Platte Valley Bank Mortgage Rates, Fees & Info
Torrington, WYLEI: 549300ZFJ1696ECS0S38
Tax ID: 47-0244065
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Mortgage Data
Review & Overview
Platte Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Platte Valley Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cheyenne, Casper, Phoenix, Scottsbluff, and Laramie among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Platte Valley 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.
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Originations
159Origination Dollar Volume (All Markets)
$34,835,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 77 | $15,195,000 | $197,338 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 34 | $8,080,000 | $237,647 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 37 | $7,825,000 | $211,486 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| Scottsbluff, NE (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| Laramie, WY (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
For 2024, Platte Valley Bank's most frequently originated type of loan was Conventional, with 134 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2024, Platte Valley Bank's most frequently cited loan purpose was Home Purchase, with 99 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 | 159 | $34,835,000 | $219,088 | $0 | 0.00% |
For 2024, Platte Valley Bank's most frequently cited loan duration was Other, with 159 originations.
Loan Sizing
2024 saw Platte Valley Bank place emphasis on $200k-400k loans with 64 originations, totaling $17,760,000 in origination value.
Applicant Income
Platte Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k-75k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 159 | $34,835,000 | $219,088 | $0 | 0.00% |
Platte Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 159 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.98%
Platte Valley 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 origination79.87%
Platte Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 159 | $34,835,000 | $219,088 |