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 Waterloo 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 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
60Origination Dollar Volume (All Markets)
$10,700,000Top 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) | 51 | $8,095,000 | $158,725 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $2,280,000 | $570,000 | $0 | 0.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $10,700,000 | $178,333 | $0 | 0.00% |
For 2022, Trubank's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2022, Trubank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $10,700,000 | $178,333 | $0 | 0.00% |
For 2022, Trubank's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2022 saw Trubank place emphasis on $100,000 or less loans with 30 originations, totaling $1,650,000 in origination value.
Applicant Income
Trubank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $10,700,000 | $178,333 | $0 | 0.00% |
Trubank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.83%
Trubank has an average approval rate.
Pick Rate
Approvals leading to origination76.67%
Trubank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $10,700,000 | $178,333 |