Ohnward Bank & Trust Mortgage Rates, Fees & Info

CASCADE, IA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.82% 12/5/24
30 Year Conventional Refi 6.55% 12/5/24
30 Year Cash-out Refi 6.49% 12/5/24
15 Year Conventional Purchase 6.08% 12/5/24
15 Year Conventional Refi 6.19% 12/5/24
15 Year Cash-out Refi 6.19% 12/5/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ohnward Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

79

Origination Dollar Volume (All Markets)

$12,535,000

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) 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%
Ohnward Bank & Trust's top markets include Cedar Rapids, Des Moines, Dubuque, Fort Collins, and Marshalltown among others.

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

    Citizens State Bank
    Similarity Rank: 68
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    Two Rivers Bank & Trust
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    COMMUNITY 1ST CREDIT UNION
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    CBI Bank & Trust
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    BankIowa of Cedar Rapids
    Similarity Rank: 304
    MidWestOne Bank
    Similarity Rank: 328

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $6,930,000 $165,000 $0 0.00%
    Refi 26 $5,190,000 $199,615 $0 0.00%
    Home Improvement 8 $280,000 $35,000 $0 0.00%
    Other 3 $135,000 $45,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,220,000 $38,125 $0 0.00%
    $100k-200k 27 $3,815,000 $141,296 $0 0.00%
    $200k-400k 16 $4,150,000 $259,375 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%
    $1MM+ 1 $1,705,000 $1,705,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,390,000 $86,875 $0 0.00%
    $50k-75k 11 $1,035,000 $94,091 $0 0.00%
    $75k-100k 8 $1,060,000 $132,500 $0 0.00%
    $150k-250k 6 $830,000 $138,333 $0 0.00%
    $100k-150k 4 $390,000 $97,500 $0 0.00%
    $250k+ 3 $815,000 $271,667 $0 0.00%

    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 applications
    91.49%

    Ohnward Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.14%

    Ohnward Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $12,535,000 $158,671

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $4,745,000 $431,364
    Single Family (1-4 Units):Site-Built 68 $7,790,000 $114,559