Kirksville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kirksville averaged
7.16%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.1% and
one month ago for the week of 2023-08-10, the
average rate was 6.74%.
Kirksville's average rate one year ago was 5.87%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.58%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Kirksville 30 Year Fixed Rate | 2023-09-14 | 7.16% |
| Kirksville 30 Year Fixed Rate Refi | 2023-09-14 | 7.58% |
| Kirksville 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Kirksville 15 Year Fixed Rate Refi | 2023-09-14 | 6.61% |
| Kirksville 30 Year FHA | 2023-09-14 | 7.19% |
| Kirksville 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Kirksville 30 Year USDA | 2023-09-14 | 7.18% |
| Kirksville 30 Year USDA Refi | 2023-09-14 | 7.18% |
| Kirksville 30 Year VA | 2023-09-14 | 6.91% |
| Kirksville 30 Year VA Refi | 2023-09-14 | 6.81% |
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 45 lenders originated 417
loans during 2022. The total origination value was $68,285,000, with an average loan value of
$163,753.
Kirksville's average closing costs are $3,491.
The top Kirksville lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
18 loans originated. Their average total fees are
$2,521, which is $271
higher than the next largest lender,
U.S. Bank.
The lowest fee Kirksville lenders (with over 10 loans originated) are
U.S. Bank ($2,251), FLAT BRANCH MORTGAGE, INC. ($2,521), QUICKEN LOANS, LLC ($5,150), .
The lowest rate Kirksville lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.73%), U.S. Bank (4.98%), FLAT BRANCH MORTGAGE, INC. (5.40%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Alliant Bank | $19,090,000 | $12,480,000 | -34.6% | 18.3% |
| U.S. Bank | $7,905,000 | $5,285,000 | -33.1% | 7.7% |
| FLAT BRANCH MORTGAGE, INC. | $6,945,000 | $4,725,000 | -32.0% | 6.9% |
| Mortgage Research Center, LLC | $3,210,000 | $4,250,000 | 32.4% | 6.2% |
| DAS Acquisition Company, LLC | $4,170,000 | $3,805,000 | -8.8% | 5.6% |
| QUICKEN LOANS, LLC | $10,100,000 | $3,675,000 | -63.6% | 5.4% |
| NBH Bank | $4,625,000 | $2,140,000 | -53.7% | 3.1% |
| HomeBank | $1,670,000 | n/a | 2.4% | |
| Regional Missouri Bank | $1,665,000 | n/a | 2.4% | |
| Plains Commerce Bank | $1,560,000 | $1,170,000 | -25.0% | 1.7% |
| AMERISAVE MORTGAGE CORPORATION | $210,000 | $980,000 | 366.7% | 1.4% |
| LOANDEPOT.COM, LLC | $1,470,000 | $885,000 | -39.8% | 1.3% |
| FCS Financial FLCA | $165,000 | $715,000 | 333.3% | 1.0% |
| The Central Trust Bank | $1,205,000 | $665,000 | -44.8% | 1.0% |
| KeyBank | $525,000 | n/a | 0.8% | |
| Arvest Bank | $530,000 | $455,000 | -14.2% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $1,525,000 | $455,000 | -70.2% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $1,125,000 | $445,000 | -60.4% | 0.7% |
| Gateway First Bank | $405,000 | n/a | 0.6% | |
| The Huntington National Bank | $375,000 | $400,000 | 6.7% | 0.6% |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $465,000 | $380,000 | -18.3% | 0.6% |
| First State Bank of St. Charles, Missouri | $310,000 | $370,000 | 19.4% | 0.5% |
| Oakstar Bank | $365,000 | n/a | 0.5% | |
| Wells Fargo Bank | $1,140,000 | $365,000 | -68.0% | 0.5% |
| BETTER MORTGAGE CORPORATION | $285,000 | $345,000 | 21.1% | 0.5% |
| Neighborhood Loans, Inc. | $325,000 | n/a | 0.5% | |
| First Bankers Trust Company | $300,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $415,000 | $280,000 | -32.5% | 0.4% |
| Bank of the West | $265,000 | n/a | 0.4% | |
| Barrington Bank & Trust Company, N.A. | $265,000 | n/a | 0.4% | |
| NBKC BANK | $265,000 | n/a | 0.4% | |
| Stifel Bank and Trust | $265,000 | n/a | 0.4% | |
| VERIDIAN CREDIT UNION | $125,000 | $260,000 | 108.0% | 0.4% |
| MISSOURI Credit Union | $490,000 | $255,000 | -48.0% | 0.4% |
| PEOPLES BANK & TRUST CO. | $245,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $180,000 | $240,000 | 33.3% | 0.4% |
| USAA Federal Savings Bank | $840,000 | $235,000 | -72.0% | 0.3% |
| The Home Loan Expert LLC | $225,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $855,000 | $220,000 | -74.3% | 0.3% |
| Carrington Mortgage Services, LLC | $155,000 | $205,000 | 32.3% | 0.3% |
| The Callaway Bank | $205,000 | n/a | 0.3% | |
| Bank of America | $365,000 | $195,000 | -46.6% | 0.3% |
| FIRST MISSOURI BANK | $195,000 | n/a | 0.3% | |
| Midwest Heritage Bank FSB | $135,000 | $195,000 | 44.4% | 0.3% |
| TOP FLITE FINANCIAL, INC. | $195,000 | n/a | 0.3% | |
| GREENSTATE CREDIT UNION | $810,000 | $190,000 | -76.5% | 0.3% |
| Flagstar Bank, FSB | $65,000 | $185,000 | 184.6% | 0.3% |
| Sunflower Bank | $185,000 | n/a | 0.3% | |
| UNION HOME MORTGAGE CORP. | $165,000 | n/a | 0.2% | |
| COMMUNITY MORTGAGE, LLC | $1,845,000 | $160,000 | -91.3% | 0.2% |
| Community Mortgage Banc Corporation | $200,000 | $155,000 | -22.5% | 0.2% |
| Wells Bank | $385,000 | $155,000 | -59.7% | 0.2% |
| JPMorgan Chase Bank | $310,000 | $145,000 | -53.2% | 0.2% |
| Bank of Odessa | $135,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $410,000 | $125,000 | -69.5% | 0.2% |
| First State Community Bank | $410,000 | $125,000 | -69.5% | 0.2% |
| BROKER SOLUTIONS, INC. | $110,000 | $115,000 | 4.5% | 0.2% |
| COMMUNITY 1ST CREDIT UNION | $350,000 | $115,000 | -67.1% | 0.2% |
| GSF Mortgage Corporation | $115,000 | n/a | 0.2% | |
| Servion, Inc. | $180,000 | $105,000 | -41.7% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $105,000 | n/a | 0.2% | |
| UNITED WHOLESALE MORTGAGE, LLC | $460,000 | $95,000 | -79.3% | 0.1% |
| Bell Bank | $85,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $85,000 | n/a | 0.1% | |
| Farmers & Merchants Savings Bank | $85,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $85,000 | n/a | 0.1% | |
| River Region Credit Union | $85,000 | n/a | 0.1% | |
| Bank of Springfield | $75,000 | n/a | 0.1% | |
| Commerce Bank | $85,000 | $75,000 | -11.8% | 0.1% |
| LOANPAL, LLC | $135,000 | $75,000 | -44.4% | 0.1% |
| Midwest Mortgage Associates Corporation | $75,000 | $75,000 | 0.0% | 0.1% |
| NUMARK CREDIT UNION | $75,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $125,000 | $75,000 | -40.0% | 0.1% |
| Think Mutual Bank | $75,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $85,000 | $70,000 | -17.6% | 0.1% |
| FCB Banks | $65,000 | n/a | 0.1% | |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $305,000 | $65,000 | -78.7% | 0.1% |
| M&T Bank | $65,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $240,000 | $55,000 | -77.1% | 0.1% |
| Home Loan Investment Bank, F.S.B. | $40,000 | n/a | 0.1% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $175,000 | $35,000 | -80.0% | 0.1% |
| Citibank | $25,000 | n/a | 0.0% | |
| NAVY FEDERAL CREDIT UNION | $950,000 | $25,000 | -97.4% | 0.0% |
| PNC Bank | $25,000 | n/a | 0.0% | |
| BTC BANK | $15,000 | n/a | 0.0% |
Kirksville's top lender by overall market share is Alliant Bank, with 18.3% market share. In second place, with 7.7%, is U.S. Bank, having originated $5,285,000 in loans. In third place, with 6.9%, is FLAT BRANCH MORTGAGE, INC., having originated $4,725,000 in loans. In fourth place, with 6.2%, is Mortgage Research Center, LLC, having originated $4,250,000 in loans. In fifth place, with 5.6%, is DAS Acquisition Company, LLC, having originated $3,805,000 in loans.
Kirksville, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 277 | $45,855,000 | $165,542 |
| Refi | 68 | $13,250,000 | $194,853 |
| Cash Out Refi | 45 | $7,295,000 | $162,111 |
| Home Improvement | 20 | $1,320,000 | $66,000 |
| Other | 7 | $565,000 | $80,714 |
Kirksville's most frequently cited loan purpose was Home Purchase, with 277 originations. The 2nd most popular reason was Refi, with 68 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 80 | $12,130,000 | $151,625 |
| 5-6% | 74 | $11,420,000 | $154,324 |
| 3-4% | 55 | $9,945,000 | $180,818 |
| 6-7% | 37 | $5,025,000 | $135,811 |
| 7-8% | 13 | $1,845,000 | $141,923 |
| 2.5-3% | 9 | $1,535,000 | $170,556 |
| Over 8% | 5 | $275,000 | $55,000 |
| <2.5% | 2 | $360,000 | $180,000 |
During 2022, Kirksville's most frequently originated rate bucket was 4-5%, with 80 originations.
Loan Sizing (Kirksville, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 156 | $9,960,000 | $63,846 |
| $100k-200k | 155 | $21,915,000 | $141,387 |
| $200k-400k | 80 | $21,300,000 | $266,250 |
| $400k-600k | 21 | $9,845,000 | $468,810 |
| $Over $1MM | 3 | $3,955,000 | $1,318,333 |
| $600k-1000k | 2 | $1,310,000 | $655,000 |
Kirksville's loan sizing saw the bucket of loans from $100,000 or less with 156 originations, totaling $9,960,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 154 | $24,710,000 | $160,455 |
| 60-80% | 64 | $11,340,000 | $177,188 |
| 40-60% | 24 | $3,240,000 | $135,000 |
| 20-40% | 16 | $1,450,000 | $90,625 |
| Under 20% | 11 | $515,000 | $46,818 |
| Over 100% | 4 | $1,240,000 | $310,000 |
Kirksville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 154 originations, totaling $24,710,000 in origination value.