Bridge Community Bank Mortgage Rates, Fees & Info
Solon, IALEI: 549300181OTPC1TU7Q22
Tax ID: 42-0408250
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bridge Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Bridge Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Iowa City, Des Moines, Dubuque, and Omaha among others. We have data for 7 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.
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Originations
61Origination Dollar Volume (All Markets)
$6,915,000Top 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 |
|---|---|---|---|---|---|
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 29 | $2,705,000 | $93,276 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 14 | $2,010,000 | $143,571 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,445,000 | $111,154 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $6,915,000 | $113,361 | $0 | 0.00% |
For 2018, Bridge Community Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2018, Bridge Community Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $6,915,000 | $113,361 | $0 | 0.00% |
For 2018, Bridge Community Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2018 saw Bridge Community Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,735,000 in origination value.
Applicant Income
Bridge Community Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $6,915,000 | $113,361 | $0 | 0.00% |
Bridge Community Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 52 | $5,580,000 | $107,308 | $0 | 0.00% |
| Not applicable | 8 | $1,330,000 | $166,250 | $0 | 0.00% |
| Asian | 1 | $5,000 | $5,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.20%
Bridge Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.08%
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 | 61 | $6,915,000 | $113,361 |