Iowa Savings Bank Mortgage Rates, Fees & Info
Carroll, IALEI: 2549004ZXY9EU7HDZ606
Tax ID: 42-0334740
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Mortgage Data
Review & Overview
Iowa Savings Bank is a smaller bank specializing in Home Purchase and Refi 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
83Origination Dollar Volume (All Markets)
$10,185,000Top 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 | 79 | $9,725,000 | $123,101 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $10,185,000 | $122,711 | $0 | 0.00% |
For 2019, Iowa Savings Bank's most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
For 2019, Iowa Savings Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $10,185,000 | $122,711 | $0 | 0.00% |
For 2019, Iowa Savings Bank's most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2019 saw Iowa Savings Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,615,000 in origination value.
Applicant Income
Iowa Savings Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $10,185,000 | $122,711 | $0 | 0.00% |
Iowa Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.74%
Iowa Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.52%
Iowa Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $10,185,000 | $122,711 |