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

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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

    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, St. Joseph, Crestview, Warrensburg, and The Villages among others. We have data for 8 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.

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    Originations

    420

    Origination Dollar Volume (All Markets)

    $87,700,000

    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 silver
    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) 391 $82,385,000 $210,703 $2,854 4.67%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 13 $2,135,000 $164,231 $2,503 4.92%
    Outside of Metro Areas 11 $1,985,000 $180,455 $2,533 5.32%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,638 5.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $235,000 $235,000 $6,518 4.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,954 3.25%
    TOPEKA, KS (FHA|USDA|VA) 1 $175,000 $175,000 $4,829 4.75%
    WICHITA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,524 3.63%
    Platte Valley Bank Of Missouri's top markets include Kansas City, St. Joseph, Crestview, Warrensburg, and The Villages among others.

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

    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 379 $77,755,000 $205,158 $2,356 4.78%
    FHA 24 $5,290,000 $220,417 $6,188 3.97%
    VA 13 $4,005,000 $308,077 $6,545 3.79%
    USDA 4 $650,000 $162,500 $3,670 3.56%

    For 2019, Platte Valley Bank Of Missouri's most frequently originated type of loan was Conventional, with 379 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 245 $52,565,000 $214,551 $3,174 4.65%
    Refi 130 $27,210,000 $209,308 $2,435 4.75%
    Cash Out Refi 31 $6,305,000 $203,387 $2,476 4.44%
    Home Improvement 8 $660,000 $82,500 $2,137 5.70%
    Other 6 $960,000 $160,000 $1,604 5.02%

    For 2019, Platte Valley Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 245 originations. The 2nd most popular reason was Refi, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 249 $60,445,000 $242,751 $2,999 4.14%
    Other 53 $7,995,000 $150,849 $1,678 5.91%
    10 Year 46 $5,840,000 $126,957 $688 5.84%
    15 Year 29 $6,125,000 $211,207 $2,319 4.01%
    1 Year 23 $3,205,000 $139,348 $1,974 5.92%
    5 Year 10 $1,890,000 $189,000 $605 5.90%
    20 Year 9 $2,165,000 $240,556 $2,742 4.38%
    3 Year 1 $35,000 $35,000 $0 5.75%

    For 2019, Platte Valley Bank Of Missouri's most frequently cited loan duration was 30 Year, with 249 originations. The 2nd most popular length was Other, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 144 $32,530,000 $225,903
    $1k-2k 142 $35,260,000 $248,310
    $2k-3k 6 $1,580,000 $263,333
    $3k-4k 3 $605,000 $201,667
    $5k+ 1 $265,000 $265,000

    Platte Valley Bank Of Missouri's average total fees were $2,999, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 144 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 155 $41,315,000 $266,548
    4-5% 123 $25,525,000 $207,520
    5-6% 94 $15,470,000 $164,574
    6-7% 47 $5,335,000 $113,511
    7-8% 1 $55,000 $55,000

    During 2019, Platte Valley Bank Of Missouri's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 165 $46,475,000 $281,667 $3,101 4.21%
    $100k-200k 159 $23,625,000 $148,585 $2,696 4.78%
    $100,000 or less 70 $4,660,000 $66,571 $1,860 5.79%
    $400k-600k 23 $10,315,000 $448,478 $3,045 3.99%
    $600k-1MM 2 $1,520,000 $760,000 $340 5.19%
    $1MM+ 1 $1,105,000 $1,105,000 $0 5.75%

    2019 saw Platte Valley Bank Of Missouri place emphasis on $200k-400k loans with 165 originations, totaling $46,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $25,850,000 $269,271 $2,919 4.26%
    $50k-75k 71 $11,905,000 $167,676 $2,715 4.32%
    $75k-100k 53 $11,615,000 $219,151 $3,508 4.20%
    $150k-250k 49 $14,285,000 $291,531 $2,679 4.39%
    $50k or less 38 $4,620,000 $121,579 $2,419 4.82%
    $250k+ 15 $4,415,000 $294,333 $2,264 4.67%

    Platte Valley Bank Of Missouri lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $50k-75k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $25,150,000 $237,264 $2,564 4.21%
    30-36% 64 $13,840,000 $216,250 $2,804 4.24%
    <20% 39 $8,705,000 $223,205 $2,651 4.33%
    37% 14 $3,240,000 $231,429 $2,671 4.45%
    36% 13 $2,765,000 $212,692 $2,754 4.08%
    40% 10 $2,650,000 $265,000 $3,541 4.46%
    44% 9 $2,085,000 $231,667 $4,338 4.31%
    42% 8 $1,880,000 $235,000 $2,730 4.33%
    39% 7 $1,675,000 $239,286 $2,385 4.46%
    41% 7 $1,275,000 $182,143 $2,794 4.80%
    45% 6 $1,280,000 $213,333 $4,387 4.06%
    50-60% 6 $1,470,000 $245,000 $7,643 4.46%
    46% 5 $1,495,000 $299,000 $3,869 3.95%
    49% 5 $995,000 $199,000 $2,271 4.63%
    48% 4 $910,000 $227,500 $2,288 4.06%
    >60% 4 $720,000 $180,000 $0 5.73%
    43% 4 $1,100,000 $275,000 $2,276 4.72%
    47% 3 $1,005,000 $335,000 $4,459 4.21%
    38% 3 $635,000 $211,667 $3,186 3.96%

    Platte Valley Bank Of Missouri lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 311 $69,295,000 $222,814 $2,802 4.36%
    Not applicable 90 $13,140,000 $146,000 $0 5.94%
    Black 7 $1,915,000 $273,571 $4,259 4.27%
    Not provided 6 $1,820,000 $303,333 $4,684 3.63%
    Asian 3 $865,000 $288,333 $2,423 4.25%
    Other Pacific Islander 1 $345,000 $345,000 $2,448 3.88%
    American Indian 1 $165,000 $165,000 $2,145 5.00%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,628 5.63%

    Approval Rates

    Total approvals of all applications
    95.87%

    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
    89.76%

    Platte Valley Bank Of Missouri has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 420 $87,700,000 $208,810

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,385,000 $197,857
    Single Family (1-4 Units):Site-Built 413 $86,315,000 $208,995

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,750,000 $109,375 $1,821 4.97%
    40-60% 63 $13,385,000 $212,460 $2,424 4.75%
    60-80% 193 $40,565,000 $210,181 $2,428 4.84%
    80-100% 130 $29,390,000 $226,077 $3,412 4.29%
    Over 100% 4 $1,310,000 $327,500 $12,039 4.32%
    Under 20% 13 $1,255,000 $96,538 $1,458 5.90%