Sherwood Community Bank Mortgage Rates, Fees & Info

CREIGHTON, MO

LEI: 549300OZM8CQ84QZFF17

Tax ID: 44-0161800

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Sherwood Community Bank is a smaller bank specializing in Home Purchase loans. Sherwood Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Louis, and Sedalia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    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.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $10,300,000

    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) 37 $8,095,000 $218,784 $0 0.00%
    Outside of Metro Areas 9 $1,945,000 $216,111 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Sherwood Community Bank's top markets include Kansas City, St. Louis, and Sedalia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $10,300,000 $214,583 $0 0.00%

    For 2023, Sherwood Community Bank's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $7,285,000 $269,815 $0 0.00%
    Home Improvement 11 $1,875,000 $170,455 $0 0.00%
    Cash Out Refi 7 $375,000 $53,571 $0 0.00%
    Refi 3 $765,000 $255,000 $0 0.00%

    For 2023, Sherwood Community Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $10,300,000 $214,583 $0 0.00%

    For 2023, Sherwood Community Bank's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 17 $4,685,000 $275,588 $0 0.00%
    $100,000 or less 13 $675,000 $51,923 $0 0.00%
    $100k-200k 10 $1,310,000 $131,000 $0 0.00%
    $400k-600k 8 $3,630,000 $453,750 $0 0.00%

    2023 saw Sherwood Community Bank place emphasis on $200k-400k loans with 17 originations, totaling $4,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $3,020,000 $251,667 $0 0.00%
    $75k-100k 9 $1,005,000 $111,667 $0 0.00%
    $150k-250k 8 $2,920,000 $365,000 $0 0.00%
    $50k-75k 6 $850,000 $141,667 $0 0.00%
    $50k or less 4 $190,000 $47,500 $0 0.00%
    $250k+ 2 $530,000 $265,000 $0 0.00%

    Sherwood Community Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $10,300,000 $214,583 $0 0.00%

    Sherwood Community Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $7,265,000 $196,351 $0 0.00%
    Not applicable 6 $1,290,000 $215,000 $0 0.00%
    Not provided 3 $1,265,000 $421,667 $0 0.00%
    American Indian 2 $480,000 $240,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.92%

    Sherwood Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.83%

    Sherwood Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $10,300,000 $214,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $10,300,000 $214,583