
    $600k-1MM 6 $4,420,000 $736,667 $6,181 3.79%

    2020 saw Ozarks Federal Savings And Loan Association place emphasis on $100k-200k loans with 151 originations, totaling $21,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 100 $24,210,000 $242,100 $2,279 3.77%
    $50k-75k 96 $12,820,000 $133,542 $1,443 3.50%
    $75k-100k 87 $15,185,000 $174,540 $1,782 3.65%
    $50k or less 81 $7,415,000 $91,543 $1,391 3.88%
    $150k-250k 45 $13,445,000 $298,778 $2,859 3.69%
    $250k+ 8 $4,140,000 $517,500 $4,520 3.61%

    Ozarks Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 100 originations. The second most popular income band? $50k-75k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $25,030,000 $171,438 $1,856 3.69%
    30-36% 70 $14,070,000 $201,000 $1,944 3.58%
    <20% 54 $8,040,000 $148,889 $1,875 3.56%
    41% 17 $3,255,000 $191,471 $2,075 3.71%
    38% 17 $3,605,000 $212,059 $1,713 3.99%
    39% 15 $2,735,000 $182,333 $1,723 3.36%
    43% 15 $3,155,000 $210,333 $2,306 4.10%
    37% 14 $2,580,000 $184,286 $1,369 3.46%
    36% 13 $1,775,000 $136,538 $1,279 4.10%
    42% 12 $2,630,000 $219,167 $2,182 3.56%
    44% 11 $2,865,000 $260,455 $2,687 4.01%
    40% 9 $1,925,000 $213,889 $1,419 3.53%
    50-60% 6 $1,650,000 $275,000 $3,325 4.23%
    47% 4 $1,310,000 $327,500 $3,939 4.06%
    48% 4 $500,000 $125,000 $1,093 3.53%
    49% 4 $980,000 $245,000 $1,641 3.50%
    46% 3 $405,000 $135,000 $1,419 3.67%
    45% 2 $340,000 $170,000 $1,700 3.69%
    >60% 1 $485,000 $485,000 $3,332 5.13%

    Ozarks Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 385 $71,715,000 $186,273 $1,885 3.67%
    Not provided 33 $6,045,000 $183,182 $2,205 3.96%
    Not applicable 7 $1,005,000 $143,571 $0 4.63%
    Asian 1 $75,000 $75,000 $996 2.50%
    American Indian 1 $45,000 $45,000 $1,798 4.88%

    Approval Rates

    Total approvals of all applications
    90.66%

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

    Pick Rate

    Approvals leading to origination
    83.61%

    Ozarks Federal Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 427 $78,885,000 $184,742

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $760,000 $380,000
    Single Family (1-4 Units):Manufactured 18 $1,710,000 $95,000
    Single Family (1-4 Units):Site-Built 407 $76,415,000 $187,752

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $2,450,000 $87,500 $1,085 3.38%
    40-60% 50 $7,560,000 $151,200 $1,703 3.34%
    60-80% 185 $32,925,000 $177,973 $1,875 3.60%
    80-100% 152 $34,700,000 $228,289 $2,257 3.98%
    Over 100% 1 $475,000 $475,000 $0 5.63%
    Under 20% 10 $290,000 $29,000 $582 4.20%

    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 $14,550
    Ozarks Federal Savings and Loan Association 2 East Columbia Farmington, MO 63640 Full Service B&M $91,954
    Ozarks Federal Savings and Loan Association 211 South Main Street Ironton, MO 63650 Full Service B&M $31,204
    Ozarks Federal Savings and Loan Association 217 West Main Fredericktown, MO 63645 Full Service B&M $19,972
    Ozarks Federal Savings and Loan Association 643 North Creek Drive Festus, MO 63028 Full Service B&M $59,323

    For 2020, Ozarks Federal Savings And Loan Association had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,938
    Net interest income $6,186
    Total noninterest income $1,309
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $48
    Trading account gains and fees $0
    Additional Noninterest Income $1,261
    Pre-tax net operating income $1,052
    Securities gains (or losses, -) $0
    Income before extraordinary items $821
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $821
    Minority interest net income $0
    Net income $821
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $821

    Ozarks Federal Savings And Loan Association's gross interest income from loans was $8,938,000.
    Ozarks Federal Savings And Loan Association's net interest income from loans was $6,186,000.
    Ozarks Federal Savings And Loan Association's fee based income from loans was $48,000.
    Ozarks Federal Savings And Loan Association's net income from loans was $821,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,752
    Provision for credit losses $15
    Total noninterest expense $6,428
    Salaries and employee benefits $4,000
    Premises and equipment expense $678
    Additional noninterest expense $1,750
    Applicable income taxes $231
    Net charge-offs $0
    Cash dividends $0

    Ozarks Federal Savings And Loan Association's interest expense for loans was $2,752,000.
    Ozarks Federal Savings And Loan Association's payroll and benefits expense were $4,000,000.
    Ozarks Federal Savings And Loan Association's property, plant and equipment expenses $678,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 $206,123
    Deposits held in domestic offices $206,123
    Deposits by Individuals, partnerships, and corporations $202,044
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,075
    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 $48,847
    Demand deposits $10,279
    Nontransaction accounts $157,276
    Money market deposit accounts (MMDAs) $24,488
    Other savings deposits (excluding MMDAs) $21,711
    Total time deposits $111,077
    Total time and savings deposits $195,844
    Noninterest-bearing deposits $10,271
    Interest-bearing deposits $195,852
    Retail deposits $193,840
    IRAs and Keogh plan accounts $16,500
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $257,996
    Cash & Balances due from depository institutions $37,345
    Interest-bearing balances $33,993
    Total securities $16,872
    Federal funds sold & reverse repurchase $0
    Net loans and leases $184,383
    Loan and leases loss allowance $1,255
    Trading account assets $0
    Bank premises and fixed assets $6,123
    Other real estate owned $0
    Goodwill and other intangibles $303
    All other assets $12,970

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $257,996
    Total Liabilities $223,489
    Total deposits $206,123
    Interest-bearing deposits $195,852
    Deposits held in domestic offices $206,123
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,508
    Subordinated debt $0
    All other liabilities $1,858

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $184,383
    Loan and leases loss allowance $1,255
    Total loans and leases (domestic) $185,638
    All real estate loans $185,223
    Real estate loans in domestic offices $185,223
    Construction and development loans $17,953
    Residential 1-4 family construction $11,276
    Other construction, all land development and other land $6,677
    Loans secured by nonfarm nonresidential properties $7,749
    Nonfarm nonresidential secured by owner-occupied properties $3,429
    Commercial real estate & other non-farm, non-residential $4,320
    Multifamily residential real estate $7,589
    1-4 family residential loans $151,932
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $415
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $415
    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 $468
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ozarks Federal Savings and Loan Association had $184,383,000 of loans outstanding in 2020. $185,223,000 of loans were in real estate loans. $17,953,000 of loans were in development loans. $7,589,000 of loans were in multifamily mortgage loans. $151,932,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 32 $4,979 $155,594
    Nonfarm, nonresidential loans - <$100k 8 $376 $47,000
    Nonfarm, nonresidential loans - $100-250k 13 $1,359 $104,538
    Nonfarm, nonresidential loans - $250k-1MM 11 $3,244 $294,909