Gnb Bank Mortgage Rates, Fees & Info
Grundy Center, IALEI: 25490072C0PMGDUJQU77
Tax ID: 42-0287760
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Marshalltown, Waterloo, Ames, Searcy, and Cedar Rapids among others. We have data for 11 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
136Origination Dollar Volume (All Markets)
$19,900,000Top 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 | 65 | $8,235,000 | $126,692 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 20 | $3,730,000 | $186,500 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 28 | $2,550,000 | $91,071 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $19,060,000 | $148,906 | $0 | 0.00% |
| USDA | 8 | $840,000 | $105,000 | $0 | 0.00% |
For 2022, Gnb Bank's most frequently originated type of loan was Conventional, with 128 originations. Their 2nd most popular type was USDA, with 8 originations.
Loan Reason
For 2022, Gnb Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $19,900,000 | $146,324 | $0 | 0.00% |
For 2022, Gnb Bank's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2022 saw Gnb Bank place emphasis on $100,000 or less loans with 61 originations, totaling $3,185,000 in origination value.
Applicant Income
Gnb Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $75k-100k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 136 | $19,900,000 | $146,324 | $0 | 0.00% |
Gnb Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.98%
Gnb Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.88%
Gnb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 136 | $19,900,000 | $146,324 |