Hills Bank And Trust Company Mortgage Rates, Fees & Info

Hills, IA

LEI: 549300ZWA6HRT4N1Z222

Tax ID: 42-0310580

5 stars - Updated: 4/5/25 - out of 5 stars, based on 46 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

    Hills Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Hills Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Iowa City, Cedar Rapids, Des Moines, Muscatine, and Ames among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hills Bank And Trust Company 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. Hills Bank And Trust Company 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 9.06% 4/5/25
    30 Year Conventional Purchase 6.44% 4/5/25
    30 Year Conventional Refi 6.26% 4/5/25
    30 Year Cash-out Refi 6.51% 4/5/25
    15 Year Conventional Purchase 5.91% 4/5/25
    15 Year Conventional Refi 5.55% 4/5/25
    15 Year Cash-out Refi 5.55% 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.

    Hills Bank And Trust Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Hills Bank And Trust Company. 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

    2,128

    Origination Dollar Volume (All Markets)

    $453,850,000
    Show all (6) awards

    Relative Rate

    Hills Bank And Trust Company's average 30 year fixed mortgage rate was 6.37%.

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

    This yields a difference of -0.18%.

    Relative Fees (Closing Costs)

    Hills Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $1,903.

    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
    IOWA CITY, IA (FHA|USDA|VA) 1,083 $234,635,000 $216,653 $1,699 7.13%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 842 $178,000,000 $211,401 $1,733 7.11%
    Outside of Metro Areas 144 $21,600,000 $150,000 $1,846 7.25%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 12 $11,270,000 $939,167 $1,760 6.54%
    Muscatine, IA (FHA|USDA|VA) 17 $2,145,000 $126,176 $1,397 7.56%
    AMES, IA (FHA|USDA|VA) 7 $1,565,000 $223,571 $1,959 7.19%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 8 $1,560,000 $195,000 $1,908 6.99%
    Fairfield, IA (FHA|USDA|VA) 7 $1,215,000 $173,571 $1,624 7.52%
    DUBUQUE, IA (FHA|USDA|VA) 3 $565,000 $188,333 $1,840 6.17%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $500,000 $250,000 $1,753 6.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $5,257 5.99%
    Clinton, IA (FHA|USDA|VA) 1 $215,000 $215,000 $1,938 6.13%
    Mason City, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,164 5.88%
    Hills Bank And Trust Company's top markets include Iowa City, Cedar Rapids, Des Moines, Muscatine, and Ames among others.

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

    • Similar Lenders

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

    Farmers State Bank
    Similarity Rank: 35
    Fidelity Bank & Trust
    Similarity Rank: 72
    RUHL MORTGAGE, LLC
    Similarity Rank: 80
    LINN AREA
    Similarity Rank: 84
    ASCENTRA
    Similarity Rank: 88
    Bankers Trust Company
    Similarity Rank: 140
    Hills Bank and Trust Company
    Similarity Rank: 221
    Collins Community Credit Union
    Similarity Rank: 364
    CBI Bank & Trust
    Similarity Rank: 832
    VERIDIAN CREDIT UNION
    Similarity Rank: 854

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,784 $430,680,000 $241,413 $1,724 6.78%
    HELOC 344 $23,170,000 $67,355 n/a 8.90%

    For 2024, Hills Bank And Trust Company's most frequently originated type of loan was Conventional, with 1,784 originations. Their 2nd most popular type was HELOC, with 344 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,594 $375,220,000 $235,395 $1,745 6.79%
    Home Improvement 231 $17,155,000 $74,264 $485 8.85%
    Refi 182 $47,220,000 $259,451 $1,607 7.33%
    Other 72 $3,620,000 $50,278 $550 9.01%
    Cash Out Refi 49 $10,635,000 $217,041 $1,877 6.44%

    For 2024, Hills Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 1,594 originations. The 2nd most popular reason was Home Improvement, with 231 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,144 $273,070,000 $238,698 $1,903 6.37%
    5 Year 454 $50,170,000 $110,507 $0 8.60%
    Other 271 $80,515,000 $297,103 $315 7.94%
    1 Year 130 $20,750,000 $159,615 $0 7.81%
    15 Year 101 $20,335,000 $201,337 $1,466 6.10%
    20 Year 17 $3,835,000 $225,588 $1,600 6.59%
    10 Year 9 $1,315,000 $146,111 $1,036 6.57%
    3 Year 2 $3,860,000 $1,930,000 $0 6.95%

    For 2024, Hills Bank And Trust Company's most frequently cited loan duration was 30 Year, with 1,144 originations. The 2nd most popular length was 5 Year, with 454 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,405 $293,835,000 $209,135
    $1k-2k 52 $14,190,000 $272,885
    $2k-3k 5 $1,165,000 $233,000
    $5k+ 2 $730,000 $365,000
    $4k-5k 1 $415,000 $415,000

    Hills Bank And Trust Company's average total fees were $1,903, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,405 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 737 $187,685,000 $254,661
    Over 8% 547 $53,805,000 $98,364
    7-8% 418 $98,260,000 $235,072
    5-6% 412 $96,900,000 $235,194
    4-5% 10 $3,820,000 $382,000
    3-4% 4 $13,380,000 $3,345,000

    During 2024, Hills Bank And Trust Company's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was 6-7%, with 737 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 666 $180,540,000 $271,081 $1,907 6.58%
    $100k-200k 658 $98,030,000 $148,982 $1,871 6.93%
    $100,000 or less 632 $29,920,000 $47,342 $817 8.07%
    $400k-600k 120 $56,500,000 $470,833 $2,053 6.55%
    $600k-1MM 36 $25,800,000 $716,667 $1,926 6.31%
    $1MM+ 16 $63,060,000 $3,941,250 $0 7.02%

    2024 saw Hills Bank And Trust Company place emphasis on $200k-400k loans with 666 originations, totaling $180,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 455 $89,235,000 $196,121 $1,758 7.07%
    $50k-75k 384 $56,330,000 $146,693 $1,694 6.81%
    $75k-100k 345 $57,145,000 $165,638 $1,692 7.00%
    $150k-250k 302 $75,200,000 $249,007 $1,783 7.05%
    $50k or less 251 $25,015,000 $99,661 $1,744 7.09%
    $250k+ 111 $36,515,000 $328,964 $1,806 6.93%

    Hills Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 455 originations. The second most popular income band? $50k-75k, with 384 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 387 $69,205,000 $178,824 $1,758 7.00%
    30-36% 327 $58,005,000 $177,385 $1,710 6.83%
    <20% 164 $22,820,000 $139,146 $1,760 7.74%
    39% 74 $12,550,000 $169,595 $1,675 7.14%
    42% 69 $15,105,000 $218,913 $1,702 6.75%
    43% 57 $11,885,000 $208,509 $1,897 6.73%
    44% 56 $11,490,000 $205,179 $1,711 6.72%
    38% 56 $10,290,000 $183,750 $1,703 6.89%
    36% 56 $8,800,000 $157,143 $1,758 7.06%
    49% 55 $12,015,000 $218,455 $1,784 6.42%
    41% 55 $11,985,000 $217,909 $1,786 6.65%
    48% 54 $11,940,000 $221,111 $1,857 6.47%
    50-60% 53 $12,185,000 $229,906 $1,354 7.02%
    47% 52 $11,540,000 $221,923 $1,666 6.56%
    45% 51 $11,565,000 $226,765 $1,672 6.74%
    46% 49 $10,585,000 $216,020 $1,750 6.68%
    37% 47 $10,205,000 $217,128 $1,945 6.85%
    40% 42 $9,410,000 $224,048 $1,738 6.97%
    >60% 22 $3,580,000 $162,727 $1,228 7.08%

    Hills Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 387 originations. The next most common DTI ratio? 30-36%, with 327 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,605 $293,835,000 $183,075 $1,735 6.99%
    Not applicable 227 $105,855,000 $466,322 $0 8.03%
    Not provided 154 $23,600,000 $153,247 $1,700 7.50%
    Asian 52 $12,920,000 $248,462 $1,773 6.74%
    Black 57 $9,955,000 $174,649 $1,535 6.87%
    Asian Indian 17 $5,525,000 $325,000 $1,789 6.11%
    American Indian 12 $1,830,000 $152,500 $1,380 6.88%
    Native Hawaiian or Islander 3 $175,000 $58,333 $1,063 8.13%
    Vietnamese 1 $155,000 $155,000 $0 6.88%

    Approval Rates

    Total approvals of all applications
    92.99%

    Hills Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.92%

    Hills Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,128 $453,850,000 $213,275

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,128 $453,850,000 $213,275

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 220 $29,360,000 $133,455 $1,667 8.01%
    40-60% 201 $39,985,000 $198,930 $1,869 7.05%
    60-80% 562 $148,750,000 $264,680 $1,892 6.88%
    80-100% 739 $184,755,000 $250,007 $1,921 6.51%
    Over 100% 1 $155,000 $155,000 $0 5.60%
    Under 20% 382 $17,230,000 $45,105 $273 8.18%