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)

    • 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: St. Louis, Farmington, Nashville, Deltona, and Cape Girardeau among others. We have data for 7 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% 4/28/24
    30 Year Conventional Refi 6.02% 4/28/24
    30 Year Cash-out Refi 5.66% 4/28/24
    15 Year Conventional Purchase 5.08% 4/28/24
    15 Year Conventional Refi 5.77% 4/28/24
    15 Year Cash-out Refi 5.77% 4/28/24
    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

    316

    Origination Dollar Volume (All Markets)

    $67,110,000
    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 105 $28,295,000 $269,476 $2,968 4.15%
    Farmington, MO (FHA|USDA|VA) 105 $19,935,000 $189,857 $2,098 4.08%
    Outside of Metro Areas 100 $16,520,000 $165,200 $1,864 4.34%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,395,000 $1,395,000 $14,345 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 4.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 3 $295,000 $98,333 $1,484 4.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $285,000 $285,000 $4,623 4.50%
    Ozarks Federal Savings And Loan Association's top markets include St. Louis, Farmington, Nashville, Deltona, and Cape Girardeau among others.

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 140
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 316 $67,110,000 $212,373 $2,355 4.19%

    For 2022, Ozarks Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 316 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 162 $43,800,000 $270,370 $3,160 4.10%
    Refi 104 $19,130,000 $183,942 $1,748 3.90%
    Home Improvement 33 $2,405,000 $72,879 $1,120 5.27%
    Other 15 $1,045,000 $69,667 $1,020 4.81%
    Cash Out Refi 2 $730,000 $365,000 $2,052 4.19%

    For 2022, Ozarks Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Refi, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $31,130,000 $185,298 $2,024 4.21%
    30+ year 77 $29,535,000 $383,571 $4,132 3.87%
    10 Year 21 $1,085,000 $51,667 $809 4.96%
    20 Year 19 $1,655,000 $87,105 $1,474 5.01%
    15 Year 17 $1,915,000 $112,647 $1,279 4.07%
    Other 14 $1,790,000 $127,857 $1,541 3.60%

    For 2022, Ozarks Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 30+ year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 243 $42,655,000 $175,535
    $2k-3k 36 $12,580,000 $349,444
    $1k-2k 17 $3,475,000 $204,412
    $3k-4k 9 $4,445,000 $493,889
    $5k+ 2 $2,380,000 $1,190,000

    Ozarks Federal Savings And Loan Association's average total fees were $2,024, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 243 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 106 $21,470,000 $202,547
    4-5% 103 $23,485,000 $228,010
    2.5-3% 47 $14,075,000 $299,468
    5-6% 46 $7,070,000 $153,696
    6-7% 13 $955,000 $73,462
    7-8% 1 $55,000 $55,000

    During 2022, Ozarks Federal Savings And Loan Association's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 98 $26,930,000 $274,796 $2,859 3.95%
    $100,000 or less 91 $5,275,000 $57,967 $1,264 4.75%
    $100k-200k 90 $13,030,000 $144,778 $1,799 4.05%
    $400k-600k 28 $13,720,000 $490,000 $4,576 3.75%
    $600k-1MM 6 $4,380,000 $730,000 $4,157 3.71%
    $1MM+ 3 $3,775,000 $1,258,333 $10,585 4.29%

    2022 saw Ozarks Federal Savings And Loan Association place emphasis on $200k-400k loans with 98 originations, totaling $26,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 81 $20,955,000 $258,704 $2,593 4.15%
    $50k-75k 81 $11,685,000 $144,259 $1,920 4.23%
    $50k or less 55 $6,085,000 $110,636 $1,716 4.30%
    $75k-100k 45 $8,825,000 $196,111 $2,190 4.16%
    $150k-250k 28 $7,470,000 $266,786 $3,095 4.06%
    $250k+ 13 $7,825,000 $601,923 $4,970 3.79%

    Ozarks Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $50k-75k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $14,445,000 $187,597 $2,247 4.19%
    30-36% 75 $15,595,000 $207,933 $2,308 4.21%
    <20% 30 $5,130,000 $171,000 $2,067 4.05%
    38% 14 $2,830,000 $202,143 $2,668 4.12%
    40% 14 $2,620,000 $187,143 $1,984 4.64%
    41% 13 $2,575,000 $198,077 $2,532 4.08%
    36% 13 $3,375,000 $259,615 $2,928 3.53%
    43% 11 $2,985,000 $271,364 $3,413 4.31%
    42% 10 $2,470,000 $247,000 $1,865 4.10%
    37% 9 $2,005,000 $222,778 $2,516 4.19%
    44% 9 $2,575,000 $286,111 $2,506 4.21%
    39% 9 $1,645,000 $182,778 $2,106 4.57%
    50-60% 5 $915,000 $183,000 $2,293 3.85%
    49% 3 $1,695,000 $565,000 $5,628 4.75%
    45% 3 $595,000 $198,333 $1,196 4.75%
    48% 3 $475,000 $158,333 $1,704 5.25%
    46% 2 $590,000 $295,000 $2,610 3.19%
    >60% 1 $395,000 $395,000 $2,652 2.88%
    47% 1 $245,000 $245,000 $1,643 2.88%

    Ozarks Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $60,425,000 $210,540 $2,336 4.16%
    Not provided 14 $3,120,000 $222,857 $2,390 4.12%
    Not applicable 10 $2,380,000 $238,000 $3,476 4.73%
    Asian 2 $480,000 $240,000 $3,565 5.38%
    Black 1 $315,000 $315,000 $2,250 5.25%
    American Indian 1 $305,000 $305,000 $4,864 4.13%
    Native Hawaiian or Islander 1 $85,000 $85,000 $1,389 3.88%

    Approval Rates

    Total approvals of all applications
    94.47%

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

    Pick Rate

    Approvals leading to origination
    87.66%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 316 $67,110,000 $212,373

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    316 $67,110,000 $212,373

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,835,000 $79,783 $1,565 4.57%
    40-60% 54 $9,000,000 $166,667 $2,017 3.95%
    60-80% 100 $24,750,000 $247,500 $2,552 4.03%
    80-100% 113 $30,365,000 $268,717 $2,889 4.04%
    Over 100% 1 $265,000 $265,000 $2,649 5.00%
    Under 20% 25 $895,000 $35,800 $714 5.63%