Lincoln Savings Bank Mortgage Rates, Fees & Info

Reinbeck, IA

LEI: 549300XY02VS45I5ZZ90

Tax ID: 42-0380690

5 stars - Updated: 4/5/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lincoln Savings Bank is a smaller bank specializing in Home Purchase loans. Lincoln Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Des Moines, Waterloo, Cedar Rapids, Storm Lake, and Minneapolis among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lincoln Savings Bank 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. Lincoln Savings 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 about average 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.

    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 6.84% 4/5/25
    30 Year Conventional Refi 6.80% 4/5/25
    30 Year FHA Purchase 7.51% 4/5/25
    30 Year FHA Refi 7.90% 4/5/25
    30 Year VA Purchase 6.24% 4/5/25
    30 Year USDA Purchase 6.44% 4/5/25
    15 Year Conventional Purchase 6.06% 4/5/25
    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.

    Lincoln Savings Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Lincoln Savings Bank. 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

    352

    Origination Dollar Volume (All Markets)

    $104,830,000

    Awards

    Lincoln Savings Bank FHA Loans gold Lincoln Savings Bank 30 Year Conventional Loans silver Lincoln Savings Bank 30 Year Conventional Loans bronze Lincoln Savings Bank FHA Loans gold
    Show all (4) awards

    Relative Rate

    Lincoln Savings Bank's average 30 year fixed mortgage rate was 6.66%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    Lincoln Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,886.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 160 $63,270,000 $395,438 $4,147 6.68%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 93 $17,055,000 $183,387 $3,153 6.99%
    Outside of Metro Areas 59 $11,615,000 $196,864 $3,128 7.02%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 7 $2,085,000 $297,857 $4,749 6.63%
    Storm Lake, IA (FHA|USDA|VA) 3 $1,985,000 $661,667 $2,537 8.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,150,000 $575,000 $4,272 6.44%
    AMES, IA (FHA|USDA|VA) 6 $1,080,000 $180,000 $2,357 7.09%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $685,000 $685,000 $0 7.75%
    LAWRENCE, KS (FHA|USDA|VA) 1 $645,000 $645,000 $0 7.15%
    IOWA CITY, IA (FHA|USDA|VA) 3 $625,000 $208,333 $4,022 7.13%
    Carroll, IA (FHA|USDA|VA) 2 $600,000 $300,000 $4,946 6.73%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $540,000 $270,000 $3,530 6.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,058 7.13%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $485,000 $485,000 $4,180 5.88%
    ROCHESTER, MN (FHA|USDA|VA) 1 $405,000 $405,000 $3,272 7.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $395,000 $395,000 $9,263 5.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $6,996 7.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $295,000 $295,000 $3,343 5.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $5,684 5.88%
    Marshalltown, IA (FHA|USDA|VA) 2 $240,000 $120,000 $2,323 7.11%
    Pella, IA (FHA|USDA|VA) 1 $195,000 $195,000 $3,417 5.88%
    Muscatine, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,606 6.38%
    Maryville, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.80%
    Fairmont, MN (FHA|USDA|VA) 1 $45,000 $45,000 $2,545 6.50%
    Lincoln Savings Bank's top markets include Des Moines, Waterloo, Cedar Rapids, Storm Lake, and Minneapolis among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Lincoln Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank
    Similarity Rank: 42
    FINANCIAL PLUS Credit Union
    Similarity Rank: 72
    Fidelity Bank & Trust
    Similarity Rank: 84
    CEDAR FALLS COMMUNITY CREDIT UNION
    Similarity Rank: 171
    Bankers Trust Company
    Similarity Rank: 300
    GREATER IOWA CREDIT UNION
    Similarity Rank: 330
    Tradesmen Community Credit Union
    Similarity Rank: 360
    Collins Community Credit Union
    Similarity Rank: 442
    Farmers State Bank
    Similarity Rank: 444
    Luana Savings Bank
    Similarity Rank: 570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 316 $96,720,000 $306,076 $3,292 6.88%
    FHA 24 $5,010,000 $208,750 $6,615 6.68%
    VA 7 $2,345,000 $335,000 $7,833 6.13%
    USDA 5 $755,000 $151,000 $4,271 5.90%

    For 2024, Lincoln Savings Bank's most frequently originated type of loan was Conventional, with 316 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 304 $90,960,000 $299,211 $3,795 6.78%
    Refi 40 $9,920,000 $248,000 $2,499 7.11%
    Other 6 $1,620,000 $270,000 $3,564 7.71%
    Home Improvement 2 $2,330,000 $1,165,000 $0 7.20%

    For 2024, Lincoln Savings Bank's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 272 $73,330,000 $269,596 $3,886 6.66%
    10 Year 28 $6,340,000 $226,429 $854 7.49%
    5 Year 28 $20,890,000 $746,071 $271 7.36%
    20 Year 12 $1,150,000 $95,833 $521 7.49%
    15 Year 5 $1,485,000 $297,000 $3,182 6.43%
    Other 5 $735,000 $147,000 $0 8.15%
    1 Year 2 $900,000 $450,000 $0 8.63%

    For 2024, Lincoln Savings Bank's most frequently cited loan duration was 30 Year, with 272 originations. The 2nd most popular length was 10 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 134 $29,900,000 $223,134
    $1k-2k 73 $14,915,000 $204,315
    $2k-3k 44 $13,000,000 $295,455
    $5k+ 15 $7,745,000 $516,333
    $3k-4k 12 $4,640,000 $386,667
    $4k-5k 11 $4,945,000 $449,545

    Lincoln Savings Bank's average total fees were $3,886, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 184 $62,770,000 $341,141
    7-8% 105 $26,745,000 $254,714
    5-6% 47 $12,195,000 $259,468
    Over 8% 16 $3,120,000 $195,000

    During 2024, Lincoln Savings Bank's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 120 $32,280,000 $269,000 $4,387 6.75%
    $100k-200k 108 $16,250,000 $150,463 $3,295 6.75%
    $100,000 or less 56 $3,430,000 $61,250 $1,832 7.23%
    $400k-600k 39 $18,545,000 $475,513 $4,124 6.76%
    $600k-1MM 21 $14,705,000 $700,238 $4,373 6.88%
    $1MM+ 8 $19,620,000 $2,452,500 $9,453 6.84%

    2024 saw Lincoln Savings Bank place emphasis on $200k-400k loans with 120 originations, totaling $32,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $17,455,000 $268,538 $4,334 6.79%
    $50k-75k 63 $11,045,000 $175,317 $3,325 6.64%
    $50k or less 53 $6,045,000 $114,057 $2,787 6.85%
    $150k-250k 47 $17,885,000 $380,532 $3,381 6.89%
    $75k-100k 46 $9,230,000 $200,652 $4,128 6.77%
    $250k+ 30 $15,990,000 $533,000 $4,502 6.71%

    Lincoln Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $50k-75k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $10,740,000 $233,478 $3,501 6.74%
    30-36% 42 $9,990,000 $237,857 $3,378 6.58%
    49% 25 $7,845,000 $313,800 $3,714 6.65%
    46% 17 $3,855,000 $226,765 $3,669 7.05%
    39% 17 $4,225,000 $248,529 $3,700 6.76%
    44% 16 $4,220,000 $263,750 $3,978 6.70%
    42% 14 $4,930,000 $352,143 $4,245 7.01%
    <20% 13 $3,575,000 $275,000 $2,581 7.02%
    38% 12 $3,120,000 $260,000 $3,794 6.84%
    47% 12 $2,920,000 $243,333 $3,525 6.81%
    41% 12 $3,260,000 $271,667 $4,127 6.73%
    50-60% 11 $3,445,000 $313,182 $4,863 6.56%
    43% 11 $3,775,000 $343,182 $4,287 6.84%
    37% 11 $2,755,000 $250,455 $3,551 6.71%
    48% 10 $2,270,000 $227,000 $4,156 6.71%
    45% 9 $1,765,000 $196,111 $4,454 6.55%
    36% 8 $1,780,000 $222,500 $2,900 6.50%
    40% 5 $1,145,000 $229,000 $3,247 6.70%

    Lincoln Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 225 $49,825,000 $221,444 $3,613 6.77%
    Not applicable 48 $27,180,000 $566,250 $0 7.27%
    Not provided 55 $22,035,000 $400,636 $3,910 6.76%
    Asian 11 $2,945,000 $267,727 $3,715 6.87%
    Black 13 $2,845,000 $218,846 $4,108 6.84%

    Approval Rates

    Total approvals of all applications
    97.26%

    Lincoln Savings 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 origination
    88.92%

    Lincoln Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 352 $104,830,000 $297,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    352 $104,830,000 $297,813

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $3,190,000 $199,375 $2,653 6.91%
    40-60% 39 $11,465,000 $293,974 $3,873 6.93%
    60-80% 95 $37,685,000 $396,684 $3,681 6.80%
    80-100% 183 $46,715,000 $255,273 $3,982 6.72%
    Over 100% 1 $2,005,000 $2,005,000 $0 6.27%
    Under 20% 18 $3,770,000 $209,444 $603 8.07%