First National Bank Ames Iowa Mortgage Rates, Fees & Info

Ames, IA

LEI: 549300OIJZOV6CPR1Y57

Tax ID: 42-0114420

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

    First National Bank Ames Iowa is a smaller bank specializing in Home Purchase loans. First National Bank Ames Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, Marshalltown, 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 above 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

    139

    Origination Dollar Volume (All Markets)

    $48,745,000

    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) 47 $35,525,000 $755,851 $0 0.00%
    AMES, IA (FHA|USDA|VA) 41 $6,515,000 $158,902 $0 0.00%
    Outside of Metro Areas 49 $6,025,000 $122,959 $0 0.00%
    Marshalltown, IA (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    IOWA CITY, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    First National Bank Ames Iowa's top markets include Des Moines, Ames, Marshalltown, 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 139 $48,745,000 $350,683 $0 0.00%

    For 2023, First National Bank Ames Iowa's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $40,945,000 $611,119 $0 0.00%
    Home Improvement 35 $2,695,000 $77,000 $0 0.00%
    Refi 29 $4,645,000 $160,172 $0 0.00%
    Other 8 $460,000 $57,500 $0 0.00%

    For 2023, First National Bank Ames Iowa's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Home Improvement, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $48,745,000 $350,683 $0 0.00%

    For 2023, First National Bank Ames Iowa's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $2,425,000 $44,091 $0 0.00%
    $200k-400k 35 $9,335,000 $266,714 $0 0.00%
    $100k-200k 34 $4,860,000 $142,941 $0 0.00%
    $400k-600k 8 $4,140,000 $517,500 $0 0.00%
    $1MM+ 4 $25,650,000 $6,412,500 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%

    2023 saw First National Bank Ames Iowa place emphasis on $100,000 or less loans with 55 originations, totaling $2,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $3,980,000 $153,077 $0 0.00%
    $150k-250k 19 $3,015,000 $158,684 $0 0.00%
    $75k-100k 18 $2,360,000 $131,111 $0 0.00%
    $50k-75k 17 $935,000 $55,000 $0 0.00%
    $50k or less 10 $450,000 $45,000 $0 0.00%
    $250k+ 8 $1,700,000 $212,500 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $48,745,000 $350,683 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 37 $35,185,000 $950,946 $0 0.00%
    White 89 $12,115,000 $136,124 $0 0.00%
    Not provided 8 $1,060,000 $132,500 $0 0.00%
    Asian 2 $260,000 $130,000 $0 0.00%
    Chinese 1 $75,000 $75,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%
    Vietnamese 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.75%

    First National Bank Ames Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.10%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $48,745,000 $350,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $48,745,000 $350,683