Bankers Trust Company Mortgage Rates, Fees & Info

Des Moines, IA

LEI: II61D6IY86YZ37HBBL25

Tax ID: 42-0127385

5 stars - Updated: 10/29/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bankers Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Bankers Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Des Moines, Omaha, Phoenix, Ames, and Cedar Rapids among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bankers Trust Company 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. Bankers 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 relatively high 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) 6.27% 10/29/24
30 Year Conventional Purchase 6.05% 10/29/24
30 Year Conventional Refi 6.01% 10/29/24
30 Year Cash-out Refi 6.41% 10/29/24
30 Year FHA Purchase 7.05% 10/29/24
30 Year FHA Refi 6.27% 10/29/24
30 Year VA Purchase 6.27% 10/29/24
30 Year USDA Purchase 6.20% 10/29/24
15 Year Conventional Purchase 5.48% 10/29/24
15 Year Conventional Refi 5.43% 10/29/24
15 Year Cash-out Refi 5.43% 10/29/24
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.

Bankers Trust Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bankers 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

573

Origination Dollar Volume (All Markets)

$260,565,000
Show all (10) awards

Relative Rate

Bankers Trust Company's average 30 year fixed mortgage rate was 5.79%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.69%.

Relative Fees (Closing Costs)

Bankers Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $3,145.

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 $9,089.

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
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 349 $139,225,000 $398,926 $2,171 6.54%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $45,460,000 $11,365,000 $4,162 7.27%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 75 $33,425,000 $445,667 $4,576 6.38%
AMES, IA (FHA|USDA|VA) 30 $11,580,000 $386,000 $1,826 6.03%
CEDAR RAPIDS, IA (FHA|USDA|VA) 71 $10,765,000 $151,620 $1,487 6.43%
Spirit Lake, IA (FHA|USDA|VA) 5 $4,185,000 $837,000 $2,340 6.67%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 6.99%
IOWA CITY, IA (FHA|USDA|VA) 12 $2,980,000 $248,333 $1,775 6.66%
Outside of Metro Areas 3 $1,785,000 $595,000 $1,424 7.83%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $1,200,000 $600,000 $0 5.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $725,000 $725,000 $4,364 5.88%
Starkville, MS (FHA|USDA|VA) 1 $655,000 $655,000 $4,150 6.63%
Show Low, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $0 6.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $465,000 $465,000 $5,108 7.38%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $440,000 $220,000 $2,113 6.68%
Mason City, IA (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 6.75%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $375,000 $375,000 $2,312 6.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $325,000 $325,000 $3,340 6.49%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $245,000 $245,000 $2,832 6.50%
Branson, MO (FHA|USDA|VA) 1 $235,000 $235,000 $2,870 6.50%
TUCSON, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $217 7.25%
MOBILE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,008 5.99%
Fairfield, IA (FHA|USDA|VA) 1 $225,000 $225,000 $3,418 6.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.75%
Marshalltown, IA (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.99%
Bankers Trust Company's top markets include Des Moines, Omaha, Phoenix, Ames, and Cedar Rapids among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Bankers 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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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $210,125,000 $675,643 $2,423 6.06%
    HELOC 260 $50,020,000 $192,385 n/a 7.02%
    FHA 2 $420,000 $210,000 $6,298 6.19%

    For 2023, Bankers Trust Company's most frequently originated type of loan was Conventional, with 311 originations. Their 2nd most popular type was HELOC, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 236 $149,180,000 $632,119 $2,972 5.93%
    Other 158 $28,760,000 $182,025 $135 7.01%
    Refi 108 $72,490,000 $671,204 $1,969 6.59%
    Home Improvement 63 $8,095,000 $128,492 $93 7.19%
    Cash Out Refi 8 $2,040,000 $255,000 $2,673 6.27%

    For 2023, Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 236 originations. The 2nd most popular reason was Other, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 235 $41,785,000 $177,809 $281 6.71%
    30 Year 206 $97,480,000 $473,204 $3,145 5.79%
    5 Year 64 $56,120,000 $876,875 $97 7.91%
    15 Year 48 $56,530,000 $1,177,708 $1,025 6.69%
    20 Year 13 $7,355,000 $565,769 $3,012 5.66%
    Other 6 $1,090,000 $181,667 $993 7.54%
    1 Year 1 $205,000 $205,000 $0 8.50%

    For 2023, Bankers Trust Company's most frequently cited loan duration was 10 Year, with 235 originations. The 2nd most popular length was 30 Year, with 206 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 276 $101,710,000 $368,514
    $1k-2k 8 $2,480,000 $310,000
    $5k+ 7 $5,925,000 $846,429
    $2k-3k 6 $3,590,000 $598,333
    $3k-4k 4 $1,720,000 $430,000
    $4k-5k 2 $1,050,000 $525,000

    Bankers Trust Company's average total fees were $3,145, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 276 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 201 $71,395,000 $355,199
    6-7% 179 $51,665,000 $288,631
    Over 8% 85 $16,545,000 $194,647
    7-8% 48 $54,880,000 $1,143,333
    4-5% 40 $24,180,000 $604,500
    3-4% 17 $40,055,000 $2,356,176
    2.5-3% 3 $1,845,000 $615,000

    During 2023, Bankers Trust Company's average interest rate for loans was 5.79%, while their most frequently originated rate bucket for loans was 5-6%, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 170 $7,820,000 $46,000 $342 7.14%
    $200k-400k 162 $47,550,000 $293,519 $2,746 6.36%
    $100k-200k 107 $15,275,000 $142,757 $1,956 6.26%
    $400k-600k 62 $29,610,000 $477,581 $3,064 6.02%
    $600k-1MM 49 $36,385,000 $742,551 $3,236 6.23%
    $1MM+ 23 $123,925,000 $5,388,043 $5,935 5.71%

    2023 saw Bankers Trust Company place emphasis on $100,000 or less loans with 170 originations, totaling $7,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 176 $94,880,000 $539,091 $3,058 6.40%
    $150k-250k 121 $32,305,000 $266,983 $2,250 6.59%
    $100k-150k 112 $20,300,000 $181,250 $2,200 6.57%
    $75k-100k 53 $6,135,000 $115,755 $1,746 6.75%
    $50k-75k 52 $6,390,000 $122,885 $2,330 6.31%
    $50k or less 37 $3,215,000 $86,892 $2,062 6.38%

    Bankers Trust Company lent most frequently to those with incomes in the $250k+ range, with 176 originations. The second most popular income band? $150k-250k, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 149 $45,885,000 $307,953 $2,146 6.43%
    30-36% 122 $36,880,000 $302,295 $2,293 6.53%
    <20% 87 $23,645,000 $271,782 $2,040 6.71%
    37% 41 $12,055,000 $294,024 $2,445 6.40%
    42% 31 $10,755,000 $346,935 $3,577 6.23%
    41% 30 $8,920,000 $297,333 $2,254 6.67%
    40% 28 $7,180,000 $256,429 $3,145 6.17%
    38% 20 $3,850,000 $192,500 $2,154 7.14%
    36% 19 $7,915,000 $416,579 $3,474 6.06%
    39% 17 $5,805,000 $341,471 $2,925 6.33%
    43% 5 $1,235,000 $247,000 $5,027 6.59%
    50-60% 4 $960,000 $240,000 $1,965 6.78%
    44% 2 $420,000 $210,000 $4,713 5.62%
    45% 2 $200,000 $100,000 $2,345 6.68%
    47% 2 $450,000 $225,000 $5,158 6.56%
    48% 1 $105,000 $105,000 $5,102 5.25%
    46% 1 $105,000 $105,000 $2,122 6.38%
    >60% 1 $175,000 $175,000 $0 8.00%

    Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 497 $147,675,000 $297,133 $2,378 6.49%
    Not applicable 10 $93,880,000 $9,388,000 $0 6.36%
    Not provided 36 $11,430,000 $317,500 $2,976 6.71%
    Asian 21 $5,775,000 $275,000 $2,859 6.25%
    Black 7 $1,515,000 $216,429 $3,406 6.76%
    Asian Indian 1 $225,000 $225,000 $3,418 6.25%
    American Indian 1 $65,000 $65,000 $0 6.99%

    Approval Rates

    Total approvals of all applications
    89.59%

    Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.42%

    Bankers Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 573 $260,565,000 $454,738

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    573 $260,565,000 $454,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 125 $29,915,000 $239,320 $1,522 6.88%
    40-60% 73 $35,465,000 $485,822 $2,501 6.44%
    60-80% 110 $126,600,000 $1,150,909 $3,362 6.01%
    80-100% 120 $57,970,000 $483,083 $2,887 5.97%
    Over 100% 1 $1,045,000 $1,045,000 $4,809 6.25%
    Under 20% 144 $9,570,000 $66,458 $161 7.01%