Gnb Bank Mortgage Rates, Fees & Info

Grundy Center, IA

LEI: 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

99

Origination Dollar Volume (All Markets)

$18,205,000

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
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%
Gnb Bank's top markets include Waterloo, Searcy, Marshalltown, Ames, and Des Moines among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $15,580,000 $210,541 $0 0.00%
    Refi 11 $995,000 $90,455 $0 0.00%
    Cash Out Refi 7 $1,255,000 $179,286 $0 0.00%
    Other 4 $260,000 $65,000 $0 0.00%
    Home Improvement 3 $115,000 $38,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,475,000 $57,558 $0 0.00%
    $100k-200k 32 $4,700,000 $146,875 $0 0.00%
    $200k-400k 15 $3,905,000 $260,333 $0 0.00%
    $400k-600k 7 $3,395,000 $485,000 $0 0.00%
    $1MM+ 1 $3,085,000 $3,085,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2023 saw Gnb Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $2,690,000 $122,273 $0 0.00%
    $75k-100k 18 $3,270,000 $181,667 $0 0.00%
    $100k-150k 14 $2,140,000 $152,857 $0 0.00%
    $50k or less 14 $1,150,000 $82,143 $0 0.00%
    $150k-250k 11 $2,465,000 $224,091 $0 0.00%
    $250k+ 7 $4,795,000 $685,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $16,290,000 $193,929 $0 0.00%
    Not applicable 13 $1,695,000 $130,385 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.22%

    Gnb Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.76%

    Gnb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $18,205,000 $183,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $18,205,000 $183,889