Grand River Bank Mortgage Rates, Fees & Info
Grandville, MILEI: 549300L7610D7H3Z5585
Tax ID: 26-4733625
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Grand River Bank is a smaller bank specializing in Home Purchase loans. Grand River Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Holland, Muskegon, Traverse City, and Lexington among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Grand River 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
90Origination Dollar Volume (All Markets)
$31,090,000Top 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 |
|---|---|---|---|---|---|
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 68 | $22,160,000 | $325,882 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 8 | $4,230,000 | $528,750 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,805,000 | $361,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Grand River Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
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Similarity Rank: 480
Similarity Rank: 528
Similarity Rank: 918
Similarity Rank: 1020
Similarity Rank: 1275
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $31,090,000 | $345,444 | $0 | 0.00% |
For 2024, Grand River Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2024, Grand River Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $31,090,000 | $345,444 | $0 | 0.00% |
For 2024, Grand River Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2024 saw Grand River Bank place emphasis on $200k-400k loans with 47 originations, totaling $13,795,000 in origination value.
Applicant Income
Grand River Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $31,090,000 | $345,444 | $0 | 0.00% |
Grand River Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.04%
Grand River Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.56%
Grand River Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $31,090,000 | $345,444 |