Two Rivers Bank & Trust Mortgage Rates, Fees & Info

Burlington, IA

LEI: 549300TN34NXD7N44O04

Tax ID: 42-0162020

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Two Rivers Bank & Trust is a smaller bank specializing in Home Purchase loans. Two Rivers Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Iowa City, Burlington, Fort Madison, and Cedar Rapids among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Two Rivers Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Two Rivers Bank & Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.14% 4/5/25
    30 Year Conventional Refi 6.97% 4/5/25
    15 Year Conventional Purchase 7.27% 4/5/25
    15 Year Conventional Refi 6.22% 4/5/25
    15 Year Cash-out Refi 6.22% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Two Rivers Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Two Rivers Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    235

    Origination Dollar Volume (All Markets)

    $35,985,000

    Awards

    Two Rivers Bank & Trust 30 Year Conventional Loans gold Two Rivers Bank & Trust 30 Year Conventional Loans gold Two Rivers Bank & Trust 30 Year Conventional Loans gold Two Rivers Bank & Trust 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    Two Rivers Bank & Trust's average 30 year fixed mortgage rate was 7.39%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.84%.

    Relative Fees (Closing Costs)

    Two Rivers Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $1,453.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 9 $12,145,000 $1,349,444 $1,925 7.43%
    IOWA CITY, IA (FHA|USDA|VA) 21 $6,915,000 $329,286 $1,022 7.59%
    Burlington, IA-IL (FHA|USDA|VA) 90 $6,760,000 $75,111 $736 7.51%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 66 $5,340,000 $80,909 $741 7.49%
    Outside of Metro Areas 42 $3,070,000 $73,095 $775 7.19%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 4 $1,230,000 $307,500 $1,413 7.02%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.85%
    AMES, IA (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.90%
    Fairfield, IA (FHA|USDA|VA) 1 $65,000 $65,000 $255 7.50%
    Two Rivers Bank & Trust's top markets include Des Moines, Iowa City, Burlington, Fort Madison, and Cedar Rapids among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Two Rivers Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank
    Similarity Rank: 42
    FINANCIAL PLUS Credit Union
    Similarity Rank: 72
    Hills Bank and Trust Company
    Similarity Rank: 78
    RUHL MORTGAGE, LLC
    Similarity Rank: 80
    Two Rivers Bank & Trust
    Similarity Rank: 99
    United Community Bank
    Similarity Rank: 138
    Bankers Trust Company
    Similarity Rank: 180
    GREATER IOWA CREDIT UNION
    Similarity Rank: 187
    Farmers State Bank
    Similarity Rank: 276
    Tradesmen Community Credit Union
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 235 $35,985,000 $153,128 $797 7.44%

    For 2024, Two Rivers Bank & Trust's most frequently originated type of loan was Conventional, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $28,800,000 $306,383 $1,500 7.45%
    Home Improvement 69 $2,845,000 $41,232 $418 7.38%
    Other 39 $1,605,000 $41,154 $406 7.55%
    Refi 33 $2,735,000 $82,879 $714 7.43%

    For 2024, Two Rivers Bank & Trust's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Home Improvement, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 86 $11,270,000 $131,047 $342 7.18%
    30 Year 56 $8,420,000 $150,357 $1,453 7.39%
    10 Year 44 $1,840,000 $41,818 $350 7.88%
    Other 17 $9,285,000 $546,176 $487 7.71%
    1 Year 12 $1,040,000 $86,667 $0 7.77%
    30+ year 11 $3,545,000 $322,273 $2,048 7.24%
    15 Year 4 $320,000 $80,000 $1,098 7.41%
    20 Year 3 $195,000 $65,000 $1,447 7.38%
    3 Year 2 $70,000 $35,000 $209 7.75%

    For 2024, Two Rivers Bank & Trust's most frequently cited loan duration was 5 Year, with 86 originations. The 2nd most popular length was 30 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 209 $18,385,000 $87,967

    Two Rivers Bank & Trust's average total fees were $1,453, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 209 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 148 $24,750,000 $167,230
    6-7% 60 $9,680,000 $161,333
    Over 8% 24 $1,370,000 $57,083
    2.5-3% 2 $50,000 $25,000
    5-6% 1 $135,000 $135,000

    During 2024, Two Rivers Bank & Trust's average interest rate for loans was 7.39%, while their most frequently originated rate bucket for loans was 7-8%, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 167 $7,075,000 $42,365 $539 7.49%
    $100k-200k 35 $5,015,000 $143,286 $1,429 7.31%
    $200k-400k 22 $6,460,000 $293,636 $1,641 7.47%
    $1MM+ 4 $13,640,000 $3,410,000 $0 7.15%
    $400k-600k 4 $1,810,000 $452,500 $1,754 6.91%
    $600k-1MM 3 $1,985,000 $661,667 $2,570 7.04%

    2024 saw Two Rivers Bank & Trust place emphasis on $100,000 or less loans with 167 originations, totaling $7,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $3,290,000 $56,724 $666 7.35%
    $100k-150k 43 $5,265,000 $122,442 $803 7.39%
    $50k or less 40 $1,840,000 $46,000 $744 7.43%
    $75k-100k 36 $3,190,000 $88,611 $940 7.65%
    $150k-250k 31 $4,155,000 $134,032 $962 7.41%
    $250k+ 3 $675,000 $225,000 $957 7.12%

    Two Rivers Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 64 $5,340,000 $83,438 $750 7.45%
    30-36% 42 $3,700,000 $88,095 $842 7.47%
    <20% 34 $2,270,000 $66,765 $802 7.43%
    42% 16 $1,520,000 $95,000 $863 7.39%
    40% 12 $1,020,000 $85,000 $929 7.42%
    38% 11 $1,005,000 $91,364 $623 7.68%
    41% 9 $555,000 $61,667 $661 6.97%
    36% 8 $450,000 $56,250 $720 7.36%
    37% 6 $640,000 $106,667 $682 7.37%
    50-60% 3 $1,025,000 $341,667 $1,972 7.42%
    39% 3 $305,000 $101,667 $965 7.33%
    46% 2 $410,000 $205,000 $585 7.69%
    >60% 1 $55,000 $55,000 $0 7.75%
    43% 1 $55,000 $55,000 $255 8.25%
    44% 1 $45,000 $45,000 $608 8.25%
    45% 1 $265,000 $265,000 $1,313 7.13%

    Two Rivers Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $17,325,000 $825,000 $0 7.49%
    White 198 $17,320,000 $87,475 $781 7.43%
    Not provided 12 $1,020,000 $85,000 $803 7.36%
    Black 2 $220,000 $110,000 $1,560 7.63%
    Asian 1 $85,000 $85,000 $2,199 7.50%
    American Indian 1 $15,000 $15,000 $781 8.75%

    Approval Rates

    Total approvals of all applications
    85.33%

    Two Rivers Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.15%

    Two Rivers Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 235 $35,985,000 $153,128

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    235 $35,985,000 $153,128

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $3,640,000 $60,667 $519 7.61%
    40-60% 25 $3,525,000 $141,000 $1,286 7.42%
    60-80% 38 $20,560,000 $541,053 $1,269 7.36%
    80-100% 35 $5,895,000 $168,429 $1,567 7.49%
    Under 20% 77 $2,365,000 $30,714 $317 7.34%