Platte Valley Bank Of Missouri Mortgage Rates, Fees & Info

Platte City, MO

LEI: 549300UVZVO175SZ2808

Tax ID: 44-0247225

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Platte Valley Bank Of Missouri is a smaller bank specializing in Home Purchase and Refi loans. Platte Valley Bank Of Missouri has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, Phoenix, St. Joseph, Joplin, and Albuquerque among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Platte Valley Bank Of Missouri 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. Platte Valley Bank Of Missouri is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    463

    Origination Dollar Volume (All Markets)

    $90,455,000

    Awards

    Platte Valley Bank of Missouri 30 Year Conventional Loans bronze Platte Valley Bank of Missouri 30 Year Conventional Loans silver Platte Valley Bank of Missouri FHA Loans bronze
    Show all (3) awards

    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) 424 $84,640,000 $199,623 $2,923 5.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,550,000 $387,500 $4,123 4.88%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 16 $1,120,000 $70,000 $2,851 5.91%
    Outside of Metro Areas 5 $765,000 $153,000 $2,433 4.33%
    JOPLIN, MO (FHA|USDA|VA) 4 $400,000 $100,000 $1,808 4.25%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $325,000 $325,000 $5,537 4.00%
    TOPEKA, KS (FHA|USDA|VA) 3 $325,000 $108,333 $2,156 4.96%
    TULSA, OK (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,100 4.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,416 4.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $260,000 $130,000 $2,317 4.56%
    Warrensburg, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,211 5.00%
    Platte Valley Bank Of Missouri's top markets include Kansas City, Phoenix, St. Joseph, Joplin, and Albuquerque among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Platte Valley Bank of Missouri 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: 68
    KCB Bank
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    First State Bank and Trust
    Similarity Rank: 580
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 608
    Central National Bank
    Similarity Rank: 696
    Central Bank of Warrensburg
    Similarity Rank: 819
    R-G Federal Credit Union
    Similarity Rank: 825
    Mid-America Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 393 $76,185,000 $193,855 $2,296 5.10%
    FHA 35 $6,265,000 $179,000 $5,181 4.59%
    VA 26 $6,750,000 $259,615 $6,560 4.31%
    USDA 9 $1,255,000 $139,444 $3,703 4.40%

    For 2018, Platte Valley Bank Of Missouri's most frequently originated type of loan was Conventional, with 393 originations. Their 2nd most popular type was FHA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 322 $63,270,000 $196,491 $3,124 4.89%
    Refi 106 $21,650,000 $204,245 $2,058 5.31%
    Cash Out Refi 18 $3,880,000 $215,556 $2,801 4.77%
    Home Improvement 13 $1,355,000 $104,231 $2,629 5.46%
    Other 4 $300,000 $75,000 $1,685 5.78%

    For 2018, Platte Valley Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 297 $61,225,000 $206,145 $3,098 4.71%
    10 Year 70 $11,760,000 $168,000 $1,330 5.76%
    15 Year 28 $3,670,000 $131,071 $2,189 4.41%
    Other 23 $3,275,000 $142,391 $1,284 5.95%
    1 Year 22 $4,080,000 $185,455 $2,458 5.93%
    5 Year 12 $4,910,000 $409,167 $3,198 5.73%
    3 Year 6 $810,000 $135,000 $0 5.42%
    20 Year 5 $725,000 $145,000 $2,157 4.78%

    For 2018, Platte Valley Bank Of Missouri's most frequently cited loan duration was 30 Year, with 297 originations. The 2nd most popular length was 10 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 242 $45,750,000 $189,050
    $1k-2k 94 $19,990,000 $212,660
    $2k-3k 5 $1,375,000 $275,000
    $4k-5k 2 $370,000 $185,000
    $5k+ 2 $480,000 $240,000

    Platte Valley Bank Of Missouri's average total fees were $3,098, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 242 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 258 $52,770,000 $204,535
    5-6% 154 $28,650,000 $186,039
    3-4% 26 $6,010,000 $231,154
    6-7% 22 $2,840,000 $129,091
    7-8% 1 $45,000 $45,000
    Over 8% 1 $55,000 $55,000

    During 2018, Platte Valley Bank Of Missouri's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 193 $28,245,000 $146,347 $2,700 4.92%
    $200k-400k 137 $36,575,000 $266,971 $3,550 4.81%
    $100,000 or less 101 $7,035,000 $69,653 $1,891 5.47%
    $400k-600k 26 $11,840,000 $455,385 $3,605 4.80%
    $1MM+ 3 $4,595,000 $1,531,667 $0 5.38%
    $600k-1MM 3 $2,165,000 $721,667 $3,215 5.08%

    2018 saw Platte Valley Bank Of Missouri place emphasis on $100k-200k loans with 193 originations, totaling $28,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 87 $13,135,000 $150,977 $2,871 4.80%
    $50k or less 83 $9,455,000 $113,916 $2,521 4.98%
    $75k-100k 77 $14,585,000 $189,416 $2,876 4.80%
    $100k-150k 72 $17,330,000 $240,694 $3,646 4.75%
    $150k-250k 55 $14,775,000 $268,636 $2,859 4.85%
    $250k+ 17 $5,595,000 $329,118 $2,293 4.98%

    Platte Valley Bank Of Missouri lent most frequently to those with incomes in the $50k-75k range, with 87 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
    20-30% 101 $20,395,000 $201,931 $2,870 4.78%
    30-36% 81 $15,905,000 $196,358 $2,612 4.84%
    <20% 37 $6,315,000 $170,676 $2,233 4.73%
    38% 17 $3,495,000 $205,588 $3,055 4.85%
    36% 17 $3,725,000 $219,118 $4,294 4.77%
    40% 17 $4,095,000 $240,882 $3,247 4.77%
    41% 14 $2,400,000 $171,429 $2,306 5.02%
    37% 12 $2,200,000 $183,333 $2,661 4.81%
    43% 12 $2,010,000 $167,500 $3,098 5.01%
    39% 11 $1,975,000 $179,545 $2,119 4.64%
    42% 10 $2,260,000 $226,000 $3,615 4.44%
    45% 10 $1,800,000 $180,000 $2,858 4.79%
    50-60% 10 $1,660,000 $166,000 $5,650 4.90%
    46% 7 $1,405,000 $200,714 $4,479 4.71%
    44% 7 $1,075,000 $153,571 $2,280 5.23%
    47% 6 $1,090,000 $181,667 $4,137 4.58%
    48% 5 $915,000 $183,000 $1,983 4.98%
    >60% 5 $585,000 $117,000 $1,829 5.98%
    49% 3 $505,000 $168,333 $2,981 4.50%

    Platte Valley Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $71,415,000 $191,461 $2,874 4.84%
    Not applicable 72 $15,580,000 $216,389 $0 5.86%
    Not provided 8 $1,900,000 $237,500 $4,976 5.13%
    Black 3 $655,000 $218,333 $3,799 4.54%
    American Indian 3 $545,000 $181,667 $3,114 4.63%
    Asian 3 $255,000 $85,000 $2,213 5.13%
    Native Hawaiian or Islander 1 $105,000 $105,000 $2,470 5.38%

    Approval Rates

    Total approvals of all applications
    95.83%

    Platte Valley Bank Of Missouri 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
    85.96%

    Platte Valley Bank Of Missouri has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1095.0 2 $350,000 $175,000
    1687.5 1 $315,000 $315,000
    1700.0 1 $325,000 $325,000
    2030.73 1 $285,000 $285,000
    2987.25 1 $105,000 $105,000
    3821.73 1 $275,000 $275,000
    895.0 1 $175,000 $175,000
    945.0 1 $125,000 $125,000
    NA 454 $88,500,000 $194,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,085,000 $440,714
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 455 $87,335,000 $191,945

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,425,000 $97,000 $1,840 5.15%
    40-60% 47 $8,555,000 $182,021 $2,213 4.90%
    60-80% 182 $38,350,000 $210,714 $2,423 5.21%
    80-100% 192 $38,750,000 $201,823 $3,322 4.80%
    Over 100% 7 $1,835,000 $262,143 $9,597 4.30%
    Under 20% 9 $455,000 $50,556 $678 5.85%