First National Bank Ames Iowa Mortgage Rates, Fees & Info

Ames, IA

LEI: 549300OIJZOV6CPR1Y57

Tax ID: 42-0114420

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Mortgage Data

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: Des Moines, Ames, Marshalltown, Pella, and Iowa City among others. We have data for 7 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.

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Originations

211

Origination Dollar Volume (All Markets)

$123,705,000

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) 72 $67,550,000 $938,194 $0 0.00%
AMES, IA (FHA|USDA|VA) 89 $30,275,000 $340,169 $0 0.00%
Outside of Metro Areas 42 $18,060,000 $430,000 $0 0.00%
Marshalltown, IA (FHA|USDA|VA) 3 $6,275,000 $2,091,667 $0 0.00%
Pella, IA (FHA|USDA|VA) 2 $890,000 $445,000 $0 0.00%
IOWA CITY, IA (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
Mason City, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
First National Bank Ames Iowa's top markets include Des Moines, Ames, Marshalltown, Pella, 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 211 $123,705,000 $586,280 $0 0.00%

    For 2022, First National Bank Ames Iowa's most frequently originated type of loan was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $85,780,000 $640,149 $0 0.00%
    Refi 49 $35,555,000 $725,612 $0 0.00%
    Home Improvement 18 $1,150,000 $63,889 $0 0.00%
    Other 10 $1,220,000 $122,000 $0 0.00%

    For 2022, First National Bank Ames Iowa's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $123,705,000 $586,280 $0 0.00%

    For 2022, First National Bank Ames Iowa's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,755,000 $145,597 $0 0.00%
    $100,000 or less 48 $2,560,000 $53,333 $0 0.00%
    $200k-400k 45 $12,715,000 $282,556 $0 0.00%
    $400k-600k 21 $9,665,000 $460,238 $0 0.00%
    $1MM+ 18 $80,430,000 $4,468,333 $0 0.00%
    $600k-1MM 12 $8,580,000 $715,000 $0 0.00%

    2022 saw First National Bank Ames Iowa place emphasis on $100k-200k loans with 67 originations, totaling $9,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $7,840,000 $206,316 $0 0.00%
    $250k+ 20 $10,090,000 $504,500 $0 0.00%
    $150k-250k 18 $4,660,000 $258,889 $0 0.00%
    $50k-75k 16 $2,100,000 $131,250 $0 0.00%
    $50k or less 15 $825,000 $55,000 $0 0.00%
    $75k-100k 13 $2,485,000 $191,154 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $250k+, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $123,705,000 $586,280 $0 0.00%

    First National Bank Ames Iowa lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 87 $94,515,000 $1,086,379 $0 0.00%
    White 110 $26,710,000 $242,818 $0 0.00%
    Not provided 11 $2,025,000 $184,091 $0 0.00%
    Black 1 $325,000 $325,000 $0 0.00%
    Asian 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.37%

    First National Bank Ames Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.52%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $123,705,000 $586,280

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    211 $123,705,000 $586,280

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%