Visionbank Of Iowa Mortgage Rates, Fees & Info
Ames, IALEI: 254900040LMONERSH242
Tax ID: 42-0183300
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Visionbank Of Iowa is a smaller bank specializing in Home Purchase and Refi loans. Visionbank Of Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, Iowa City, Las Vegas, and Mason City among others. We have data for 7 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.
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Originations
100Origination Dollar Volume (All Markets)
$33,200,000Top 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) | 52 | $16,270,000 | $312,885 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 42 | $14,040,000 | $334,286 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $160,000 | $80,000 | $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.
Similarity Rank: 42
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $33,200,000 | $332,000 | $0 | 0.00% |
For 2024, Visionbank Of Iowa's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
For 2024, Visionbank Of Iowa's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $33,200,000 | $332,000 | $0 | 0.00% |
For 2024, Visionbank Of Iowa's most frequently cited loan duration was Other, with 100 originations.
Loan Sizing
2024 saw Visionbank Of Iowa place emphasis on $100,000 or less loans with 28 originations, totaling $1,650,000 in origination value.
Applicant Income
Visionbank Of Iowa lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 100 | $33,200,000 | $332,000 | $0 | 0.00% |
Visionbank Of Iowa lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.41%
Visionbank Of Iowa has an average approval rate.
Pick Rate
Approvals leading to origination65.00%
Visionbank Of Iowa has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 100 | $33,200,000 | $332,000 |