Hills Bank And Trust Company Mortgage Rates, Fees & InfoHills, IA
Tax ID: 42-0310580
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHills 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, Muscatine, Waterloo, and Fairfield among others. We have data for 19 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 an above 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||9/25/23|
|30 Year Conventional Purchase||6.50%||9/25/23|
|30 Year Conventional Refi||6.41%||9/25/23|
|30 Year Cash-out Refi||6.49%||9/25/23|
|15 Year Conventional Purchase||5.86%||9/25/23|
|15 Year Conventional Refi||5.84%||9/25/23|
|15 Year Cash-out Refi||5.84%||9/25/23|
|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 EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$728,655,000
Hills Bank and Trust Company - 2022
Hills Bank and Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Hills Bank And Trust Company's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.51%.
Relative Fees (Closing Costs)
Hills Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,415.
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 $4,750.
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)||2,036||$445,530,000||$218,826||$1,308||4.35%|
|CEDAR RAPIDS, IA (FHA|USDA|VA)||1,550||$232,050,000||$149,710||$1,270||4.68%|
|Outside of Metro Areas||238||$32,610,000||$137,017||$1,457||4.52%|
|Muscatine, IA (FHA|USDA|VA)||38||$5,030,000||$132,368||$1,132||4.59%|
|WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA)||26||$3,690,000||$141,923||$1,985||4.43%|
|Fairfield, IA (FHA|USDA|VA)||16||$2,280,000||$142,500||$1,775||4.51%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||2||$1,930,000||$965,000||$4,559||3.50%|
|DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA)||6||$1,420,000||$236,667||$1,961||4.84%|
|DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)||5||$915,000||$183,000||$1,882||5.18%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||2||$800,000||$400,000||$3,658||4.00%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$555,000||$555,000||$4,045||2.88%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||1||$465,000||$465,000||$2,927||3.38%|
|Mason City, IA (FHA|USDA|VA)||1||$375,000||$375,000||$2,166||3.13%|
|DUBUQUE, IA (FHA|USDA|VA)||1||$325,000||$325,000||$0||4.25%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||1||$245,000||$245,000||$0||3.75%|
|Pella, IA (FHA|USDA|VA)||1||$225,000||$225,000||$1,461||3.75%|
|Ottumwa, IA (FHA|USDA|VA)||1||$115,000||$115,000||$0||4.10%|
|Oskaloosa, IA (FHA|USDA|VA)||2||$70,000||$35,000||$161||3.70%|
|Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA)||1||$25,000||$25,000||$0||7.50%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Hills Bank And Trust Company's most frequently originated type of loan was Conventional, with 3,331 originations. Their 2nd most popular type was HELOC, with 598 originations.
For 2022, Hills Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 2,911 originations. The 2nd most popular reason was Home Improvement, with 414 originations.
For 2022, Hills Bank And Trust Company's most frequently cited loan duration was 30 Year, with 2,016 originations. The 2nd most popular length was 5 Year, with 932 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Hills Bank And Trust Company's average total fees were $1,415, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,515 originations.
During 2022, Hills Bank And Trust Company's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 1,211 originations.
2022 saw Hills Bank And Trust Company place emphasis on $100,000 or less loans with 1,523 originations, totaling $62,065,000 in origination value.
Hills Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 787 originations. The second most popular income band? $50k-75k, with 776 originations.
Applicant Debt to Income Ratio
Hills Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 669 originations. The next most common DTI ratio? 30-36%, with 605 originations.
Approval RatesTotal approvals of all applications
Hills Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Hills Bank And Trust Company has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|