First Missouri Bank Mortgage Rates, Fees & Info
BROOKFIELD, MOLEI: 549300Z3IK4IHLP1R468
Tax ID: 43-0195715
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Mortgage Data
Review & Overview
First Missouri Bank is a smaller bank specializing in Home Purchase and Refi loans. First Missouri Bank has a high proportion of conventional loans. First Missouri Bank has a low ratio of conventional loans. Their top markets by origination volume include: Kansas City, Crestview, St. Joseph, and Kirksville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Missouri Bank 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.
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Originations
117Origination Dollar Volume (All Markets)
$13,175,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 39 | $6,635,000 | $170,128 | $1,775 | 5.70% |
| Outside of Metro Areas | 75 | $6,055,000 | $80,733 | $595 | 7.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $12,660,000 | $117,222 | $0 | 0.00% |
| Conventional | 9 | $515,000 | $57,222 | $857 | 6.91% |
For 2018, First Missouri Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was Conventional, with 9 originations.
Loan Reason
For 2018, First Missouri Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
For 2018, First Missouri Bank's most frequently cited loan duration was Other, with 108 originations. The 2nd most popular length was 20 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 9 | $515,000 | $57,222 |
First Missouri Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3 | $135,000 | $45,000 |
| 7-8% | 3 | $85,000 | $28,333 |
| 4-5% | 1 | $75,000 | $75,000 |
| 5-6% | 1 | $135,000 | $135,000 |
| Over 8% | 1 | $85,000 | $85,000 |
During 2018, First Missouri Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 3 originations.
Loan Sizing
2018 saw First Missouri Bank place emphasis on $100,000 or less loans with 71 originations, totaling $3,235,000 in origination value.
Applicant Income
First Missouri Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
First Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations. The next most common DTI ratio? <20%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
First Missouri Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.62%
First Missouri Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 108 | $12,660,000 | $117,222 |
| NA | 9 | $515,000 | $57,222 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |