Gnb Bank Mortgage Rates, Fees & Info
Grundy Center, IALEI: 25490072C0PMGDUJQU77
Tax ID: 42-0287760
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Mortgage Data
Review & Overview
Gnb Bank is a smaller bank specializing in Home Purchase loans. Gnb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Searcy, Marshalltown, Ames, and Des Moines among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Gnb Bank has an 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
99Origination Dollar Volume (All Markets)
$18,205,000Top 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 | 33 | $5,725,000 | $173,485 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 28 | $3,260,000 | $116,429 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $3,085,000 | $3,085,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 13 | $1,865,000 | $143,462 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $17,275,000 | $189,835 | $0 | 0.00% |
| USDA | 8 | $930,000 | $116,250 | $0 | 0.00% |
For 2023, Gnb Bank's most frequently originated type of loan was Conventional, with 91 originations. Their 2nd most popular type was USDA, with 8 originations.
Loan Reason
For 2023, Gnb Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $18,205,000 | $183,889 | $0 | 0.00% |
For 2023, Gnb Bank's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2023 saw Gnb Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,475,000 in origination value.
Applicant Income
Gnb Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $18,205,000 | $183,889 | $0 | 0.00% |
Gnb Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.22%
Gnb Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.76%
Gnb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $18,205,000 | $183,889 |