Hannibal Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hannibal averaged
6.95%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.58% and
one month ago for the week of 2024-10-03, the
average rate was 5.88%.
Hannibal's average rate one year ago was 7.82%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Hannibal 30 Year Fixed Rate | 2024-11-07 | 6.95% |
| Hannibal 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Hannibal 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Hannibal 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Hannibal 30 Year FHA | 2024-11-07 | 6.53% |
| Hannibal 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Hannibal 30 Year USDA | 2024-11-07 | 6.28% |
| Hannibal 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Hannibal 30 Year VA | 2024-11-07 | 6.24% |
| Hannibal 30 Year VA Refi | 2024-11-07 | 6.24% |
Hannibal Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Hannibal, MO market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Hannibal Average Closing Costs & Other Stats
Hannibal, MO's 42 lenders originated 574
loans during 2023. The total origination value was $87,560,000, with an average loan value of
$152,544.
Hannibal's average closing costs are $2,986.
The top Hannibal lender as defined by loan originations is HNB National Bank, with
63 loans originated. Their average total fees are
$1,387, which is $601
lower than the next largest lender,
THOMPSON KANE & COMPANY, LLC.
The lowest fee Hannibal lenders (with over 10 loans originated) are
HNB National Bank ($1,387), HomeBank ($1,685), THOMPSON KANE & COMPANY, LLC ($1,988), FLAT BRANCH MORTGAGE, INC. ($3,350) and .
The lowest rate Hannibal lenders (with over 10 loans originated) are
THOMPSON KANE & COMPANY, LLC (6.63%), HomeBank (6.67%), HNB National Bank (6.83%), FLAT BRANCH MORTGAGE, INC. (7.05%) and .
Hannibal, MO Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| HNB National Bank | $27,930,000 | $25,810,000 | -7.6% | 29.5% |
| THOMPSON KANE & COMPANY, LLC | $10,800,000 | $14,980,000 | 38.7% | 17.1% |
| HomeBank | $14,010,000 | $8,390,000 | -40.1% | 9.6% |
| FLAT BRANCH MORTGAGE, INC. | $3,055,000 | $3,655,000 | 19.6% | 4.2% |
| Commerce Bank | $1,465,000 | $3,445,000 | 135.2% | 3.9% |
| Mortgage Research Center, LLC | $2,665,000 | $2,450,000 | -8.1% | 2.8% |
| QUICKEN LOANS, LLC | $4,325,000 | $2,210,000 | -48.9% | 2.5% |
| United Community Bank | $2,205,000 | $1,905,000 | -13.6% | 2.2% |
| U.S. Bank | $5,350,000 | $1,465,000 | -72.6% | 1.7% |
| UMB Bank | $315,000 | $1,145,000 | 263.5% | 1.3% |
| First Bankers Trust Company | $335,000 | $1,105,000 | 229.9% | 1.3% |
| LEADERONE FINANCIAL CORPORATION | $905,000 | n/a | 1.0% | |
| Bridge Community Bank | $875,000 | n/a | 1.0% | |
| Alliant Bank | $1,650,000 | $850,000 | -48.5% | 1.0% |
| The Central Trust Bank | $640,000 | $680,000 | 6.3% | 0.8% |
| Arvest Bank | $655,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $785,000 | $620,000 | -21.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $405,000 | $560,000 | 38.3% | 0.6% |
| Midwest Mortgage Associates Corporation | $955,000 | $550,000 | -42.4% | 0.6% |
| Wells Fargo Bank | $420,000 | $530,000 | 26.2% | 0.6% |
| Regional Missouri Bank | $230,000 | $500,000 | 117.4% | 0.6% |
| CMG MORTGAGE, INC. | $495,000 | n/a | 0.6% | |
| DAS Acquisition Company, LLC | $1,700,000 | $490,000 | -71.2% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,395,000 | $460,000 | -67.0% | 0.5% |
| Community State Bank of Missouri | $415,000 | $420,000 | 1.2% | 0.5% |
| Regions Bank | $415,000 | n/a | 0.5% | |
| JPMorgan Chase Bank | $270,000 | $410,000 | 51.9% | 0.5% |
| LOANPAL, LLC | $405,000 | n/a | 0.5% | |
| COMMERCIAL TRUST COMPANY OF FAYETTE | $375,000 | n/a | 0.4% | |
| NEWREZ LLC | $135,000 | $340,000 | 151.9% | 0.4% |
| Bank of Springfield | $1,320,000 | $320,000 | -75.8% | 0.4% |
| Bell Bank | $395,000 | $295,000 | -25.3% | 0.3% |
| Deere Employees Credit Union | $295,000 | n/a | 0.3% | |
| EMBRACE HOME LOANS, INC. | $295,000 | n/a | 0.3% | |
| GERSHMAN INVESTMENT CORP. | $1,200,000 | $295,000 | -75.4% | 0.3% |
| SIRVA MORTGAGE, INC. | $295,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,725,000 | $275,000 | -84.1% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $485,000 | $250,000 | -48.5% | 0.3% |
| FIRST COMMUNITY | $175,000 | $245,000 | 40.0% | 0.3% |
| The Dart Bank | $245,000 | n/a | 0.3% | |
| United Fidelity Funding Corp. | $145,000 | $245,000 | 69.0% | 0.3% |
| BROKER SOLUTIONS, INC. | $7,765,000 | $235,000 | -97.0% | 0.3% |
| Carrollton Bank | $235,000 | n/a | 0.3% | |
| CITY-COUNTY CREDIT UNION | $485,000 | $235,000 | -51.5% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $235,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $235,000 | n/a | 0.3% | |
| Mid America Bank | $225,000 | n/a | 0.3% | |
| Mid-Continent Funding, Inc. | $225,000 | n/a | 0.3% | |
| JLB CORPORATION | $275,000 | $220,000 | -20.0% | 0.3% |
| GUILD MORTGAGE COMPANY | $880,000 | $215,000 | -75.6% | 0.2% |
| Discover Bank | $220,000 | $210,000 | -4.5% | 0.2% |
| Flagstar Bank, FSB | $820,000 | $210,000 | -74.4% | 0.2% |
| VERIDIAN CREDIT UNION | $205,000 | n/a | 0.2% | |
| FCS Financial FLCA | $200,000 | n/a | 0.2% | |
| Mortgage Investment Services Corporation | $95,000 | $195,000 | 105.3% | 0.2% |
| The Bank of Missouri | $195,000 | n/a | 0.2% | |
| HEARTLAND | $185,000 | n/a | 0.2% | |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $590,000 | $185,000 | -68.6% | 0.2% |
| PEOPLES BANK & TRUST CO. | $285,000 | $185,000 | -35.1% | 0.2% |
| PNC Bank | $185,000 | n/a | 0.2% | |
| MISSOURI Credit Union | $175,000 | $175,000 | 0.0% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $225,000 | $175,000 | -22.2% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $485,000 | $165,000 | -66.0% | 0.2% |
| CITIZENS EQUITY FIRST | $105,000 | $155,000 | 47.6% | 0.2% |
| Pony Express Bank | $155,000 | n/a | 0.2% | |
| United Credit Union | $155,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $125,000 | $145,000 | 16.0% | 0.2% |
| Servion, Inc. | $720,000 | $135,000 | -81.3% | 0.2% |
| The Bank of Old Monroe | $135,000 | n/a | 0.2% | |
| Bank of America | $550,000 | $130,000 | -76.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $340,000 | $125,000 | -63.2% | 0.1% |
| TruHome Solutions, LLC | $125,000 | n/a | 0.1% | |
| Midwest BankCentre | $115,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $105,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | $105,000 | -32.3% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.1% | |
| Figure Lending LLC | $100,000 | n/a | 0.1% | |
| COMMUNITYAMERICA | $150,000 | $95,000 | -36.7% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $95,000 | n/a | 0.1% | |
| First Mid Bank & Trust | $285,000 | $85,000 | -70.2% | 0.1% |
| Goldwater Bank, N.A. | $85,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | $85,000 | -60.5% | 0.1% |
| UNITED SECURITY BANK | $85,000 | n/a | 0.1% | |
| DELMAR FINANCIAL COMPANY | $350,000 | $75,000 | -78.6% | 0.1% |
| Equity Prime Mortgage LLC | $75,000 | n/a | 0.1% | |
| ALLIANT | $65,000 | n/a | 0.1% | |
| Centier Bank | $65,000 | n/a | 0.1% | |
| First Bank | $55,000 | n/a | 0.1% | |
| First State Community Bank | $515,000 | $15,000 | -97.1% | 0.0% |
Hannibal's top lender by overall market share is HNB National Bank, with 29.5% market share. In second place, with 17.1%, is THOMPSON KANE & COMPANY, LLC, having originated $14,980,000 in loans. In third place, with 9.6%, is HomeBank, having originated $8,390,000 in loans. In fourth place, with 4.2%, is FLAT BRANCH MORTGAGE, INC., having originated $3,655,000 in loans. In fifth place, with 3.9%, is Commerce Bank, having originated $3,445,000 in loans.
Hannibal, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 364 | $58,520,000 | $160,769 |
| Refi | 84 | $15,270,000 | $181,786 |
| Other | 47 | $5,035,000 | $107,128 |
| Cash Out Refi | 43 | $6,495,000 | $151,047 |
| Home Improvement | 36 | $2,240,000 | $62,222 |
Hannibal's most frequently cited loan purpose was Home Purchase, with 364 originations. The 2nd most popular reason was Refi, with 84 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 283 | $47,095,000 | $166,413 |
| 7-8% | 125 | $19,875,000 | $159,000 |
| Over 8% | 59 | $5,815,000 | $98,559 |
| 5-6% | 50 | $9,240,000 | $184,800 |
| <2.5% | 9 | $45,000 | $5,000 |
| 4-5% | 7 | $515,000 | $73,571 |
| 2.5-3% | 4 | $830,000 | $207,500 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2023, Hannibal's most frequently originated rate bucket was 6-7%, with 283 originations.
Loan Sizing (Hannibal, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 233 | $13,665,000 | $58,648 |
| $100k-200k | 205 | $29,715,000 | $144,951 |
| $200k-400k | 114 | $30,690,000 | $269,211 |
| $400k-600k | 15 | $6,595,000 | $439,667 |
| $600k-1000k | 4 | $2,940,000 | $735,000 |
| $Over $1MM | 3 | $3,955,000 | $1,318,333 |
Hannibal's loan sizing saw the bucket of loans from $100,000 or less with 233 originations, totaling $13,665,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 246 | $42,250,000 | $171,748 |
| 60-80% | 118 | $21,990,000 | $186,356 |
| Under 20% | 64 | $3,480,000 | $54,375 |
| 20-40% | 56 | $4,720,000 | $84,286 |
| 40-60% | 49 | $9,235,000 | $188,469 |
| Over 100% | 3 | $1,685,000 | $561,667 |
Hannibal's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 246 originations, totaling $42,250,000 in origination value.