Kerndt Brothers Savings Bank Mortgage Rates, Fees & Info
Lansing, IALEI: 549300C1FRYGOIEXG035
Tax ID: 42-0356760
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Kerndt Brothers Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Kerndt Brothers Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Ottawa, Waterloo, Rochester, and Iowa City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Kerndt Brothers Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$19,530,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 77 | $13,295,000 | $172,662 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $19,530,000 | $199,286 | $0 | 0.00% |
For 2022, Kerndt Brothers Savings Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2022, Kerndt Brothers Savings Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $19,530,000 | $199,286 | $0 | 0.00% |
For 2022, Kerndt Brothers Savings Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2022 saw Kerndt Brothers Savings Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,260,000 in origination value.
Applicant Income
Kerndt Brothers Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $19,530,000 | $199,286 | $0 | 0.00% |
Kerndt Brothers Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 75 | $12,305,000 | $164,067 | $0 | 0.00% |
| Not applicable | 23 | $7,225,000 | $314,130 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.67%
Kerndt Brothers Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.76%
Kerndt Brothers Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $19,530,000 | $199,286 |