AMES Mortgage Rates
30 Year Fixed Rate mortgages in Ames averaged
5.17%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.24% and
one month ago for the week of 2022-04-07, the
average rate was 4.89%.
Ames's average rate one year ago was 3.14%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Ames 30 Year Fixed Rate | 2022-05-12 | 5.17% |
| Ames 30 Year Fixed Rate Refi | 2022-05-12 | 5.46% |
| Ames 15 Year Fixed Rate | 2022-05-12 | 4.6% |
| Ames 15 Year Fixed Rate Refi | 2022-05-12 | 4.61% |
| Ames 30 Year FHA | 2022-05-12 | 5.28% |
| Ames 30 Year FHA Refi | 2022-05-12 | 5.32% |
| Ames 30 Year USDA | 2022-05-12 | 5.17% |
| Ames 30 Year USDA Refi | 2022-05-12 | 5.14% |
| Ames 30 Year VA | 2022-05-12 | 5.23% |
| Ames 30 Year VA Refi | 2022-05-12 | 5.15% |
AMES Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the AMES, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
AMES, IA's 140 lenders originated 4,599
loans during 2021. The total origination value was $1,458,035,000, with an average loan value of
$317,033.
The top AMES lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with
337 loans originated. Their average total fees are
$1,933, which is $302
lower than the next largest lender,
Wells Fargo Bank.
The lowest fee AMES lenders (with over 10 loans originated) are
Luana Savings Bank ($1,293), VisionBank of Iowa ($1,571), Collins Community Credit Union ($1,598), GREATER IOWA CREDIT UNION ($1,673) and VERIDIAN CREDIT UNION ($1,754).
The lowest rate AMES lenders (with over 10 loans originated) are
Fidelity Bank (2.70%), Bankers Trust Company (2.75%), Truist Bank (2.87%), Midwest Heritage Bank FSB (2.91%) and Luana Savings Bank (2.91%).
AMES, IA Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| JPMorgan Chase Bank | $2,445,000 | $491,585,000 | 20,005.7% | 33.7% |
| IOWA BANKERS MORTGAGE CORPORATION | $131,075,000 | $117,610,000 | -10.3% | 8.1% |
| Wells Fargo Bank | $61,210,000 | $76,150,000 | 24.4% | 5.2% |
| VisionBank of Iowa | $78,095,000 | $55,580,000 | -28.8% | 3.8% |
| QUICKEN LOANS, LLC | $32,950,000 | $39,505,000 | 19.9% | 2.7% |
| INLANTA MORTGAGE, INC. | $37,330,000 | $36,375,000 | -2.6% | 2.5% |
| U.S. Bank | $28,980,000 | $33,290,000 | 14.9% | 2.3% |
| GREATER IOWA CREDIT UNION | $43,075,000 | $31,820,000 | -26.1% | 2.2% |
| Bankers Trust Company | $23,200,000 | $31,590,000 | 36.2% | 2.2% |
| GREENSTATE CREDIT UNION | $19,900,000 | $30,155,000 | 51.5% | 2.1% |
| First National Bank, Ames, Iowa | $56,040,000 | $26,610,000 | -52.5% | 1.8% |
| Luana Savings Bank | $47,255,000 | $26,565,000 | -43.8% | 1.8% |
| Green Belt Bank & Trust | $5,945,000 | $24,060,000 | 304.7% | 1.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $21,660,000 | $21,250,000 | -1.9% | 1.5% |
| Northwest Bank | $16,140,000 | $19,130,000 | 18.5% | 1.3% |
| Lincoln Savings Bank | $17,640,000 | $19,070,000 | 8.1% | 1.3% |
| VERIDIAN CREDIT UNION | $23,105,000 | $18,475,000 | -20.0% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $16,580,000 | $16,685,000 | 0.6% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $9,560,000 | $15,265,000 | 59.7% | 1.0% |
| Great Western Bank | $14,215,000 | $13,910,000 | -2.1% | 1.0% |
| Availa Bank | $11,805,000 | $12,080,000 | 2.3% | 0.8% |
| Truist Bank | $8,495,000 | $11,165,000 | 31.4% | 0.8% |
| LAND HOME FINANCIAL SERVICES, INC. | $11,540,000 | $9,720,000 | -15.8% | 0.7% |
| MEMBERS1st Community Credit Union | $11,345,000 | $9,005,000 | -20.6% | 0.6% |
| Mortgage Research Center, LLC | $6,770,000 | $8,865,000 | 30.9% | 0.6% |
| FRONTIER FINANCIAL, INC. | $10,685,000 | $8,760,000 | -18.0% | 0.6% |
| RIVER VALLEY CREDIT UNION | $14,930,000 | $8,740,000 | -41.5% | 0.6% |
| Fidelity Bank | $8,150,000 | $7,755,000 | -4.8% | 0.5% |
| GERSHMAN INVESTMENT CORP. | $10,140,000 | $6,760,000 | -33.3% | 0.5% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $6,695,000 | n/a | 0.5% | |
| Farmers State Bank | $225,000 | $6,585,000 | 2,826.7% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,585,000 | $6,190,000 | 139.5% | 0.4% |
| Grandbridge Real Estate Capital LLC | $6,075,000 | n/a | 0.4% | |
| Community Choice Credit Union | $6,725,000 | $6,045,000 | -10.1% | 0.4% |
| Peoples Bank | $1,300,000 | $5,880,000 | 352.3% | 0.4% |
| CALIBER HOME LOANS, INC. | $2,950,000 | $5,760,000 | 95.3% | 0.4% |
| Midwest Heritage Bank FSB | $7,965,000 | $5,705,000 | -28.4% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,620,000 | $5,380,000 | 232.1% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $3,495,000 | $5,175,000 | 48.1% | 0.4% |
| Premier Credit Union | $3,390,000 | $5,030,000 | 48.4% | 0.3% |
| BETTER MORTGAGE CORPORATION | $3,475,000 | $4,640,000 | 33.5% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $1,645,000 | $4,615,000 | 180.5% | 0.3% |
| HOMESERVICES LENDING, LLC | $4,140,000 | $4,390,000 | 6.0% | 0.3% |
| Chickasaw Community Bank | $5,945,000 | $4,260,000 | -28.3% | 0.3% |
| NEWREZ LLC | $1,250,000 | $4,210,000 | 236.8% | 0.3% |
| LOANDEPOT.COM, LLC | $3,900,000 | $4,140,000 | 6.2% | 0.3% |
| Collins Community Credit Union | $4,965,000 | $4,075,000 | -17.9% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $3,830,000 | $4,045,000 | 5.6% | 0.3% |
| GNB Bank | $3,910,000 | $3,910,000 | 0.0% | 0.3% |
| GUILD MORTGAGE COMPANY | $4,675,000 | $3,885,000 | -16.9% | 0.3% |
| Capitol Federal Savings Bank | $680,000 | $3,750,000 | 451.5% | 0.3% |
| Pinnacle Bank | $3,285,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $840,000 | $3,275,000 | 289.9% | 0.2% |
| Farm Credit Mid-America, ACA | $7,275,000 | $3,125,000 | -57.0% | 0.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,080,000 | $3,105,000 | 187.5% | 0.2% |
| Bank of the West | $2,355,000 | $3,035,000 | 28.9% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,330,000 | $2,990,000 | 124.8% | 0.2% |
| United Bank of Iowa | $1,745,000 | $2,785,000 | 59.6% | 0.2% |
| STEARNS LENDING, LLC | $2,215,000 | $2,690,000 | 21.4% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $1,225,000 | $2,670,000 | 118.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,670,000 | $2,650,000 | 58.7% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,235,000 | $2,600,000 | 110.5% | 0.2% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $1,175,000 | $2,525,000 | 114.9% | 0.2% |
| GUARANTEED RATE, INC. | $475,000 | $2,410,000 | 407.4% | 0.2% |
| Raccoon Valley Bank | $7,290,000 | $2,390,000 | -67.2% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,335,000 | $2,385,000 | 78.7% | 0.2% |
| Gateway First Bank | $430,000 | $2,150,000 | 400.0% | 0.1% |
| The Federal Savings Bank | $1,555,000 | $2,135,000 | 37.3% | 0.1% |
| Fortress Bank | $2,140,000 | $2,110,000 | -1.4% | 0.1% |
| Central Bank | $1,270,000 | $2,085,000 | 64.2% | 0.1% |
| Bank of America | $1,670,000 | $2,070,000 | 24.0% | 0.1% |
| Bank Iowa | $1,770,000 | $1,990,000 | 12.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,200,000 | $1,805,000 | 50.4% | 0.1% |
| USAA Federal Savings Bank | $2,515,000 | $1,695,000 | -32.6% | 0.1% |
| AMCAP MORTGAGE, LTD. | $400,000 | $1,680,000 | 320.0% | 0.1% |
| Deere Employees Credit Union | $2,885,000 | $1,635,000 | -43.3% | 0.1% |
| DUPACO COMMUNITY | $1,755,000 | $1,480,000 | -15.7% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $1,035,000 | $1,445,000 | 39.6% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $2,285,000 | $1,440,000 | -37.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,335,000 | $1,360,000 | 1.9% | 0.1% |
| Carrington Mortgage Services, LLC | $1,600,000 | $1,215,000 | -24.1% | 0.1% |
| DAS Acquisition Company, LLC | $1,180,000 | $1,135,000 | -3.8% | 0.1% |
| Heritage Bank | $460,000 | $1,105,000 | 140.2% | 0.1% |
| MidWestOne Bank | $1,225,000 | $1,105,000 | -9.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $925,000 | $1,090,000 | 17.8% | 0.1% |
| Low VA Rates, LLC | $410,000 | $1,065,000 | 159.8% | 0.1% |
| Ixonia Bank | $665,000 | $1,040,000 | 56.4% | 0.1% |
| The Central Trust Bank | $1,030,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $660,000 | $1,010,000 | 53.0% | 0.1% |
| Servion, Inc. | $890,000 | $1,005,000 | 12.9% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,315,000 | $945,000 | -59.2% | 0.1% |
| Regions Bank | $1,040,000 | $925,000 | -11.1% | 0.1% |
| COMPASS MORTGAGE, INC. | $440,000 | $905,000 | 105.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $190,000 | $860,000 | 352.6% | 0.1% |
| HOMESTEAD FUNDING CORP. | $840,000 | n/a | 0.1% | |
| Plains Commerce Bank | $820,000 | n/a | 0.1% | |
| Bell Bank | $390,000 | $790,000 | 102.6% | 0.1% |
| Arvest Bank | $345,000 | $755,000 | 118.8% | 0.1% |
| Ally Bank | $680,000 | $745,000 | 9.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $740,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $335,000 | $735,000 | 119.4% | 0.1% |
| MARINE | $560,000 | $730,000 | 30.4% | 0.1% |
| CMG MORTGAGE, INC. | $390,000 | $700,000 | 79.5% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $510,000 | $675,000 | 32.4% | 0.0% |
| FirstBank | $630,000 | $650,000 | 3.2% | 0.0% |
| Bankers' Bank | $630,000 | n/a | 0.0% | |
| InterContinental Capital Group, Inc | $630,000 | n/a | 0.0% | |
| Great Southern Bank | $510,000 | $610,000 | 19.6% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $195,000 | $605,000 | 210.3% | 0.0% |
| First Guaranty Mortgage Corporation | $595,000 | n/a | 0.0% | |
| Vibrant Credit Union | $260,000 | $595,000 | 128.8% | 0.0% |
| ALLIANT | $585,000 | n/a | 0.0% | |
| AMERICAN FINANCE HOUSE LARIBA | $550,000 | n/a | 0.0% | |
| Cambria Financial Group, LLC | $550,000 | n/a | 0.0% | |
| Hills Bank and Trust Company | $780,000 | $550,000 | -29.5% | 0.0% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $215,000 | $540,000 | 151.2% | 0.0% |
| First Savings Bank | $535,000 | n/a | 0.0% | |
| Tradition Mortgage, LLC | $490,000 | $510,000 | 4.1% | 0.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $450,000 | $490,000 | 8.9% | 0.0% |
| Washington State Bank | $1,830,000 | $470,000 | -74.3% | 0.0% |
| First Home Bank | $450,000 | n/a | 0.0% | |
| Ameris Bank | $445,000 | n/a | 0.0% | |
| Citizens Bank | $405,000 | $430,000 | 6.2% | 0.0% |
| WINGS FINANCIAL | $185,000 | $425,000 | 129.7% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $420,000 | n/a | 0.0% | |
| West Gate Bank | $225,000 | $420,000 | 86.7% | 0.0% |
| Lakeview Community Capital, LLC | $410,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $565,000 | $410,000 | -27.4% | 0.0% |
| North American Savings Bank, F.S.B. | $640,000 | $405,000 | -36.7% | 0.0% |
| First International Bank & Trust | $400,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $85,000 | $400,000 | 370.6% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $400,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $165,000 | $390,000 | 136.4% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $385,000 | n/a | 0.0% | |
| Bank Midwest | $1,020,000 | $380,000 | -62.7% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $845,000 | $365,000 | -56.8% | 0.0% |
| KS StateBank | $805,000 | $355,000 | -55.9% | 0.0% |
| The Bank of New Glarus | $355,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $445,000 | $350,000 | -21.3% | 0.0% |
| NP, Inc. | $320,000 | $350,000 | 9.4% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $350,000 | n/a | 0.0% | |
| First Federal Bank | $345,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $310,000 | $340,000 | 9.7% | 0.0% |
| Commerce Bank | $335,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $215,000 | $330,000 | 53.5% | 0.0% |
| American State Bank | $745,000 | $325,000 | -56.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $345,000 | $325,000 | -5.8% | 0.0% |
| First National Bank of Omaha | $315,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | $315,000 | 90.9% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $305,000 | n/a | 0.0% | |
| First Bank | $125,000 | $305,000 | 144.0% | 0.0% |
| FBC MORTGAGE, LLC | $295,000 | n/a | 0.0% | |
| Community Savings Bank | $175,000 | $290,000 | 65.7% | 0.0% |
| Leighton State Bank | $235,000 | $285,000 | 21.3% | 0.0% |
| Nations Lending Corporation | $280,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $270,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $105,000 | $270,000 | 157.1% | 0.0% |
| Figure Lending LLC | $250,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $165,000 | $250,000 | 51.5% | 0.0% |
| Ohnward Bank & Trust | $245,000 | n/a | 0.0% | |
| TIAA, FSB | $245,000 | n/a | 0.0% | |
| Capital Bank | $235,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $2,285,000 | $235,000 | -89.7% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $225,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $430,000 | $215,000 | -50.0% | 0.0% |
| Liberty Savings Bank, F.S.B. | $215,000 | n/a | 0.0% | |
| Magnolia Bank | $185,000 | $215,000 | 16.2% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $205,000 | n/a | 0.0% | |
| EMM LOANS LLC | $380,000 | $205,000 | -46.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $205,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $195,000 | n/a | 0.0% | |
| BLACK HILLS FEDERAL CREDIT UNION | $265,000 | $195,000 | -26.4% | 0.0% |
| LINN AREA | $195,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $195,000 | n/a | 0.0% | |
| Serve Credit Union | $190,000 | $190,000 | 0.0% | 0.0% |
| Farmers State Bank | $225,000 | $185,000 | -17.8% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $430,000 | $180,000 | -58.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $710,000 | $175,000 | -75.4% | 0.0% |
| SENB Bank | $175,000 | n/a | 0.0% | |
| Union Bank and Trust Company | $170,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $165,000 | n/a | 0.0% | |
| CHARTER WEST BANK | $165,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $165,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $165,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.0% | |
| GAS AND ELECTRIC CREDIT UNION | $165,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $55,000 | $160,000 | 190.9% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $155,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $375,000 | $155,000 | -58.7% | 0.0% |
| Home Federal Savings Bank | $195,000 | $155,000 | -20.5% | 0.0% |
| Community State Bank | $150,000 | n/a | 0.0% | |
| ALTRA | $595,000 | $145,000 | -75.6% | 0.0% |
| AMERICAN ADVISORS GROUP | $45,000 | $145,000 | 222.2% | 0.0% |
| CORTRUST MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $145,000 | n/a | 0.0% | |
| CEDAR FALLS COMMUNITY CREDIT UNION | $105,000 | $135,000 | 28.6% | 0.0% |
| Paramount Bank | $505,000 | $135,000 | -73.3% | 0.0% |
| BankIowa of Cedar Rapids | $135,000 | $125,000 | -7.4% | 0.0% |
| The Huntington National Bank | $330,000 | $105,000 | -68.2% | 0.0% |
| First PREMIER Bank | $95,000 | n/a | 0.0% | |
| HIWAY | $95,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $95,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $185,000 | $75,000 | -59.5% | 0.0% |
| OPEN MORTGAGE, LLC | $55,000 | n/a | 0.0% | |
| THE FAMILY CREDIT UNION | $55,000 | $55,000 | 0.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $55,000 | n/a | 0.0% | |
| Oxford Bank & Trust | $120,000 | $45,000 | -62.5% | 0.0% |
| First Central State Bank | $15,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $15,000 | n/a | 0.0% |
AMES's top lender by overall market share is JPMorgan Chase Bank, with 33.7% market share. In second place, with 8.1%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $117,610,000 in loans. In third place, with 5.2%, is Wells Fargo Bank, having originated $76,150,000 in loans. In third place, with 3.8%, is VisionBank of Iowa, having originated $55,580,000 in loans. In third place, with 2.7%, is QUICKEN LOANS, LLC, having originated $39,505,000 in loans.
AMES, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 1,775 | $405,885,000 | $228,668 |
| Home Purchase | 1,756 | $885,860,000 | $504,476 |
| Cash Out Refi | 763 | $143,275,000 | $187,779 |
| Home Improvement | 163 | $11,645,000 | $71,442 |
| Other | 141 | $11,315,000 | $80,248 |
| NA | 1 | $55,000 | $55,000 |
Ames's most frequently cited loan purpose was Refi, with 1,775 originations. The 2nd most popular reason was Home Purchase, with 1,756 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,837 | $394,885,000 | $214,962 |
| 3-4% | 1,312 | $770,570,000 | $587,325 |
| <2.5% | 958 | $192,130,000 | $200,553 |
| 4-5% | 136 | $14,930,000 | $109,779 |
| 5-6% | 56 | $4,090,000 | $73,036 |
| 6-7% | 29 | $1,735,000 | $59,828 |
| Over 8% | 17 | $1,095,000 | $64,412 |
| 7-8% | 14 | $1,070,000 | $76,429 |
During 2021, Ames's most frequently originated rate bucket was 2.5-3%, with 1,837 originations.
Loan Sizing (AMES, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,006 | $298,760,000 | $148,933 |
| $200k-400k | 1,496 | $399,590,000 | $267,106 |
| $100,000 or less | 846 | $51,530,000 | $60,910 |
| $400k-600k | 194 | $92,070,000 | $474,588 |
| $600k-1000k | 33 | $24,265,000 | $735,303 |
| $Over $1MM | 24 | $591,820,000 | $24,659,167 |
AMES's loan sizing saw the bucket of loans from $100k-200k with 2,006 originations, totaling $298,760,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,641 | $357,585,000 | $217,907 |
| 60-80% | 1,477 | $840,095,000 | $568,785 |
| 40-60% | 594 | $107,430,000 | $180,859 |
| 20-40% | 271 | $37,015,000 | $136,587 |
| Under 20% | 231 | $10,165,000 | $44,004 |
| Over 100% | 27 | $6,715,000 | $248,704 |
AMES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,641 originations, totaling $357,585,000 in origination value.
