Sikeston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sikeston averaged
6.95%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.74% and
one month ago for the week of 2023-08-17, the
average rate was 6.85%.
Sikeston's average rate one year ago was 5.98%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Sikeston 30 Year Fixed Rate | 2023-09-21 | 6.95% |
Sikeston 30 Year Fixed Rate Refi | 2023-09-21 | 7.39% |
Sikeston 15 Year Fixed Rate | 2023-09-21 | 6.34% |
Sikeston 15 Year Fixed Rate Refi | 2023-09-21 | 6.44% |
Sikeston 30 Year FHA | 2023-09-21 | 6.67% |
Sikeston 30 Year FHA Refi | 2023-09-21 | 7.24% |
Sikeston 30 Year USDA | 2023-09-21 | 6.5% |
Sikeston 30 Year USDA Refi | 2023-09-21 | 7.22% |
Sikeston 30 Year VA | 2023-09-21 | 7.02% |
Sikeston 30 Year VA Refi | 2023-09-21 | 6.72% |
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 52 lenders originated 807
loans during 2022. The total origination value was $116,465,000, with an average loan value of
$144,318.
Sikeston's average closing costs are $3,778.
The top Sikeston lender as defined by loan originations is The Bank of Missouri, with
27 loans originated. Their average total fees are
$2,556, which is $168
higher than the next largest lender,
First State Community Bank.
The lowest fee Sikeston lenders (with over 10 loans originated) are
Southern Bank ($1,885), U.S. Bank ($2,315), First State Community Bank ($2,388), Truist ($2,412) and Wells Fargo Bank ($2,506).
The lowest rate Sikeston lenders (with over 10 loans originated) are
The Bank of Missouri (4.67%), Wells Fargo Bank (4.72%), First State Community Bank (4.80%), U.S. Bank (4.85%) and Truist (4.86%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
First State Community Bank | $7,900,000 | $11,885,000 | 50.4% | 10.2% |
Alliance Bank | $18,555,000 | $9,800,000 | -47.2% | 8.4% |
Flanagan State Bank | $6,260,000 | $6,515,000 | 4.1% | 5.6% |
The Bank of Missouri | $8,415,000 | $6,435,000 | -23.5% | 5.5% |
First Midwest Bank of Dexter | $7,410,000 | $6,120,000 | -17.4% | 5.3% |
FLAT BRANCH MORTGAGE, INC. | $7,350,000 | $5,915,000 | -19.5% | 5.1% |
DAS Acquisition Company, LLC | $4,760,000 | $5,340,000 | 12.2% | 4.6% |
Montgomery Bank | $5,650,000 | $4,730,000 | -16.3% | 4.1% |
QUICKEN LOANS, LLC | $10,895,000 | $4,095,000 | -62.4% | 3.5% |
Southern Bank | $4,955,000 | $3,570,000 | -28.0% | 3.1% |
Mortgage Research Center, LLC | $1,960,000 | $3,355,000 | 71.2% | 2.9% |
Focus Bank | $2,530,000 | $2,980,000 | 17.8% | 2.6% |
Regions Bank | $4,215,000 | $2,895,000 | -31.3% | 2.5% |
U.S. Bank | $6,080,000 | $2,775,000 | -54.4% | 2.4% |
Citizens Bank | $4,205,000 | $2,220,000 | -47.2% | 1.9% |
Truist | $305,000 | $2,140,000 | 601.6% | 1.8% |
Wells Fargo Bank | $5,220,000 | $2,110,000 | -59.6% | 1.8% |
LOANDEPOT.COM, LLC | $1,915,000 | $1,940,000 | 1.3% | 1.7% |
MOVEMENT MORTGAGE, LLC | $1,320,000 | $1,625,000 | 23.1% | 1.4% |
UNITED WHOLESALE MORTGAGE, LLC | $2,725,000 | $1,625,000 | -40.4% | 1.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,470,000 | $1,595,000 | 8.5% | 1.4% |
GUILD MORTGAGE COMPANY | $2,000,000 | $1,270,000 | -36.5% | 1.1% |
Magnolia Bank | $635,000 | $1,180,000 | 85.8% | 1.0% |
PLANET HOME LENDING, LLC | $1,140,000 | $1,120,000 | -1.8% | 1.0% |
Wood & Huston Bank | $1,720,000 | $1,090,000 | -36.6% | 0.9% |
Financial Funding Solutions, Inc. | $875,000 | n/a | 0.8% | |
First Bank | $865,000 | n/a | 0.7% | |
PNC Bank | $840,000 | n/a | 0.7% | |
Flagstar Bank, FSB | $725,000 | $760,000 | 4.8% | 0.7% |
21ST MORTGAGE CORPORATION | $370,000 | $740,000 | 100.0% | 0.6% |
FIRST COMMUNITY MORTGAGE, INC. | $1,130,000 | $730,000 | -35.4% | 0.6% |
HOME POINT FINANCIAL CORPORATION | $955,000 | $720,000 | -24.6% | 0.6% |
GERSHMAN INVESTMENT CORP. | $1,465,000 | $695,000 | -52.6% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $1,390,000 | $640,000 | -54.0% | 0.5% |
Farm Credit Mid-America, ACA | $580,000 | n/a | 0.5% | |
FREEDOM MORTGAGE CORPORATION | $2,320,000 | $565,000 | -75.6% | 0.5% |
Dieterich Bank | $115,000 | $550,000 | 378.3% | 0.5% |
Commerce Bank | $895,000 | $495,000 | -44.7% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $280,000 | $495,000 | 76.8% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $135,000 | $485,000 | 259.3% | 0.4% |
NAVY FEDERAL CREDIT UNION | $635,000 | $485,000 | -23.6% | 0.4% |
USAA Federal Savings Bank | $420,000 | $485,000 | 15.5% | 0.4% |
DELMAR FINANCIAL COMPANY | $1,020,000 | $480,000 | -52.9% | 0.4% |
Servion, Inc. | $465,000 | n/a | 0.4% | |
Discover Bank | $430,000 | n/a | 0.4% | |
AMERISAVE MORTGAGE CORPORATION | $460,000 | $425,000 | -7.6% | 0.4% |
NP, Inc. | $145,000 | $410,000 | 182.8% | 0.4% |
SCOTT CREDIT UNION | $410,000 | n/a | 0.4% | |
Bell Bank | $405,000 | n/a | 0.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,060,000 | $400,000 | -62.3% | 0.3% |
GENEVA FINANCIAL, LLC | $340,000 | n/a | 0.3% | |
Stifel Bank and Trust | $315,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $560,000 | $285,000 | -49.1% | 0.2% |
ENDEAVOR CAPITAL, LLC. | $250,000 | $275,000 | 10.0% | 0.2% |
CALIBER HOME LOANS, INC. | $1,260,000 | $270,000 | -78.6% | 0.2% |
EVANSVILLE TEACHERS | $250,000 | n/a | 0.2% | |
Mid-Continent Funding, Inc. | $105,000 | $245,000 | 133.3% | 0.2% |
EVERETT FINANCIAL, INC. | $240,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $235,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $905,000 | $205,000 | -77.3% | 0.2% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $195,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $105,000 | $190,000 | 81.0% | 0.2% |
Banterra Bank | $445,000 | $185,000 | -58.4% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $355,000 | $185,000 | -47.9% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $175,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $420,000 | $170,000 | -59.5% | 0.1% |
Carrollton Bank | $165,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
LOANPAL, LLC | $85,000 | $155,000 | 82.4% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $85,000 | $145,000 | 70.6% | 0.1% |
BETTER MORTGAGE CORPORATION | $300,000 | $135,000 | -55.0% | 0.1% |
Community Mortgage Banc Corporation | $135,000 | n/a | 0.1% | |
Nations Lending Corporation | $105,000 | $135,000 | 28.6% | 0.1% |
AMERICAN FINANCING CORPORATION | $65,000 | $125,000 | 92.3% | 0.1% |
Enterprise Bank & Trust | $125,000 | n/a | 0.1% | |
FIRST COMMUNITY | $125,000 | n/a | 0.1% | |
First Federal Savings Bank | $125,000 | n/a | 0.1% | |
HOMESTAR FINANCIAL CORPORATION | $125,000 | n/a | 0.1% | |
JLB CORPORATION | $125,000 | n/a | 0.1% | |
Oakstar Bank | $125,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $205,000 | $115,000 | -43.9% | 0.1% |
TOP FLITE FINANCIAL, INC. | $115,000 | n/a | 0.1% | |
Deere Employees Credit Union | $35,000 | $105,000 | 200.0% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $110,000 | $85,000 | -22.7% | 0.1% |
Great Southern Bank | $95,000 | $85,000 | -10.5% | 0.1% |
NEWREZ LLC | $290,000 | $85,000 | -70.7% | 0.1% |
Transportation Federal Credit Union | $85,000 | n/a | 0.1% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $415,000 | $75,000 | -81.9% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $1,690,000 | $55,000 | -96.7% | 0.0% |
Pinnacle Bank | $55,000 | n/a | 0.0% | |
FCB Banks | $45,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $255,000 | $45,000 | -82.4% | 0.0% |
Sikeston's top lender by overall market share is First State Community Bank, with 10.2% market share. In second place, with 8.4%, is Alliance Bank, having originated $9,800,000 in loans. In third place, with 5.6%, is Flanagan State Bank, having originated $6,515,000 in loans. In fourth place, with 5.5%, is The Bank of Missouri, having originated $6,435,000 in loans. In fifth place, with 5.3%, is First Midwest Bank of Dexter, having originated $6,120,000 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%) | $158,135 (17.5%) | 0.00 | 81 |
2019-04-01 | $138,271 (6.4%) | $152,660 (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 |
2023-03-01 | $148,500 (-5.7%) | $186,507 (-10.1%) | 0.00 | 88 |
2023-04-01 | $149,900 (-0.1%) | $194,089 (4.5%) | 0.00 | 85 |
2023-05-01 | $159,900 (10.3%) | $203,015 (15.0%) | 0.00 | 90 |
2023-06-01 | $159,900 (15.7%) | $202,311 (19.5%) | 0.00 | 89 |
2023-07-01 | $164,900 (13.8%) | $204,804 (11.2%) | 0.00 | 91 |
2023-08-01 | $161,575 (30.8%) | $199,251 (18.2%) | 0.00 | 99 |
Sikeston's median listing price comes in at 0% of the national average.
Sikeston's average listing price for 2023-08-01 was $199,251, a difference of $30,708 (18.2%) versus the prior year and $-5,553 versus the prior month.
For the 2023-08-01 period, Sikeston had 99 MLS listings, a difference of 8 listings (9%) versus the prior month and -9 listings (-8%) 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 | 1,477 sqft |
2018-02-01 | 0 days | 1,477 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 | 1,466 sqft |
2018-07-01 | 0 days | 1,466 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 | 1,713 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 | 1,626 sqft |
2021-10-01 | 0 days | 1,600 sqft |
2021-11-01 | 0 days | 1,551 sqft |
2021-12-01 | 0 days | 1,507 sqft |
2022-01-01 | 0 days | 1,668 sqft |
2022-02-01 | 0 days | 1,660 sqft |
2022-03-01 | 0 days | 1,655 sqft |
2022-04-01 | 0 days | 1,581 sqft |
2022-05-01 | 0 days | 1,628 sqft |
2022-06-01 | 0 days | 1,440 sqft |
2022-07-01 | 0 days | 1,534 sqft |
2022-08-01 | 0 days | 1,399 sqft |
2022-09-01 | 0 days | 1,399 sqft |
2022-10-01 | 0 days | 1,400 sqft |
2022-11-01 | 0 days | 1,315 sqft |
2022-12-01 | 0 days | 1,295 sqft |
2023-01-01 | 0 days | 1,323 sqft |
2023-02-01 | 0 days | 1,291 sqft |
2023-03-01 | 0 days | 1,289 sqft |
2023-04-01 | 0 days | 1,400 sqft |
2023-05-01 | 0 days | 1,484 sqft |
2023-06-01 | 0 days | 1,484 sqft |
2023-07-01 | 0 days | 1,534 sqft |
2023-08-01 | 0 days | 1,445 sqft |
Sikeston's median square footage for active listings during the 2023-08-01 period was 1,445 sqft. One year prior, the average listing was 1,399 sqft.
Sikeston, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 488 | $73,510,000 | $150,635 |
Refi | 132 | $23,880,000 | $180,909 |
Cash Out Refi | 85 | $12,585,000 | $148,059 |
Home Improvement | 56 | $3,650,000 | $65,179 |
Other | 46 | $2,840,000 | $61,739 |
Sikeston's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Refi, with 132 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 187 | $25,565,000 | $136,711 |
4-5% | 139 | $24,045,000 | $172,986 |
3-4% | 136 | $21,870,000 | $160,809 |
6-7% | 71 | $9,645,000 | $135,845 |
7-8% | 34 | $4,120,000 | $121,176 |
2.5-3% | 33 | $4,445,000 | $134,697 |
Over 8% | 12 | $750,000 | $62,500 |
<2.5% | 7 | $975,000 | $139,286 |
During 2022, Sikeston's most frequently originated rate bucket was 5-6%, with 187 originations.
Loan Sizing (Sikeston, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 363 | $50,565,000 | $139,298 |
$100,000 or less | 301 | $18,935,000 | $62,907 |
$200k-400k | 125 | $32,725,000 | $261,800 |
$400k-600k | 15 | $6,935,000 | $462,333 |
$600k-1000k | 2 | $1,480,000 | $740,000 |
$Over $1MM | 1 | $5,825,000 | $5,825,000 |
Sikeston's loan sizing saw the bucket of loans from $100k-200k with 363 originations, totaling $50,565,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 333 | $48,025,000 | $144,219 |
60-80% | 156 | $25,130,000 | $161,090 |
40-60% | 61 | $13,225,000 | $216,803 |
20-40% | 33 | $2,745,000 | $83,182 |
Under 20% | 28 | $880,000 | $31,429 |
Over 100% | 6 | $1,210,000 | $201,667 |
Sikeston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 333 originations, totaling $48,025,000 in origination value.