Availa Bank Mortgage Rates, Fees & Info
Carroll, IALEI: 549300MP1N04YL1TZP61
Tax ID: 42-0170040
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Availa Bank is a smaller bank specializing in Home Purchase and Refi loans. Availa Bank has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Omaha, Ames, Carroll, and Sioux City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Availa Bank 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
235Origination Dollar Volume (All Markets)
$73,235,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $19,505,000 | $19,505,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 69 | $19,245,000 | $278,913 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 21 | $10,295,000 | $490,238 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $4,820,000 | $126,842 | $0 | 0.00% |
| Carroll, IA (FHA|USDA|VA) | 13 | $4,715,000 | $362,692 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 24 | $3,560,000 | $148,333 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 23 | $2,965,000 | $128,913 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $2,790,000 | $1,395,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 33 | $2,575,000 | $78,030 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 0.00% |
| Salina, KS (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 | 235 | $73,235,000 | $311,638 | $0 | 0.00% |
For 2024, Availa Bank's most frequently originated type of loan was Conventional, with 235 originations.
Loan Reason
For 2024, Availa Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 235 | $73,235,000 | $311,638 | $0 | 0.00% |
For 2024, Availa Bank's most frequently cited loan duration was Other, with 235 originations.
Loan Sizing
2024 saw Availa Bank place emphasis on $100,000 or less loans with 109 originations, totaling $6,145,000 in origination value.
Applicant Income
Availa Bank lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 235 | $73,235,000 | $311,638 | $0 | 0.00% |
Availa Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.27%
Availa 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 origination90.21%
Availa Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 235 | $73,235,000 | $311,638 |