Kirksville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kirksville averaged
6.6%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.4% and
one month ago for the week of 2024-09-05, the
average rate was 6.63%.
Kirksville's average rate one year ago was 7.37%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Kirksville 30 Year Fixed Rate | 2024-10-10 | 6.6% |
| Kirksville 30 Year Fixed Rate Refi | 2024-10-10 | 6.42% |
| Kirksville 15 Year Fixed Rate | 2024-10-10 | 5.21% |
| Kirksville 15 Year Fixed Rate Refi | 2024-10-10 | 5.41% |
| Kirksville 30 Year FHA | 2024-10-10 | 6% |
| Kirksville 30 Year FHA Refi | 2024-10-10 | 6.1% |
| Kirksville 30 Year USDA | 2024-10-10 | 6.08% |
| Kirksville 30 Year USDA Refi | 2024-10-10 | 6.28% |
| Kirksville 30 Year VA | 2024-10-10 | 5.65% |
| Kirksville 30 Year VA Refi | 2024-10-10 | 6.05% |
Kirksville 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 Kirksville, 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.).
Kirksville Average Closing Costs & Other Stats
Kirksville, MO's 36 lenders originated 303
loans during 2023. The total origination value was $45,175,000, with an average loan value of
$149,092.
Kirksville's average closing costs are $3,591.
The top Kirksville lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
21 loans originated. Their average total fees are
$2,669, which is $2,542
lower than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee Kirksville lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($2,669), DAS Acquisition Company, LLC ($5,211), .
The lowest rate Kirksville lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.73%), DAS Acquisition Company, LLC (6.88%), .
Kirksville, 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 |
|---|---|---|---|---|
| Alliant Bank | $12,480,000 | $7,750,000 | -37.9% | 17.2% |
| FLAT BRANCH MORTGAGE, INC. | $4,725,000 | $5,005,000 | 5.9% | 11.1% |
| DAS Acquisition Company, LLC | $3,805,000 | $3,325,000 | -12.6% | 7.4% |
| Regional Missouri Bank | $1,665,000 | $2,845,000 | 70.9% | 6.3% |
| Wells Bank | $155,000 | $2,825,000 | 1,722.6% | 6.3% |
| QUICKEN LOANS, LLC | $3,675,000 | $2,760,000 | -24.9% | 6.1% |
| U.S. Bank | $5,285,000 | $2,405,000 | -54.5% | 5.3% |
| Mortgage Research Center, LLC | $4,250,000 | $1,955,000 | -54.0% | 4.3% |
| Plains Commerce Bank | $1,170,000 | $1,210,000 | 3.4% | 2.7% |
| Arvest Bank | $455,000 | $1,175,000 | 158.2% | 2.6% |
| NBH Bank | $2,140,000 | $1,025,000 | -52.1% | 2.3% |
| HomeBank | $1,670,000 | $705,000 | -57.8% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $280,000 | $635,000 | 126.8% | 1.4% |
| FCS Financial FLCA | $715,000 | $530,000 | -25.9% | 1.2% |
| Bank of America | $195,000 | $505,000 | 159.0% | 1.1% |
| Wells Fargo Bank | $365,000 | $500,000 | 37.0% | 1.1% |
| The Bank of Old Monroe | $420,000 | n/a | 0.9% | |
| LOANDEPOT.COM, LLC | $885,000 | $410,000 | -53.7% | 0.9% |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $380,000 | $405,000 | 6.6% | 0.9% |
| BROKER SOLUTIONS, INC. | $115,000 | $400,000 | 247.8% | 0.9% |
| USAA Federal Savings Bank | $235,000 | $390,000 | 66.0% | 0.9% |
| North American Savings Bank, F.S.B. | $345,000 | n/a | 0.8% | |
| Peoples Bank | $275,000 | n/a | 0.6% | |
| The Central Trust Bank | $665,000 | $255,000 | -61.7% | 0.6% |
| CARDINAL FINANCIAL | $250,000 | n/a | 0.6% | |
| PEOPLES BANK & TRUST CO. | $245,000 | $245,000 | 0.0% | 0.5% |
| Truist | $245,000 | n/a | 0.5% | |
| Mortgage Investment Services Corporation | $235,000 | n/a | 0.5% | |
| Midwest Mortgage Associates Corporation | $75,000 | $225,000 | 200.0% | 0.5% |
| DELMAR FINANCIAL COMPANY | $220,000 | n/a | 0.5% | |
| PNC Bank | $25,000 | $220,000 | 780.0% | 0.5% |
| Regions Bank | $215,000 | n/a | 0.5% | |
| GUARANTEED RATE, INC. | $210,000 | n/a | 0.5% | |
| Fortress Bank | $205,000 | n/a | 0.5% | |
| HOMESIDE FINANCIAL, LLC | $205,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $445,000 | $200,000 | -55.1% | 0.4% |
| AXIA FINANCIAL, LLC | $190,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $185,000 | n/a | 0.4% | |
| Northwest Bank | $175,000 | n/a | 0.4% | |
| SeaTrust Mortgage Company | $175,000 | n/a | 0.4% | |
| FCB Banks | $65,000 | $165,000 | 153.8% | 0.4% |
| MID AMERICA MORTGAGE, INC. | $155,000 | n/a | 0.3% | |
| American Mortgage & Equity Consultants, Inc. | $145,000 | n/a | 0.3% | |
| ACADEMY MORTGAGE CORPORATION | $135,000 | n/a | 0.3% | |
| Midwest Heritage Bank FSB | $195,000 | $135,000 | -30.8% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $135,000 | -43.8% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $135,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $70,000 | $130,000 | 85.7% | 0.3% |
| Community Mortgage Banc Corporation | $155,000 | $125,000 | -19.4% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $85,000 | $125,000 | 47.1% | 0.3% |
| First State Community Bank | $125,000 | $125,000 | 0.0% | 0.3% |
| GREENSTATE CREDIT UNION | $190,000 | $125,000 | -34.2% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $220,000 | $125,000 | -43.2% | 0.3% |
| Lincoln Savings Bank | $115,000 | n/a | 0.3% | |
| Members Mortgage Services, L.L.C. | $115,000 | n/a | 0.3% | |
| The Federal Savings Bank | $115,000 | n/a | 0.3% | |
| NBKC BANK | $265,000 | $105,000 | -60.4% | 0.2% |
| Hills Bank and Trust Company | $100,000 | n/a | 0.2% | |
| FIRST MISSOURI BANK | $195,000 | $95,000 | -51.3% | 0.2% |
| Bank of England | $85,000 | n/a | 0.2% | |
| First Interstate Bank | $85,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $85,000 | n/a | 0.2% | |
| Northpointe Bank | $85,000 | n/a | 0.2% | |
| Deseret First Credit Union | $75,000 | n/a | 0.2% | |
| Heritage Community Bank | $75,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $55,000 | n/a | 0.1% | |
| Discover Bank | $55,000 | n/a | 0.1% | |
| Exchange Bank of Missouri | $55,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $185,000 | $55,000 | -70.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $55,000 | n/a | 0.1% | |
| BMO Harris Bank | $45,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $35,000 | n/a | 0.1% |
Kirksville's top lender by overall market share is Alliant Bank, with 17.2% market share. In second place, with 11.1%, is FLAT BRANCH MORTGAGE, INC., having originated $5,005,000 in loans. In third place, with 7.4%, is DAS Acquisition Company, LLC, having originated $3,325,000 in loans. In fourth place, with 6.3%, is Regional Missouri Bank, having originated $2,845,000 in loans. In fifth place, with 6.3%, is Wells Bank, having originated $2,825,000 in loans.
Kirksville, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 216 | $34,940,000 | $161,759 |
| Refi | 36 | $5,520,000 | $153,333 |
| Home Improvement | 22 | $1,680,000 | $76,364 |
| Cash Out Refi | 18 | $2,410,000 | $133,889 |
| Other | 11 | $625,000 | $56,818 |
Kirksville's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Refi, with 36 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 89 | $14,515,000 | $163,090 |
| 7-8% | 64 | $9,880,000 | $154,375 |
| Over 8% | 30 | $2,970,000 | $99,000 |
| 5-6% | 21 | $2,665,000 | $126,905 |
| 4-5% | 1 | $225,000 | $225,000 |
During 2023, Kirksville's most frequently originated rate bucket was 6-7%, with 89 originations.
Loan Sizing (Kirksville, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 119 | $16,815,000 | $141,303 |
| $100,000 or less | 117 | $7,085,000 | $60,556 |
| $200k-400k | 58 | $15,210,000 | $262,241 |
| $400k-600k | 5 | $2,305,000 | $461,000 |
| $600k-1000k | 3 | $2,205,000 | $735,000 |
| $Over $1MM | 1 | $1,555,000 | $1,555,000 |
Kirksville's loan sizing saw the bucket of loans from $100k-200k with 119 originations, totaling $16,815,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 121 | $20,325,000 | $167,975 |
| 60-80% | 43 | $6,255,000 | $145,465 |
| 20-40% | 15 | $905,000 | $60,333 |
| 40-60% | 14 | $1,970,000 | $140,714 |
| Under 20% | 10 | $410,000 | $41,000 |
| Over 100% | 1 | $175,000 | $175,000 |
Kirksville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 121 originations, totaling $20,325,000 in origination value.