Glenwood State Bank Mortgage Rates, Fees & Info
Glenwood, IALEI: 54930094PMFTE71NZK32
Tax ID: 42-0274740
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Glenwood State Bank is a smaller bank specializing in Refi and Home Purchase loans. Glenwood State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Warsaw, Spirit Lake, and Des Moines among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Glenwood State 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
147Origination Dollar Volume (All Markets)
$15,685,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 122 | $13,800,000 | $113,115 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $1,520,000 | $69,091 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $15,685,000 | $106,701 | $0 | 0.00% |
For 2023, Glenwood State Bank's most frequently originated type of loan was Conventional, with 147 originations.
Loan Reason
For 2023, Glenwood State Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 147 | $15,685,000 | $106,701 | $0 | 0.00% |
For 2023, Glenwood State Bank's most frequently cited loan duration was Other, with 147 originations.
Loan Sizing
2023 saw Glenwood State Bank place emphasis on $100,000 or less loans with 86 originations, totaling $3,830,000 in origination value.
Applicant Income
Glenwood State Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 147 | $15,685,000 | $106,701 | $0 | 0.00% |
Glenwood State Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.33%
Glenwood State 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 origination98.64%
Glenwood State 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 | 147 | $15,685,000 | $106,701 |