Ohnward Bank & Trust Mortgage Rates, Fees & Info
CASCADE, IALEI: 549300XMCDBXHD84QD46
Tax ID: 42-0126270
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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, Des Moines, Dubuque, Fort Collins, and Marshalltown among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/21/24 |
| 30 Year Conventional Refi | 6.55% | 4/21/24 |
| 30 Year Cash-out Refi | 6.49% | 4/21/24 |
| 15 Year Conventional Purchase | 6.08% | 4/21/24 |
| 15 Year Conventional Refi | 6.19% | 4/21/24 |
| 15 Year Cash-out Refi | 6.19% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Ohnward Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
79Origination Dollar Volume (All Markets)
$12,535,000Top 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) | 55 | $9,475,000 | $172,273 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,080,000 | $108,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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 | 79 | $12,535,000 | $158,671 | $0 | 0.00% |
For 2018, Ohnward Bank & Trust's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
For 2018, Ohnward Bank & Trust's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $12,535,000 | $158,671 | $0 | 0.00% |
For 2018, Ohnward Bank & Trust's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2018 saw Ohnward Bank & Trust place emphasis on $100,000 or less loans with 32 originations, totaling $1,220,000 in origination value.
Applicant Income
Ohnward Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $12,535,000 | $158,671 | $0 | 0.00% |
Ohnward Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $6,380,000 | $118,148 | $0 | 0.00% |
| Not applicable | 25 | $6,155,000 | $246,200 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.49%
Ohnward Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination91.14%
Ohnward Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $12,535,000 | $158,671 |