Sikeston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sikeston averaged
6.82%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.05% and
one month ago for the week of 2023-02-09, the
average rate was 6.24%.
Sikeston's average rate one year ago was 4.27%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Sikeston 30 Year Fixed Rate | 2023-03-16 | 6.82% |
Sikeston 30 Year Fixed Rate Refi | 2023-03-16 | 6.72% |
Sikeston 15 Year Fixed Rate | 2023-03-16 | 7.6% |
Sikeston 15 Year Fixed Rate Refi | 2023-03-16 | 6.24% |
Sikeston 30 Year FHA | 2023-03-16 | 6.62% |
Sikeston 30 Year FHA Refi | 2023-03-16 | 6.67% |
Sikeston 30 Year USDA | 2023-03-16 | 6.68% |
Sikeston 30 Year USDA Refi | 2023-03-16 | 6.39% |
Sikeston 30 Year VA | 2023-03-16 | 6.72% |
Sikeston 30 Year VA Refi | 2023-03-16 | 6.11% |
Sikeston 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 Sikeston, 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.).
Sikeston Average Closing Costs & Other Stats
Sikeston, MO's 48 lenders originated 1,108
loans during 2021. The total origination value was $150,680,000, with an average loan value of
$135,993.
Sikeston's average closing costs are $3,600.
The top Sikeston lender as defined by loan originations is First State Community Bank, with
31 loans originated. Their average total fees are
$1,864, which is $650
lower than the next largest lender,
The Bank of Missouri.
The lowest fee Sikeston lenders (with over 10 loans originated) are
Southern Bank ($1,664), First State Community Bank ($1,864), U.S. Bank ($2,188), The Bank of Missouri ($2,514) and Wells Fargo Bank ($2,563).
The lowest rate Sikeston lenders (with over 10 loans originated) are
The Bank of Missouri (2.89%), Wells Fargo Bank (3.06%), Citizens Bank (3.11%), QUICKEN LOANS, LLC (3.13%) and U.S. Bank (3.26%).
Sikeston, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Alliance Bank | $17,490,000 | $18,555,000 | 6.1% | 12.3% |
QUICKEN LOANS, LLC | $10,110,000 | $10,895,000 | 7.8% | 7.2% |
The Bank of Missouri | $10,355,000 | $8,415,000 | -18.7% | 5.6% |
First State Community Bank | $15,560,000 | $7,900,000 | -49.2% | 5.2% |
First Midwest Bank of Dexter | $8,615,000 | $7,410,000 | -14.0% | 4.9% |
FLAT BRANCH MORTGAGE, INC. | $8,230,000 | $7,350,000 | -10.7% | 4.9% |
Flanagan State Bank | $9,230,000 | $6,260,000 | -32.2% | 4.2% |
U.S. Bank | $4,785,000 | $6,080,000 | 27.1% | 4.0% |
Montgomery Bank | $6,115,000 | $5,650,000 | -7.6% | 3.7% |
Wells Fargo Bank | $4,615,000 | $5,220,000 | 13.1% | 3.5% |
Southern Bank | $5,070,000 | $4,955,000 | -2.3% | 3.3% |
DAS Acquisition Company, LLC | $5,390,000 | $4,760,000 | -11.7% | 3.2% |
Regions Bank | $4,260,000 | $4,215,000 | -1.1% | 2.8% |
Citizens Bank | $1,480,000 | $4,205,000 | 184.1% | 2.8% |
UNITED WHOLESALE MORTGAGE, LLC | $325,000 | $2,725,000 | 738.5% | 1.8% |
Focus Bank | $2,290,000 | $2,530,000 | 10.5% | 1.7% |
FREEDOM MORTGAGE CORPORATION | $2,365,000 | $2,320,000 | -1.9% | 1.5% |
GUILD MORTGAGE COMPANY | $1,675,000 | $2,000,000 | 19.4% | 1.3% |
Mortgage Research Center, LLC | $1,470,000 | $1,960,000 | 33.3% | 1.3% |
LOANDEPOT.COM, LLC | $405,000 | $1,915,000 | 372.8% | 1.3% |
Wood & Huston Bank | $1,645,000 | $1,720,000 | 4.6% | 1.1% |
First Guaranty Mortgage Corporation | $105,000 | $1,690,000 | 1,509.5% | 1.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,500,000 | $1,470,000 | -2.0% | 1.0% |
GERSHMAN INVESTMENT CORP. | $400,000 | $1,465,000 | 266.3% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $1,065,000 | $1,390,000 | 30.5% | 0.9% |
MOVEMENT MORTGAGE, LLC | $795,000 | $1,320,000 | 66.0% | 0.9% |
CALIBER HOME LOANS, INC. | $965,000 | $1,260,000 | 30.6% | 0.8% |
PLANET HOME LENDING, LLC | $915,000 | $1,140,000 | 24.6% | 0.8% |
FIRST COMMUNITY MORTGAGE, INC. | $590,000 | $1,130,000 | 91.5% | 0.7% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,060,000 | n/a | 0.7% | |
DELMAR FINANCIAL COMPANY | $405,000 | $1,020,000 | 151.9% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $955,000 | n/a | 0.6% | |
JPMorgan Chase Bank | $470,000 | $905,000 | 92.6% | 0.6% |
Commerce Bank | $3,215,000 | $895,000 | -72.2% | 0.6% |
HALLMARK HOME MORTGAGE, LLC | $540,000 | $820,000 | 51.9% | 0.5% |
VILLAGE CAPITAL & INVESTMENT LLC | $125,000 | $750,000 | 500.0% | 0.5% |
Flagstar Bank, FSB | $840,000 | $725,000 | -13.7% | 0.5% |
BROKER SOLUTIONS, INC. | $355,000 | $720,000 | 102.8% | 0.5% |
Magnolia Bank | $2,825,000 | $635,000 | -77.5% | 0.4% |
NAVY FEDERAL CREDIT UNION | $215,000 | $635,000 | 195.3% | 0.4% |
UMB Bank | $585,000 | n/a | 0.4% | |
NEW DAY FINANCIAL, LLC | $375,000 | $560,000 | 49.3% | 0.4% |
LEADERONE FINANCIAL CORPORATION | $500,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $85,000 | $460,000 | 441.2% | 0.3% |
Banterra Bank | $695,000 | $445,000 | -36.0% | 0.3% |
FOUR POINTS | $175,000 | $425,000 | 142.9% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $390,000 | $420,000 | 7.7% | 0.3% |
USAA Federal Savings Bank | $485,000 | $420,000 | -13.4% | 0.3% |
GUARANTEED RATE, INC. | $95,000 | $415,000 | 336.8% | 0.3% |
The Federal Savings Bank | $305,000 | $385,000 | 26.2% | 0.3% |
21ST MORTGAGE CORPORATION | $355,000 | $370,000 | 4.2% | 0.2% |
First Mortgage Solutions, LLC | $355,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $355,000 | n/a | 0.2% | |
First State Bank of St. Charles, Missouri | $285,000 | $305,000 | 7.0% | 0.2% |
Truist Bank | $305,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $300,000 | n/a | 0.2% | |
NEWREZ LLC | $115,000 | $290,000 | 152.2% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $280,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $95,000 | $280,000 | 194.7% | 0.2% |
HOMESIDE FINANCIAL, LLC | $260,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $255,000 | n/a | 0.2% | |
ENDEAVOR CAPITAL, LLC. | $545,000 | $250,000 | -54.1% | 0.2% |
First Midwest Bank of Poplar Bluff | $250,000 | n/a | 0.2% | |
Paramount Bank | $230,000 | n/a | 0.2% | |
First National Bank | $225,000 | n/a | 0.1% | |
Low VA Rates, LLC | $150,000 | $225,000 | 50.0% | 0.1% |
InterContinental Capital Group, Inc | $220,000 | n/a | 0.1% | |
ALLIANT CREDIT UNION | $210,000 | n/a | 0.1% | |
FAMILY FINANCE MORTGAGE, LLC | $205,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $205,000 | n/a | 0.1% | |
Arvest Bank | $35,000 | $190,000 | 442.9% | 0.1% |
CELEBRITY HOME LOANS, LLC | $185,000 | n/a | 0.1% | |
COMMUNITY MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
THOMPSON KANE & COMPANY, LLC | $165,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $200,000 | $145,000 | -27.5% | 0.1% |
NP, Inc. | $145,000 | n/a | 0.1% | |
Bloomsdale Bank | $135,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $135,000 | 80.0% | 0.1% |
Peoples National Bank , N.A. | $95,000 | $135,000 | 42.1% | 0.1% |
PANORAMA MORTGAGE GROUP, LLC | $125,000 | n/a | 0.1% | |
Raymond James Bank | $125,000 | n/a | 0.1% | |
Bank of Springfield | $115,000 | n/a | 0.1% | |
Dieterich Bank | $115,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $55,000 | $110,000 | 100.0% | 0.1% |
Bank of England | $105,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $440,000 | $105,000 | -76.1% | 0.1% |
Farmers State Bank of Alto Pass | $105,000 | n/a | 0.1% | |
Fifth Third Bank | $105,000 | n/a | 0.1% | |
Mid-Continent Funding, Inc. | $145,000 | $105,000 | -27.6% | 0.1% |
Nations Lending Corporation | $105,000 | n/a | 0.1% | |
Great Southern Bank | $95,000 | n/a | 0.1% | |
NATIONS RELIABLE LENDING, LLC | $95,000 | n/a | 0.1% | |
COMPEER FINANCIAL, FLCA | $250,000 | $85,000 | -66.0% | 0.1% |
FAY SERVICING, LLC | $105,000 | $85,000 | -19.0% | 0.1% |
LOANPAL, LLC | $85,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $85,000 | n/a | 0.1% | |
Evolve Bank & Trust | $75,000 | n/a | 0.0% | |
AMERICAN FINANCING CORPORATION | $75,000 | $65,000 | -13.3% | 0.0% |
The Bennington State Bank | $65,000 | n/a | 0.0% | |
MISSOURI Credit Union | $105,000 | $55,000 | -47.6% | 0.0% |
Morton Community Bank | $45,000 | n/a | 0.0% | |
STAR USA FEDERAL CREDIT UNION | $35,000 | $45,000 | 28.6% | 0.0% |
WEST COMMUNITY | $45,000 | n/a | 0.0% | |
Deere Employees Credit Union | $35,000 | n/a | 0.0% | |
TOGETHER CREDIT UNION | $35,000 | n/a | 0.0% | |
Peoples Community Bank | $435,000 | $25,000 | -94.3% | 0.0% |
United Bank of Union | $15,000 | n/a | 0.0% |
Sikeston's top lender by overall market share is Alliance Bank, with 12.3% market share. In second place, with 7.2%, is QUICKEN LOANS, LLC, having originated $10,895,000 in loans. In third place, with 5.6%, is The Bank of Missouri, having originated $8,415,000 in loans. In fourth place, with 5.2%, is First State Community Bank, having originated $7,900,000 in loans. In fifth place, with 4.9%, is First Midwest Bank of Dexter, having originated $7,410,000 in loans.
Sikeston Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Sikeston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $128,450 (27.0%) | $146,222 (21.1%) | 0.00 | 68 |
2018-02-01 | $129,900 (28.0%) | $147,000 (24.0%) | 0.00 | 68 |
2018-03-01 | $129,900 (22.6%) | $134,594 (9.9%) | 0.00 | 66 |
2018-04-01 | $129,900 (13.1%) | $136,192 (3.4%) | 0.00 | 74 |
2018-05-01 | $123,250 (7.3%) | $142,091 (2.7%) | 0.00 | 73 |
2018-06-01 | $119,900 (7.3%) | $137,459 (0.6%) | 0.00 | 72 |
2018-07-01 | $112,925 (0.8%) | $134,214 (3.1%) | 0.00 | 80 |
2018-08-01 | $120,325 (3.6%) | $138,356 (2.4%) | 0.00 | 73 |
2018-09-01 | $123,700 (-1.0%) | $138,595 (-2.3%) | 0.00 | 84 |
2018-10-01 | $129,675 (10.5%) | $141,256 (-0.3%) | 0.00 | 84 |
2018-11-01 | $126,750 (3.5%) | $140,223 (-1.5%) | 0.00 | 79 |
2018-12-01 | $124,000 (-2.0%) | $143,739 (-1.9%) | 0.00 | 77 |
2019-01-01 | $124,225 (-3.3%) | $150,617 (3.0%) | 0.00 | 74 |
2019-02-01 | $127,450 (-1.9%) | $155,393 (5.7%) | 0.00 | 76 |
2019-03-01 | $138,021 (6.3%) | $158,127 (17.5%) | 0.00 | 81 |
2019-04-01 | $138,271 (6.4%) | $152,652 (12.1%) | 0.00 | 87 |
2019-05-01 | $136,225 (10.5%) | $156,675 (10.3%) | 0.00 | 87 |
2019-06-01 | $142,400 (18.8%) | $168,492 (22.6%) | 0.00 | 89 |
2019-07-01 | $144,075 (27.6%) | $173,224 (29.1%) | 0.00 | 95 |
2019-08-01 | $142,336 (18.3%) | $167,590 (21.1%) | 0.00 | 112 |
2019-09-01 | $135,341 (9.4%) | $157,843 (13.9%) | 0.00 | 140 |
2019-10-01 | $129,900 (0.2%) | $153,531 (8.7%) | 0.00 | 170 |
2019-11-01 | $124,900 (-1.5%) | $153,897 (9.8%) | 0.00 | 177 |
2019-12-01 | $129,000 (4.0%) | $156,978 (9.2%) | 0.00 | 169 |
2020-01-01 | $125,450 (1.0%) | $154,108 (2.3%) | 0.00 | 161 |
2020-02-01 | $129,450 (1.6%) | $156,893 (1.0%) | 0.00 | 159 |
2020-03-01 | $125,000 (-9.4%) | $152,819 (-3.4%) | 0.00 | 160 |
2020-04-01 | $124,700 (-9.8%) | $152,140 (-0.3%) | 0.00 | 152 |
2020-05-01 | $124,500 (-8.6%) | $150,508 (-3.9%) | 0.00 | 139 |
2020-06-01 | $129,900 (-8.8%) | $151,716 (-10.0%) | 0.00 | 137 |
2020-07-01 | $134,450 (-6.7%) | $152,834 (-11.8%) | 0.00 | 120 |
2020-08-01 | $142,500 (0.1%) | $162,160 (-3.2%) | 0.00 | 95 |
2020-09-01 | $138,000 (2.0%) | $156,693 (-0.7%) | 0.00 | 87 |
2020-10-01 | $138,000 (6.2%) | $161,601 (5.3%) | 0.00 | 83 |
2020-11-01 | $140,000 (12.1%) | $161,674 (5.1%) | 0.00 | 93 |
2020-12-01 | $139,125 (7.9%) | $158,638 (1.1%) | 0.00 | 90 |
2021-01-01 | $139,000 (10.8%) | $154,544 (0.3%) | 0.00 | 84 |
2021-02-01 | $129,925 (0.4%) | $153,399 (-2.2%) | 0.00 | 72 |
2021-03-01 | $124,226 (-0.6%) | $148,038 (-3.1%) | 0.00 | 66 |
2021-04-01 | $123,338 (-1.1%) | $149,282 (-1.9%) | 0.00 | 68 |
2021-05-01 | $135,450 (8.8%) | $152,685 (1.5%) | 0.00 | 66 |
2021-06-01 | $139,900 (7.7%) | $159,822 (5.3%) | 0.00 | 65 |
2021-07-01 | $149,900 (11.5%) | $168,972 (10.6%) | 0.00 | 66 |
2021-08-01 | $149,925 (5.2%) | $177,219 (9.3%) | 0.00 | 64 |
2021-09-01 | $147,450 (6.9%) | $171,046 (9.2%) | 0.00 | 77 |
2021-10-01 | $144,900 (5.0%) | $166,620 (3.1%) | 0.00 | 80 |
2021-11-01 | $139,900 (-0.1%) | $159,569 (-1.3%) | 0.00 | 74 |
2021-12-01 | $135,400 (-2.7%) | $160,955 (1.5%) | 0.00 | 72 |
2022-01-01 | $149,700 (7.7%) | $172,479 (11.6%) | 0.00 | 65 |
2022-02-01 | $149,900 (15.4%) | $188,781 (23.1%) | 0.00 | 64 |
2022-03-01 | $157,450 (26.7%) | $207,456 (40.1%) | 0.00 | 70 |
2022-04-01 | $150,000 (21.6%) | $185,763 (24.4%) | 0.00 | 76 |
2022-05-01 | $145,000 (7.1%) | $176,617 (15.7%) | 0.00 | 76 |
2022-06-01 | $138,175 (-1.2%) | $169,373 (6.0%) | 0.00 | 71 |
2022-07-01 | $144,900 (-3.3%) | $184,160 (9.0%) | 0.00 | 73 |
2022-08-01 | $123,500 (-17.6%) | $168,543 (-4.9%) | 0.00 | 108 |
2022-09-01 | $117,400 (-20.4%) | $174,562 (2.1%) | 0.00 | 115 |
2022-10-01 | $119,900 (-17.3%) | $179,615 (7.8%) | 0.00 | 110 |
2022-11-01 | $104,925 (-25.0%) | $179,801 (12.7%) | 0.00 | 113 |
2022-12-01 | $99,450 (-26.6%) | $172,360 (7.1%) | 0.00 | 127 |
2023-01-01 | $123,100 (-17.8%) | $174,671 (1.3%) | 0.00 | 94 |
2023-02-01 | $129,450 (-13.6%) | $178,845 (-5.3%) | 0.00 | 83 |
Sikeston's median listing price comes in at 0% of the national average.
Sikeston's average listing price for 2023-02-01 was $178,845, a difference of $-9,936 (-5.3%) versus the prior year and $4,174 versus the prior month.
For the 2023-02-01 period, Sikeston had 83 MLS listings, a difference of -11 listings (-12%) versus the prior month and 19 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sikeston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,486 sqft |
2018-02-01 | 0 days | 1,486 sqft |
2018-03-01 | 0 days | 1,443 sqft |
2018-04-01 | 0 days | 1,545 sqft |
2018-05-01 | 0 days | 1,498 sqft |
2018-06-01 | 0 days | 1,463 sqft |
2018-07-01 | 0 days | 1,463 sqft |
2018-08-01 | 0 days | 1,544 sqft |
2018-09-01 | 0 days | 1,536 sqft |
2018-10-01 | 0 days | 1,544 sqft |
2018-11-01 | 0 days | 1,549 sqft |
2018-12-01 | 0 days | 1,542 sqft |
2019-01-01 | 0 days | 1,565 sqft |
2019-02-01 | 0 days | 1,574 sqft |
2019-03-01 | 0 days | 1,653 sqft |
2019-04-01 | 0 days | 1,667 sqft |
2019-05-01 | 0 days | 1,655 sqft |
2019-06-01 | 0 days | 1,720 sqft |
2019-07-01 | 0 days | 1,612 sqft |
2019-08-01 | 0 days | 1,633 sqft |
2019-09-01 | 0 days | 1,679 sqft |
2019-10-01 | 0 days | 1,742 sqft |
2019-11-01 | 0 days | 1,724 sqft |
2019-12-01 | 0 days | 1,700 sqft |
2020-01-01 | 0 days | 1,704 sqft |
2020-02-01 | 0 days | 1,752 sqft |
2020-03-01 | 0 days | 1,730 sqft |
2020-04-01 | 0 days | 1,736 sqft |
2020-05-01 | 0 days | 1,714 sqft |
2020-06-01 | 0 days | 1,721 sqft |
2020-07-01 | 0 days | 1,747 sqft |
2020-08-01 | 0 days | 1,778 sqft |
2020-09-01 | 0 days | 1,722 sqft |
2020-10-01 | 0 days | 1,604 sqft |
2020-11-01 | 0 days | 1,615 sqft |
2020-12-01 | 0 days | 1,555 sqft |
2021-01-01 | 0 days | 1,548 sqft |
2021-02-01 | 0 days | 1,523 sqft |
2021-03-01 | 0 days | 1,609 sqft |
2021-04-01 | 0 days | 1,554 sqft |
2021-05-01 | 0 days | 1,554 sqft |
2021-06-01 | 0 days | 1,619 sqft |
2021-07-01 | 0 days | 1,652 sqft |
2021-08-01 | 0 days | 1,652 sqft |
2021-09-01 | 0 days | 1,651 sqft |
2021-10-01 | 0 days | 1,616 sqft |
2021-11-01 | 0 days | 1,551 sqft |
2021-12-01 | 0 days | 1,508 sqft |
2022-01-01 | 0 days | 1,684 sqft |
2022-02-01 | 0 days | 1,664 sqft |
2022-03-01 | 0 days | 1,655 sqft |
2022-04-01 | 0 days | 1,581 sqft |
2022-05-01 | 0 days | 1,638 sqft |
2022-06-01 | 0 days | 1,463 sqft |
2022-07-01 | 0 days | 1,534 sqft |
2022-08-01 | 0 days | 1,401 sqft |
2022-09-01 | 0 days | 1,402 sqft |
2022-10-01 | 0 days | 1,402 sqft |
2022-11-01 | 0 days | 1,315 sqft |
2022-12-01 | 0 days | 1,302 sqft |
2023-01-01 | 0 days | 1,326 sqft |
2023-02-01 | 0 days | 1,297 sqft |
Sikeston's median square footage for active listings during the 2023-02-01 period was 1,297 sqft. One year prior, the average listing was 1,664 sqft.
Sikeston, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 530 | $74,220,000 | $140,038 |
Refi | 343 | $48,145,000 | $140,364 |
Cash Out Refi | 169 | $24,545,000 | $145,237 |
Home Improvement | 38 | $2,180,000 | $57,368 |
Other | 28 | $1,590,000 | $56,786 |
Sikeston's most frequently cited loan purpose was Home Purchase, with 530 originations. The 2nd most popular reason was Refi, with 343 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 383 | $50,195,000 | $131,057 |
2.5-3% | 265 | $38,895,000 | $146,774 |
<2.5% | 134 | $19,220,000 | $143,433 |
4-5% | 52 | $5,460,000 | $105,000 |
5-6% | 12 | $530,000 | $44,167 |
6-7% | 9 | $535,000 | $59,444 |
7-8% | 2 | $90,000 | $45,000 |
Over 8% | 1 | $45,000 | $45,000 |
During 2021, Sikeston's most frequently originated rate bucket was 3-4%, with 383 originations.
Loan Sizing (Sikeston, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 530 | $73,520,000 | $138,717 |
$100,000 or less | 404 | $27,020,000 | $66,881 |
$200k-400k | 154 | $39,400,000 | $255,844 |
$400k-600k | 15 | $7,045,000 | $469,667 |
$600k-1000k | 5 | $3,695,000 | $739,000 |
Sikeston's loan sizing saw the bucket of loans from $100k-200k with 530 originations, totaling $73,520,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 441 | $63,495,000 | $143,980 |
60-80% | 232 | $32,640,000 | $140,690 |
40-60% | 78 | $9,450,000 | $121,154 |
20-40% | 48 | $3,250,000 | $67,708 |
Under 20% | 20 | $460,000 | $23,000 |
Over 100% | 14 | $2,160,000 | $154,286 |
Sikeston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 441 originations, totaling $63,495,000 in origination value.