First Westroads Bank Mortgage Rates, Fees & Info
OMAHA, NELEI: 549300ZTZPT51D3DK456
Tax ID: 47-0497986
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Mortgage Data
Review & Overview
First Westroads Bank is a smaller bank specializing in Home Purchase loans. First Westroads Bank has a high proportion of conventional loans. Their top two markets are Omaha and Lawrence .First Westroads 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
32Origination Dollar Volume (All Markets)
$24,050,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 31 | $23,775,000 | $766,935 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $24,050,000 | $751,563 | $0 | 0.00% |
For 2024, First Westroads Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2024, First Westroads Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $24,050,000 | $751,563 | $0 | 0.00% |
For 2024, First Westroads Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2024 saw First Westroads Bank place emphasis on $100,000 or less loans with 8 originations, totaling $410,000 in origination value.
Applicant Income
First Westroads Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $24,050,000 | $751,563 | $0 | 0.00% |
First Westroads Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First Westroads 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 origination96.88%
First Westroads Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $24,050,000 | $751,563 |