West Bank Mortgage Rates, Fees & Info
West Des Moines, IALEI: 89Z2WRK82BORVH42CP71
Tax ID: 42-0592977
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
West Bank is a smaller bank specializing in Home Purchase and Refi loans. West Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Iowa City, St. Cloud, Rochester, and Mankato among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)West Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
75Origination Dollar Volume (All Markets)
$170,615,000Top 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 | 23 | $110,765,000 | $4,815,870 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 23 | $31,785,000 | $1,381,957 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 20 | $18,740,000 | $937,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 4 | $4,660,000 | $1,165,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 4 | $2,660,000 | $665,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $170,615,000 | $2,274,867 | $0 | 0.00% |
For 2022, West Bank's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2022, West Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $170,615,000 | $2,274,867 | $0 | 0.00% |
For 2022, West Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2022 saw West Bank place emphasis on $200k-400k loans with 20 originations, totaling $5,390,000 in origination value.
Applicant Income
West Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $170,615,000 | $2,274,867 | $0 | 0.00% |
West Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.73%
West Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.00%
West Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $170,615,000 | $2,274,867 |