Availa Bank Mortgage Rates, Fees & Info
Carroll, IALEI: 549300MP1N04YL1TZP61
Tax ID: 42-0170040
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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: Des Moines, Cedar Rapids, Omaha, Ames, and Fort Dodge among others. We have data for 24 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
373Origination Dollar Volume (All Markets)
$130,785,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 77 | $36,955,000 | $479,935 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $31,005,000 | $31,005,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 80 | $14,110,000 | $176,375 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 51 | $13,425,000 | $263,235 | $0 | 0.00% |
| Outside of Metro Areas | 51 | $11,045,000 | $216,569 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 49 | $5,055,000 | $103,163 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 3 | $3,405,000 | $1,135,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 19 | $1,935,000 | $101,842 | $0 | 0.00% |
| Carroll, IA (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Yankton, SD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 373 | $130,785,000 | $350,630 | $0 | 0.00% |
For 2022, Availa Bank's most frequently originated type of loan was Conventional, with 373 originations.
Loan Reason
For 2022, Availa Bank's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Refi, with 86 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 373 | $130,785,000 | $350,630 | $0 | 0.00% |
For 2022, Availa Bank's most frequently cited loan duration was Other, with 373 originations.
Loan Sizing
2022 saw Availa Bank place emphasis on $100,000 or less loans with 140 originations, totaling $8,160,000 in origination value.
Applicant Income
Availa Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 373 | $130,785,000 | $350,630 | $0 | 0.00% |
Availa Bank lent most frequently to those with DTI ratios of Exempt%, with 373 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
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 origination90.62%
Availa Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 373 | $130,785,000 | $350,630 |