Meramec Valley Bank Mortgage Rates, Fees & Info
Ellisville, MOLEI: 549300SVQUT5ZO95KS15
Tax ID: 43-0405480
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Mortgage Data
Review & Overview
Meramec Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Meramec Valley Bank has a high proportion of conventional loans. Their top two markets are St. Louis and Columbia .Meramec Valley 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
27Origination Dollar Volume (All Markets)
$7,165,000Top 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) | 25 | $5,175,000 | $207,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $7,165,000 | $265,370 | $0 | 0.00% |
For 2019, Meramec Valley Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 21 | $4,935,000 | $235,000 | $0 | 0.00% |
| Refi | 4 | $2,030,000 | $507,500 | $0 | 0.00% |
| Home Improvement | 2 | $200,000 | $100,000 | $0 | 0.00% |
For 2019, Meramec Valley Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $7,165,000 | $265,370 | $0 | 0.00% |
For 2019, Meramec Valley Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2019 saw Meramec Valley Bank place emphasis on $100k-200k loans with 10 originations, totaling $1,340,000 in origination value.
Applicant Income
Meramec Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $7,165,000 | $265,370 | $0 | 0.00% |
Meramec Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
Meramec Valley Bank has a below average approval rate.
Pick Rate
Approvals leading to origination88.89%
Meramec Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $7,165,000 | $265,370 |