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 Home Purchase and Refi loans. Glenwood State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Spirit Lake, and Springfield among others. We have data for 4 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.
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Originations
137Origination Dollar Volume (All Markets)
$16,315,000Top 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) | 121 | $13,825,000 | $114,256 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,440,000 | $174,286 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| SPRINGFIELD, MO (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 | 137 | $16,315,000 | $119,088 | $0 | 0.00% |
For 2021, Glenwood State Bank's most frequently originated type of loan was Conventional, with 137 originations.
Loan Reason
For 2021, Glenwood State Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 137 | $16,315,000 | $119,088 | $0 | 0.00% |
For 2021, Glenwood State Bank's most frequently cited loan duration was Other, with 137 originations.
Loan Sizing
2021 saw Glenwood State Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,340,000 in origination value.
Applicant Income
Glenwood State Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 137 | $16,315,000 | $119,088 | $0 | 0.00% |
Glenwood State Bank lent most frequently to those with DTI ratios of Exempt%, with 137 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 95 | $9,925,000 | $104,474 | $0 | 0.00% |
| Not applicable | 42 | $6,390,000 | $152,143 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.16%
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 | 137 | $16,315,000 | $119,088 |