Cedar Valley Bank & Trust Mortgage Rates, Fees & Info

LA PORTE CITY, IA

LEI: 549300UMP0GPLDSH4L61

Tax ID: 42-0426430

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Cedar Valley Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Cedar Valley Bank & Trust has a high proportion of conventional loans. Their top two markets are Cedar Rapids and Waterloo .

    Cedar Valley Bank & 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

    89

    Origination Dollar Volume (All Markets)

    $12,775,000

    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
    CEDAR RAPIDS, IA (FHA|USDA|VA) 74 $11,130,000 $150,405 $0 0.00%
    Outside of Metro Areas 5 $1,045,000 $209,000 $0 0.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 10 $600,000 $60,000 $0 0.00%
    Cedar Valley Bank & Trust's top markets include Cedar Rapids and Waterloo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $12,775,000 $143,539 $0 0.00%

    For 2024, Cedar Valley Bank & Trust's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $8,370,000 $209,250 $0 0.00%
    Refi 34 $3,810,000 $112,059 $0 0.00%
    Home Improvement 11 $495,000 $45,000 $0 0.00%
    Other 4 $100,000 $25,000 $0 0.00%

    For 2024, Cedar Valley Bank & Trust's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $12,775,000 $143,539 $0 0.00%

    For 2024, Cedar Valley Bank & Trust's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,190,000 $43,800 $0 0.00%
    $200k-400k 18 $4,830,000 $268,333 $0 0.00%
    $100k-200k 14 $1,840,000 $131,429 $0 0.00%
    $600k-1MM 4 $2,490,000 $622,500 $0 0.00%
    $400k-600k 3 $1,425,000 $475,000 $0 0.00%

    2024 saw Cedar Valley Bank & Trust place emphasis on $100,000 or less loans with 50 originations, totaling $2,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $2,265,000 $98,478 $0 0.00%
    $75k-100k 15 $1,575,000 $105,000 $0 0.00%
    $50k-75k 14 $1,650,000 $117,857 $0 0.00%
    $150k-250k 12 $3,570,000 $297,500 $0 0.00%
    $100k-150k 9 $1,195,000 $132,778 $0 0.00%
    $250k+ 4 $1,660,000 $415,000 $0 0.00%

    Cedar Valley Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $12,775,000 $143,539 $0 0.00%

    Cedar Valley Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $12,000,000 $150,000 $0 0.00%
    Not applicable 9 $775,000 $86,111 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.97%

    Cedar Valley Bank & 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 origination
    95.51%

    Cedar Valley Bank & 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 89 $12,775,000 $143,539

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    89 $12,775,000 $143,539