Pony Express Bank Mortgage Rates, Fees & Info

Liberty, MO

LEI: 549300MUCXO2NIUSBW51

Tax ID: 44-0180005

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Mortgage Data

Review & Overview

Pony Express Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Pony Express Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Phoenix, Chicago, Maryville, and Las Vegas among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pony Express Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

50

Origination Dollar Volume (All Markets)

$30,510,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 43 $26,845,000 $624,302 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,965,000 $655,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $815,000 $815,000 $0 0.00%
Maryville, MO (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Hannibal, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Pony Express Bank's top markets include Kansas City, Phoenix, Chicago, Maryville, and Las Vegas among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $30,510,000 $610,200 $0 0.00%

    For 2023, Pony Express Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $12,895,000 $678,684 $0 0.00%
    Other 14 $3,050,000 $217,857 $0 0.00%
    Cash Out Refi 10 $11,350,000 $1,135,000 $0 0.00%
    Refi 6 $3,080,000 $513,333 $0 0.00%
    Home Improvement 1 $135,000 $135,000 $0 0.00%

    For 2023, Pony Express Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Other, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $30,510,000 $610,200 $0 0.00%

    For 2023, Pony Express Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $3,980,000 $284,286 $0 0.00%
    $100k-200k 12 $1,630,000 $135,833 $0 0.00%
    $100,000 or less 10 $510,000 $51,000 $0 0.00%
    $400k-600k 6 $2,790,000 $465,000 $0 0.00%
    $600k-1MM 5 $3,815,000 $763,000 $0 0.00%
    $1MM+ 3 $17,785,000 $5,928,333 $0 0.00%

    2023 saw Pony Express Bank place emphasis on $200k-400k loans with 14 originations, totaling $3,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $3,860,000 $482,500 $0 0.00%
    $150k-250k 7 $3,905,000 $557,857 $0 0.00%
    $100k-150k 6 $1,450,000 $241,667 $0 0.00%
    $50k or less 4 $210,000 $52,500 $0 0.00%
    $75k-100k 4 $1,030,000 $257,500 $0 0.00%
    $50k-75k 2 $280,000 $140,000 $0 0.00%

    Pony Express Bank lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $30,510,000 $610,200 $0 0.00%

    Pony Express Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $19,775,000 $1,040,789 $0 0.00%
    White 27 $8,855,000 $327,963 $0 0.00%
    Not provided 4 $1,880,000 $470,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.15%

    Pony Express Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.00%

    Pony Express Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $30,510,000 $610,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    50 $30,510,000 $610,200