Fcs Financial Flca Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 549300UXCRU4C6HBN492
Tax ID: 43-1560124
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Mortgage Data
Review & Overview
Fcs Financial Flca is a smaller mortgage company specializing in Home Purchase loans. Fcs Financial Flca has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Springfield, Warrensburg, St. Joseph, and Columbia among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Fcs Financial Flca 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. Fcs Financial Flca 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.33% | 11/17/24 |
| 30 Year Conventional Refi | 7.52% | 11/17/24 |
| 15 Year Conventional Purchase | 7.21% | 11/17/24 |
| 15 Year Conventional Refi | 7.23% | 11/17/24 |
| 15 Year Cash-out Refi | 7.23% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Fcs Financial Flca Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
82Origination Dollar Volume (All Markets)
$18,840,000Awards
FCS Financial FLCA - 2023
FCS Financial FLCA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Fcs Financial Flca's average 30 year fixed mortgage rate was
7.62%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.14%.
Relative Fees (Closing Costs)
Fcs Financial Flca's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,093.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 28 | $6,480,000 | $231,429 | $3,320 | 7.47% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 18 | $4,250,000 | $236,111 | $4,397 | 8.04% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 10 | $2,090,000 | $209,000 | $3,827 | 7.59% |
| Warrensburg, MO (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $3,216 | 7.85% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,160 | 8.05% |
| COLUMBIA, MO (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $2,554 | 7.38% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $9,761 | 7.90% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,477 | 7.90% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,279 | 7.72% |
| Marshall, MO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,295 | 7.30% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,794 | 7.55% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,253 | 7.40% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,179 | 7.53% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,046 | 8.05% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,583 | 7.23% |
| Farmington, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,629 | 8.05% |
| Maryville, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,691 | 7.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $18,840,000 | $229,756 | $3,716 | 7.67% |
For 2023, Fcs Financial Flca's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2023, Fcs Financial Flca's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
For 2023, Fcs Financial Flca's most frequently cited loan duration was 30+ year, with 28 originations. The 2nd most popular length was 30 Year, with 21 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 45 | $10,985,000 | $244,111 |
| $1k-2k | 31 | $6,395,000 | $206,290 |
| $2k-3k | 2 | $330,000 | $165,000 |
Fcs Financial Flca's average total fees were $3,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 42 | $9,610,000 | $228,810 |
| Over 8% | 24 | $5,310,000 | $221,250 |
| 6-7% | 12 | $2,790,000 | $232,500 |
During 2023, Fcs Financial Flca's average interest rate for loans was 7.62%, while their most frequently originated rate bucket for loans was 7-8%, with 42 originations.
Loan Sizing
2023 saw Fcs Financial Flca place emphasis on $200k-400k loans with 33 originations, totaling $9,135,000 in origination value.
Applicant Income
Fcs Financial Flca lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
Fcs Financial Flca lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.82%
Fcs Financial Flca has an average approval rate.
Pick Rate
Approvals leading to origination78.05%
Fcs Financial Flca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 82 | $18,840,000 | $229,756 |