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 and Cash Out Refi loans. Glenwood State Bank has a high proportion of conventional loans. Their top two markets are Omaha and Minneapolis .Glenwood State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
107Origination Dollar Volume (All Markets)
$12,885,000Top 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) | 102 | $11,410,000 | $111,863 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $215,000 | $71,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $12,885,000 | $120,421 | $0 | 0.00% |
For 2019, Glenwood State Bank's most frequently originated type of loan was Conventional, with 107 originations.
Loan Reason
For 2019, Glenwood State Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 107 | $12,885,000 | $120,421 | $0 | 0.00% |
For 2019, Glenwood State Bank's most frequently cited loan duration was Other, with 107 originations.
Loan Sizing
2019 saw Glenwood State Bank place emphasis on $100,000 or less loans with 61 originations, totaling $2,455,000 in origination value.
Applicant Income
Glenwood State Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 107 | $12,885,000 | $120,421 | $0 | 0.00% |
Glenwood State Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.17%
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 | 107 | $12,885,000 | $120,421 |