Glenwood State Bank Mortgage Rates, Fees & Info
Glenwood, IALEI: 54930094PMFTE71NZK32
Tax ID: 42-0274740
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Mortgage Data
Review & Overview
Glenwood State Bank is a smaller bank specializing in Home Purchase loans. Glenwood State Bank has a high proportion of conventional loans. Their top two markets are Omaha and Columbus .Glenwood State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
51Origination Dollar Volume (All Markets)
$4,155,000Top 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) | 47 | $3,935,000 | $83,723 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $65,000 | $21,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $4,155,000 | $81,471 | $0 | 0.00% |
For 2018, Glenwood State Bank's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2018, Glenwood State Bank's most frequently cited loan purpose was Cash Out Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $4,155,000 | $81,471 | $0 | 0.00% |
For 2018, Glenwood State Bank's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2018 saw Glenwood State Bank place emphasis on $100,000 or less loans with 39 originations, totaling $1,445,000 in origination value.
Applicant Income
Glenwood State Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $4,155,000 | $81,471 | $0 | 0.00% |
Glenwood State Bank lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 49 | $3,835,000 | $78,265 | $0 | 0.00% |
| Not applicable | 2 | $320,000 | $160,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $4,155,000 | $81,471 |