Visionbank Of Iowa Mortgage Rates, Fees & Info
Ames, IALEI: 254900040LMONERSH242
Tax ID: 42-0183300
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Mortgage Data
Review & Overview
Visionbank Of Iowa is a smaller bank specializing in Home Purchase loans. Visionbank Of Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, Cape Coral, Waterloo, and Fort Dodge among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Visionbank Of Iowa has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.49% | 11/17/24 |
| 30 Year Conventional Refi | 6.59% | 11/17/24 |
| 30 Year Cash-out Refi | 6.38% | 11/17/24 |
| 15 Year Conventional Purchase | 5.83% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Visionbank Of Iowa Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
96Origination Dollar Volume (All Markets)
$33,650,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 61 | $16,135,000 | $264,508 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $8,060,000 | $2,015,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 26 | $7,390,000 | $284,231 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against VisionBank of Iowa based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $33,650,000 | $350,521 | $0 | 0.00% |
For 2023, Visionbank Of Iowa's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
For 2023, Visionbank Of Iowa's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $33,650,000 | $350,521 | $0 | 0.00% |
For 2023, Visionbank Of Iowa's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2023 saw Visionbank Of Iowa place emphasis on $100,000 or less loans with 36 originations, totaling $1,680,000 in origination value.
Applicant Income
Visionbank Of Iowa lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $33,650,000 | $350,521 | $0 | 0.00% |
Visionbank Of Iowa lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Visionbank Of Iowa has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Visionbank Of Iowa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $33,650,000 | $350,521 |