First National Bank Ames Iowa Mortgage Rates, Fees & Info
Ames, IALEI: 549300OIJZOV6CPR1Y57
Tax ID: 42-0114420
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
211Origination Dollar Volume (All Markets)
$123,705,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications91.37%
First National Bank Ames Iowa has an average approval rate.
Pick Rate
Approvals leading to origination81.52%
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 |
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% |