Lebanon Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Lebanon averaged 6.61% 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 6.94% and one month ago for the week of 2024-10-03, the average rate was 5.94%.

    Lebanon's average rate one year ago was 7.88%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Lebanon 30 Year Fixed Rate 2024-11-07 6.61%
    Lebanon 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Lebanon 15 Year Fixed Rate 2024-11-07 6.1%
    Lebanon 15 Year Fixed Rate Refi 2024-11-07 5.9%
    Lebanon 30 Year FHA 2024-11-07 6.73%
    Lebanon 30 Year FHA Refi 2024-11-07 6.43%
    Lebanon 30 Year USDA 2024-11-07 6.28%
    Lebanon 30 Year USDA Refi 2024-11-07 6.68%
    Lebanon 30 Year VA 2024-11-07 6.43%
    Lebanon 30 Year VA Refi 2024-11-07 6.14%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lebanon, MO.

    Lebanon 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 Lebanon, 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First State Community Bank 16 6.79% $2,425
    FLAT BRANCH MORTGAGE, INC. 15 6.71% $3,079
    U.S. Bank 14 6.96% $3,147
    PENNYMAC LOAN SERVICES, LLC 9 6.58% $3,732
    QUICKEN LOANS, LLC 8 7.03% $7,377
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.98% $3,752
    Arvest Bank 7 6.43% $2,992
    DAS Acquisition Company, LLC 6 7.52% $5,308
    UNITED WHOLESALE MORTGAGE, LLC 3 7.21% $2,911
    GUILD MORTGAGE COMPANY 2 7.00% $2,061
    Mortgage Research Center, LLC 2 7.56% $2,578
    Commerce Bank 2 6.63% $2,979
    GERSHMAN INVESTMENT CORP. 2 6.94% $2,256
    Bank of America 2 6.94% $3,847
    MISSOURI ELECTRIC COOPERATIVES EMPL 2 6.00% $2,644
    Hawthorn Bank 2 6.81% $2,559
    BOKF 2 6.69% $4,757
    The Bank of Missouri 2 6.90% $2,356
    PLAZA HOME MORTGAGE, INC. 1 8.63% $3,916
    PREMIA MORTGAGE, LLC 1 7.08% $2,581
    Southern Bank 1 6.75% $2,334
    Springfield First Community Bank 1 7.38% $2,913
    Stifel Bank and Trust 1 5.25% $2,825
    The Central Trust Bank 1 6.00% $2,774
    TIB The Independent Bankersbank 1 6.50% $2,161
    Wells Fargo Bank 1 6.38% $6,095
    HOMESIDE FINANCIAL, LLC 1 7.50% $2,282
    ASSEMBLIES OF GOD Credit Union 1 5.99% $2,035
    BancorpSouth 1 7.63% $2,317
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,359
    BLUCURRENT 1 6.38% $2,006
    Carrington Mortgage Services, LLC 1 5.88% $4,906
    Farm Credit Mid-America, ACA 1 7.88% $6,986
    FIRST COMMUNITY 1 5.50% $2,441
    Flagstar Bank, FSB 1 7.63% $5,440
    FREEDOM MORTGAGE CORPORATION 1 6.38% $4,182
    Gateway First Bank 1 6.50% $4,942
    Great Southern Bank 1 7.99% $3,485
    AMERISAVE MORTGAGE CORPORATION 1 7.38% $4,988
    JPMorgan Chase Bank 1 6.50% $3,311
    LOANDEPOT.COM, LLC 1 5.99% $13,285
    Midwest Mortgage Associates Corporation 1 6.75% $1,465
    NBKC BANK 1 6.50% $2,922
    NEWREZ LLC 1 6.50% $8,940

    Lebanon Average Closing Costs & Other Stats

    Lebanon, MO's 44 lenders originated 609 loans during 2023. The total origination value was $97,685,000, with an average loan value of $160,402.

    Lebanon's average closing costs are $3,898.

    The top Lebanon lender as defined by loan originations is First State Community Bank, with 16 loans originated. Their average total fees are $2,425, which is $654 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Lebanon lenders (with over 10 loans originated) are First State Community Bank ($2,425), FLAT BRANCH MORTGAGE, INC. ($3,079), U.S. Bank ($3,147), .

    The lowest rate Lebanon lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.71%), First State Community Bank (6.79%), U.S. Bank (6.96%), .

    Lebanon, 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
    FLAT BRANCH MORTGAGE, INC. $13,010,000 $11,275,000 -13.3% 11.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $11,620,000 $9,220,000 -20.7% 9.4%
    First State Community Bank $16,785,000 $8,730,000 -48.0% 8.9%
    QUICKEN LOANS, LLC $9,450,000 $5,475,000 -42.1% 5.6%
    U.S. Bank $6,335,000 $5,000,000 -21.1% 5.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,290,000 $3,865,000 199.6% 4.0%
    Mid-Missouri Bank $5,500,000 $3,505,000 -36.3% 3.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,155,000 $3,455,000 199.1% 3.5%
    Mortgage Research Center, LLC $3,255,000 $3,340,000 2.6% 3.4%
    DAS Acquisition Company, LLC $2,535,000 $2,730,000 7.7% 2.8%
    PENNYMAC LOAN SERVICES, LLC $3,890,000 $2,530,000 -35.0% 2.6%
    Commerce Bank $1,685,000 $2,330,000 38.3% 2.4%
    NAVY FEDERAL CREDIT UNION $3,565,000 $2,235,000 -37.3% 2.3%
    BROKER SOLUTIONS, INC. $1,035,000 $2,130,000 105.8% 2.2%
    USAA Federal Savings Bank $285,000 $1,645,000 477.2% 1.7%
    Arvest Bank $3,980,000 $1,600,000 -59.8% 1.6%
    FREEDOM MORTGAGE CORPORATION $1,985,000 $1,570,000 -20.9% 1.6%
    GUARANTEED RATE, INC. $775,000 $915,000 18.1% 0.9%
    The Maries County Bank $840,000 $890,000 6.0% 0.9%
    The Central Trust Bank $1,405,000 $870,000 -38.1% 0.9%
    Great Southern Bank $625,000 $860,000 37.6% 0.9%
    Hawthorn Bank $1,255,000 $825,000 -34.3% 0.8%
    MISSOURI ELECTRIC COOPERATIVES EMPL $555,000 $800,000 44.1% 0.8%
    AMERISAVE MORTGAGE CORPORATION $1,090,000 $775,000 -28.9% 0.8%
    Stockmens Bank $370,000 $755,000 104.1% 0.8%
    GUILD MORTGAGE COMPANY $685,000 $695,000 1.5% 0.7%
    The Federal Savings Bank $695,000 $690,000 -0.7% 0.7%
    Springfield First Community Bank $670,000 $680,000 1.5% 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $640,000 $670,000 4.7% 0.7%
    SOUTHWEST STAGE FUNDING, LLC $290,000 $585,000 101.7% 0.6%
    NEWREZ LLC $280,000 $575,000 105.4% 0.6%
    Southern Bank $780,000 $535,000 -31.4% 0.5%
    FIRST COMMUNITY $515,000 n/a 0.5%
    Midwest Mortgage Associates Corporation $480,000 n/a 0.5%
    Flagstar Bank, FSB $755,000 $450,000 -40.4% 0.5%
    NEW DAY FINANCIAL, LLC $105,000 $440,000 319.0% 0.5%
    Bank of America $665,000 $435,000 -34.6% 0.4%
    Wells Fargo Bank $2,870,000 $425,000 -85.2% 0.4%
    GERSHMAN INVESTMENT CORP. $525,000 $405,000 -22.9% 0.4%
    BOKF $85,000 $390,000 358.8% 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $385,000 n/a 0.4%
    Nations Lending Corporation $335,000 $380,000 13.4% 0.4%
    SUN WEST MORTGAGE COMPANY, INC. $265,000 $380,000 43.4% 0.4%
    Gateway First Bank $445,000 $375,000 -15.7% 0.4%
    NBKC BANK $350,000 n/a 0.4%
    Farmers and Merchants Bank of St. Clair $340,000 n/a 0.3%
    Mid-Continent Funding, Inc. $245,000 $335,000 36.7% 0.3%
    LOANDEPOT.COM, LLC $1,145,000 $325,000 -71.6% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $395,000 $320,000 -19.0% 0.3%
    Plains Commerce Bank $215,000 $305,000 41.9% 0.3%
    TIB The Independent Bankersbank $610,000 $300,000 -50.8% 0.3%
    BLUCURRENT $45,000 $295,000 555.6% 0.3%
    Farm Credit Mid-America, ACA $275,000 n/a 0.3%
    Stifel Bank and Trust $195,000 $275,000 41.0% 0.3%
    LEADERONE FINANCIAL CORPORATION $265,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $235,000 $260,000 10.6% 0.3%
    FCS Financial FLCA $245,000 n/a 0.3%
    ENDEAVOR CAPITAL, LLC. $455,000 $215,000 -52.7% 0.2%
    PLANET HOME LENDING, LLC $195,000 $215,000 10.3% 0.2%
    PREMIA MORTGAGE, LLC $215,000 n/a 0.2%
    JPMorgan Chase Bank $75,000 $210,000 180.0% 0.2%
    LOANPAL, LLC $470,000 $205,000 -56.4% 0.2%
    The Bank of Missouri $335,000 $205,000 -38.8% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $215,000 $195,000 -9.3% 0.2%
    Old Missouri Bank $420,000 $195,000 -53.6% 0.2%
    PLAZA HOME MORTGAGE, INC. $265,000 $195,000 -26.4% 0.2%
    Mid America Bank $185,000 n/a 0.2%
    MORTGAGE FINANCIAL SERVICES, LLC $640,000 $185,000 -71.1% 0.2%
    Paramount Residential Mortgage Group, Inc. $185,000 n/a 0.2%
    Ixonia Bank $135,000 $175,000 29.6% 0.2%
    PENTAGON FEDERAL CREDIT UNION $55,000 $175,000 218.2% 0.2%
    AMERICAN FINANCING CORPORATION $610,000 $165,000 -73.0% 0.2%
    COMMUNITY MORTGAGE, LLC $95,000 $165,000 73.7% 0.2%
    Carrington Mortgage Services, LLC $1,050,000 $150,000 -85.7% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $220,000 $150,000 -31.8% 0.2%
    BancorpSouth $10,100,000 $140,000 -98.6% 0.1%
    CARDINAL FINANCIAL $495,000 $135,000 -72.7% 0.1%
    PNC Bank $270,000 $135,000 -50.0% 0.1%
    TOP FLITE FINANCIAL, INC. $105,000 $135,000 28.6% 0.1%
    21ST MORTGAGE CORPORATION $330,000 $115,000 -65.2% 0.1%
    CRESCENT MORTGAGE COMPANY $195,000 $115,000 -41.0% 0.1%
    HOMESIDE FINANCIAL, LLC $255,000 $105,000 -58.8% 0.1%
    Sullivan Bank $75,000 n/a 0.1%
    ASSEMBLIES OF GOD Credit Union $945,000 $65,000 -93.1% 0.1%
    ROYAL UNITED MORTGAGE LLC $220,000 $65,000 -70.5% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.1%
    Discover Bank $105,000 $55,000 -47.6% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $740,000 $45,000 -93.9% 0.0%
    Southwest Missouri Bank $25,000 n/a 0.0%
    The Seymour Bank $165,000 $25,000 -84.8% 0.0%

    Lebanon's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 11.5% market share. In second place, with 9.4%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $9,220,000 in loans. In third place, with 8.9%, is First State Community Bank, having originated $8,730,000 in loans. In fourth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $5,475,000 in loans. In fifth place, with 5.1%, is U.S. Bank, having originated $5,000,000 in loans.

    Lebanon, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 367 $72,845,000 $198,488
    Cash Out Refi 93 $11,985,000 $128,871
    Refi 60 $7,810,000 $130,167
    Home Improvement 54 $3,140,000 $58,148
    Other 35 $1,905,000 $54,429

    Lebanon's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 194 $34,740,000 $179,072
    7-8% 193 $33,535,000 $173,756
    Over 8% 104 $9,760,000 $93,846
    5-6% 69 $13,045,000 $189,058
    2.5-3% 5 $225,000 $45,000
    4-5% 2 $310,000 $155,000
    <2.5% 1 $5,000 $5,000
    3-4% 1 $135,000 $135,000

    During 2023, Lebanon's most frequently originated rate bucket was 6-7%, with 194 originations.

    Loan Sizing (Lebanon, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 238 $34,750,000 $146,008
    $100,000 or less 200 $10,370,000 $51,850
    $200k-400k 154 $41,670,000 $270,584
    $400k-600k 12 $5,290,000 $440,833
    $600k-1000k 4 $2,640,000 $660,000
    $Over $1MM 1 $2,965,000 $2,965,000

    Lebanon's loan sizing saw the bucket of loans from $100k-200k with 238 originations, totaling $34,750,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 264 $53,090,000 $201,098
    60-80% 84 $14,810,000 $176,310
    20-40% 73 $5,765,000 $78,973
    Under 20% 70 $2,600,000 $37,143
    40-60% 56 $7,600,000 $135,714
    Over 100% 17 $7,175,000 $422,059

    Lebanon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 264 originations, totaling $53,090,000 in origination value.