Clay County Savings Bank Mortgage Rates, Fees & Info

Liberty, MO

LEI: 549300RZPBSWI1W4LT95

Tax ID: 44-0202690

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
  • 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

    Clay County Savings Bank is a smaller bank specializing in Home Purchase loans. Clay County Savings Bank has a high proportion of conventional loans. Their top two markets are Kansas City and Springfield .

    Clay County Savings Bank 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.

    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

    36

    Origination Dollar Volume (All Markets)

    $13,290,000

    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) 34 $12,850,000 $377,941 $0 0.00%
    Outside of Metro Areas 1 $265,000 $265,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Clay County Savings Bank's top markets include Kansas City and Springfield among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Clay County Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 280
    HNB National Bank
    Similarity Rank: 495
    Landmark National Bank
    Similarity Rank: 507
    Central National Bank
    Similarity Rank: 638
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 688
    ASSEMBLIES OF GOD Credit Union
    Similarity Rank: 1215
    Stifel Bank and Trust
    Similarity Rank: 2366
    Oakstar Bank
    Similarity Rank: 2368
    Mid-America Bank
    Similarity Rank: 2478
    Mazuma Credit Union
    Similarity Rank: 2832

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $13,290,000 $369,167 $0 0.00%

    For 2023, Clay County Savings Bank's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $8,725,000 $459,211 $0 0.00%
    Other 8 $640,000 $80,000 $0 0.00%
    Cash Out Refi 6 $1,620,000 $270,000 $0 0.00%
    Refi 3 $2,305,000 $768,333 $0 0.00%

    For 2023, Clay County Savings Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Other, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $13,290,000 $369,167 $0 0.00%

    For 2023, Clay County Savings Bank's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 10 $1,530,000 $153,000 $0 0.00%
    $400k-600k 8 $3,780,000 $472,500 $0 0.00%
    $100,000 or less 7 $335,000 $47,857 $0 0.00%
    $200k-400k 6 $1,580,000 $263,333 $0 0.00%
    $1MM+ 3 $4,585,000 $1,528,333 $0 0.00%
    $600k-1MM 2 $1,480,000 $740,000 $0 0.00%

    2023 saw Clay County Savings Bank place emphasis on $100k-200k loans with 10 originations, totaling $1,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $2,585,000 $287,222 $0 0.00%
    $100k-150k 7 $1,665,000 $237,857 $0 0.00%
    $50k-75k 5 $785,000 $157,000 $0 0.00%
    $250k+ 3 $1,995,000 $665,000 $0 0.00%
    $75k-100k 3 $105,000 $35,000 $0 0.00%
    $50k or less 1 $155,000 $155,000 $0 0.00%

    Clay County Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $13,290,000 $369,167 $0 0.00%

    Clay County Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $7,290,000 $260,357 $0 0.00%
    Not applicable 8 $6,000,000 $750,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.00%

    Clay County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.44%

    Clay County Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $13,290,000 $369,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $13,290,000 $369,167