Platte Valley Bank Mortgage Rates, Fees & Info
Torrington, WYLEI: 549300ZFJ1696ECS0S38
Tax ID: 47-0244065
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Platte Valley Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Platte Valley 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.) Their top markets by origination volume include: Cheyenne, Casper, Laramie, Scottsbluff, and Fort Collins among others. We have data for 11 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
234Origination Dollar Volume (All Markets)
$53,710,000Top 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 | 126 | $22,630,000 | $179,603 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 54 | $16,870,000 | $312,407 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 28 | $6,510,000 | $232,500 | $0 | 0.00% |
| Laramie, WY (FHA|USDA|VA) | 10 | $3,690,000 | $369,000 | $0 | 0.00% |
| Scottsbluff, NE (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Riverton, WY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
For 2022, Platte Valley Bank's most frequently originated type of loan was Conventional, with 202 originations. Their 2nd most popular type was USDA, with 15 originations.
Loan Reason
For 2022, Platte Valley Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 234 | $53,710,000 | $229,530 | $0 | 0.00% |
For 2022, Platte Valley Bank's most frequently cited loan duration was Other, with 234 originations.
Loan Sizing
2022 saw Platte Valley Bank place emphasis on $200k-400k loans with 80 originations, totaling $22,200,000 in origination value.
Applicant Income
Platte Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $75k-100k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 234 | $53,710,000 | $229,530 | $0 | 0.00% |
Platte Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
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 origination91.88%
Platte Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 234 | $53,710,000 | $229,530 |