Trubank Mortgage Rates, Fees & Info

Indianola, IA

LEI: 254900AKNL0HLB9M9B52

Tax ID: 42-1405514

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Mortgage Data

Review & Overview

Trubank is a smaller bank specializing in Home Purchase and Refi loans. Trubank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, Mason City, Pella, and Oskaloosa among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Trubank 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

68

Origination Dollar Volume (All Markets)

$12,840,000

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
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 55 $9,695,000 $176,273 $0 0.00%
Outside of Metro Areas 5 $2,585,000 $517,000 $0 0.00%
AMES, IA (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
Mason City, IA (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
Pella, IA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Oskaloosa, IA (FHA|USDA|VA) 3 $75,000 $25,000 $0 0.00%
Trubank's top markets include Des Moines, Ames, Mason City, Pella, and Oskaloosa among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $12,840,000 $188,824 $0 0.00%

    For 2023, Trubank's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $6,310,000 $175,278 $0 0.00%
    Refi 21 $5,945,000 $283,095 $0 0.00%
    Home Improvement 8 $200,000 $25,000 $0 0.00%
    Other 3 $385,000 $128,333 $0 0.00%

    For 2023, Trubank's most frequently cited loan purpose was Home Purchase, with 36 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 68 $12,840,000 $188,824 $0 0.00%

    For 2023, Trubank's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,325,000 $49,074 $0 0.00%
    $100k-200k 26 $3,770,000 $145,000 $0 0.00%
    $200k-400k 9 $2,335,000 $259,444 $0 0.00%
    $1MM+ 2 $3,230,000 $1,615,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%
    $600k-1MM 2 $1,250,000 $625,000 $0 0.00%

    2023 saw Trubank place emphasis on $100,000 or less loans with 27 originations, totaling $1,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,135,000 $103,182 $0 0.00%
    $100k-150k 8 $720,000 $90,000 $0 0.00%
    $150k-250k 7 $1,555,000 $222,143 $0 0.00%
    $50k or less 7 $245,000 $35,000 $0 0.00%
    $250k+ 5 $905,000 $181,000 $0 0.00%
    $75k-100k 2 $150,000 $75,000 $0 0.00%

    Trubank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $12,840,000 $188,824 $0 0.00%

    Trubank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $8,130,000 $290,357 $0 0.00%
    White 37 $4,535,000 $122,568 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%
    Not provided 2 $50,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.94%

    Trubank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.76%

    Trubank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $12,840,000 $188,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $12,840,000 $188,824