Mortgage lender · Perryville, MO · LEI 549300JE6M4A1G4LPS75

The Bank of Missouri review: approval odds, rates and grade (2025)

The Bank of Missouri earns a C, in line with the typical performance of small mortgage lenders. It turned down 16.0% of the applications it decided on in 2025, which ranks in the 29th percentile for approval odds. Its median loan was priced 0.18 points above the average prime offer rate, ranking in the 63rd percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

1.2kApplications2025
71.4%Originatedof applications
16.0%Decision denial ratenational 22.6%
6.75%Median ratenational 6.63%
$198MLoan volume18 states

The Bank of Missouri at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

13.6%Denial rate (all applications)-4.36 pts vs national
16.0%Denial rate (decided applications)-6.63 pts vs national
71.4%Origination rate+13.35 pts vs national
14.2%Withdrawn by applicant
0.4%Closed for incompleteness
6.75%Median interest rate+0.13 pts vs national
0.18Median rate spread (pts over APOR)-0.08 pts vs national
$145,000Median loan amount
$2,947Median total loan costs
$100kMedian applicant income
76%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

29th16.0% denied

Pricingmedian rate spread over APOR, weight 30%

63rd0.18 pts

Processwithdrawn + incomplete share, weight 15%

36th14.7%

Closing coststotal loan costs ÷ loan amount, weight 10%

45th2.03% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,07872114.8%18.0%6.75%$157M
20241,04075413.5%15.6%7.13%$189M
20251,16783313.6%16.0%6.75%$198M

What The Bank of Missouri lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 533 46% · 6.9% denied
Refinance 221 19% · 13.6% denied
Cash-out refinance 23 2% · 34.8% denied
Home improvement 234 20% · 18.0% denied
Other / HELOC 156 13% · 26.9% denied

By loan type

Conventional 1,141 98% · 13.0% denied
FHA 20 2% · 45.0% denied
VA 2 0% · 50.0% denied
USDA / RHS 4 0% · 25.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 224 investment properties.

Why The Bank of Missouri denies applications

Primary reason reported for each of the 159 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 35 39%
Debt-to-income ratio 32 36%
Collateral 8 9%
Unverifiable information 6 7%
Other 4 4%
Incomplete application 4 4%
Employment history 1 1%

How these reasons compare nationally →

Who gets approved at The Bank of Missouri

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1618932.3%
$50k – $100k30020021.9%
$100k – $150k22917512.3%
$150k – $250k1481178.6%
Over $250k916610.8%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25432613.3%
25–341991488.0%
35–4419112923.1%
45–5419813820.7%
55–6420013821.1%
65–741117818.6%
Over 74513420.9%

Where The Bank of Missouri lends

18 states and 101 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Missouri1,11379813.1%6.75%#46
Arkansas151213.3%6.89%#303
Kansas650.0%6.72%#407
Florida5260.0%6.22%#1,091
Illinois5340.0%7.25%#764
Texas5160.0%7.00%#1,070

Frequently asked questions

The Bank of Missouri denied 16.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of small mortgage lenders.

The most common reason The Bank of Missouri gave in 2025 was "credit history", cited on 38.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans The Bank of Missouri originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 46% of its applications were for home purchases, 21% for refinancing (including cash-out), and 33% for home improvement or other purposes. By loan type: 98% conventional, 2% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with The Bank of Missouri. Data sources · Methodology