Cedar Valley Bank & Trust Mortgage Rates, Fees & Info
LA PORTE CITY, IALEI: 549300UMP0GPLDSH4L61
Tax ID: 42-0426430
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Mortgage Data
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 markets by origination volume include: Cedar Rapids, Waterloo, and Des Moines among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
76Origination Dollar Volume (All Markets)
$11,450,000Top 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) | 61 | $9,965,000 | $163,361 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 9 | $825,000 | $91,667 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $425,000 | $85,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $11,450,000 | $150,658 | $0 | 0.00% |
For 2023, Cedar Valley Bank & Trust's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2023, Cedar Valley Bank & Trust's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $11,450,000 | $150,658 | $0 | 0.00% |
For 2023, Cedar Valley Bank & Trust's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2023 saw Cedar Valley Bank & Trust place emphasis on $100,000 or less loans with 39 originations, totaling $1,915,000 in origination value.
Applicant Income
Cedar Valley Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $11,450,000 | $150,658 | $0 | 0.00% |
Cedar Valley Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.51%
Cedar Valley Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination92.11%
Cedar Valley Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $11,450,000 | $150,658 |