River Bank Mortgage Rates, Fees & Info

Stoddard, WI

LEI: 5493008FT4WVSLWPKG77

Tax ID: 39-0273600

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

    River Bank is a smaller bank specializing in Home Purchase and Refi loans. River Bank has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Madison, Eau Claire, Waterloo, and Janesville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    River Bank has an above average approval rate when compared to the average across all lenders. They have a below 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

    72

    Origination Dollar Volume (All Markets)

    $90,480,000

    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
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 24 $37,480,000 $1,561,667 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 2 $22,520,000 $11,260,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $15,005,000 $15,005,000 $0 0.00%
    Outside of Metro Areas 41 $7,675,000 $187,195 $0 0.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $7,220,000 $3,610,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    River Bank's top markets include La Crosse, Madison, Eau Claire, Waterloo, and Janesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $90,480,000 $1,256,667 $0 0.00%

    For 2023, River Bank's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $57,785,000 $1,343,837 $0 0.00%
    Home Improvement 13 $1,505,000 $115,769 $0 0.00%
    Refi 11 $30,835,000 $2,803,182 $0 0.00%
    Other 5 $355,000 $71,000 $0 0.00%

    For 2023, River Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $90,480,000 $1,256,667 $0 0.00%

    For 2023, River Bank's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $2,790,000 $139,500 $0 0.00%
    $100,000 or less 19 $935,000 $49,211 $0 0.00%
    $200k-400k 17 $4,625,000 $272,059 $0 0.00%
    $1MM+ 7 $77,575,000 $11,082,143 $0 0.00%
    $400k-600k 7 $3,105,000 $443,571 $0 0.00%
    $600k-1MM 2 $1,450,000 $725,000 $0 0.00%

    2023 saw River Bank place emphasis on $100k-200k loans with 20 originations, totaling $2,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,545,000 $171,667 $0 0.00%
    $50k or less 9 $855,000 $95,000 $0 0.00%
    $50k-75k 7 $675,000 $96,429 $0 0.00%
    $75k-100k 6 $1,030,000 $171,667 $0 0.00%
    $150k-250k 5 $1,435,000 $287,000 $0 0.00%
    $250k+ 2 $460,000 $230,000 $0 0.00%

    River Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $90,480,000 $1,256,667 $0 0.00%

    River Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $84,330,000 $2,635,313 $0 0.00%
    White 37 $5,565,000 $150,405 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%
    Not provided 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.25%

    River Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.11%

    River Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $90,480,000 $1,256,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    72 $90,480,000 $1,256,667