Iowa Savings Bank Mortgage Rates, Fees & Info
Carroll, IALEI: 2549004ZXY9EU7HDZ606
Tax ID: 42-0334740
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Iowa Savings Bank is a smaller bank specializing in Home Purchase loans. Iowa Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Des Moines.Iowa Savings Bank 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
59Origination Dollar Volume (All Markets)
$6,855,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 53 | $6,085,000 | $114,811 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $6,855,000 | $116,186 | $0 | 0.00% |
For 2018, Iowa Savings Bank's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
For 2018, Iowa Savings Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $6,855,000 | $116,186 | $0 | 0.00% |
For 2018, Iowa Savings Bank's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2018 saw Iowa Savings Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,755,000 in origination value.
Applicant Income
Iowa Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $6,855,000 | $116,186 | $0 | 0.00% |
Iowa Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $6,210,000 | $115,000 | $0 | 0.00% |
| Not provided | 4 | $560,000 | $140,000 | $0 | 0.00% |
| Asian | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Iowa Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.19%
Iowa Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $6,855,000 | $116,186 |