SPRINGFIELD Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Springfield averaged
6.96%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.96% and
one month ago for the week of 2025-05-29, the
average rate was 6.88%.
Springfield's average rate one year ago was 6.75%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Springfield 30 Year Fixed Rate | 2025-07-03 | 6.96% |
| Springfield 30 Year Fixed Rate Refi | 2025-07-03 | 6.57% |
| Springfield 15 Year Fixed Rate | 2025-07-03 | 6.17% |
| Springfield 15 Year Fixed Rate Refi | 2025-07-03 | 6% |
| Springfield 30 Year FHA | 2025-07-03 | 0.29% |
| Springfield 30 Year FHA Refi | 2025-07-03 | 0.07% |
| Springfield 30 Year USDA | 2025-07-03 | 0.2% |
| Springfield 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Springfield 30 Year VA | 2025-07-03 | 0.19% |
| Springfield 30 Year VA Refi | 2025-07-03 | -0.41% |
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 192 lenders originated 11,242
loans during 2024. The total origination value was $2,518,550,000, with an average loan value of
$224,030.
SPRINGFIELD's average closing costs are $3,932.
The top SPRINGFIELD lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
396 loans originated. Their average total fees are
$3,410, which is $2,049
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
Southern Bank ($2,180), Commerce Bank ($2,893), NBKC BANK ($2,938), U.S. Bank ($3,016) and Bank of America ($3,039).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
Bank of America (6.38%), PREMIER MORTGAGE RESOURCES, L.L.C. (6.43%), MUTUAL OF OMAHA MORTGAGE, INC. (6.49%), USAA Federal Savings Bank (6.49%) and NAVY FEDERAL CREDIT UNION (6.54%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | $151,415,000 | $155,600,000 | 2.8% | 6.2% |
| QUICKEN LOANS, LLC | $87,280,000 | $123,295,000 | 41.3% | 4.9% |
| The Central Trust Bank | $98,750,000 | $109,255,000 | 10.6% | 4.3% |
| Arvest Bank | $92,170,000 | $99,165,000 | 7.6% | 3.9% |
| Oakstar Bank | $86,955,000 | $96,985,000 | 11.5% | 3.9% |
| Great Southern Bank | $81,110,000 | $96,095,000 | 18.5% | 3.8% |
| Springfield First Community Bank | $47,620,000 | $89,035,000 | 87.0% | 3.5% |
| GERSHMAN INVESTMENT CORP. | $90,830,000 | $88,675,000 | -2.4% | 3.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $55,465,000 | $87,395,000 | 57.6% | 3.5% |
| DAS Acquisition Company, LLC | $76,570,000 | $84,310,000 | 10.1% | 3.3% |
| BancorpSouth | $57,615,000 | $67,660,000 | 17.4% | 2.7% |
| Old Missouri Bank | $79,905,000 | $64,725,000 | -19.0% | 2.6% |
| Mortgage Research Center, LLC | $61,120,000 | $64,665,000 | 5.8% | 2.6% |
| PENNYMAC LOAN SERVICES, LLC | $51,300,000 | $59,650,000 | 16.3% | 2.4% |
| BLUCURRENT | $41,730,000 | $54,875,000 | 31.5% | 2.2% |
| ASSEMBLIES OF GOD Credit Union | $60,355,000 | $53,810,000 | -10.8% | 2.1% |
| Mid-Missouri Bank | $37,320,000 | $46,370,000 | 24.2% | 1.8% |
| U.S. Bank | $29,560,000 | $37,085,000 | 25.5% | 1.5% |
| The Bank of Missouri | $25,010,000 | $36,910,000 | 47.6% | 1.5% |
| Southern Bank | $30,750,000 | $35,370,000 | 15.0% | 1.4% |
| Sullivan Bank | $16,740,000 | $34,140,000 | 103.9% | 1.4% |
| BROKER SOLUTIONS, INC. | $20,130,000 | $33,125,000 | 64.6% | 1.3% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $32,215,000 | n/a | 1.3% | |
| FREEDOM MORTGAGE CORPORATION | $12,525,000 | $29,315,000 | 134.1% | 1.2% |
| Commerce Bank | $31,365,000 | $26,635,000 | -15.1% | 1.1% |
| GUILD MORTGAGE COMPANY | $9,015,000 | $26,340,000 | 192.2% | 1.0% |
| NEWREZ LLC | $4,460,000 | $26,220,000 | 487.9% | 1.0% |
| WALKER & DUNLOP, LLC | $2,935,000 | $22,955,000 | 682.1% | 0.9% |
| State Bank of Southwest Missouri | $22,695,000 | $22,685,000 | 0.0% | 0.9% |
| First Midwest Bank of Dexter | $3,930,000 | $22,175,000 | 464.2% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,275,000 | $21,635,000 | 25.2% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $10,620,000 | $19,405,000 | 82.7% | 0.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $21,580,000 | $17,295,000 | -19.9% | 0.7% |
| Plains Commerce Bank | $18,825,000 | $16,880,000 | -10.3% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $3,950,000 | $16,630,000 | 321.0% | 0.7% |
| Freedom Bank of Southern Missouri | $3,595,000 | $15,955,000 | 343.8% | 0.6% |
| HOMESIDE FINANCIAL, LLC | $3,900,000 | $14,710,000 | 277.2% | 0.6% |
| Hawthorn Bank | $33,450,000 | $14,555,000 | -56.5% | 0.6% |
| CBRE MULTIFAMILY CAPITAL, INC. | $13,355,000 | n/a | 0.5% | |
| Ozark Bank | $18,765,000 | $12,600,000 | -32.9% | 0.5% |
| FARMERS STATE BANK, S/B | $4,175,000 | $12,555,000 | 200.7% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,510,000 | $12,175,000 | 5.8% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,070,000 | $11,320,000 | 178.1% | 0.4% |
| CARDINAL FINANCIAL | $12,025,000 | $11,295,000 | -6.1% | 0.4% |
| Citizens Bank of Rogersville | $8,050,000 | $11,160,000 | 38.6% | 0.4% |
| O'Bannon Banking Company | $7,360,000 | $11,115,000 | 51.0% | 0.4% |
| Simmons Bank | $11,310,000 | $10,900,000 | -3.6% | 0.4% |
| UMB Bank | $13,120,000 | $10,420,000 | -20.6% | 0.4% |
| Bank of America | $8,575,000 | $10,165,000 | 18.5% | 0.4% |
| USAA Federal Savings Bank | $8,930,000 | $9,875,000 | 10.6% | 0.4% |
| Ameris Bank | $7,585,000 | $9,280,000 | 22.3% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,985,000 | $9,240,000 | 131.9% | 0.4% |
| LOANDEPOT.COM, LLC | $9,375,000 | $9,175,000 | -2.1% | 0.4% |
| Regions Bank | $8,935,000 | $9,095,000 | 1.8% | 0.4% |
| Equity Prime Mortgage LLC | $3,890,000 | $8,630,000 | 121.9% | 0.3% |
| JPMorgan Chase Bank | $5,335,000 | $8,555,000 | 60.4% | 0.3% |
| Legacy Bank & Trust Company | $60,450,000 | $8,230,000 | -86.4% | 0.3% |
| The Seymour Bank | $9,180,000 | $8,110,000 | -11.7% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $525,000 | $7,780,000 | 1,381.9% | 0.3% |
| River Region Credit Union | $800,000 | $7,305,000 | 813.1% | 0.3% |
| Discover Bank | $6,025,000 | $6,990,000 | 16.0% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $2,095,000 | $6,850,000 | 227.0% | 0.3% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $5,075,000 | $6,810,000 | 34.2% | 0.3% |
| Peoples Community Bank | $6,375,000 | $6,765,000 | 6.1% | 0.3% |
| Stockmens Bank | $3,315,000 | $6,745,000 | 103.5% | 0.3% |
| Flagstar Bank, FSB | $3,320,000 | $6,415,000 | 93.2% | 0.3% |
| EVERETT FINANCIAL, INC. | $1,540,000 | $5,980,000 | 288.3% | 0.2% |
| Wells Fargo Bank | $8,585,000 | $5,830,000 | -32.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $5,285,000 | $5,455,000 | 3.2% | 0.2% |
| Southwest Missouri Bank | $275,000 | $5,405,000 | 1,865.5% | 0.2% |
| NBKC BANK | $3,370,000 | $5,250,000 | 55.8% | 0.2% |
| TelComm Credit Union | $3,330,000 | $4,935,000 | 48.2% | 0.2% |
| LOANPAL, LLC | $1,815,000 | $4,820,000 | 165.6% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $2,955,000 | $4,735,000 | 60.2% | 0.2% |
| CMG MORTGAGE, INC. | $3,295,000 | $4,710,000 | 42.9% | 0.2% |
| BTC BANK | $2,515,000 | $4,485,000 | 78.3% | 0.2% |
| Carrington Mortgage Services, LLC | $3,220,000 | $4,345,000 | 34.9% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,870,000 | $4,200,000 | 124.6% | 0.2% |
| PLANET HOME LENDING, LLC | $2,025,000 | $4,185,000 | 106.7% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,030,000 | $4,055,000 | 99.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $2,190,000 | $4,005,000 | 82.9% | 0.2% |
| First Mid Bank & Trust | $3,995,000 | n/a | 0.2% | |
| The Federal Savings Bank | $4,990,000 | $3,780,000 | -24.2% | 0.2% |
| SIRVA MORTGAGE, INC. | $1,405,000 | $3,675,000 | 161.6% | 0.1% |
| BMO Harris Bank | $2,180,000 | $3,345,000 | 53.4% | 0.1% |
| Foundation Credit Union | $3,335,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $3,860,000 | $3,315,000 | -14.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $3,175,000 | $3,235,000 | 1.9% | 0.1% |
| FCS Financial FLCA | $2,090,000 | $3,180,000 | 52.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,490,000 | $3,125,000 | 109.7% | 0.1% |
| Gateway First Bank | $2,405,000 | $2,945,000 | 22.5% | 0.1% |
| HomePride Bank | $4,375,000 | $2,890,000 | -33.9% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $7,935,000 | $2,855,000 | -64.0% | 0.1% |
| ENCORE BANK | $4,910,000 | $2,850,000 | -42.0% | 0.1% |
| Ally Bank | $915,000 | $2,835,000 | 209.8% | 0.1% |
| Deere Employees Credit Union | $3,375,000 | $2,830,000 | -16.1% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,170,000 | $2,715,000 | 132.1% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $14,885,000 | $2,675,000 | -82.0% | 0.1% |
| Members Mortgage Services, L.L.C. | $2,640,000 | n/a | 0.1% | |
| Figure Lending LLC | $1,965,000 | $2,625,000 | 33.6% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,115,000 | $2,590,000 | 22.5% | 0.1% |
| Morgan Stanley Private Bank | $1,755,000 | $2,575,000 | 46.7% | 0.1% |
| United Bank of Union | $295,000 | $2,540,000 | 761.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $5,020,000 | $2,395,000 | -52.3% | 0.1% |
| GUARANTEED RATE, INC. | $7,885,000 | $2,360,000 | -70.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,165,000 | $2,350,000 | -25.8% | 0.1% |
| KEYPOINT | $645,000 | $2,295,000 | 255.8% | 0.1% |
| AmeriHome Mortgage Company, LLC | $175,000 | $2,115,000 | 1,108.6% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,635,000 | $2,110,000 | -19.9% | 0.1% |
| Equity Bank | $2,430,000 | $2,085,000 | -14.2% | 0.1% |
| First State Community Bank | $2,275,000 | $2,080,000 | -8.6% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,210,000 | $2,005,000 | 65.7% | 0.1% |
| LENDSURE MORTGAGE CORP. | $1,385,000 | $2,005,000 | 44.8% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,370,000 | $2,000,000 | 46.0% | 0.1% |
| First Federal Bank | $1,950,000 | n/a | 0.1% | |
| The Huntington National Bank | $1,395,000 | $1,930,000 | 38.4% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $330,000 | $1,905,000 | 477.3% | 0.1% |
| COMMUNITYAMERICA | $1,000,000 | $1,900,000 | 90.0% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,440,000 | $1,755,000 | 21.9% | 0.1% |
| UNION HOME MORTGAGE CORP. | $2,540,000 | $1,755,000 | -30.9% | 0.1% |
| COMMUNITY MORTGAGE, LLC | $2,315,000 | $1,710,000 | -26.1% | 0.1% |
| DELMAR FINANCIAL COMPANY | $2,125,000 | $1,630,000 | -23.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,790,000 | $1,625,000 | -9.2% | 0.1% |
| First Community Bank | $2,635,000 | $1,625,000 | -38.3% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,650,000 | $1,625,000 | -1.5% | 0.1% |
| ON Q FINANCIAL, INC. | $1,740,000 | $1,600,000 | -8.0% | 0.1% |
| OCMBC, INC. | $340,000 | $1,575,000 | 363.2% | 0.1% |
| Wood & Huston Bank | $2,715,000 | $1,575,000 | -42.0% | 0.1% |
| PNC Bank | $1,285,000 | $1,555,000 | 21.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,515,000 | $1,485,000 | -2.0% | 0.1% |
| First Bank | $515,000 | $1,465,000 | 184.5% | 0.1% |
| Pinnacle Bank | $245,000 | $1,440,000 | 487.8% | 0.1% |
| Bank of Springfield | $715,000 | $1,425,000 | 99.3% | 0.1% |
| CU Community Credit Union | $4,785,000 | $1,405,000 | -70.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,675,000 | $1,310,000 | -21.8% | 0.1% |
| Farmers Bank & Trust | $815,000 | $1,305,000 | 60.1% | 0.1% |
| PHH Mortgage Corporation | $865,000 | $1,280,000 | 48.0% | 0.1% |
| Cornerstone First Mortgage, Inc | $1,270,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $2,310,000 | $1,260,000 | -45.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $895,000 | $1,260,000 | 40.8% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $205,000 | $1,215,000 | 492.7% | 0.0% |
| TOWNE MORTGAGE COMPANY | $380,000 | $1,200,000 | 215.8% | 0.0% |
| CANOPY MORTGAGE, LLC | $105,000 | $1,190,000 | 1,033.3% | 0.0% |
| First State Bank of St. Charles, Missouri | $1,910,000 | $1,185,000 | -38.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $180,000 | $1,170,000 | 550.0% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $1,105,000 | $1,145,000 | 3.6% | 0.0% |
| Stride Bank | $1,130,000 | n/a | 0.0% | |
| Texana Bank | $1,130,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $1,115,000 | n/a | 0.0% | |
| Bank of England | $1,230,000 | $1,085,000 | -11.8% | 0.0% |
| Regent Bank | $3,630,000 | $1,075,000 | -70.4% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,085,000 | $1,055,000 | -2.8% | 0.0% |
| Mid-Continent Funding, Inc. | $1,450,000 | $1,055,000 | -27.2% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $1,040,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $655,000 | $1,020,000 | 55.7% | 0.0% |
| Raymond James Bank | $930,000 | n/a | 0.0% | |
| Peoples Bank | $95,000 | $875,000 | 821.1% | 0.0% |
| T2 FINANCIAL LLC | $865,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $800,000 | n/a | 0.0% | |
| Boeing Employees Credit Union | $790,000 | n/a | 0.0% | |
| Chicago Patrolmen's Federal Credit Union | $35,000 | $775,000 | 2,114.3% | 0.0% |
| Ixonia Bank | $610,000 | $770,000 | 26.2% | 0.0% |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $1,175,000 | $765,000 | -34.9% | 0.0% |
| BOKF | $2,060,000 | $740,000 | -64.1% | 0.0% |
| M&T Bank | $875,000 | $735,000 | -16.0% | 0.0% |
| SUMMIT FUNDING, INC. | $745,000 | $735,000 | -1.3% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $725,000 | n/a | 0.0% | |
| Armed Forces Bank | $740,000 | $715,000 | -3.4% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $710,000 | n/a | 0.0% | |
| Baxter Credit Union | $695,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $265,000 | $675,000 | 154.7% | 0.0% |
| UIF CORPORATION | $665,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $1,715,000 | $660,000 | -61.5% | 0.0% |
| Citadel Servicing Corporation | $395,000 | $655,000 | 65.8% | 0.0% |
| Waterstone Mortgage Corporation | $380,000 | $635,000 | 67.1% | 0.0% |
| Truist | $835,000 | $630,000 | -24.6% | 0.0% |
| Bank of Belleville | $625,000 | n/a | 0.0% | |
| NFM, INC. | $855,000 | $615,000 | -28.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $470,000 | $600,000 | 27.7% | 0.0% |
| BankPlus | $585,000 | n/a | 0.0% | |
| Fifth Third Bank | $480,000 | $585,000 | 21.9% | 0.0% |
| SPRING EQ, LLC | $625,000 | $585,000 | -6.4% | 0.0% |
| ServisFirst Bank | $555,000 | n/a | 0.0% | |
| Magnolia Bank | $1,115,000 | $550,000 | -50.7% | 0.0% |
| TOGETHER CREDIT UNION | $280,000 | $545,000 | 94.6% | 0.0% |
| JLB CORPORATION | $520,000 | $540,000 | 3.8% | 0.0% |
| Community National Bank & Trust | $540,000 | $530,000 | -1.9% | 0.0% |
| MISSOURI Credit Union | $440,000 | $520,000 | 18.2% | 0.0% |
| Frontier Bank | $630,000 | $505,000 | -19.8% | 0.0% |
| MORTGAGE SOLUTIONS LLC | $505,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $450,000 | $505,000 | 12.2% | 0.0% |
| TruHome Solutions, LLC | $430,000 | $500,000 | 16.3% | 0.0% |
| ENVOY MORTGAGE, LTD | $495,000 | n/a | 0.0% | |
| Midwest Mortgage Associates Corporation | $1,830,000 | $495,000 | -73.0% | 0.0% |
| Academy Bank | $125,000 | $485,000 | 288.0% | 0.0% |
| FAMILY FINANCE MORTGAGE, LLC | $125,000 | $485,000 | 288.0% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $485,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $570,000 | $480,000 | -15.8% | 0.0% |
| First National Bank of America | $420,000 | $475,000 | 13.1% | 0.0% |
| FIRST COMMUNITY | $935,000 | $470,000 | -49.7% | 0.0% |
| GMFS LLC | $295,000 | $465,000 | 57.6% | 0.0% |
| SCOTT CREDIT UNION | $465,000 | n/a | 0.0% | |
| Firstar Bank | $455,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $455,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $1,130,000 | $450,000 | -60.2% | 0.0% |
| AMERICA'S CREDIT UNION | $290,000 | $445,000 | 53.4% | 0.0% |
| SKYWARD | $445,000 | n/a | 0.0% | |
| First Liberty Bank | $435,000 | n/a | 0.0% | |
| IOWA BANKERS MORTGAGE CORPORATION | $430,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $185,000 | $415,000 | 124.3% | 0.0% |
| NexBank | $500,000 | $410,000 | -18.0% | 0.0% |
| EMBRACE HOME LOANS, INC. | $405,000 | n/a | 0.0% | |
| First Horizon Bank | $245,000 | $395,000 | 61.2% | 0.0% |
| The Loan Store, Inc. | $390,000 | n/a | 0.0% | |
| Citizens Bank | $220,000 | $385,000 | 75.0% | 0.0% |
| Home Mortgage Alliance Corp | $385,000 | n/a | 0.0% | |
| Peoples Bank | $95,000 | $385,000 | 305.3% | 0.0% |
| MAINSTREET FEDERAL CREDIT UNION | $370,000 | n/a | 0.0% | |
| Central Bank | $365,000 | n/a | 0.0% | |
| First Savings Bank | $650,000 | $365,000 | -43.8% | 0.0% |
| GENEVA FINANCIAL, LLC | $590,000 | $360,000 | -39.0% | 0.0% |
| ALLIANT CREDIT UNION | $145,000 | $355,000 | 144.8% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $245,000 | $355,000 | 44.9% | 0.0% |
| MAX Credit Union | $345,000 | n/a | 0.0% | |
| MEGASTAR FINANCIAL CORP. | $175,000 | $345,000 | 97.1% | 0.0% |
| The Maries County Bank | $160,000 | $345,000 | 115.6% | 0.0% |
| City National Bank of Florida | $335,000 | n/a | 0.0% | |
| F & C Bank | $335,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $330,000 | n/a | 0.0% | |
| First Federal Bank | $325,000 | n/a | 0.0% | |
| Midland States Bank | $325,000 | n/a | 0.0% | |
| Cornerstone Bank | $440,000 | $320,000 | -27.3% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $760,000 | $315,000 | -58.6% | 0.0% |
| Bell Bank | $725,000 | $290,000 | -60.0% | 0.0% |
| DATA MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $185,000 | $285,000 | 54.1% | 0.0% |
| CITIZENS EQUITY FIRST | $765,000 | $280,000 | -63.4% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $675,000 | $280,000 | -58.5% | 0.0% |
| Gold Coast Bank | $275,000 | n/a | 0.0% | |
| Old National Bank | $560,000 | $275,000 | -50.9% | 0.0% |
| EASTMAN | $265,000 | n/a | 0.0% | |
| Integrity Home Mortgage Corp | $255,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $185,000 | $230,000 | 24.3% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| ARKANSAS Federal Credit Union | $225,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $555,000 | $225,000 | -59.5% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| VANTAGE WEST | $225,000 | n/a | 0.0% | |
| American Bank of Oklahoma | $215,000 | n/a | 0.0% | |
| First Financial Bank | $215,000 | n/a | 0.0% | |
| North Shore Trust and Savings | $215,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $215,000 | n/a | 0.0% | |
| Generations Bank | $685,000 | $210,000 | -69.3% | 0.0% |
| Holcomb Bank | $205,000 | n/a | 0.0% | |
| NP, Inc. | $205,000 | n/a | 0.0% | |
| S1L, Inc. | $175,000 | $205,000 | 17.1% | 0.0% |
| KINECTA | $200,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| First National Bank of North Arkansas | $175,000 | $195,000 | 11.4% | 0.0% |
| Bethpage Federal Credit Union | $155,000 | $190,000 | 22.6% | 0.0% |
| Midwest Heritage Bank FSB | $240,000 | $185,000 | -22.9% | 0.0% |
| Bank of Whittier | $175,000 | n/a | 0.0% | |
| Sunflower Bank | $175,000 | n/a | 0.0% | |
| Truity Federal Credit Union | $175,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $595,000 | $170,000 | -71.4% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $25,000 | $170,000 | 580.0% | 0.0% |
| NEXERA HOLDING LLC | $165,000 | n/a | 0.0% | |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $5,610,000 | $155,000 | -97.2% | 0.0% |
| HALLMARK HOME MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $505,000 | $155,000 | -69.3% | 0.0% |
| RESIDENTIAL BANCORP | $150,000 | n/a | 0.0% | |
| Axos Bank | $145,000 | n/a | 0.0% | |
| Community National Bank | $145,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $835,000 | $145,000 | -82.6% | 0.0% |
| Servion, Inc. | $2,945,000 | $145,000 | -95.1% | 0.0% |
| United Community Bank | $205,000 | $145,000 | -29.3% | 0.0% |
| BancFirst | $135,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $135,000 | n/a | 0.0% | |
| Landmark National Bank | $135,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $9,710,000 | $135,000 | -98.6% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $205,000 | $135,000 | -34.1% | 0.0% |
| The First National Bank of Fort Smith | $135,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $130,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $130,000 | n/a | 0.0% | |
| CENTRAL MISSOURI COMMUNITY CREDIT UNION | $125,000 | n/a | 0.0% | |
| Enterprise Bank & Trust | $265,000 | $125,000 | -52.8% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $105,000 | n/a | 0.0% | |
| MASSMUTUAL | $105,000 | n/a | 0.0% | |
| Mazuma Credit Union | $105,000 | n/a | 0.0% | |
| Community Mortgage Banc Corporation | $95,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $335,000 | $85,000 | -74.6% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Centier Bank | $110,000 | $75,000 | -31.8% | 0.0% |
| Chambers Bank | $75,000 | n/a | 0.0% | |
| First Bankers Trust Company | $215,000 | $75,000 | -65.1% | 0.0% |
| NBH Bank | $65,000 | n/a | 0.0% | |
| Citibank | $55,000 | n/a | 0.0% | |
| FirstOak Bank | $505,000 | $55,000 | -89.1% | 0.0% |
| State Department Federal Credit Union | $55,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $45,000 | n/a | 0.0% | |
| MidFirst Bank | $35,000 | n/a | 0.0% | |
| Capitol Federal Savings Bank | $33,180,000 | $25,000 | -99.9% | 0.0% |
| Elements Financial Federal Credit Union | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
SPRINGFIELD's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 6.2% market share. In second place, with 4.9%, is QUICKEN LOANS, LLC, having originated $123,295,000 in loans. In third place, with 4.3%, is The Central Trust Bank, having originated $109,255,000 in loans. In fourth place, with 3.9%, is Arvest Bank, having originated $99,165,000 in loans. In fifth place, with 3.9%, is Oakstar Bank, having originated $96,985,000 in loans.
SPRINGFIELD, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,630 | $1,712,360,000 | $258,275 |
| Refi | 1,475 | $377,445,000 | $255,895 |
| Cash Out Refi | 1,269 | $271,295,000 | $213,786 |
| Other | 1,038 | $87,840,000 | $84,624 |
| Home Improvement | 830 | $69,610,000 | $83,867 |
Springfield's most frequently cited loan purpose was Home Purchase, with 6,630 originations. The 2nd most popular reason was Refi, with 1,475 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4,210 | $1,043,770,000 | $247,926 |
| 7-8% | 2,483 | $567,435,000 | $228,528 |
| Over 8% | 1,725 | $199,135,000 | $115,441 |
| 5-6% | 1,317 | $383,355,000 | $291,082 |
| <2.5% | 116 | $4,910,000 | $42,328 |
| 2.5-3% | 95 | $10,435,000 | $109,842 |
| 4-5% | 58 | $15,950,000 | $275,000 |
| 3-4% | 29 | $5,565,000 | $191,897 |
During 2024, Springfield's most frequently originated rate bucket was 6-7%, with 4,210 originations.
Loan Sizing (SPRINGFIELD, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,073 | $1,104,395,000 | $271,150 |
| $100k-200k | 3,551 | $536,475,000 | $151,077 |
| $100,000 or less | 2,647 | $142,785,000 | $53,942 |
| $400k-600k | 667 | $315,645,000 | $473,231 |
| $600k-1000k | 215 | $158,965,000 | $739,372 |
| $Over $1MM | 89 | $260,285,000 | $2,924,551 |
SPRINGFIELD's loan sizing saw the bucket of loans from $200k-400k with 4,073 originations, totaling $1,104,395,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,154 | $1,088,520,000 | $262,041 |
| 60-80% | 2,201 | $636,055,000 | $288,985 |
| Under 20% | 1,216 | $52,950,000 | $43,544 |
| 20-40% | 1,166 | $133,140,000 | $114,185 |
| 40-60% | 890 | $201,660,000 | $226,584 |
| Over 100% | 176 | $59,950,000 | $340,625 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,154 originations, totaling $1,088,520,000 in origination value.