Denver Savings Bank Mortgage Rates, Fees & Info

Denver, IA

LEI: 254900JG0TE6ZVYQ7857

Tax ID: 42-0213720

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Iowa City, Spirit Lake, and Fort Dodge among others. We have data for 5 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 a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    68

    Origination Dollar Volume (All Markets)

    $12,540,000

    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
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 60 $11,680,000 $194,667 $0 0.00%
    Outside of Metro Areas 4 $470,000 $117,500 $0 0.00%
    IOWA CITY, IA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Fort Dodge, IA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Denver Savings Bank's top markets include Waterloo, Iowa City, Spirit Lake, and Fort Dodge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $12,540,000 $184,412 $0 0.00%

    For 2022, Denver Savings Bank's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $4,705,000 $127,162 $0 0.00%
    Refi 23 $6,785,000 $295,000 $0 0.00%
    Cash Out Refi 5 $955,000 $191,000 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%

    For 2022, Denver Savings Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $12,540,000 $184,412 $0 0.00%

    For 2022, Denver Savings Bank's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,880,000 $55,294 $0 0.00%
    $100k-200k 22 $2,950,000 $134,091 $0 0.00%
    $200k-400k 9 $2,305,000 $256,111 $0 0.00%
    $1MM+ 1 $4,275,000 $4,275,000 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2022 saw Denver Savings Bank place emphasis on $100,000 or less loans with 34 originations, totaling $1,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 8 $1,300,000 $162,500 $0 0.00%
    $50k-75k 6 $500,000 $83,333 $0 0.00%
    $50k or less 6 $600,000 $100,000 $0 0.00%
    $100k-150k 5 $605,000 $121,000 $0 0.00%
    $150k-250k 5 $935,000 $187,000 $0 0.00%
    $250k+ 2 $210,000 $105,000 $0 0.00%

    Denver Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $12,540,000 $184,412 $0 0.00%

    Denver Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $8,145,000 $246,818 $0 0.00%
    White 34 $4,120,000 $121,176 $0 0.00%
    Black 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.39%

    Denver Savings 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 origination
    82.35%

    Denver Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $12,540,000 $184,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $12,540,000 $184,412