Hiawatha Bank And Trust Mortgage Rates, Fees & Info
Hiawatha, IALEI: 549300R3EV7MGYLQ4776
Tax ID: 42-0239025
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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 two markets are Cedar Rapids and Iowa City .Hiawatha Bank And Trust 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
24Origination Dollar Volume (All Markets)
$3,530,000Top 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) | 20 | $2,560,000 | $128,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $3,530,000 | $147,083 | $0 | 0.00% |
For 2019, Hiawatha Bank And Trust's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2019, Hiawatha Bank And Trust's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $3,530,000 | $147,083 | $0 | 0.00% |
For 2019, Hiawatha Bank And Trust's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2019 saw Hiawatha Bank And Trust place emphasis on $100k-200k loans with 12 originations, totaling $1,680,000 in origination value.
Applicant Income
Hiawatha Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $3,530,000 | $147,083 | $0 | 0.00% |
Hiawatha Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 24 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 origination95.83%
Hiawatha Bank And Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $3,530,000 | $147,083 |