Green Belt Bank & Trust Mortgage Rates, Fees & Info

Iowa Falls, IA

LEI: 549300JGL6C3EZEB8H05

Tax ID: 42-1279302

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Green Belt Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Green Belt Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Kansas City, Waterloo, Fort Dodge, and Mason City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Green Belt Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    132

    Origination Dollar Volume (All Markets)

    $46,420,000

    Top 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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 8 $21,060,000 $2,632,500 $0 0.00%
    Outside of Metro Areas 96 $11,460,000 $119,375 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $10,085,000 $10,085,000 $0 0.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 18 $2,860,000 $158,889 $0 0.00%
    Fort Dodge, IA (FHA|USDA|VA) 3 $485,000 $161,667 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Marshalltown, IA (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    Fergus Falls, MN (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    Green Belt Bank & Trust's top markets include Des Moines, Kansas City, Waterloo, Fort Dodge, and Mason City among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $46,420,000 $351,667 $0 0.00%

    For 2022, Green Belt Bank & Trust's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 77 $10,495,000 $136,299 $0 0.00%
    Refi 35 $34,665,000 $990,429 $0 0.00%
    Home Improvement 12 $610,000 $50,833 $0 0.00%
    Other 4 $340,000 $85,000 $0 0.00%
    Cash Out Refi 4 $310,000 $77,500 $0 0.00%

    For 2022, Green Belt Bank & Trust's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $46,420,000 $351,667 $0 0.00%

    For 2022, Green Belt Bank & Trust's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,755,000 $59,603 $0 0.00%
    $100k-200k 43 $6,245,000 $145,233 $0 0.00%
    $200k-400k 20 $5,330,000 $266,500 $0 0.00%
    $1MM+ 3 $29,595,000 $9,865,000 $0 0.00%
    $400k-600k 3 $1,495,000 $498,333 $0 0.00%

    2022 saw Green Belt Bank & Trust place emphasis on $100,000 or less loans with 63 originations, totaling $3,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,620,000 $77,059 $0 0.00%
    $100k-150k 26 $5,520,000 $212,308 $0 0.00%
    $50k-75k 22 $2,240,000 $101,818 $0 0.00%
    $75k-100k 13 $1,665,000 $128,077 $0 0.00%
    $250k+ 6 $1,040,000 $173,333 $0 0.00%
    $150k-250k 5 $905,000 $181,000 $0 0.00%

    Green Belt Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $46,420,000 $351,667 $0 0.00%

    Green Belt Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $30,950,000 $1,719,444 $0 0.00%
    White 105 $13,975,000 $133,095 $0 0.00%
    Not provided 9 $1,495,000 $166,111 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.90%

    Green Belt Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.39%

    Green Belt Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $46,420,000 $351,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $46,420,000 $351,667