West Bank Mortgage Rates, Fees & InfoWest Des Moines, IA
Tax ID: 42-0592977
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewWest 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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Origination Dollar Volume (All Markets)$170,615,000
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%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, West Bank's most frequently originated type of loan was Conventional, with 75 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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 Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, West Bank's most frequently cited loan duration was Other, with 75 originations.
2022 saw West Bank place emphasis on $200k-400k loans with 20 originations, totaling $5,390,000 in origination value.
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|
West Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
West Bank has an average approval rate.
Pick RateApprovals leading to origination
West Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|