West Plains Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in West Plains averaged
6.92%
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
6.71% and
one month ago for the week of 2023-08-17, the
average rate was 6.62%.
West Plains's average rate one year ago was 5.85%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.29%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
West Plains 30 Year Fixed Rate | 2023-09-21 | 6.92% |
West Plains 30 Year Fixed Rate Refi | 2023-09-21 | 7.29% |
West Plains 15 Year Fixed Rate | 2023-09-21 | 6.74% |
West Plains 15 Year Fixed Rate Refi | 2023-09-21 | 6.74% |
West Plains 30 Year FHA | 2023-09-21 | 7.14% |
West Plains 30 Year FHA Refi | 2023-09-21 | 6.94% |
West Plains 30 Year USDA | 2023-09-21 | 7.02% |
West Plains 30 Year USDA Refi | 2023-09-21 | 7.02% |
West Plains 30 Year VA | 2023-09-21 | 6.92% |
West Plains 30 Year VA Refi | 2023-09-21 | 6.92% |
West Plains 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 West Plains, 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.).
West Plains Average Closing Costs & Other Stats
West Plains, MO's 61 lenders originated 633
loans during 2022. The total origination value was $99,935,000, with an average loan value of
$157,875.
West Plains's average closing costs are $3,602.
The top West Plains lender as defined by loan originations is Southern Bank, with
45 loans originated. Their average total fees are
$1,579, which is $2,281
lower than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee West Plains lenders (with over 10 loans originated) are
Southern Bank ($1,579), Simmons Bank ($2,996), DAS Acquisition Company, LLC ($3,860), QUICKEN LOANS, LLC ($6,316) and .
The lowest rate West Plains lenders (with over 10 loans originated) are
Simmons Bank (4.38%), QUICKEN LOANS, LLC (4.96%), Southern Bank (5.34%), DAS Acquisition Company, LLC (5.35%) and .
West Plains, 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 |
---|---|---|---|---|
DAS Acquisition Company, LLC | $7,700,000 | $14,965,000 | 94.4% | 15.0% |
Southern Bank | $14,585,000 | $13,500,000 | -7.4% | 13.5% |
QUICKEN LOANS, LLC | $14,870,000 | $8,770,000 | -41.0% | 8.8% |
MID AMERICA MORTGAGE, INC. | $2,100,000 | $5,800,000 | 176.2% | 5.8% |
Mortgage Research Center, LLC | $3,570,000 | $4,385,000 | 22.8% | 4.4% |
Simmons Bank | $11,290,000 | $3,575,000 | -68.3% | 3.6% |
Wood & Huston Bank | $2,110,000 | $2,430,000 | 15.2% | 2.4% |
TJC Mortgage, Inc. | $530,000 | $2,275,000 | 329.2% | 2.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,380,000 | $2,070,000 | -72.0% | 2.1% |
GERSHMAN INVESTMENT CORP. | $3,415,000 | $1,955,000 | -42.8% | 2.0% |
Arvest Bank | $5,250,000 | $1,630,000 | -69.0% | 1.6% |
U.S. Bank | $3,150,000 | $1,615,000 | -48.7% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $5,530,000 | $1,530,000 | -72.3% | 1.5% |
Great Southern Bank | $1,560,000 | $1,465,000 | -6.1% | 1.5% |
PENNYMAC LOAN SERVICES, LLC | $1,130,000 | $1,445,000 | 27.9% | 1.4% |
LOANDEPOT.COM, LLC | $1,525,000 | $1,400,000 | -8.2% | 1.4% |
FLAT BRANCH MORTGAGE, INC. | $2,775,000 | $1,255,000 | -54.8% | 1.3% |
AMERISAVE MORTGAGE CORPORATION | $1,215,000 | $1,130,000 | -7.0% | 1.1% |
Wells Fargo Bank | $1,885,000 | $1,090,000 | -42.2% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $1,170,000 | $1,025,000 | -12.4% | 1.0% |
GUILD MORTGAGE COMPANY | $2,665,000 | $805,000 | -69.8% | 0.8% |
NAVY FEDERAL CREDIT UNION | $1,815,000 | $805,000 | -55.6% | 0.8% |
Bank of America | $230,000 | $800,000 | 247.8% | 0.8% |
Barrington Bank & Trust Company, N.A. | $235,000 | $795,000 | 238.3% | 0.8% |
FirstTrust Home Loans, Inc. | $725,000 | n/a | 0.7% | |
HOMESIDE FINANCIAL, LLC | $700,000 | $715,000 | 2.1% | 0.7% |
NEW DAY FINANCIAL, LLC | $860,000 | $690,000 | -19.8% | 0.7% |
North American Savings Bank, F.S.B. | $650,000 | n/a | 0.7% | |
BROKER SOLUTIONS, INC. | $425,000 | $605,000 | 42.4% | 0.6% |
Ameris Bank | $590,000 | n/a | 0.6% | |
MISSOURI ELECTRIC COOPERATIVES EMPL | $705,000 | $575,000 | -18.4% | 0.6% |
CHURCHILL MORTGAGE CORPORATION | $760,000 | $560,000 | -26.3% | 0.6% |
Equity Prime Mortgage LLC | $95,000 | $560,000 | 489.5% | 0.6% |
VILLAGE CAPITAL MORTGAGE | $400,000 | $545,000 | 36.3% | 0.5% |
FIRST INTEGRITY MORTGAGE SERVICES, INC. | $1,925,000 | $525,000 | -72.7% | 0.5% |
PHH Mortgage Corporation | $525,000 | n/a | 0.5% | |
M&T Bank | $505,000 | n/a | 0.5% | |
Regions Bank | $365,000 | $485,000 | 32.9% | 0.5% |
Bank of England | $475,000 | $455,000 | -4.2% | 0.5% |
The Huntington National Bank | $425,000 | n/a | 0.4% | |
UNION HOME MORTGAGE CORP. | $1,570,000 | $415,000 | -73.6% | 0.4% |
FNBC Bank | $405,000 | n/a | 0.4% | |
KELLER MORTGAGE, LLC | $405,000 | n/a | 0.4% | |
PLANET HOME LENDING, LLC | $920,000 | $405,000 | -56.0% | 0.4% |
The Central Trust Bank | $515,000 | $400,000 | -22.3% | 0.4% |
Centennial Bank | $390,000 | n/a | 0.4% | |
Paramount Residential Mortgage Group, Inc. | $385,000 | n/a | 0.4% | |
Plains Commerce Bank | $5,110,000 | $385,000 | -92.5% | 0.4% |
First Bank | $375,000 | n/a | 0.4% | |
UNITED WHOLESALE MORTGAGE, LLC | $330,000 | $370,000 | 12.1% | 0.4% |
21ST MORTGAGE CORPORATION | $380,000 | $360,000 | -5.3% | 0.4% |
LOANPAL, LLC | $355,000 | n/a | 0.4% | |
American Airlines Federal Credit Union | $345,000 | n/a | 0.3% | |
Evolve Bank & Trust | $345,000 | n/a | 0.3% | |
PNC Bank | $485,000 | $340,000 | -29.9% | 0.3% |
REVERSE MORTGAGE FUNDING LLC | $340,000 | n/a | 0.3% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $335,000 | n/a | 0.3% | |
Old National Bank | $315,000 | n/a | 0.3% | |
Servion, Inc. | $145,000 | $315,000 | 117.2% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $640,000 | $310,000 | -51.6% | 0.3% |
BancorpSouth Bank | $290,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $375,000 | $275,000 | -26.7% | 0.3% |
Magnolia Bank | $240,000 | $275,000 | 14.6% | 0.3% |
ASSEMBLIES OF GOD Credit Union | $245,000 | n/a | 0.2% | |
First National Bank of Omaha | $245,000 | n/a | 0.2% | |
MEGASTAR FINANCIAL CORP. | $245,000 | n/a | 0.2% | |
Mid-Missouri Bank | $65,000 | $245,000 | 276.9% | 0.2% |
Wyndham Capital Mortgage, Inc. | $245,000 | n/a | 0.2% | |
AMERICAN FINANCIAL RESOURCES, INC. | $225,000 | n/a | 0.2% | |
BAYSHORE MORTGAGE FUNDING, LLC | $195,000 | $225,000 | 15.4% | 0.2% |
KeyBank | $215,000 | n/a | 0.2% | |
NEWREZ LLC | $250,000 | $215,000 | -14.0% | 0.2% |
Nations Lending Corporation | $205,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $375,000 | $200,000 | -46.7% | 0.2% |
First Guaranty Mortgage Corporation | $125,000 | $200,000 | 60.0% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $365,000 | $200,000 | -45.2% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $280,000 | $195,000 | -30.4% | 0.2% |
Old Missouri Bank | $905,000 | $195,000 | -78.5% | 0.2% |
GUIDANCE RESIDENTIAL, LLC | $185,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $855,000 | $180,000 | -78.9% | 0.2% |
GUARANTEED RATE, INC. | $540,000 | $175,000 | -67.6% | 0.2% |
Prosperity Home Mortgage, LLC | $175,000 | n/a | 0.2% | |
CITIZENS EQUITY FIRST | $85,000 | $165,000 | 94.1% | 0.2% |
Hometown National Bank | $155,000 | n/a | 0.2% | |
FCS Financial FLCA | $255,000 | $145,000 | -43.1% | 0.1% |
First National Bank of America | $145,000 | n/a | 0.1% | |
TOGETHER CREDIT UNION | $145,000 | n/a | 0.1% | |
NASA Federal Credit Union | $135,000 | n/a | 0.1% | |
ATLANTA POSTAL | $125,000 | n/a | 0.1% | |
MISSOURI Credit Union | $145,000 | $125,000 | -13.8% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $115,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $595,000 | $105,000 | -82.4% | 0.1% |
Stockmens Bank | $105,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $80,000 | $95,000 | 18.8% | 0.1% |
JAMES B. NUTTER & COMPANY | $95,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $95,000 | n/a | 0.1% | |
HomePride Bank | $85,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $620,000 | $75,000 | -87.9% | 0.1% |
Flagstar Bank, FSB | $900,000 | $65,000 | -92.8% | 0.1% |
Boeing Employees Credit Union | $55,000 | n/a | 0.1% | |
Oakstar Bank | $55,000 | n/a | 0.1% | |
BOKF | $225,000 | $25,000 | -88.9% | 0.0% |
Commerce Bank | $235,000 | $25,000 | -89.4% | 0.0% |
West Plains's top lender by overall market share is DAS Acquisition Company, LLC, with 15.0% market share. In second place, with 13.5%, is Southern Bank, having originated $13,500,000 in loans. In third place, with 8.8%, is QUICKEN LOANS, LLC, having originated $8,770,000 in loans. In fourth place, with 5.8%, is MID AMERICA MORTGAGE, INC., having originated $5,800,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $4,385,000 in loans.
West Plains Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - West Plains (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 | $134,950 (5.8%) | $206,951 (15.4%) | 0.00 | 305 |
2018-02-01 | $139,900 (8.8%) | $198,616 (8.8%) | 0.00 | 304 |
2018-03-01 | $141,450 (8.9%) | $201,947 (11.7%) | 0.00 | 294 |
2018-04-01 | $146,225 (12.5%) | $198,151 (5.2%) | 0.00 | 293 |
2018-05-01 | $143,475 (3.2%) | $195,302 (1.4%) | 0.00 | 283 |
2018-06-01 | $139,900 (0.0%) | $196,155 (1.8%) | 0.00 | 282 |
2018-07-01 | $144,900 (4.2%) | $201,991 (6.1%) | 0.00 | 283 |
2018-08-01 | $139,974 (-0.7%) | $194,040 (-0.2%) | 0.00 | 283 |
2018-09-01 | $144,900 (3.6%) | $195,188 (-2.5%) | 0.00 | 292 |
2018-10-01 | $145,875 (7.0%) | $196,388 (0.7%) | 0.00 | 283 |
2018-11-01 | $140,725 (0.6%) | $196,881 (-1.2%) | 0.00 | 278 |
2018-12-01 | $139,900 (0.3%) | $194,701 (-4.7%) | 0.00 | 256 |
2019-01-01 | $141,475 (4.8%) | $194,153 (-6.2%) | 0.00 | 243 |
2019-02-01 | $142,250 (1.7%) | $193,503 (-2.6%) | 0.00 | 249 |
2019-03-01 | $149,850 (5.9%) | $208,209 (3.1%) | 0.00 | 244 |
2019-04-01 | $158,175 (8.2%) | $223,264 (12.7%) | 0.00 | 238 |
2019-05-01 | $159,687 (11.3%) | $227,725 (16.6%) | 0.00 | 248 |
2019-06-01 | $159,900 (14.3%) | $228,664 (16.6%) | 0.00 | 260 |
2019-07-01 | $158,950 (9.7%) | $228,397 (13.1%) | 0.00 | 262 |
2019-08-01 | $159,050 (13.6%) | $227,386 (17.2%) | 0.00 | 259 |
2019-09-01 | $159,275 (9.9%) | $227,461 (16.5%) | 0.00 | 261 |
2019-10-01 | $159,675 (9.5%) | $229,057 (16.6%) | 0.00 | 256 |
2019-11-01 | $159,900 (13.6%) | $218,399 (10.9%) | 0.00 | 249 |
2019-12-01 | $159,900 (14.3%) | $218,680 (12.3%) | 0.00 | 238 |
2020-01-01 | $159,900 (13.0%) | $219,551 (13.1%) | 0.00 | 231 |
2020-02-01 | $165,450 (16.3%) | $223,492 (15.5%) | 0.00 | 225 |
2020-03-01 | $169,900 (13.4%) | $234,105 (12.4%) | 0.00 | 232 |
2020-04-01 | $174,788 (10.5%) | $232,856 (4.3%) | 0.00 | 227 |
2020-05-01 | $175,450 (9.9%) | $237,153 (4.1%) | 0.00 | 217 |
2020-06-01 | $167,400 (4.7%) | $235,177 (2.9%) | 0.00 | 213 |
2020-07-01 | $175,000 (10.1%) | $239,806 (5.0%) | 0.00 | 194 |
2020-08-01 | $194,900 (22.5%) | $247,938 (9.0%) | 0.00 | 177 |
2020-09-01 | $199,900 (25.5%) | $260,709 (14.6%) | 0.00 | 144 |
2020-10-01 | $184,900 (15.8%) | $258,539 (12.9%) | 0.00 | 138 |
2020-11-01 | $166,950 (4.4%) | $257,458 (17.9%) | 0.00 | 146 |
2020-12-01 | $166,900 (4.4%) | $285,921 (30.8%) | 0.00 | 135 |
2021-01-01 | $169,200 (5.8%) | $271,090 (23.5%) | 0.00 | 120 |
2021-02-01 | $159,900 (-3.4%) | $257,735 (15.3%) | 0.00 | 101 |
2021-03-01 | $166,200 (-2.2%) | $261,274 (11.6%) | 0.00 | 95 |
2021-04-01 | $191,200 (9.4%) | $319,913 (37.4%) | 0.00 | 84 |
2021-05-01 | $198,500 (13.1%) | $323,517 (36.4%) | 0.00 | 93 |
2021-06-01 | $185,000 (10.5%) | $374,920 (59.4%) | 0.00 | 96 |
2021-07-01 | $243,700 (39.3%) | $378,196 (57.7%) | 0.00 | 109 |
2021-08-01 | $254,925 (30.8%) | $388,508 (56.7%) | 0.00 | 115 |
2021-09-01 | $211,975 (6.0%) | $357,616 (37.2%) | 0.00 | 137 |
2021-10-01 | $237,400 (28.4%) | $390,030 (50.9%) | 0.00 | 109 |
2021-11-01 | $242,400 (45.2%) | $401,768 (56.1%) | 0.00 | 110 |
2021-12-01 | $262,025 (57.0%) | $427,312 (49.5%) | 0.00 | 103 |
2022-01-01 | $207,450 (22.6%) | $404,635 (49.3%) | 0.00 | 92 |
2022-02-01 | $202,450 (26.6%) | $405,115 (57.2%) | 0.00 | 89 |
2022-03-01 | $199,900 (20.3%) | $408,822 (56.5%) | 0.00 | 85 |
2022-04-01 | $204,450 (6.9%) | $405,771 (26.8%) | 0.00 | 91 |
2022-05-01 | $264,625 (33.3%) | $425,703 (31.6%) | 0.00 | 95 |
2022-06-01 | $277,175 (49.8%) | $380,071 (1.4%) | 0.00 | 99 |
2022-07-01 | $317,050 (30.1%) | $384,711 (1.7%) | 0.00 | 121 |
2022-08-01 | $305,500 (19.8%) | $377,013 (-3.0%) | 0.00 | 136 |
2022-09-01 | $281,550 (32.8%) | $381,885 (6.8%) | 0.00 | 138 |
2022-10-01 | $275,000 (15.8%) | $353,669 (-9.3%) | 0.00 | 164 |
2022-11-01 | $261,175 (7.8%) | $345,252 (-14.1%) | 0.00 | 170 |
2022-12-01 | $249,900 (-4.6%) | $338,352 (-20.8%) | 0.00 | 166 |
2023-01-01 | $251,175 (21.1%) | $353,719 (-12.6%) | 0.00 | 150 |
2023-02-01 | $259,950 (28.4%) | $369,756 (-8.7%) | 0.00 | 138 |
2023-03-01 | $275,000 (37.6%) | $388,567 (-5.0%) | 0.00 | 128 |
2023-04-01 | $279,900 (36.9%) | $416,980 (2.8%) | 0.00 | 124 |
2023-05-01 | $278,675 (5.3%) | $399,627 (-6.1%) | 0.00 | 125 |
2023-06-01 | $268,675 (-3.1%) | $376,612 (-0.9%) | 0.00 | 131 |
2023-07-01 | $269,900 (-14.9%) | $388,043 (0.9%) | 0.00 | 124 |
2023-08-01 | $254,450 (-16.7%) | $380,257 (0.9%) | 0.00 | 131 |
West Plains's median listing price comes in at 0% of the national average.
West Plains's average listing price for 2023-08-01 was $380,257, a difference of $3,244 (0.9%) versus the prior year and $-7,786 versus the prior month.
For the 2023-08-01 period, West Plains had 131 MLS listings, a difference of 7 listings (6%) versus the prior month and -5 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - West Plains (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,014 sqft |
2018-02-01 | 0 days | 2,022 sqft |
2018-03-01 | 0 days | 2,111 sqft |
2018-04-01 | 0 days | 2,123 sqft |
2018-05-01 | 0 days | 2,125 sqft |
2018-06-01 | 0 days | 2,200 sqft |
2018-07-01 | 0 days | 2,192 sqft |
2018-08-01 | 0 days | 2,022 sqft |
2018-09-01 | 0 days | 1,988 sqft |
2018-10-01 | 0 days | 1,967 sqft |
2018-11-01 | 0 days | 1,854 sqft |
2018-12-01 | 0 days | 1,776 sqft |
2019-01-01 | 0 days | 1,782 sqft |
2019-02-01 | 0 days | 1,793 sqft |
2019-03-01 | 0 days | 1,809 sqft |
2019-04-01 | 0 days | 1,833 sqft |
2019-05-01 | 0 days | 1,986 sqft |
2019-06-01 | 0 days | 1,980 sqft |
2019-07-01 | 0 days | 1,889 sqft |
2019-08-01 | 0 days | 1,907 sqft |
2019-09-01 | 0 days | 1,959 sqft |
2019-10-01 | 0 days | 2,040 sqft |
2019-11-01 | 0 days | 2,039 sqft |
2019-12-01 | 0 days | 2,008 sqft |
2020-01-01 | 0 days | 1,988 sqft |
2020-02-01 | 0 days | 2,000 sqft |
2020-03-01 | 0 days | 2,043 sqft |
2020-04-01 | 0 days | 2,034 sqft |
2020-05-01 | 0 days | 2,000 sqft |
2020-06-01 | 0 days | 1,984 sqft |
2020-07-01 | 0 days | 1,983 sqft |
2020-08-01 | 0 days | 2,084 sqft |
2020-09-01 | 0 days | 2,116 sqft |
2020-10-01 | 0 days | 2,025 sqft |
2020-11-01 | 0 days | 1,878 sqft |
2020-12-01 | 0 days | 1,900 sqft |
2021-01-01 | 0 days | 1,909 sqft |
2021-02-01 | 0 days | 1,876 sqft |
2021-03-01 | 0 days | 1,725 sqft |
2021-04-01 | 0 days | 1,880 sqft |
2021-05-01 | 0 days | 2,000 sqft |
2021-06-01 | 0 days | 1,993 sqft |
2021-07-01 | 0 days | 2,000 sqft |
2021-08-01 | 0 days | 2,173 sqft |
2021-09-01 | 0 days | 1,917 sqft |
2021-10-01 | 0 days | 2,000 sqft |
2021-11-01 | 0 days | 2,000 sqft |
2021-12-01 | 0 days | 1,800 sqft |
2022-01-01 | 0 days | 1,670 sqft |
2022-02-01 | 0 days | 1,800 sqft |
2022-03-01 | 0 days | 1,823 sqft |
2022-04-01 | 0 days | 1,900 sqft |
2022-05-01 | 0 days | 2,144 sqft |
2022-06-01 | 0 days | 1,997 sqft |
2022-07-01 | 0 days | 2,049 sqft |
2022-08-01 | 0 days | 1,983 sqft |
2022-09-01 | 0 days | 2,012 sqft |
2022-10-01 | 0 days | 2,016 sqft |
2022-11-01 | 0 days | 1,986 sqft |
2022-12-01 | 0 days | 1,902 sqft |
2023-01-01 | 0 days | 1,896 sqft |
2023-02-01 | 0 days | 1,900 sqft |
2023-03-01 | 0 days | 2,011 sqft |
2023-04-01 | 0 days | 2,074 sqft |
2023-05-01 | 0 days | 1,999 sqft |
2023-06-01 | 0 days | 1,971 sqft |
2023-07-01 | 0 days | 2,053 sqft |
2023-08-01 | 0 days | 2,053 sqft |
West Plains's median square footage for active listings during the 2023-08-01 period was 2,053 sqft. One year prior, the average listing was 1,983 sqft.
West Plains, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 378 | $66,100,000 | $174,868 |
Cash Out Refi | 123 | $20,215,000 | $164,350 |
Refi | 73 | $9,865,000 | $135,137 |
Home Improvement | 43 | $2,545,000 | $59,186 |
Other | 16 | $1,210,000 | $75,625 |
West Plains's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 171 | $27,055,000 | $158,216 |
4-5% | 160 | $25,660,000 | $160,375 |
3-4% | 145 | $22,175,000 | $152,931 |
6-7% | 88 | $13,630,000 | $154,886 |
2.5-3% | 31 | $6,595,000 | $212,742 |
7-8% | 20 | $2,470,000 | $123,500 |
Over 8% | 5 | $285,000 | $57,000 |
<2.5% | 5 | $875,000 | $175,000 |
During 2022, West Plains's most frequently originated rate bucket was 5-6%, with 171 originations.
Loan Sizing (West Plains, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 263 | $38,315,000 | $145,684 |
$100,000 or less | 197 | $12,695,000 | $64,442 |
$200k-400k | 155 | $40,815,000 | $263,323 |
$400k-600k | 18 | $8,110,000 | $450,556 |
West Plains's loan sizing saw the bucket of loans from $100k-200k with 263 originations, totaling $38,315,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 310 | $56,740,000 | $183,032 |
60-80% | 159 | $25,875,000 | $162,736 |
40-60% | 66 | $9,850,000 | $149,242 |
20-40% | 46 | $3,590,000 | $78,043 |
Under 20% | 38 | $1,310,000 | $34,474 |
Over 100% | 5 | $1,155,000 | $231,000 |
West Plains's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 310 originations, totaling $56,740,000 in origination value.