Cedar Rapids Bank And Trust Company Mortgage Rates, Fees & Info
Cedar Rapids, IALEI: PS6WLKTYGZOKK05G5O59
Tax ID: 42-1524302
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Mortgage Data
Review & Overview
Cedar Rapids Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Cedar Rapids Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Cedar Rapids, Austin, Baton Rouge, and Atlanta among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Cedar Rapids Bank And 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.
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Originations
234Origination Dollar Volume (All Markets)
$523,610,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $87,490,000 | $21,872,500 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 145 | $65,745,000 | $453,414 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $56,015,000 | $18,671,667 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $33,910,000 | $16,955,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $31,465,000 | $6,293,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $25,405,000 | $8,468,333 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $21,640,000 | $10,820,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $20,595,000 | $4,119,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $19,000,000 | $9,500,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 3 | $17,745,000 | $5,915,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $15,700,000 | $7,850,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $12,125,000 | $12,125,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $11,780,000 | $5,890,000 | $0 | 0.00% |
| Salina, KS (FHA|USDA|VA) | 2 | $11,700,000 | $5,850,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $10,605,000 | $3,535,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $8,610,000 | $4,305,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $8,080,000 | $4,040,000 | $0 | 0.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $5,555,000 | $5,555,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $5,215,000 | $5,215,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $4,875,000 | $4,875,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $2,675,000 | $2,675,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $2,555,000 | $2,555,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $2,525,000 | $2,525,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 9 | $1,955,000 | $217,222 | $0 | 0.00% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,095,000 | $219,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 234 | $523,610,000 | $2,237,650 | $0 | 0.00% |
For 2022, Cedar Rapids Bank And Trust Company's most frequently originated type of loan was Conventional, with 234 originations.
Loan Reason
For 2022, Cedar Rapids Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 234 | $523,610,000 | $2,237,650 | $0 | 0.00% |
For 2022, Cedar Rapids Bank And Trust Company's most frequently cited loan duration was Other, with 234 originations.
Loan Sizing
2022 saw Cedar Rapids Bank And Trust Company place emphasis on $100k-200k loans with 59 originations, totaling $8,635,000 in origination value.
Applicant Income
Cedar Rapids Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k or less, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 234 | $523,610,000 | $2,237,650 | $0 | 0.00% |
Cedar Rapids Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.88%
Cedar Rapids Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination80.34%
Cedar Rapids Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 234 | $523,610,000 | $2,237,650 |