State Bank Of Southwest Missouri Mortgage Rates, Fees & Info
Springfield, MOLEI: 549300V8T6PR1YOM6967
Tax ID: 43-1381292
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Mortgage Data
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 (well, only) market is Springfield.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.
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Originations
84Origination Dollar Volume (All Markets)
$27,010,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 69 | $22,695,000 | $328,913 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $4,315,000 | $287,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $27,010,000 | $321,548 | $0 | 0.00% |
For 2023, State Bank Of Southwest Missouri's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2023, State Bank Of Southwest Missouri's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Other, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $27,010,000 | $321,548 | $0 | 0.00% |
For 2023, State Bank Of Southwest Missouri's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2023 saw State Bank Of Southwest Missouri place emphasis on $100k-200k loans with 30 originations, totaling $4,380,000 in origination value.
Applicant Income
State Bank Of Southwest Missouri lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $27,010,000 | $321,548 | $0 | 0.00% |
State Bank Of Southwest Missouri lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination91.67%
State Bank Of Southwest Missouri has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $27,010,000 | $321,548 |