Hiawatha Bank And Trust Mortgage Rates, Fees & Info
Hiawatha, IALEI: 549300R3EV7MGYLQ4776
Tax ID: 42-0239025
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hiawatha Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. Hiawatha Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Iowa City, Panama City, and Green Bay among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Hiawatha Bank And Trust has an above average approval rate when compared to the average across all lenders.
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Originations
46Origination Dollar Volume (All Markets)
$7,370,000Top 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 |
|---|---|---|---|---|---|
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 36 | $5,320,000 | $147,778 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $775,000 | $155,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $7,370,000 | $160,217 | $0 | 0.00% |
For 2023, Hiawatha Bank And Trust's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2023, Hiawatha Bank And Trust's most frequently cited loan purpose was Home Purchase, with 24 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 | 46 | $7,370,000 | $160,217 | $0 | 0.00% |
For 2023, Hiawatha Bank And Trust's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw Hiawatha Bank And Trust place emphasis on $100,000 or less loans with 20 originations, totaling $1,360,000 in origination value.
Applicant Income
Hiawatha Bank And Trust lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $7,370,000 | $160,217 | $0 | 0.00% |
Hiawatha Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Hiawatha Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $7,370,000 | $160,217 |