Exchange State Bank Mortgage Rates, Fees & Info
Ames, IALEI: 254900ORL3AOAHZ46F19
Tax ID: 42-0239000
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Exchange State Bank is a smaller bank specializing in Home Purchase loans. Exchange State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ames, Des Moines, Iowa City, Waterloo, and Mason City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Exchange State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
52Origination Dollar Volume (All Markets)
$6,290,000Top 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 |
|---|---|---|---|---|---|
| AMES, IA (FHA|USDA|VA) | 25 | $3,345,000 | $133,800 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 10 | $1,960,000 | $196,000 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $690,000 | $49,286 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mason City, 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 | 52 | $6,290,000 | $120,962 | $0 | 0.00% |
For 2024, Exchange State Bank's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
For 2024, Exchange State Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $6,290,000 | $120,962 | $0 | 0.00% |
For 2024, Exchange State Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2024 saw Exchange State Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,190,000 in origination value.
Applicant Income
Exchange State Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $6,290,000 | $120,962 | $0 | 0.00% |
Exchange State Bank lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
Exchange 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $6,290,000 | $120,962 |