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 and Refi loans. Fcs Financial Flca has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Louis, Springfield, Maryville, and Jefferson City among others. We have data for 16 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.33% | 11/22/24 |
| 30 Year Conventional Refi | 7.52% | 11/22/24 |
| 15 Year Conventional Purchase | 7.21% | 11/22/24 |
| 15 Year Conventional Refi | 7.23% | 11/22/24 |
| 15 Year Cash-out Refi | 7.23% | 11/22/24 |
| 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
108Origination Dollar Volume (All Markets)
$18,540,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 44 | $7,260,000 | $165,000 | $2,694 | 4.93% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 16 | $3,230,000 | $201,875 | $2,640 | 4.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 10 | $2,740,000 | $274,000 | $2,743 | 4.92% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $2,564 | 4.72% |
| Maryville, MO (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $1,757 | 4.95% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,277 | 5.30% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,033 | 5.21% |
| West Plains, MO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,961 | 5.25% |
| Warrensburg, MO (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $1,444 | 5.03% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,249 | 5.80% |
| Mexico, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,272 | 5.00% |
| Sedalia, MO (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $2,306 | 4.38% |
| Moberly, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,228 | 5.50% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,118 | 5.75% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $1,689 | 4.60% |
| Farmington, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,248 | 5.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $18,540,000 | $171,667 | $2,540 | 4.93% |
For 2019, Fcs Financial Flca's most frequently originated type of loan was Conventional, with 108 originations.
Loan Reason
For 2019, Fcs Financial Flca's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
For 2019, Fcs Financial Flca's most frequently cited loan duration was 30 Year, with 32 originations. The 2nd most popular length was 20 Year, with 24 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 67 | $11,675,000 | $174,254 |
| $<1k | 29 | $3,345,000 | $115,345 |
| $2k-3k | 7 | $1,615,000 | $230,714 |
| $3k-4k | 2 | $1,290,000 | $645,000 |
Fcs Financial Flca's average total fees were $2,830, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 67 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 61 | $11,225,000 | $184,016 |
| 5-6% | 43 | $6,785,000 | $157,791 |
| 3-4% | 3 | $355,000 | $118,333 |
| 6-7% | 1 | $175,000 | $175,000 |
During 2019, Fcs Financial Flca's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 4-5%, with 61 originations.
Loan Sizing
2019 saw Fcs Financial Flca place emphasis on $100k-200k loans with 45 originations, totaling $6,775,000 in origination value.
Applicant Income
Fcs Financial Flca lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
Fcs Financial Flca lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.46%
Fcs Financial Flca has a below average approval rate.
Pick Rate
Approvals leading to origination61.11%
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 | 108 | $18,540,000 | $171,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $530,000 | $88,333 |
| Single Family (1-4 Units):Site-Built | 102 | $18,010,000 | $176,569 |