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 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

60

Origination Dollar Volume (All Markets)

$10,700,000

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) 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%
Trubank's top markets include Des Moines, Oskaloosa, and Waterloo among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $6,155,000 $267,609 $0 0.00%
    Cash Out Refi 18 $2,450,000 $136,111 $0 0.00%
    Refi 11 $1,675,000 $152,273 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%
    Other 2 $120,000 $60,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,650,000 $55,000 $0 0.00%
    $100k-200k 13 $1,685,000 $129,615 $0 0.00%
    $200k-400k 10 $2,510,000 $251,000 $0 0.00%
    $600k-1MM 4 $2,700,000 $675,000 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%
    $1MM+ 1 $1,285,000 $1,285,000 $0 0.00%

    2022 saw Trubank place emphasis on $100,000 or less loans with 30 originations, totaling $1,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,170,000 $226,429 $0 0.00%
    $50k-75k 14 $1,340,000 $95,714 $0 0.00%
    $75k-100k 9 $985,000 $109,444 $0 0.00%
    $50k or less 8 $750,000 $93,750 $0 0.00%
    $250k+ 5 $1,345,000 $269,000 $0 0.00%
    $150k-250k 2 $210,000 $105,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $7,620,000 $146,538 $0 0.00%
    Not applicable 6 $2,790,000 $465,000 $0 0.00%
    Not provided 1 $225,000 $225,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.83%

    Trubank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.67%

    Trubank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $10,700,000 $178,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $10,700,000 $178,333