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 loans. Glenwood State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Austin, Columbus, Sioux City, and Spirit Lake among others. We have data for 6 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
138Origination Dollar Volume (All Markets)
$17,070,000Top 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) | 109 | $12,625,000 | $115,826 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $2,990,000 | $124,583 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $17,070,000 | $123,696 | $0 | 0.00% |
For 2022, Glenwood State Bank's most frequently originated type of loan was Conventional, with 138 originations.
Loan Reason
For 2022, Glenwood State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 138 | $17,070,000 | $123,696 | $0 | 0.00% |
For 2022, Glenwood State Bank's most frequently cited loan duration was Other, with 138 originations.
Loan Sizing
2022 saw Glenwood State Bank place emphasis on $100,000 or less loans with 75 originations, totaling $3,105,000 in origination value.
Applicant Income
Glenwood State Bank lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 138 | $17,070,000 | $123,696 | $0 | 0.00% |
Glenwood State Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 119 | $14,415,000 | $121,134 | $0 | 0.00% |
| Not applicable | 19 | $2,655,000 | $139,737 | $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 | 138 | $17,070,000 | $123,696 |