Montgomery Bank Mortgage Rates, Fees & Info
Sikeston, MOLEI: 549300RWMKY0FK1H5L44
Tax ID: 43-0169840
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Mortgage Data
Review & Overview
Montgomery Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Montgomery Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Cape Girardeau, Sikeston, Farmington, and Panama City among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Montgomery Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
341Origination Dollar Volume (All Markets)
$69,845,000Top 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) | 158 | $33,940,000 | $214,810 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 96 | $13,820,000 | $143,958 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 55 | $8,575,000 | $155,909 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $6,845,000 | $402,647 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 2 | $3,210,000 | $1,605,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 341 | $69,845,000 | $204,824 | $0 | 0.00% |
For 2024, Montgomery Bank's most frequently originated type of loan was Conventional, with 341 originations.
Loan Reason
For 2024, Montgomery Bank's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Home Improvement, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 341 | $69,845,000 | $204,824 | $0 | 0.00% |
For 2024, Montgomery Bank's most frequently cited loan duration was Other, with 341 originations.
Loan Sizing
2024 saw Montgomery Bank place emphasis on $100,000 or less loans with 143 originations, totaling $7,995,000 in origination value.
Applicant Income
Montgomery Bank lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $50k or less, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 341 | $69,845,000 | $204,824 | $0 | 0.00% |
Montgomery Bank lent most frequently to those with DTI ratios of Exempt%, with 341 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.16%
Montgomery Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.11%
Montgomery Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 341 | $69,845,000 | $204,824 |