Cedar Valley Bank & Trust Mortgage Rates, Fees & Info

LA PORTE CITY, IA

LEI: 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

57

Origination Dollar Volume (All Markets)

$5,665,000

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) 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%
Cedar Valley Bank & Trust's top markets include Cedar Rapids, Waterloo, and Fort Madison among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $3,860,000 $113,529 $0 0.00%
    Refi 12 $1,230,000 $102,500 $0 0.00%
    Cash Out Refi 7 $425,000 $60,714 $0 0.00%
    Home Improvement 4 $150,000 $37,500 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,770,000 $46,579 $0 0.00%
    $100k-200k 14 $1,830,000 $130,714 $0 0.00%
    $200k-400k 3 $775,000 $258,333 $0 0.00%
    $400k-600k 1 $585,000 $585,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,350,000 $67,500 $0 0.00%
    $75k-100k 14 $1,380,000 $98,571 $0 0.00%
    $50k-75k 10 $700,000 $70,000 $0 0.00%
    $100k-150k 6 $1,440,000 $240,000 $0 0.00%
    $150k-250k 1 $245,000 $245,000 $0 0.00%
    $250k+ 1 $5,000 $5,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $5,075,000 $99,510 $0 0.00%
    Not applicable 5 $545,000 $109,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.75%

    Cedar Valley Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 56 $5,490,000 $98,036