Fcs Financial Flca Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 549300UXCRU4C6HBN492

Tax ID: 43-1560124

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Fcs Financial Flca is a smaller mortgage company specializing in Home Purchase loans. Fcs Financial Flca has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Joseph, St. Louis, Springfield, Kansas City, and Mexico among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fcs Financial Flca 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. 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% 4/28/24
    30 Year Conventional Refi 7.52% 4/28/24
    15 Year Conventional Purchase 7.21% 4/28/24
    15 Year Conventional Refi 7.23% 4/28/24
    15 Year Cash-out Refi 7.23% 4/28/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fcs Financial Flca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    78

    Origination Dollar Volume (All Markets)

    $11,840,000

    Awards

    FCS Financial FLCA 30 Year Conventional Loans bronze
    Show all (1) 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
    Outside of Metro Areas 28 $3,650,000 $130,357 $2,613 5.50%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 8 $1,820,000 $227,500 $2,580 5.32%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,400,000 $175,000 $2,517 5.14%
    SPRINGFIELD, MO (FHA|USDA|VA) 9 $1,225,000 $136,111 $3,092 5.40%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,080,000 $180,000 $2,123 5.24%
    Mexico, MO (FHA|USDA|VA) 3 $515,000 $171,667 $3,807 5.40%
    COLUMBIA, MO (FHA|USDA|VA) 3 $495,000 $165,000 $1,947 5.13%
    JEFFERSON CITY, MO (FHA|USDA|VA) 3 $465,000 $155,000 $2,086 5.76%
    JOPLIN, MO (FHA|USDA|VA) 2 $400,000 $200,000 $3,288 5.65%
    Maryville, MO (FHA|USDA|VA) 2 $290,000 $145,000 $2,382 5.28%
    West Plains, MO (FHA|USDA|VA) 2 $190,000 $95,000 $1,825 4.98%
    Hannibal, MO (FHA|USDA|VA) 2 $160,000 $80,000 $1,801 5.55%
    Sedalia, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,749 5.60%
    Farmington, MO (FHA|USDA|VA) 1 $65,000 $65,000 $3,012 4.95%
    Fcs Financial Flca's top markets include St. Joseph, St. Louis, Springfield, Kansas City, and Mexico among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $11,765,000 $152,792 $2,583 5.38%
    USDA 1 $75,000 $75,000 $5,011 5.50%

    For 2018, Fcs Financial Flca's most frequently originated type of loan was Conventional, with 77 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $9,495,000 $166,579 $2,814 5.42%
    Refi 11 $1,545,000 $140,455 $2,352 5.27%
    Other 7 $615,000 $87,857 $2,056 5.32%
    Home Improvement 3 $185,000 $61,667 $1,458 5.22%

    For 2018, Fcs Financial Flca's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $2,710,000 $150,556 $2,630 5.60%
    20 Year 15 $1,665,000 $111,000 $2,511 5.50%
    30+ year 15 $3,825,000 $255,000 $3,117 5.37%
    15 Year 14 $1,480,000 $105,714 $2,193 5.35%
    Other 10 $1,660,000 $166,000 $3,108 5.29%
    10 Year 6 $500,000 $83,333 $1,766 4.75%

    For 2018, Fcs Financial Flca's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 20 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 38 $5,870,000 $154,474
    $<1k 19 $2,085,000 $109,737
    $2k-3k 14 $3,050,000 $217,857
    $3k-4k 2 $390,000 $195,000

    Fcs Financial Flca's average total fees were $2,630, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 64 $9,520,000 $148,750
    4-5% 13 $2,215,000 $170,385
    6-7% 1 $105,000 $105,000

    During 2018, Fcs Financial Flca's average interest rate for loans was 5.60%, while their most frequently originated rate bucket for loans was 5-6%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,195,000 $144,655 $2,735 5.45%
    $100,000 or less 28 $1,630,000 $58,214 $2,110 5.38%
    $200k-400k 19 $5,095,000 $268,158 $3,087 5.31%
    $400k-600k 2 $920,000 $460,000 $2,869 5.15%

    2018 saw Fcs Financial Flca place emphasis on $100k-200k loans with 29 originations, totaling $4,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 19 $2,545,000 $133,947 $2,499 5.32%
    $100k-150k 14 $2,090,000 $149,286 $2,713 5.57%
    $50k-75k 14 $1,730,000 $123,571 $2,574 5.41%
    $250k+ 8 $1,980,000 $247,500 $2,386 5.29%
    $50k or less 8 $620,000 $77,500 $2,711 5.21%
    $150k-250k 4 $760,000 $190,000 $2,929 5.48%

    Fcs Financial Flca lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $3,075,000 $146,429 $2,598 5.54%
    30-36% 17 $3,075,000 $180,882 $2,707 5.30%
    <20% 16 $1,890,000 $118,125 $2,230 5.23%
    43% 5 $595,000 $119,000 $2,459 5.44%
    39% 3 $645,000 $215,000 $3,358 5.43%
    40% 3 $625,000 $208,333 $2,874 5.60%
    38% 2 $130,000 $65,000 $2,762 5.10%
    >60% 1 $455,000 $455,000 $3,581 5.35%
    37% 1 $45,000 $45,000 $2,021 5.15%
    41% 1 $235,000 $235,000 $2,395 5.55%
    42% 1 $85,000 $85,000 $1,803 4.90%
    45% 1 $165,000 $165,000 $4,396 5.40%
    48% 1 $165,000 $165,000 $3,014 5.50%
    50-60% 1 $265,000 $265,000 $3,604 4.95%

    Fcs Financial Flca lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $11,105,000 $152,123 $2,592 5.37%
    Not applicable 3 $505,000 $168,333 $3,346 5.58%
    Not provided 2 $230,000 $115,000 $3,092 5.45%

    Approval Rates

    Total approvals of all applications
    79.29%

    Fcs Financial Flca has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    Fcs Financial Flca has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 78 $11,840,000 $151,795

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $410,000 $68,333
    Single Family (1-4 Units):Site-Built 72 $11,430,000 $158,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $505,000 $72,143 $2,587 5.27%
    40-60% 18 $2,580,000 $143,333 $2,227 5.31%
    60-80% 44 $7,810,000 $177,500 $2,777 5.39%
    80-100% 6 $820,000 $136,667 $3,037 5.56%
    Under 20% 3 $125,000 $41,667 $1,999 5.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FCC Finance, LLC Other type of mortgage Struggling to pay mortgage 1 100.0%