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
  • Complaints
  • 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 and Refi loans. Clay County Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Kansas City.

    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

    47

    Origination Dollar Volume (All Markets)

    $7,445,000

    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) 44 $7,090,000 $161,136 $0 0.00%
    Outside of Metro Areas 3 $355,000 $118,333 $0 0.00%
    Clay County Savings Bank's top markets include and Kansas City 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.

    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 651
    Central Bank of Warrensburg
    Similarity Rank: 1032
    Hawthorn Bank
    Similarity Rank: 1564
    Central National Bank
    Similarity Rank: 1881
    Capitol Federal Savings Bank
    Similarity Rank: 2128
    Platte Valley Bank of Missouri
    Similarity Rank: 2184
    Union Bank and Trust Company
    Similarity Rank: 2268

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $7,445,000 $158,404 $0 0.00%

    For 2019, Clay County Savings Bank's most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $3,490,000 $193,889 $0 0.00%
    Refi 13 $1,835,000 $141,154 $0 0.00%
    Cash Out Refi 9 $1,325,000 $147,222 $0 0.00%
    Other 4 $640,000 $160,000 $0 0.00%
    Home Improvement 3 $155,000 $51,667 $0 0.00%

    For 2019, Clay County Savings Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 47 $7,445,000 $158,404 $0 0.00%

    For 2019, Clay County Savings Bank's most frequently cited loan duration was Other, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,400,000 $133,333 $0 0.00%
    $100,000 or less 15 $1,015,000 $67,667 $0 0.00%
    $200k-400k 13 $3,605,000 $277,308 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2019 saw Clay County Savings Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $2,205,000 $200,455 $0 0.00%
    $50k-75k 9 $855,000 $95,000 $0 0.00%
    $50k or less 6 $460,000 $76,667 $0 0.00%
    $75k-100k 6 $1,040,000 $173,333 $0 0.00%
    $150k-250k 3 $445,000 $148,333 $0 0.00%
    $250k+ 2 $790,000 $395,000 $0 0.00%

    Clay County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 47 $7,445,000 $158,404 $0 0.00%

    Clay County Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $5,370,000 $149,167 $0 0.00%
    Not applicable 10 $1,650,000 $165,000 $0 0.00%
    Asian 1 $425,000 $425,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.31%

    Clay County Savings 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
    72.34%

    Clay County Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 47 $7,445,000 $158,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 47 $7,445,000 $158,404

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ClosingMark Financial Services, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    ClosingMark Financial Services, LLC Conventional home mortgage Closing on a mortgage 1 50.0%