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: Farmington, St. Louis, Jefferson City, 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

    450

    Origination Dollar Volume (All Markets)

    $85,990,000

    Employee count

    57 Show all (5) 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) 182 $34,960,000 $192,088 $1,815 3.08%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 139 $31,995,000 $230,180 $2,234 3.09%
    Outside of Metro Areas 126 $18,790,000 $149,127 $1,594 3.19%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $155,000 $155,000 $1,593 3.00%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $90,000 $45,000 $839 4.06%
    Ozarks Federal Savings And Loan Association's top markets include Farmington, St. Louis, Jefferson City, and Cape Girardeau among others.

    Their top states include:
  • Missouri (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.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 380
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 450 $85,990,000 $191,089 $1,880 3.12%

    For 2021, Ozarks Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 450 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 249 $46,975,000 $188,655 $1,358 2.96%
    Home Purchase 172 $37,560,000 $218,372 $2,861 3.23%
    Other 16 $610,000 $38,125 $710 3.78%
    Home Improvement 9 $455,000 $50,556 $799 3.63%
    Cash Out Refi 4 $390,000 $97,500 $1,291 4.34%

    For 2021, Ozarks Federal Savings And Loan Association's most frequently cited loan purpose was Refi, with 249 originations. The 2nd most popular reason was Home Purchase, with 172 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 226 $43,000,000 $190,265 $1,630 3.14%
    30+ year 78 $23,640,000 $303,077 $3,811 3.25%
    15 Year 62 $7,720,000 $124,516 $1,146 2.62%
    20 Year 27 $4,865,000 $180,185 $1,415 3.12%
    Other 27 $5,455,000 $202,037 $1,490 3.25%
    10 Year 25 $1,055,000 $42,200 $852 3.61%
    5 Year 5 $255,000 $51,000 $934 3.08%

    For 2021, Ozarks Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 226 originations. The 2nd most popular length was 30+ year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 366 $60,660,000 $165,738
    $2k-3k 33 $10,675,000 $323,485
    $1k-2k 28 $6,240,000 $222,857
    $3k-4k 8 $3,290,000 $411,250
    $4k-5k 1 $545,000 $545,000
    $5k+ 1 $975,000 $975,000

    Ozarks Federal Savings And Loan Association's average total fees were $1,630, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 366 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 249 $52,385,000 $210,382
    3-4% 148 $26,550,000 $179,392
    <2.5% 31 $4,625,000 $149,194
    4-5% 21 $2,415,000 $115,000
    5-6% 1 $15,000 $15,000

    During 2021, Ozarks Federal Savings And Loan Association's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 249 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 165 $23,755,000 $143,970 $1,515 3.06%
    $200k-400k 136 $37,530,000 $275,956 $2,438 3.10%
    $100,000 or less 116 $7,240,000 $62,414 $1,169 3.27%
    $400k-600k 30 $14,180,000 $472,667 $3,667 2.95%
    $600k-1MM 2 $1,580,000 $790,000 $7,093 2.88%
    $1MM+ 1 $1,705,000 $1,705,000 $0 3.00%

    2021 saw Ozarks Federal Savings And Loan Association place emphasis on $100k-200k loans with 165 originations, totaling $23,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $30,745,000 $242,087 $2,292 3.07%
    $50k or less 98 $9,370,000 $95,612 $1,393 3.15%
    $50k-75k 87 $12,565,000 $144,425 $1,685 3.13%
    $75k-100k 81 $14,325,000 $176,852 $1,759 3.14%
    $150k-250k 38 $12,530,000 $329,737 $2,304 2.99%
    $250k+ 5 $2,295,000 $459,000 $2,958 2.70%

    Ozarks Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $50k or less, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $23,940,000 $190,000 $1,814 2.98%
    30-36% 87 $15,675,000 $180,172 $1,840 3.19%
    <20% 69 $10,645,000 $154,275 $1,604 3.02%
    38% 23 $4,135,000 $179,783 $1,787 3.35%
    39% 18 $3,790,000 $210,556 $2,140 3.15%
    43% 17 $3,415,000 $200,882 $1,685 2.95%
    37% 17 $3,865,000 $227,353 $2,136 3.04%
    41% 15 $2,805,000 $187,000 $1,948 3.48%
    44% 15 $3,555,000 $237,000 $2,585 3.29%
    36% 12 $2,490,000 $207,500 $2,281 3.31%
    40% 10 $1,690,000 $169,000 $1,764 3.14%
    42% 8 $1,700,000 $212,500 $1,914 3.00%
    46% 5 $1,175,000 $235,000 $2,802 2.83%
    48% 3 $725,000 $241,667 $3,255 3.08%
    49% 3 $845,000 $281,667 $2,375 3.21%
    50-60% 3 $525,000 $175,000 $2,354 3.42%
    47% 2 $230,000 $115,000 $1,693 3.06%
    45% 2 $410,000 $205,000 $1,502 2.88%
    >60% 1 $355,000 $355,000 $2,751 3.75%

    Ozarks Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $75,835,000 $185,416 $1,844 3.11%
    Not provided 27 $6,415,000 $237,593 $2,485 3.07%
    Not applicable 12 $3,560,000 $296,667 $1,911 3.66%
    Black 1 $145,000 $145,000 $1,222 2.88%
    Asian 1 $35,000 $35,000 $1,114 2.63%

    Approval Rates

    Total approvals of all applications
    93.13%

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

    Pick Rate

    Approvals leading to origination
    86.44%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 450 $85,990,000 $191,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    450 $85,990,000 $191,089

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $2,790,000 $93,000 $1,277 2.98%
    40-60% 70 $9,780,000 $139,714 $1,806 3.10%
    60-80% 202 $42,670,000 $211,238 $1,828 3.04%
    80-100% 131 $30,225,000 $230,725 $2,297 3.20%
    Under 20% 17 $525,000 $30,882 $733 3.71%

    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 $13,945
    Ozarks Federal Savings and Loan Association 2 East Columbia Farmington, MO 63640 Full Service B&M $89,301
    Ozarks Federal Savings and Loan Association 211 South Main Street Ironton, MO 63650 Full Service B&M $32,567
    Ozarks Federal Savings and Loan Association 217 West Main Fredericktown, MO 63645 Full Service B&M $20,439
    Ozarks Federal Savings and Loan Association 643 North Creek Drive Festus, MO 63028 Full Service B&M $47,510

    For 2021, Ozarks Federal Savings And Loan Association had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,350
    Net interest income $6,025
    Total noninterest income $1,589
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $42
    Trading account gains and fees $0
    Additional Noninterest Income $1,547
    Pre-tax net operating income $1,221
    Securities gains (or losses, -) $0
    Income before extraordinary items $956
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $956
    Minority interest net income $0
    Net income $956
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $956

    Ozarks Federal Savings And Loan Association's gross interest income from loans was $7,350,000.
    Ozarks Federal Savings And Loan Association's net interest income from loans was $6,025,000.
    Ozarks Federal Savings And Loan Association's fee based income from loans was $42,000.
    Ozarks Federal Savings And Loan Association's net income from loans was $956,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,325
    Provision for credit losses $-140
    Total noninterest expense $6,533
    Salaries and employee benefits $3,988
    Premises and equipment expense $637
    Additional noninterest expense $1,908
    Applicable income taxes $265
    Net charge-offs $-7
    Cash dividends $0

    Ozarks Federal Savings And Loan Association's interest expense for loans was $1,325,000.
    Ozarks Federal Savings And Loan Association's payroll and benefits expense were $3,988,000.
    Ozarks Federal Savings And Loan Association's property, plant and equipment expenses $637,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    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 $195,953
    Deposits held in domestic offices $195,953
    Deposits by Individuals, partnerships, and corporations $192,606
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,343
    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 $53,589
    Demand deposits $11,447
    Nontransaction accounts $142,364
    Money market deposit accounts (MMDAs) $26,285
    Other savings deposits (excluding MMDAs) $26,899
    Total time deposits $89,180
    Total time and savings deposits $184,506
    Noninterest-bearing deposits $14,463
    Interest-bearing deposits $181,490
    Retail deposits $190,274
    IRAs and Keogh plan accounts $15,798
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $244,139
    Cash & Balances due from depository institutions $39,125
    Interest-bearing balances $36,567
    Total securities $18,477
    Federal funds sold & reverse repurchase $0
    Net loans and leases $163,711
    Loan and leases loss allowance $1,122
    Trading account assets $0
    Bank premises and fixed assets $5,958
    Other real estate owned $45
    Goodwill and other intangibles $413
    All other assets $16,410

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $244,139
    Total Liabilities $206,810
    Total deposits $195,953
    Interest-bearing deposits $181,490
    Deposits held in domestic offices $195,953
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,189
    Subordinated debt $0
    All other liabilities $2,668

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $163,711
    Loan and leases loss allowance $1,122
    Total loans and leases (domestic) $164,833
    All real estate loans $164,523
    Real estate loans in domestic offices $164,523
    Construction and development loans $15,404
    Residential 1-4 family construction $9,594
    Other construction, all land development and other land $5,810
    Loans secured by nonfarm nonresidential properties $7,744
    Nonfarm nonresidential secured by owner-occupied properties $3,187
    Commercial real estate & other non-farm, non-residential $4,557
    Multifamily residential real estate $7,263
    1-4 family residential loans $134,112
    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 $310
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $310
    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 $123
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ozarks Federal Savings and Loan Association had $163,711,000 of loans outstanding in 2021. $164,523,000 of loans were in real estate loans. $15,404,000 of loans were in development loans. $7,263,000 of loans were in multifamily mortgage loans. $134,112,000 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 $5,464 $170,750
    Nonfarm, nonresidential loans - <$100k 6 $244 $40,667
    Nonfarm, nonresidential loans - $100-250k 14 $1,324 $94,571
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,896 $324,667