Earlham Savings Bank Mortgage Rates, Fees & Info

West Des Moines, IA

LEI: 5493006D5TDDSA5NA741

Tax ID: 42-0227360

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

    Earlham Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Earlham Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Augusta, Los Angeles, Ames, and Spirit Lake among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Earlham Savings Bank has an average approval rate when compared to the average across all lenders. They have an 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

    106

    Origination Dollar Volume (All Markets)

    $14,550,000

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 98 $12,480,000 $127,347 $0 0.00%
    Outside of Metro Areas 3 $665,000 $221,667 $0 0.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    AMES, IA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Pella, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Earlham Savings Bank's top markets include Des Moines, Augusta, Los Angeles, Ames, and Spirit Lake among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $14,550,000 $137,264 $0 0.00%

    For 2018, Earlham Savings Bank's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 54 $8,580,000 $158,889 $0 0.00%
    Home Purchase 33 $4,485,000 $135,909 $0 0.00%
    Other 13 $1,335,000 $102,692 $0 0.00%
    Home Improvement 6 $150,000 $25,000 $0 0.00%

    For 2018, Earlham Savings Bank's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $14,550,000 $137,264 $0 0.00%

    For 2018, Earlham Savings Bank's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $2,575,000 $45,175 $0 0.00%
    $100k-200k 24 $3,310,000 $137,917 $0 0.00%
    $200k-400k 23 $6,425,000 $279,348 $0 0.00%
    $1MM+ 1 $1,675,000 $1,675,000 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $0 0.00%

    2018 saw Earlham Savings Bank place emphasis on $100,000 or less loans with 57 originations, totaling $2,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $2,080,000 $115,556 $0 0.00%
    $50k or less 16 $960,000 $60,000 $0 0.00%
    $100k-150k 10 $1,670,000 $167,000 $0 0.00%
    $50k-75k 10 $1,010,000 $101,000 $0 0.00%
    $150k-250k 6 $1,200,000 $200,000 $0 0.00%
    $250k+ 6 $650,000 $108,333 $0 0.00%

    Earlham Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $14,550,000 $137,264 $0 0.00%

    Earlham Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $9,520,000 $113,333 $0 0.00%
    Not applicable 20 $4,620,000 $231,000 $0 0.00%
    Not provided 2 $410,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.93%

    Earlham Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.57%

    Earlham Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $14,550,000 $137,264

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $170,000 $85,000
    Single Family (1-4 Units):Manufactured 6 $110,000 $18,333
    Single Family (1-4 Units):Site-Built 98 $14,270,000 $145,612