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 Cash Out Refi and Home Purchase loans. Trubank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Kirksville, Oskaloosa, and Branson among others. We have data for 5 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
50Origination Dollar Volume (All Markets)
$12,160,000Top 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) | 38 | $8,220,000 | $216,316 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $0 | 0.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $825,000 | $117,857 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $12,160,000 | $243,200 | $0 | 0.00% |
For 2019, Trubank's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2019, Trubank's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $12,160,000 | $243,200 | $0 | 0.00% |
For 2019, Trubank's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2019 saw Trubank place emphasis on $100,000 or less loans with 23 originations, totaling $825,000 in origination value.
Applicant Income
Trubank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $12,160,000 | $243,200 | $0 | 0.00% |
Trubank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
Trubank has a below average approval rate.
Pick Rate
Approvals leading to origination80.00%
Trubank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $12,160,000 | $243,200 |