Montgomery Bank Mortgage Rates, Fees & Info

Sikeston, MO

LEI: 549300RWMKY0FK1H5L44

Tax ID: 43-0169840

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Mortgage Data

Review & Overview

Montgomery Bank is a smaller bank specializing in Home Purchase loans. Montgomery Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Cape Girardeau, Sikeston, Glenwood Springs, and Nashville 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 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

357

Origination Dollar Volume (All Markets)

$65,435,000

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 151 $31,885,000 $211,159 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 122 $18,700,000 $153,279 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 50 $4,730,000 $94,600 $0 0.00%
Outside of Metro Areas 16 $2,220,000 $138,750 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,975,000 $1,975,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,020,000 $510,000 $0 0.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $955,000 $955,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $745,000 $745,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
Lebanon, NH-VT (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
DECATUR, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Montgomery Bank's top markets include St. Louis, Cape Girardeau, Sikeston, Glenwood Springs, and Nashville among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 357 $65,435,000 $183,291 $0 0.00%

    For 2022, Montgomery Bank's most frequently originated type of loan was Conventional, with 357 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 157 $33,345,000 $212,389 $0 0.00%
    Home Improvement 73 $4,635,000 $63,493 $0 0.00%
    Refi 57 $12,415,000 $217,807 $0 0.00%
    Other 46 $4,840,000 $105,217 $0 0.00%
    Cash Out Refi 24 $10,200,000 $425,000 $0 0.00%

    For 2022, Montgomery Bank's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Home Improvement, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 357 $65,435,000 $183,291 $0 0.00%

    For 2022, Montgomery Bank's most frequently cited loan duration was Other, with 357 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 169 $9,575,000 $56,657 $0 0.00%
    $100k-200k 103 $14,895,000 $144,612 $0 0.00%
    $200k-400k 54 $14,280,000 $264,444 $0 0.00%
    $400k-600k 14 $6,650,000 $475,000 $0 0.00%
    $600k-1MM 11 $8,535,000 $775,909 $0 0.00%
    $1MM+ 6 $11,500,000 $1,916,667 $0 0.00%

    2022 saw Montgomery Bank place emphasis on $100,000 or less loans with 169 originations, totaling $9,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 85 $9,795,000 $115,235 $0 0.00%
    $50k or less 83 $8,815,000 $106,205 $0 0.00%
    $100k-150k 50 $5,500,000 $110,000 $0 0.00%
    $75k-100k 40 $5,400,000 $135,000 $0 0.00%
    $250k+ 39 $19,355,000 $496,282 $0 0.00%
    $150k-250k 29 $4,675,000 $161,207 $0 0.00%

    Montgomery Bank lent most frequently to those with incomes in the $50k-75k range, with 85 originations. The second most popular income band? $50k or less, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 357 $65,435,000 $183,291 $0 0.00%

    Montgomery Bank lent most frequently to those with DTI ratios of Exempt%, with 357 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 306 $50,420,000 $164,771 $0 0.00%
    Not applicable 21 $11,245,000 $535,476 $0 0.00%
    Black 14 $1,520,000 $108,571 $0 0.00%
    Not provided 11 $1,405,000 $127,727 $0 0.00%
    Asian 3 $425,000 $141,667 $0 0.00%
    Other Pacific Islander 1 $295,000 $295,000 $0 0.00%
    Other Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.84%

    Montgomery Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.04%

    Montgomery Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 357 $65,435,000 $183,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    357 $65,435,000 $183,291