Ohnward Bank & Trust Mortgage Rates, Fees & Info
CASCADE, IALEI: 549300XMCDBXHD84QD46
Tax ID: 42-0126270
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ohnward Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Ohnward Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Iowa City, North Port, Des Moines, and Dubuque among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Ohnward 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
202Origination Dollar Volume (All Markets)
$47,290,000Top 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) | 140 | $27,210,000 | $194,357 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 15 | $6,755,000 | $450,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $3,435,000 | $3,435,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 11 | $2,285,000 | $207,727 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,255,000 | $173,462 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ohnward Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 202 | $47,290,000 | $234,109 | $0 | 0.00% |
For 2024, Ohnward Bank & Trust's most frequently originated type of loan was Conventional, with 202 originations.
Loan Reason
For 2024, Ohnward Bank & Trust's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 202 | $47,290,000 | $234,109 | $0 | 0.00% |
For 2024, Ohnward Bank & Trust's most frequently cited loan duration was Other, with 202 originations.
Loan Sizing
2024 saw Ohnward Bank & Trust place emphasis on $200k-400k loans with 61 originations, totaling $17,265,000 in origination value.
Applicant Income
Ohnward Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 202 | $47,290,000 | $234,109 | $0 | 0.00% |
Ohnward Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.23%
Ohnward 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 origination86.14%
Ohnward Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 202 | $47,290,000 | $234,109 |