Visionbank Of Iowa Mortgage Rates, Fees & Info

Ames, IA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.49% 4/18/24
30 Year Conventional Refi 6.59% 4/18/24
30 Year Cash-out Refi 6.38% 4/18/24
15 Year Conventional Purchase 5.83% 4/18/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Visionbank Of Iowa. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

96

Origination Dollar Volume (All Markets)

$33,650,000

Top 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%
Visionbank Of Iowa's top markets include Des Moines, Ames, Cape Coral, Waterloo, and Fort Dodge among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $28,190,000 $522,037 $0 0.00%
    Refi 22 $3,850,000 $175,000 $0 0.00%
    Other 12 $1,330,000 $110,833 $0 0.00%
    Home Improvement 8 $280,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,680,000 $46,667 $0 0.00%
    $200k-400k 23 $6,845,000 $297,609 $0 0.00%
    $100k-200k 16 $2,310,000 $144,375 $0 0.00%
    $400k-600k 12 $6,040,000 $503,333 $0 0.00%
    $1MM+ 5 $13,885,000 $2,777,000 $0 0.00%
    $600k-1MM 4 $2,890,000 $722,500 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $10,695,000 $629,118 $0 0.00%
    $150k-250k 15 $3,665,000 $244,333 $0 0.00%
    $75k-100k 13 $955,000 $73,462 $0 0.00%
    $100k-150k 12 $2,210,000 $184,167 $0 0.00%
    $50k-75k 6 $250,000 $41,667 $0 0.00%
    $50k or less 1 $25,000 $25,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $17,105,000 $289,915 $0 0.00%
    Not applicable 29 $14,215,000 $490,172 $0 0.00%
    Not provided 7 $2,255,000 $322,143 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    Visionbank Of Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    96 $33,650,000 $350,521