Foundation One Bank Mortgage Rates, Fees & Info
WATERLOO, NELEI: 549300PGUFTU637ZN698
Tax ID: 47-0219890
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Mortgage Data
Review & Overview
Foundation One Bank is a smaller bank specializing in Home Purchase and Refi loans. Foundation One Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Dallas, Sioux Falls, Lincoln, and Spencer among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Foundation One 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
59Origination Dollar Volume (All Markets)
$14,925,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 49 | $11,335,000 | $231,327 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Spencer, IA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $14,925,000 | $252,966 | $0 | 0.00% |
For 2019, Foundation One Bank's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
For 2019, Foundation One Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $14,925,000 | $252,966 | $0 | 0.00% |
For 2019, Foundation One Bank's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2019 saw Foundation One Bank place emphasis on $100,000 or less loans with 18 originations, totaling $880,000 in origination value.
Applicant Income
Foundation One Bank lent most frequently to those with incomes in the $250k+ range, with 20 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $14,925,000 | $252,966 | $0 | 0.00% |
Foundation One Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.44%
Foundation One 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 origination93.22%
Foundation One Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $14,925,000 | $252,966 |