First State Bank of St. Charles Missouri Mortgage Interest Rate and Cost Review

Is First State Bank of St. Charles Missouri a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by First State Bank of St. Charles Missouri to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of First State Bank of St. Charles Missouri nationally:

Review ItemFirst State Bank of St. Charles Missouri
Interest Ratelower than other lenders (-0.17%)
Loan Related Closing Costssimilar to other lenders (-$52)
National Rate and Closing Cost Star Rating(4.5)

On average, First State Bank of St. Charles Missouri’s interest rates were lower than those of other lenders (-0.17%) for a comparable set of borrowers. On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$52. Overall, combining interest rates and closing costs we estimate that First State Bank of St. Charles Missouri tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. To visit First State Bank of St. Charles Missouri, its website is located at: https://fsbfinancial.com.

First State Bank of St. Charles Missouri’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track First State Bank of St. Charles Missouri was most active in:

  1. Kansas City, MO
  2. St. Louis, MO
  3. Village of Four Seasons, MO
  4. Phoenix, AZ
  5. Leavenworth, KS

In addition, First State Bank of St. Charles Missouri is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Village of Four Seasons, MO, overall
  2. Leavenworth, KS, for Conforming, and FHA mortgages

You can click through to check out First State Bank of St. Charles Missouri’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

First State Bank of St. Charles Missouri’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, First State Bank of St. Charles Missouri originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.17%-0.19%+0.00%-0.06%-0.07%
Loan Related Closing Cost Difference+$52-$16+$16-$25-$28
Cost Adjusted Rate Difference-0.17%-0.19%+0.00%-0.06%-0.07%
National Star Rating(4.5)(4.5)(3.5)(4)(4)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.21%+0.02%-0.01%-0.05%
Loan Related Closing Cost Difference-$250-$157-$88-$132
Cost Adjusted Rate Difference-0.23%+0.01%-0.01%-0.05%
Average Star Rating(4.5)(3.5)(3.5)(4)

As a summary, First State Bank of St. Charles Missouri is cheap for Conforming, FHA, USDA and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing mortgages, First State Bank of St. Charles Missouri is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about First State Bank of St. Charles Missouri:

Registered name: First State Bank Of St Charles Missouri
Registered city and state: ST CHARLES, MO, 63301
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: FIRST STATE BANCSHARES, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for First State Bank of St. Charles Missouri’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.