Bridge Community Bank Mortgage Rates, Fees & Info

Solon, IA

LEI: 549300181OTPC1TU7Q22

Tax ID: 42-0408250

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

    Bridge Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Bridge Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Iowa City, Cedar Rapids, and Hannibal among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bridge Community 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.

    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

    67

    Origination Dollar Volume (All Markets)

    $7,525,000

    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
    IOWA CITY, IA (FHA|USDA|VA) 17 $3,105,000 $182,647 $0 0.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 21 $1,945,000 $92,619 $0 0.00%
    Outside of Metro Areas 18 $1,600,000 $88,889 $0 0.00%
    Hannibal, MO (FHA|USDA|VA) 11 $875,000 $79,545 $0 0.00%
    Bridge Community Bank's top markets include Iowa City, Cedar Rapids, and Hannibal among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $7,525,000 $112,313 $0 0.00%

    For 2023, Bridge Community Bank's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 33 $2,845,000 $86,212 $0 0.00%
    Home Purchase 24 $4,360,000 $181,667 $0 0.00%
    Other 7 $255,000 $36,429 $0 0.00%
    Home Improvement 3 $65,000 $21,667 $0 0.00%

    For 2023, Bridge Community Bank's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $7,525,000 $112,313 $0 0.00%

    For 2023, Bridge Community Bank's most frequently cited loan duration was Other, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,140,000 $53,500 $0 0.00%
    $100k-200k 17 $2,605,000 $153,235 $0 0.00%
    $200k-400k 10 $2,780,000 $278,000 $0 0.00%

    2023 saw Bridge Community Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,325,000 $120,455 $0 0.00%
    $75k-100k 9 $825,000 $91,667 $0 0.00%
    $100k-150k 8 $1,190,000 $148,750 $0 0.00%
    $150k-250k 7 $1,275,000 $182,143 $0 0.00%
    $50k or less 7 $245,000 $35,000 $0 0.00%
    $250k+ 1 $85,000 $85,000 $0 0.00%

    Bridge Community Bank lent most frequently to those with incomes in the $50k-75k range, with 11 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% 67 $7,525,000 $112,313 $0 0.00%

    Bridge Community Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $5,440,000 $118,261 $0 0.00%
    Not applicable 21 $2,085,000 $99,286 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.55%

    Bridge Community 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
    98.51%

    Bridge Community 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 67 $7,525,000 $112,313

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $7,525,000 $112,313