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, Refi, and Cash Out Refi loans. Cedar Valley Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Waterloo, Fort Madison, and Ames among others. We have data for 5 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
63Origination Dollar Volume (All Markets)
$6,985,000Top 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) | 47 | $5,445,000 | $115,851 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 7 | $705,000 | $100,714 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $485,000 | $69,286 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $6,985,000 | $110,873 | $0 | 0.00% |
For 2019, Cedar Valley Bank & Trust's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2019, Cedar Valley Bank & Trust's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $6,985,000 | $110,873 | $0 | 0.00% |
For 2019, Cedar Valley Bank & Trust's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2019 saw Cedar Valley Bank & Trust place emphasis on $100,000 or less loans with 35 originations, totaling $1,935,000 in origination value.
Applicant Income
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? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $6,985,000 | $110,873 | $0 | 0.00% |
Cedar Valley Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 61 | $6,485,000 | $106,311 | $0 | 0.00% |
| Not applicable | 2 | $500,000 | $250,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination88.89%
Cedar Valley Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $6,985,000 | $110,873 |