Primebank Mortgage Rates, Fees & Info
Le Mars, IALEI: 549300EP58VNEJR7BV48
Tax ID: 42-0376810
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Primebank is a smaller bank specializing in Home Purchase loans. Primebank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Spirit Lake, Des Moines, Omaha, and Storm Lake among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Primebank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
261Origination Dollar Volume (All Markets)
$51,165,000Top 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 |
|---|---|---|---|---|---|
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 158 | $28,530,000 | $180,570 | $0 | 0.00% |
| Outside of Metro Areas | 90 | $18,480,000 | $205,333 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Spencer, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Yankton, SD (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Primebank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 35
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $51,165,000 | $196,034 | $0 | 0.00% |
For 2024, Primebank's most frequently originated type of loan was Conventional, with 261 originations.
Loan Reason
For 2024, Primebank's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $51,165,000 | $196,034 | $0 | 0.00% |
For 2024, Primebank's most frequently cited loan duration was Other, with 261 originations.
Loan Sizing
2024 saw Primebank place emphasis on $100,000 or less loans with 91 originations, totaling $5,425,000 in origination value.
Applicant Income
Primebank lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $100k-150k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 261 | $51,165,000 | $196,034 | $0 | 0.00% |
Primebank lent most frequently to those with DTI ratios of Exempt%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.90%
Primebank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.34%
Primebank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 261 | $51,165,000 | $196,034 |