State Bank Of Southwest Missouri Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300V8T6PR1YOM6967

Tax ID: 43-1381292

Latest/2024 | 2023 Data | 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
  • 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

    State Bank Of Southwest Missouri is a smaller bank specializing in Home Purchase loans. State Bank Of Southwest Missouri has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Kansas City, St. Louis, and Joplin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    State Bank Of Southwest Missouri has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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

    70

    Origination Dollar Volume (All Markets)

    $26,940,000

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 63 $22,685,000 $360,079 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $1,625,000 $1,625,000 $0 0.00%
    Outside of Metro Areas 4 $1,440,000 $360,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    State Bank Of Southwest Missouri's top markets include Springfield, Kansas City, St. Louis, and Joplin among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $26,940,000 $384,857 $0 0.00%

    For 2024, State Bank Of Southwest Missouri's most frequently originated type of loan was Conventional, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $24,930,000 $445,179 $0 0.00%
    Other 7 $1,305,000 $186,429 $0 0.00%
    Refi 7 $705,000 $100,714 $0 0.00%

    For 2024, State Bank Of Southwest Missouri's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Other, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $26,940,000 $384,857 $0 0.00%

    For 2024, State Bank Of Southwest Missouri's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $5,020,000 $278,889 $0 0.00%
    $100k-200k 16 $2,180,000 $136,250 $0 0.00%
    $100,000 or less 14 $780,000 $55,714 $0 0.00%
    $400k-600k 10 $5,030,000 $503,000 $0 0.00%
    $1MM+ 6 $9,200,000 $1,533,333 $0 0.00%
    $600k-1MM 6 $4,730,000 $788,333 $0 0.00%

    2024 saw State Bank Of Southwest Missouri place emphasis on $200k-400k loans with 18 originations, totaling $5,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 25 $18,715,000 $748,600 $0 0.00%
    $100k-150k 7 $975,000 $139,286 $0 0.00%
    $150k-250k 7 $2,515,000 $359,286 $0 0.00%
    $50k-75k 7 $1,035,000 $147,857 $0 0.00%
    $75k-100k 3 $665,000 $221,667 $0 0.00%
    $50k or less 1 $345,000 $345,000 $0 0.00%

    State Bank Of Southwest Missouri lent most frequently to those with incomes in the $250k+ range, with 25 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $26,940,000 $384,857 $0 0.00%

    State Bank Of Southwest Missouri lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $22,105,000 $491,222 $0 0.00%
    Not applicable 19 $2,435,000 $128,158 $0 0.00%
    Asian 3 $1,065,000 $355,000 $0 0.00%
    Asian Indian 1 $825,000 $825,000 $0 0.00%
    Not provided 1 $465,000 $465,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.47%

    State Bank Of Southwest 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
    90.00%

    State Bank Of Southwest Missouri has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $26,940,000 $384,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    70 $26,940,000 $384,857