SPRINGFIELD Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Springfield averaged
6.54%
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
6.47% and
one month ago for the week of 2024-10-03, the
average rate was 6.27%.
Springfield's average rate one year ago was 7.91%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.68%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Springfield 30 Year Fixed Rate | 2024-11-07 | 6.54% |
| Springfield 30 Year Fixed Rate Refi | 2024-11-07 | 6.68% |
| Springfield 15 Year Fixed Rate | 2024-11-07 | 6.3% |
| Springfield 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Springfield 30 Year FHA | 2024-11-07 | 6.49% |
| Springfield 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Springfield 30 Year USDA | 2024-11-07 | 6.63% |
| Springfield 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Springfield 30 Year VA | 2024-11-07 | 6.63% |
| Springfield 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPRINGFIELD, MO.
SPRINGFIELD 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 SPRINGFIELD, 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.).
SPRINGFIELD Average Closing Costs & Other Stats
SPRINGFIELD, MO's 184 lenders originated 10,101
loans during 2023. The total origination value was $2,153,615,000, with an average loan value of
$213,208.
SPRINGFIELD's average closing costs are $3,758.
The top SPRINGFIELD lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
411 loans originated. Their average total fees are
$3,290, which is $107
lower than the next largest lender,
GERSHMAN INVESTMENT CORP..
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
Southern Bank ($2,240), Mortgage Research Center, LLC ($2,579), BLUCURRENT ($2,596), The Bank of Missouri ($2,661) and UMB Bank ($2,742).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
Capitol Federal Savings Bank (5.31%), Deere Employees Credit Union (5.94%), UMB Bank (6.08%), Oakstar Bank (6.18%) and NAVY FEDERAL CREDIT UNION (6.20%).
SPRINGFIELD, 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. | $210,880,000 | $151,415,000 | -28.2% | 7.0% |
| The Central Trust Bank | $176,270,000 | $98,750,000 | -44.0% | 4.6% |
| Arvest Bank | $98,370,000 | $92,170,000 | -6.3% | 4.3% |
| GERSHMAN INVESTMENT CORP. | $103,745,000 | $90,830,000 | -12.4% | 4.2% |
| QUICKEN LOANS, LLC | $128,220,000 | $87,280,000 | -31.9% | 4.1% |
| Oakstar Bank | $200,745,000 | $86,955,000 | -56.7% | 4.0% |
| Great Southern Bank | $106,175,000 | $81,110,000 | -23.6% | 3.8% |
| Old Missouri Bank | $45,710,000 | $79,905,000 | 74.8% | 3.7% |
| DAS Acquisition Company, LLC | $106,060,000 | $76,570,000 | -27.8% | 3.6% |
| Mortgage Research Center, LLC | $75,125,000 | $61,120,000 | -18.6% | 2.8% |
| Legacy Bank & Trust Company | $43,035,000 | $60,450,000 | 40.5% | 2.8% |
| ASSEMBLIES OF GOD Credit Union | $101,820,000 | $60,355,000 | -40.7% | 2.8% |
| BancorpSouth | $59,285,000 | $57,615,000 | -2.8% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $56,080,000 | $55,465,000 | -1.1% | 2.6% |
| PENNYMAC LOAN SERVICES, LLC | $59,080,000 | $51,300,000 | -13.2% | 2.4% |
| Springfield First Community Bank | $123,850,000 | $47,620,000 | -61.6% | 2.2% |
| BLUCURRENT | $50,140,000 | $41,730,000 | -16.8% | 1.9% |
| Mid-Missouri Bank | $46,340,000 | $37,320,000 | -19.5% | 1.7% |
| Hawthorn Bank | $31,135,000 | $33,450,000 | 7.4% | 1.6% |
| Capitol Federal Savings Bank | $62,165,000 | $33,180,000 | -46.6% | 1.5% |
| Commerce Bank | $50,445,000 | $31,365,000 | -37.8% | 1.5% |
| Southern Bank | $81,910,000 | $30,750,000 | -62.5% | 1.4% |
| U.S. Bank | $91,150,000 | $29,560,000 | -67.6% | 1.4% |
| The Bank of Missouri | $77,045,000 | $25,010,000 | -67.5% | 1.2% |
| State Bank of Southwest Missouri | $22,695,000 | n/a | 1.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $32,460,000 | $21,580,000 | -33.5% | 1.0% |
| BROKER SOLUTIONS, INC. | $36,660,000 | $20,130,000 | -45.1% | 0.9% |
| Plains Commerce Bank | $3,610,000 | $18,825,000 | 421.5% | 0.9% |
| Ozark Bank | $20,990,000 | $18,765,000 | -10.6% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,655,000 | $17,275,000 | 17.9% | 0.8% |
| Sullivan Bank | $66,610,000 | $16,740,000 | -74.9% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $12,745,000 | $14,885,000 | 16.8% | 0.7% |
| UMB Bank | $13,970,000 | $13,120,000 | -6.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $22,345,000 | $12,525,000 | -43.9% | 0.6% |
| CARDINAL FINANCIAL | $5,855,000 | $12,025,000 | 105.4% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $18,560,000 | $11,510,000 | -38.0% | 0.5% |
| Simmons Bank | $32,820,000 | $11,310,000 | -65.5% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $21,610,000 | $10,620,000 | -50.9% | 0.5% |
| LIMA ONE CAPITAL, LLC | $230,000 | $9,710,000 | 4,121.7% | 0.5% |
| LOANDEPOT.COM, LLC | $27,170,000 | $9,375,000 | -65.5% | 0.4% |
| The Seymour Bank | $13,890,000 | $9,180,000 | -33.9% | 0.4% |
| GUILD MORTGAGE COMPANY | $4,305,000 | $9,015,000 | 109.4% | 0.4% |
| Regions Bank | $10,740,000 | $8,935,000 | -16.8% | 0.4% |
| USAA Federal Savings Bank | $12,790,000 | $8,930,000 | -30.2% | 0.4% |
| Wells Fargo Bank | $22,240,000 | $8,585,000 | -61.4% | 0.4% |
| Bank of America | $13,270,000 | $8,575,000 | -35.4% | 0.4% |
| Citizens Bank of Rogersville | $13,430,000 | $8,050,000 | -40.1% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $18,780,000 | $7,935,000 | -57.7% | 0.4% |
| GUARANTEED RATE, INC. | $13,955,000 | $7,885,000 | -43.5% | 0.4% |
| Ameris Bank | $2,825,000 | $7,585,000 | 168.5% | 0.4% |
| MORTGAGE FINANCIAL SERVICES, LLC | $6,810,000 | $7,540,000 | 10.7% | 0.4% |
| O'Bannon Banking Company | $13,240,000 | $7,360,000 | -44.4% | 0.3% |
| Prudential Huntoon Paige Associates, LLC | $6,565,000 | n/a | 0.3% | |
| Peoples Community Bank | $22,440,000 | $6,375,000 | -71.6% | 0.3% |
| Discover Bank | $3,495,000 | $6,025,000 | 72.4% | 0.3% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $13,215,000 | $5,610,000 | -57.5% | 0.3% |
| JPMorgan Chase Bank | $9,915,000 | $5,335,000 | -46.2% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $3,310,000 | $5,285,000 | 59.7% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $3,070,000 | $5,075,000 | 65.3% | 0.2% |
| Prosperity Home Mortgage, LLC | $3,235,000 | $5,020,000 | 55.2% | 0.2% |
| The Federal Savings Bank | $4,095,000 | $4,990,000 | 21.9% | 0.2% |
| ENCORE BANK | $4,575,000 | $4,910,000 | 7.3% | 0.2% |
| CU Community Credit Union | $23,870,000 | $4,785,000 | -80.0% | 0.2% |
| NEWREZ LLC | $7,765,000 | $4,460,000 | -42.6% | 0.2% |
| HomePride Bank | $10,225,000 | $4,375,000 | -57.2% | 0.2% |
| FARMERS STATE BANK, S/B | $4,175,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,330,000 | $4,070,000 | -6.0% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,645,000 | $3,985,000 | 50.7% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $4,155,000 | $3,950,000 | -4.9% | 0.2% |
| First Midwest Bank of Dexter | $10,725,000 | $3,930,000 | -63.4% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,450,000 | $3,900,000 | 169.0% | 0.2% |
| Equity Prime Mortgage LLC | $5,215,000 | $3,890,000 | -25.4% | 0.2% |
| NEW DAY FINANCIAL, LLC | $6,650,000 | $3,860,000 | -42.0% | 0.2% |
| Regent Bank | $20,705,000 | $3,630,000 | -82.5% | 0.2% |
| Freedom Bank of Southern Missouri | $15,295,000 | $3,595,000 | -76.5% | 0.2% |
| Deere Employees Credit Union | $3,030,000 | $3,375,000 | 11.4% | 0.2% |
| NBKC BANK | $5,665,000 | $3,370,000 | -40.5% | 0.2% |
| TelComm Credit Union | $3,330,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $4,800,000 | $3,320,000 | -30.8% | 0.2% |
| Stockmens Bank | $2,635,000 | $3,315,000 | 25.8% | 0.2% |
| CMG MORTGAGE, INC. | $3,510,000 | $3,295,000 | -6.1% | 0.2% |
| Carrington Mortgage Services, LLC | $4,985,000 | $3,220,000 | -35.4% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $1,440,000 | $3,175,000 | 120.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,995,000 | $3,165,000 | 58.6% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,050,000 | $2,955,000 | -3.1% | 0.1% |
| Servion, Inc. | $14,910,000 | $2,945,000 | -80.2% | 0.1% |
| WALKER & DUNLOP, LLC | $2,935,000 | n/a | 0.1% | |
| Wood & Huston Bank | $2,925,000 | $2,715,000 | -7.2% | 0.1% |
| First Community Bank | $8,830,000 | $2,635,000 | -70.2% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,935,000 | $2,635,000 | -10.2% | 0.1% |
| UNION HOME MORTGAGE CORP. | $3,775,000 | $2,540,000 | -32.7% | 0.1% |
| BTC BANK | $1,860,000 | $2,515,000 | 35.2% | 0.1% |
| Peoples Bank | $405,000 | $2,440,000 | 502.5% | 0.1% |
| Equity Bank | $2,005,000 | $2,430,000 | 21.2% | 0.1% |
| Gateway First Bank | $705,000 | $2,405,000 | 241.1% | 0.1% |
| COMMUNITY MORTGAGE, LLC | $1,555,000 | $2,315,000 | 48.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,160,000 | $2,310,000 | 6.9% | 0.1% |
| First State Community Bank | $2,195,000 | $2,275,000 | 3.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,590,000 | $2,190,000 | -52.3% | 0.1% |
| BMO Harris Bank | $3,735,000 | $2,180,000 | -41.6% | 0.1% |
| DELMAR FINANCIAL COMPANY | $4,620,000 | $2,125,000 | -54.0% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $370,000 | $2,115,000 | 471.6% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $3,355,000 | $2,095,000 | -37.6% | 0.1% |
| FCS Financial FLCA | $710,000 | $2,090,000 | 194.4% | 0.1% |
| BOKF | $1,510,000 | $2,060,000 | 36.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,015,000 | $2,030,000 | 100.0% | 0.1% |
| PLANET HOME LENDING, LLC | $3,470,000 | $2,025,000 | -41.6% | 0.1% |
| Figure Lending LLC | $1,055,000 | $1,965,000 | 86.3% | 0.1% |
| First State Bank of St. Charles, Missouri | $195,000 | $1,910,000 | 879.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,390,000 | $1,870,000 | 34.5% | 0.1% |
| Midwest Mortgage Associates Corporation | $2,125,000 | $1,830,000 | -13.9% | 0.1% |
| LOANPAL, LLC | $5,265,000 | $1,815,000 | -65.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $3,380,000 | $1,790,000 | -47.0% | 0.1% |
| Morgan Stanley Private Bank | $360,000 | $1,755,000 | 387.5% | 0.1% |
| ON Q FINANCIAL, INC. | $3,430,000 | $1,740,000 | -49.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $5,760,000 | $1,715,000 | -70.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $805,000 | $1,675,000 | 108.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $950,000 | $1,650,000 | 73.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $5,485,000 | $1,540,000 | -71.9% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $2,090,000 | $1,515,000 | -27.5% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,700,000 | $1,490,000 | -12.4% | 0.1% |
| Mid-Continent Funding, Inc. | $2,075,000 | $1,450,000 | -30.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,440,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $2,470,000 | $1,405,000 | -43.1% | 0.1% |
| The Huntington National Bank | $820,000 | $1,395,000 | 70.1% | 0.1% |
| LENDSURE MORTGAGE CORP. | $835,000 | $1,385,000 | 65.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $5,955,000 | $1,370,000 | -77.0% | 0.1% |
| PNC Bank | $3,115,000 | $1,285,000 | -58.7% | 0.1% |
| Bank of England | $1,130,000 | $1,230,000 | 8.8% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $675,000 | $1,210,000 | 79.3% | 0.1% |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $2,150,000 | $1,175,000 | -45.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,280,000 | $1,170,000 | -8.6% | 0.1% |
| Stifel Bank and Trust | $720,000 | $1,130,000 | 56.9% | 0.1% |
| Carrollton Bank | $25,000 | $1,125,000 | 4,400.0% | 0.1% |
| Associated Bank | $12,090,000 | $1,120,000 | -90.7% | 0.1% |
| Magnolia Bank | $430,000 | $1,115,000 | 159.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $560,000 | $1,105,000 | 97.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,135,000 | $1,085,000 | -4.4% | 0.1% |
| COMMUNITYAMERICA | $985,000 | $1,000,000 | 1.5% | 0.0% |
| FIRST COMMUNITY | $745,000 | $935,000 | 25.5% | 0.0% |
| Ally Bank | $4,335,000 | $915,000 | -78.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $890,000 | $895,000 | 0.6% | 0.0% |
| Dollar Bank, Federal Savings Bank | $885,000 | n/a | 0.0% | |
| Community Bank and Trust | $880,000 | n/a | 0.0% | |
| M&T Bank | $1,540,000 | $875,000 | -43.2% | 0.0% |
| BAY EQUITY LLC | $870,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $2,535,000 | $865,000 | -65.9% | 0.0% |
| Nations Lending Corporation | $745,000 | $860,000 | 15.4% | 0.0% |
| NFM, INC. | $380,000 | $855,000 | 125.0% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,355,000 | $835,000 | -38.4% | 0.0% |
| Truist | $1,510,000 | $835,000 | -44.7% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $815,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $290,000 | $815,000 | 181.0% | 0.0% |
| River Region Credit Union | $1,350,000 | $800,000 | -40.7% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,350,000 | $780,000 | -42.2% | 0.0% |
| CITIZENS EQUITY FIRST | $385,000 | $765,000 | 98.7% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $145,000 | $760,000 | 424.1% | 0.0% |
| SUMMIT FUNDING, INC. | $1,120,000 | $745,000 | -33.5% | 0.0% |
| Armed Forces Bank | $985,000 | $740,000 | -24.9% | 0.0% |
| United Fidelity Funding Corp. | $730,000 | n/a | 0.0% | |
| Bell Bank | $11,820,000 | $725,000 | -93.9% | 0.0% |
| CapStar Bank | $725,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $725,000 | n/a | 0.0% | |
| Bank of Springfield | $205,000 | $715,000 | 248.8% | 0.0% |
| Generations Bank | $685,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $400,000 | $675,000 | 68.8% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $950,000 | $655,000 | -31.1% | 0.0% |
| First Savings Bank | $520,000 | $650,000 | 25.0% | 0.0% |
| KEYPOINT | $645,000 | n/a | 0.0% | |
| Frontier Bank | $785,000 | $630,000 | -19.7% | 0.0% |
| SPRING EQ, LLC | $625,000 | n/a | 0.0% | |
| Ixonia Bank | $335,000 | $610,000 | 82.1% | 0.0% |
| AXIA FINANCIAL, LLC | $595,000 | n/a | 0.0% | |
| Brighton Bank | $205,000 | $590,000 | 187.8% | 0.0% |
| GENEVA FINANCIAL, LLC | $5,135,000 | $590,000 | -88.5% | 0.0% |
| The Callaway Bank | $590,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $585,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $1,100,000 | $570,000 | -48.2% | 0.0% |
| Old National Bank | $245,000 | $560,000 | 128.6% | 0.0% |
| First-Citizens Bank & Trust Company | $55,000 | $555,000 | 909.1% | 0.0% |
| VERITAS FUNDING, LLC | $550,000 | n/a | 0.0% | |
| Community National Bank & Trust | $395,000 | $540,000 | 36.7% | 0.0% |
| Service Federal Credit Union | $540,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $370,000 | $525,000 | 41.9% | 0.0% |
| People's Bank of Seneca | $275,000 | $525,000 | 90.9% | 0.0% |
| JLB CORPORATION | $730,000 | $520,000 | -28.8% | 0.0% |
| First Bank | $535,000 | $515,000 | -3.7% | 0.0% |
| FirstOak Bank | $505,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $505,000 | n/a | 0.0% | |
| Heartland Bank and Trust Company | $500,000 | n/a | 0.0% | |
| NexBank | $500,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,060,000 | $500,000 | -52.8% | 0.0% |
| Fifth Third Bank | $370,000 | $480,000 | 29.7% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $780,000 | $475,000 | -39.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,465,000 | $470,000 | -67.9% | 0.0% |
| Flanagan State Bank | $435,000 | $460,000 | 5.7% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $250,000 | $450,000 | 80.0% | 0.0% |
| DIGITAL Federal Credit Union | $325,000 | $445,000 | 36.9% | 0.0% |
| Cornerstone Bank | $185,000 | $440,000 | 137.8% | 0.0% |
| MISSOURI Credit Union | $270,000 | $440,000 | 63.0% | 0.0% |
| TruHome Solutions, LLC | $245,000 | $430,000 | 75.5% | 0.0% |
| Colonial Savings, F.A. | $195,000 | $425,000 | 117.9% | 0.0% |
| TIB The Independent Bankersbank | $935,000 | $425,000 | -54.5% | 0.0% |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $500,000 | $420,000 | -16.0% | 0.0% |
| First National Bank of America | $450,000 | $420,000 | -6.7% | 0.0% |
| OPEN MORTGAGE, LLC | $415,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $395,000 | n/a | 0.0% | |
| First Midwest Bank of Poplar Bluff | $55,000 | $385,000 | 600.0% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $380,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $480,000 | $380,000 | -20.8% | 0.0% |
| Waterstone Mortgage Corporation | $410,000 | $380,000 | -7.3% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,225,000 | $375,000 | -69.4% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $255,000 | $360,000 | 41.2% | 0.0% |
| FIRST WESTERN MORTGAGE, INC. | $355,000 | n/a | 0.0% | |
| Pinnacle Bank | $1,145,000 | $355,000 | -69.0% | 0.0% |
| OCMBC, INC. | $705,000 | $340,000 | -51.8% | 0.0% |
| WEST COMMUNITY | $340,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $645,000 | $335,000 | -48.1% | 0.0% |
| BNC National Bank | $735,000 | $335,000 | -54.4% | 0.0% |
| U S WIDE FINANCIAL LLC | $335,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $330,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $6,720,000 | $325,000 | -95.2% | 0.0% |
| GMFS LLC | $295,000 | n/a | 0.0% | |
| NEIGHBORS | $295,000 | n/a | 0.0% | |
| Northpointe Bank | $3,530,000 | $295,000 | -91.6% | 0.0% |
| State Bank of Waterloo | $295,000 | n/a | 0.0% | |
| United Bank of Union | $295,000 | n/a | 0.0% | |
| AMERICA'S CREDIT UNION | $780,000 | $290,000 | -62.8% | 0.0% |
| TOGETHER CREDIT UNION | $280,000 | n/a | 0.0% | |
| Southwest Missouri Bank | $980,000 | $275,000 | -71.9% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $265,000 | n/a | 0.0% | |
| Anstaff Bank | $460,000 | $265,000 | -42.4% | 0.0% |
| Enterprise Bank & Trust | $565,000 | $265,000 | -53.1% | 0.0% |
| Southside Bank | $255,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $255,000 | n/a | 0.0% | |
| First Horizon Bank | $585,000 | $245,000 | -58.1% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $1,275,000 | $245,000 | -80.8% | 0.0% |
| KeyBank | $17,400,000 | $245,000 | -98.6% | 0.0% |
| Pinnacle Bank | $1,145,000 | $245,000 | -78.6% | 0.0% |
| Midwest Heritage Bank FSB | $750,000 | $240,000 | -68.0% | 0.0% |
| SeaTrust Mortgage Company | $235,000 | n/a | 0.0% | |
| Trustmark National Bank | $235,000 | n/a | 0.0% | |
| Logan Finance Corporation | $225,000 | n/a | 0.0% | |
| STANFORD Federal Credit Union | $225,000 | n/a | 0.0% | |
| The Union State Bank of Everest | $235,000 | $225,000 | -4.3% | 0.0% |
| UBS Bank USA | $225,000 | n/a | 0.0% | |
| Citizens Bank | $680,000 | $220,000 | -67.6% | 0.0% |
| CORPORATE AMERICA FAMILY | $215,000 | n/a | 0.0% | |
| First Bankers Trust Company | $215,000 | n/a | 0.0% | |
| First National Bank | $215,000 | n/a | 0.0% | |
| Mutual Federal Bank | $215,000 | n/a | 0.0% | |
| TTCU Federal Credit Union | $210,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $500,000 | $205,000 | -59.0% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $205,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $450,000 | $205,000 | -54.4% | 0.0% |
| TJC Mortgage, Inc. | $205,000 | n/a | 0.0% | |
| United Community Bank | $205,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| GNBank | $290,000 | $185,000 | -36.2% | 0.0% |
| GREENSTATE CREDIT UNION | $185,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| Ipava State Bank | $185,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $3,015,000 | $185,000 | -93.9% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $440,000 | $180,000 | -59.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $655,000 | $175,000 | -73.3% | 0.0% |
| Clay County Savings Bank | $175,000 | n/a | 0.0% | |
| First National Bank of North Arkansas | $675,000 | $175,000 | -74.1% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $175,000 | n/a | 0.0% | |
| Operating Engineers Local Union #3 | $205,000 | $175,000 | -14.6% | 0.0% |
| S1L, Inc. | $1,270,000 | $175,000 | -86.2% | 0.0% |
| CONSERVATION EMP. CREDIT UNION | $165,000 | n/a | 0.0% | |
| Core Bank | $165,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $165,000 | n/a | 0.0% | |
| The Maries County Bank | $95,000 | $160,000 | 68.4% | 0.0% |
| Bethpage Federal Credit Union | $460,000 | $155,000 | -66.3% | 0.0% |
| Grand Valley Bank | $155,000 | n/a | 0.0% | |
| R-G Federal Credit Union | $155,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $850,000 | $145,000 | -82.9% | 0.0% |
| HIWAY | $145,000 | n/a | 0.0% | |
| LOS ANGELES POLICE Federal Credit Union | $145,000 | n/a | 0.0% | |
| Bank of the West | $105,000 | $135,000 | 28.6% | 0.0% |
| Academy Bank | $175,000 | $125,000 | -28.6% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| FAMILY FINANCE MORTGAGE, LLC | $105,000 | $125,000 | 19.0% | 0.0% |
| The Peoples State Bank of Newton, Illinois | $125,000 | n/a | 0.0% | |
| Willamette Valley Bank | $125,000 | n/a | 0.0% | |
| Centier Bank | $110,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $335,000 | $105,000 | -68.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $685,000 | $105,000 | -84.7% | 0.0% |
| EMERY FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| The Nodaway Valley Bank | $105,000 | n/a | 0.0% | |
| AIR ACADEMY | $95,000 | n/a | 0.0% | |
| Peoples Bank | $405,000 | $95,000 | -76.5% | 0.0% |
| Northwest Bank | $55,000 | n/a | 0.0% | |
| Chicago Patrolmen's Federal Credit Union | $35,000 | n/a | 0.0% | |
| Heritage Community Bank | $35,000 | n/a | 0.0% | |
| SUN Federal Credit Union | $35,000 | n/a | 0.0% | |
| UNITED | $25,000 | $35,000 | 40.0% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $405,000 | $25,000 | -93.8% | 0.0% |
SPRINGFIELD's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 7.0% market share. In second place, with 4.6%, is The Central Trust Bank, having originated $98,750,000 in loans. In third place, with 4.3%, is Arvest Bank, having originated $92,170,000 in loans. In fourth place, with 4.2%, is GERSHMAN INVESTMENT CORP., having originated $90,830,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $87,280,000 in loans.
SPRINGFIELD, MO Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 65604 | Springfield, MO HUD Metro FMR Area | $580 | $590 | $750 | $1,050 | $1,190 |
| 65610 | Springfield, MO HUD Metro FMR Area | $660 | $660 | $850 | $1,200 | $1,350 |
| 65612 | Springfield, MO HUD Metro FMR Area | $640 | $640 | $820 | $1,160 | $1,310 |
| 65614 | Springfield, MO HUD Metro FMR Area | $660 | $660 | $850 | $1,200 | $1,350 |
| 65617 | Springfield, MO HUD Metro FMR Area | $790 | $790 | $1,020 | $1,390 | $1,580 |
| 65619 | Springfield, MO HUD Metro FMR Area | $660 | $660 | $850 | $1,200 | $1,350 |
| 65620 | Springfield, MO HUD Metro FMR Area | $600 | $610 | $780 | $1,090 | $1,230 |
| 65629 | Springfield, MO HUD Metro FMR Area | $600 | $610 | $780 | $1,090 | $1,230 |
| 65630 | Springfield, MO HUD Metro FMR Area | $650 | $650 | $840 | $1,180 | $1,330 |
| 65631 | Springfield, MO HUD Metro FMR Area | $830 | $840 | $1,070 | $1,500 | $1,700 |
| 65632 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,130 |
| 65636 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65644 | Springfield, MO HUD Metro FMR Area | $630 | $630 | $820 | $1,150 | $1,190 |
| 65648 | Springfield, MO HUD Metro FMR Area | $580 | $590 | $750 | $1,060 | $1,150 |
| 65652 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65653 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65656 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65657 | Springfield, MO HUD Metro FMR Area | $650 | $650 | $830 | $1,170 | $1,320 |
| 65662 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65667 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65669 | Springfield, MO HUD Metro FMR Area | $660 | $660 | $850 | $1,200 | $1,350 |
| 65705 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65706 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65713 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65714 | Springfield, MO HUD Metro FMR Area | $720 | $730 | $930 | $1,310 | $1,480 |
| 65720 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65721 | Springfield, MO HUD Metro FMR Area | $750 | $750 | $960 | $1,350 | $1,520 |
| 65725 | Springfield, MO HUD Metro FMR Area | $630 | $640 | $820 | $1,090 | $1,250 |
| 65728 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65737 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65738 | Springfield, MO HUD Metro FMR Area | $740 | $740 | $950 | $1,340 | $1,510 |
| 65742 | Springfield, MO HUD Metro FMR Area | $640 | $640 | $820 | $1,150 | $1,300 |
| 65746 | Springfield, MO HUD Metro FMR Area | $580 | $580 | $750 | $1,050 | $1,180 |
| 65753 | Springfield, MO HUD Metro FMR Area | $610 | $620 | $790 | $1,110 | $1,250 |
| 65754 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65757 | Springfield, MO HUD Metro FMR Area | $740 | $740 | $950 | $1,340 | $1,510 |
| 65759 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65765 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65770 | Springfield, MO HUD Metro FMR Area | $600 | $600 | $770 | $1,070 | $1,210 |
| 65771 | Springfield, MO HUD Metro FMR Area | $710 | $720 | $920 | $1,290 | $1,460 |
| 65781 | Springfield, MO HUD Metro FMR Area | $730 | $730 | $940 | $1,320 | $1,490 |
| 65801 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65802 | Springfield, MO HUD Metro FMR Area | $640 | $640 | $820 | $1,150 | $1,300 |
| 65803 | Springfield, MO HUD Metro FMR Area | $650 | $660 | $840 | $1,180 | $1,330 |
| 65804 | Springfield, MO HUD Metro FMR Area | $680 | $690 | $880 | $1,240 | $1,400 |
| 65805 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65806 | Springfield, MO HUD Metro FMR Area | $670 | $670 | $860 | $1,210 | $1,370 |
| 65807 | Springfield, MO HUD Metro FMR Area | $750 | $760 | $970 | $1,360 | $1,540 |
| 65808 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65809 | Springfield, MO HUD Metro FMR Area | $810 | $810 | $1,040 | $1,460 | $1,650 |
| 65810 | Springfield, MO HUD Metro FMR Area | $780 | $780 | $1,000 | $1,410 | $1,590 |
| 65814 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65890 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
| 65898 | Springfield, MO HUD Metro FMR Area | $680 | $680 | $870 | $1,220 | $1,380 |
2022 Average & Median Rent Data Statistics
SPRINGFIELD, MO average 1BR rent: $667, median: $660
SPRINGFIELD, MO average 2BR rent: $856, median: $850
SPRINGFIELD, MO average 3BR rent: $1,200, median: $1,200
SPRINGFIELD, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,206 | $1,580,500,000 | $254,673 |
| Refi | 1,257 | $258,195,000 | $205,406 |
| Cash Out Refi | 1,052 | $181,650,000 | $172,671 |
| Other | 855 | $70,445,000 | $82,392 |
| Home Improvement | 727 | $62,445,000 | $85,894 |
| NA | 4 | $380,000 | $95,000 |
Springfield's most frequently cited loan purpose was Home Purchase, with 6,206 originations. The 2nd most popular reason was Refi, with 1,257 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,583 | $800,615,000 | $223,448 |
| 7-8% | 2,504 | $526,320,000 | $210,192 |
| Over 8% | 1,511 | $180,145,000 | $119,222 |
| 5-6% | 1,082 | $261,850,000 | $242,006 |
| 4-5% | 103 | $49,895,000 | $484,417 |
| 2.5-3% | 96 | $11,990,000 | $124,896 |
| <2.5% | 70 | $13,290,000 | $189,857 |
| 3-4% | 26 | $9,610,000 | $369,615 |
During 2023, Springfield's most frequently originated rate bucket was 6-7%, with 3,583 originations.
Loan Sizing (SPRINGFIELD, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 3,380 | $509,450,000 | $150,725 |
| $200k-400k | 3,367 | $908,685,000 | $269,880 |
| $100,000 or less | 2,550 | $139,770,000 | $54,812 |
| $400k-600k | 560 | $265,280,000 | $473,714 |
| $600k-1000k | 166 | $121,020,000 | $729,036 |
| $Over $1MM | 78 | $209,410,000 | $2,684,744 |
SPRINGFIELD's loan sizing saw the bucket of loans from $100k-200k with 3,380 originations, totaling $509,450,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,875 | $970,345,000 | $250,412 |
| 60-80% | 1,936 | $514,400,000 | $265,702 |
| Under 20% | 1,162 | $57,200,000 | $49,225 |
| 20-40% | 1,099 | $116,185,000 | $105,719 |
| 40-60% | 752 | $149,130,000 | $198,311 |
| Over 100% | 120 | $40,590,000 | $338,250 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,875 originations, totaling $970,345,000 in origination value.