First Missouri Bank Mortgage Rates, Fees & Info

BROOKFIELD, MO

LEI: 549300Z3IK4IHLP1R468

Tax ID: 43-0195715

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Mortgage Data

Review & Overview

First Missouri Bank is a smaller bank specializing in Home Purchase loans. First Missouri Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Cape Coral, Maryville, Miami, and Kirksville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Missouri Bank 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

130

Origination Dollar Volume (All Markets)

$17,310,000

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
Outside of Metro Areas 86 $7,720,000 $89,767 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 38 $7,530,000 $198,158 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Maryville, MO (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Kirksville, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
First Missouri Bank's top markets include Kansas City, Cape Coral, Maryville, Miami, and Kirksville among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $17,310,000 $133,154 $0 0.00%

    For 2022, First Missouri Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $13,890,000 $154,333 $0 0.00%
    Refi 33 $3,055,000 $92,576 $0 0.00%
    Home Improvement 7 $365,000 $52,143 $0 0.00%

    For 2022, First Missouri Bank's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $17,310,000 $133,154 $0 0.00%

    For 2022, First Missouri Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $2,990,000 $46,719 $0 0.00%
    $100k-200k 43 $6,165,000 $143,372 $0 0.00%
    $200k-400k 19 $5,125,000 $269,737 $0 0.00%
    $600k-1MM 2 $1,610,000 $805,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2022 saw First Missouri Bank place emphasis on $100,000 or less loans with 64 originations, totaling $2,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 25 $2,105,000 $84,200 $0 0.00%
    $50k or less 24 $1,500,000 $62,500 $0 0.00%
    $75k-100k 20 $2,070,000 $103,500 $0 0.00%
    $150k-250k 11 $2,085,000 $189,545 $0 0.00%
    $250k+ 11 $2,575,000 $234,091 $0 0.00%
    $100k-150k 6 $680,000 $113,333 $0 0.00%

    First Missouri Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $17,310,000 $133,154 $0 0.00%

    First Missouri Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $10,445,000 $109,947 $0 0.00%
    Not applicable 32 $6,010,000 $187,813 $0 0.00%
    Asian 2 $820,000 $410,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.33%

    First Missouri Bank 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
    91.54%

    First Missouri Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $17,310,000 $133,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $17,310,000 $133,154

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%