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 Cash Out Refi loans. Trubank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Oskaloosa, and Pella among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Trubank 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
71Origination Dollar Volume (All Markets)
$11,395,000Top 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) | 59 | $10,125,000 | $171,610 | $0 | 1,111.00% |
| Outside of Metro Areas | 5 | $975,000 | $195,000 | $0 | 1,111.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 6 | $250,000 | $41,667 | $0 | 1,111.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1,111.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $11,395,000 | $160,493 | $0 | 1,111.00% |
For 2018, Trubank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2018, Trubank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30+ year | 71 | $11,395,000 | $160,493 | $0 | 1,111.00% |
For 2018, Trubank's most frequently cited loan duration was 30+ year, with 71 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 71 | $11,395,000 | $160,493 |
Trubank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 71 | $11,395,000 | $160,493 |
During 2018, Trubank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 71 originations.
Loan Sizing
2018 saw Trubank place emphasis on $100,000 or less loans with 39 originations, totaling $1,995,000 in origination value.
Applicant Income
Trubank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| >60% | 46 | $5,060,000 | $110,000 | $0 | 1,111.00% |
Trubank lent most frequently to those with DTI ratios of >60%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.13%
Trubank has an average approval rate.
Pick Rate
Approvals leading to origination85.92%
Trubank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1111.0 | 65 | $10,675,000 | $164,231 |
| NA | 6 | $720,000 | $120,000 |