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 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, Steamboat Springs, Riverton, and Laramie among others. We have data for 16 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 an above average pick rate when compared to similar lenders.
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Originations
222Origination Dollar Volume (All Markets)
$39,470,000Top 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 | 121 | $16,105,000 | $133,099 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 47 | $9,925,000 | $211,170 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 37 | $7,945,000 | $214,730 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 0.00% |
| Riverton, WY (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| Laramie, WY (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Craig, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Rock Springs, WY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Scottsbluff, NE (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
For 2023, Platte Valley Bank's most frequently originated type of loan was Conventional, with 191 originations. Their 2nd most popular type was FHA, with 15 originations.
Loan Reason
For 2023, Platte Valley Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 222 | $39,470,000 | $177,793 | $0 | 0.00% |
For 2023, Platte Valley Bank's most frequently cited loan duration was Other, with 222 originations.
Loan Sizing
2023 saw Platte Valley Bank place emphasis on $100,000 or less loans with 78 originations, totaling $3,350,000 in origination value.
Applicant Income
Platte Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $50k-75k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 222 | $39,470,000 | $177,793 | $0 | 0.00% |
Platte Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 222 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.40%
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 origination91.44%
Platte Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 222 | $39,470,000 | $177,793 |