Bankiowa Of Cedar Rapids Mortgage Rates, Fees & Info
Cedar Rapids, IALEI: 54930038YN5XV3SDVZ83
Tax ID: 42-0247350
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bankiowa Of Cedar Rapids is a smaller bank specializing in Home Purchase loans. Bankiowa Of Cedar Rapids has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Cedar Rapids, Des Moines, Mason City, and Rochester among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankiowa Of Cedar Rapids 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
210Origination Dollar Volume (All Markets)
$24,130,000Top 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) | 82 | $12,770,000 | $155,732 | $0 | 0.00% |
| Outside of Metro Areas | 78 | $6,140,000 | $78,718 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 42 | $3,470,000 | $82,619 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 4 | $110,000 | $27,500 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BankIowa of Cedar Rapids based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 210 | $24,130,000 | $114,905 | $0 | 0.00% |
For 2024, Bankiowa Of Cedar Rapids's most frequently originated type of loan was Conventional, with 210 originations.
Loan Reason
For 2024, Bankiowa Of Cedar Rapids's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Home Improvement, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 210 | $24,130,000 | $114,905 | $0 | 0.00% |
For 2024, Bankiowa Of Cedar Rapids's most frequently cited loan duration was Other, with 210 originations.
Loan Sizing
2024 saw Bankiowa Of Cedar Rapids place emphasis on $100,000 or less loans with 148 originations, totaling $7,510,000 in origination value.
Applicant Income
Bankiowa Of Cedar Rapids lent most frequently to those with incomes in the $75k-100k range, with 31 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 210 | $24,130,000 | $114,905 | $0 | 0.00% |
Bankiowa Of Cedar Rapids lent most frequently to those with DTI ratios of Exempt%, with 210 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.74%
Bankiowa Of Cedar Rapids has an average approval rate.
Pick Rate
Approvals leading to origination97.14%
Bankiowa Of Cedar Rapids 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 | 210 | $24,130,000 | $114,905 |