Guthrie County State Bank Mortgage Rates, Fees & Info
Panora, IALEI: 549300VI416LTAV9J614
Tax ID: 42-1193052
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Mortgage Data
Review & Overview
Guthrie County State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Guthrie County State Bank has a high proportion of conventional loans. Their top (well, only) market is Des Moines.Guthrie County State Bank 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. Guthrie County State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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Originations
32Origination Dollar Volume (All Markets)
$3,720,000Awards
Guthrie County State Bank - 2018
Guthrie County State Bank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 28 | $3,590,000 | $128,214 | $1,795 | 5.57% |
| Outside of Metro Areas | 4 | $130,000 | $32,500 | $922 | 6.02% |
Similar Lenders
We use machine learning to identify the top lenders compared against Guthrie County State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
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Similarity Rank: 450
Similarity Rank: 486
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $3,720,000 | $116,250 | $1,701 | 5.62% |
For 2018, Guthrie County State Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2018, Guthrie County State Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2018, Guthrie County State Bank's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 16 | $830,000 | $51,875 |
| $1k-2k | 5 | $845,000 | $169,000 |
| $2k-3k | 1 | $245,000 | $245,000 |
| $3k-4k | 1 | $305,000 | $305,000 |
| $5k+ | 1 | $525,000 | $525,000 |
Guthrie County State Bank's average total fees were $1,932, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 13 | $1,405,000 | $108,077 |
| 6-7% | 10 | $1,080,000 | $108,000 |
| 4-5% | 7 | $1,035,000 | $147,857 |
| 7-8% | 2 | $200,000 | $100,000 |
During 2018, Guthrie County State Bank's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 5-6%, with 13 originations.
Loan Sizing
2018 saw Guthrie County State Bank place emphasis on $100,000 or less loans with 21 originations, totaling $965,000 in origination value.
Applicant Income
Guthrie County State Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Guthrie County State Bank lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $3,455,000 | $119,138 | $1,663 | 5.64% |
| Not applicable | 3 | $265,000 | $88,333 | $2,739 | 5.44% |
Approval Rates
Total approvals of all applications97.06%
Guthrie County State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.88%
Guthrie County State Bank 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 |
|---|---|---|---|
| NA | 32 | $3,720,000 | $116,250 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 32 | $3,720,000 | $116,250 |