Trubank Mortgage Rates, Fees & Info
Indianola, IALEI: 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
68Origination Dollar Volume (All Markets)
$12,840,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Trubank place emphasis on $100,000 or less loans with 27 originations, totaling $1,325,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications92.94%
Trubank has an average approval rate.
Pick Rate
Approvals leading to origination86.76%
Trubank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $12,840,000 | $188,824 |