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 Fort Madison 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 a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$5,665,000Top 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) | 45 | $4,605,000 | $102,333 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $420,000 | $70,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $5,665,000 | $99,386 | $0 | 0.00% |
For 2018, Cedar Valley Bank & Trust's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2018, Cedar Valley Bank & Trust's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $5,665,000 | $99,386 | $0 | 0.00% |
For 2018, Cedar Valley Bank & Trust's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2018 saw Cedar Valley Bank & Trust place emphasis on $100,000 or less loans with 38 originations, totaling $1,770,000 in origination value.
Applicant Income
Cedar Valley Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $5,665,000 | $99,386 | $0 | 0.00% |
Cedar Valley Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.75%
Cedar Valley Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination89.47%
Cedar Valley Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $5,665,000 | $99,386 |