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, Iowa City, Dubuque, Minneapolis, and Phoenix among others. We have data for 14 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.
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% | 4/28/24 |
| 30 Year Conventional Refi | 6.55% | 4/28/24 |
| 30 Year Cash-out Refi | 6.49% | 4/28/24 |
| 15 Year Conventional Purchase | 6.08% | 4/28/24 |
| 15 Year Conventional Refi | 6.19% | 4/28/24 |
| 15 Year Cash-out Refi | 6.19% | 4/28/24 |
| 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
116Origination Dollar Volume (All Markets)
$20,460,000Top 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) | 84 | $13,810,000 | $164,405 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $535,000 | $107,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $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 | 116 | $20,460,000 | $176,379 | $0 | 0.00% |
For 2019, Ohnward Bank & Trust's most frequently originated type of loan was Conventional, with 116 originations.
Loan Reason
For 2019, Ohnward Bank & Trust's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 116 | $20,460,000 | $176,379 | $0 | 0.00% |
For 2019, Ohnward Bank & Trust's most frequently cited loan duration was Other, with 116 originations.
Loan Sizing
2019 saw Ohnward Bank & Trust place emphasis on $100,000 or less loans with 40 originations, totaling $2,090,000 in origination value.
Applicant Income
Ohnward Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $20,460,000 | $176,379 | $0 | 0.00% |
Ohnward Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.56%
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 origination88.79%
Ohnward Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 116 | $20,460,000 | $176,379 |