Denver Savings Bank Mortgage Rates, Fees & Info
Denver, IALEI: 254900JG0TE6ZVYQ7857
Tax ID: 42-0213720
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Denver Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Denver Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Janesville, Des Moines, Cedar Rapids, and Muscatine among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Denver Savings 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
66Origination Dollar Volume (All Markets)
$16,160,000Top 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 |
|---|---|---|---|---|---|
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 55 | $15,035,000 | $273,364 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $435,000 | $87,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $16,160,000 | $244,848 | $0 | 0.00% |
For 2023, Denver Savings Bank's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2023, Denver Savings Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $16,160,000 | $244,848 | $0 | 0.00% |
For 2023, Denver Savings Bank's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2023 saw Denver Savings Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,760,000 in origination value.
Applicant Income
Denver Savings Bank lent most frequently to those with incomes in the $250k+ 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 |
|---|---|---|---|---|---|
| Exempt% | 66 | $16,160,000 | $244,848 | $0 | 0.00% |
Denver Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.52%
Denver Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.45%
Denver Savings 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 | 66 | $16,160,000 | $244,848 |