Sikeston Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sikeston, MO.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
First State Community Bank 31 3.31% $1,864
The Bank of Missouri 27 2.89% $2,514
QUICKEN LOANS, LLC 26 3.13% $4,258
U.S. Bank 21 3.26% $2,188
FLAT BRANCH MORTGAGE, INC. 20 3.40% $2,744
Wells Fargo Bank 16 3.06% $2,563
Southern Bank 14 3.59% $1,664
Citizens Bank 12 3.11% $2,711
Regions Bank 10 3.28% $2,679
DAS Acquisition Company, LLC 9 3.26% $2,831
Wood & Huston Bank 9 4.28% $1,576
UNITED WHOLESALE MORTGAGE, LLC 6 3.08% $4,291
LOANDEPOT.COM, LLC 5 3.55% $4,254
Commerce Bank 5 3.55% $2,357
Flanagan State Bank 5 3.13% $5,449
Flagstar Bank, FSB 4 3.37% $2,352
CALIBER HOME LOANS, INC. 4 3.04% $2,806
First Guaranty Mortgage Corporation 4 3.06% $4,701
DELMAR FINANCIAL COMPANY 4 3.31% $2,508
PLANET HOME LENDING, LLC 4 2.90% $2,377
MOVEMENT MORTGAGE, LLC 3 3.10% $3,502
BROKER SOLUTIONS, INC. 3 3.21% $3,054
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.25% $2,951
GUILD MORTGAGE COMPANY 3 3.42% $2,892
HALLMARK HOME MORTGAGE, LLC 3 3.54% $2,699
Truist 3 3.08% $2,265
InterContinental Capital Group, Inc 2 3.63% $3,297
JPMorgan Chase Bank 2 3.38% $3,917
ALLIANT CREDIT UNION 2 2.94% $3,498
GERSHMAN INVESTMENT CORP. 2 3.19% $2,359
ROYAL UNITED MORTGAGE LLC 2 3.75% $6,750
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.88% $3,816
BETTER MORTGAGE CORPORATION 2 2.88% $4,162
HOME POINT FINANCIAL CORPORATION 2 3.13% $1,471
Peoples National Bank , N.A. 1 2.50% $2,700
UMB Bank 1 3.18% $2,681
First State Bank of St. Charles, Missouri 1 3.13% $3,503
First National Bank 1 3.95% $1,574
Bank of Springfield 1 3.13% $1,605
Fifth Third Bank 1 3.25% $2,092
SOUTHWEST FUNDING, LP 1 3.25% $3,350
COMPEER FINANCIAL, FLCA 1 4.75% $2,188
LEADERONE FINANCIAL CORPORATION 1 3.99% $3,194
GUARANTEED RATE, INC. 1 2.99% $12,696
Arvest Bank 1 3.38% $3,305
NAVY FEDERAL CREDIT UNION 1 3.13% $1,292
NP, Inc. 1 3.38% $2,783
Paramount Bank 1 3.13% $2,321

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. Louis
Date 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 for 2023-02-01 was $129,450, a difference of $-20,450 (-13.6%) versus the prior year and $6,350 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-02-01 was 0 days.

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.