First National Bank Ames Iowa Mortgage Rates, Fees & Info

Ames, IA

LEI: 549300OIJZOV6CPR1Y57

Tax ID: 42-0114420

Latest/2024 | 2023 Data | 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

    First National Bank Ames Iowa is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Ames Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Ames, Des Moines, Mason City, and Iowa City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Ames Iowa 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

    136

    Origination Dollar Volume (All Markets)

    $32,330,000

    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
    AMES, IA (FHA|USDA|VA) 58 $16,040,000 $276,552 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 45 $12,535,000 $278,556 $0 0.00%
    Outside of Metro Areas 31 $2,735,000 $88,226 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 1 $835,000 $835,000 $0 0.00%
    IOWA CITY, IA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    First National Bank Ames Iowa's top markets include Ames, Des Moines, Mason City, and Iowa City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $32,330,000 $237,721 $0 0.00%

    For 2024, First National Bank Ames Iowa's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $24,030,000 $364,091 $0 0.00%
    Refi 40 $6,940,000 $173,500 $0 0.00%
    Home Improvement 16 $520,000 $32,500 $0 0.00%
    Other 14 $840,000 $60,000 $0 0.00%

    For 2024, First National Bank Ames Iowa's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $32,330,000 $237,721 $0 0.00%

    For 2024, First National Bank Ames Iowa's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $2,885,000 $48,898 $0 0.00%
    $200k-400k 31 $8,095,000 $261,129 $0 0.00%
    $100k-200k 21 $3,305,000 $157,381 $0 0.00%
    $400k-600k 12 $5,470,000 $455,833 $0 0.00%
    $600k-1MM 9 $7,185,000 $798,333 $0 0.00%
    $1MM+ 4 $5,390,000 $1,347,500 $0 0.00%

    2024 saw First National Bank Ames Iowa place emphasis on $100,000 or less loans with 59 originations, totaling $2,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $4,730,000 $157,667 $0 0.00%
    $150k-250k 16 $3,600,000 $225,000 $0 0.00%
    $75k-100k 14 $1,500,000 $107,143 $0 0.00%
    $50k-75k 13 $1,205,000 $92,692 $0 0.00%
    $50k or less 13 $795,000 $61,154 $0 0.00%
    $250k+ 11 $5,505,000 $500,455 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $32,330,000 $237,721 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $16,920,000 $192,273 $0 0.00%
    Not applicable 35 $13,905,000 $397,286 $0 0.00%
    Not provided 10 $980,000 $98,000 $0 0.00%
    Asian 3 $525,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.39%

    First National Bank Ames Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.82%

    First National Bank Ames Iowa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $32,330,000 $237,721

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    136 $32,330,000 $237,721