Iowa State Bank Mortgage Rates, Fees & Info
Des Moines, IALEI: 254900F6O4NCRVOV3J04
Tax ID: 42-0335294
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Iowa State Bank is a smaller bank specializing in Home Purchase and Refi loans. Iowa State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Fort Dodge, and Ames among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Iowa State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$11,275,000Top 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) | 39 | $11,065,000 | $283,718 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $11,275,000 | $275,000 | $0 | 0.00% |
For 2023, Iowa State Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2023, Iowa State Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $11,275,000 | $275,000 | $0 | 0.00% |
For 2023, Iowa State Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2023 saw Iowa State Bank place emphasis on $100,000 or less loans with 17 originations, totaling $755,000 in origination value.
Applicant Income
Iowa State Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $11,275,000 | $275,000 | $0 | 0.00% |
Iowa State Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.56%
Iowa State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.12%
Iowa State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $11,275,000 | $275,000 |