First Missouri Bank Mortgage Rates, Fees & Info
BROOKFIELD, MOLEI: 549300Z3IK4IHLP1R468
Tax ID: 43-0195715
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
130Origination Dollar Volume (All Markets)
$17,310,000Top 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 | 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% |
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
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
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
Approval Rates
Total approvals of all applications95.33%
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 origination91.54%
First Missouri Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $17,310,000 | $133,154 |
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% |