# Luana Savings Bank

> **Canonical URL:** https://saferate.com/lenders/luana-savings-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Luana Savings Bank is a bank, headquartered in Luana, IA, serving borrowers across 4 states, with 444 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 4% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300IZ5GOBKOERL931
- **Headquarters:** Luana, IA
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** IA, MN, MO, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 96/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.189%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-682
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 444
- **Dollar Volume:** $118 million
- **Applications Received:** 534
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $265,450
- **Average Borrower Income:** $162,358
- **Average Property Value:** $409,324

## Safe Rate Awards 🏆

- 💎 **Refinance Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 444 | -0.189% | $-682 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 303 loans, Score: 61/100 (Strong)
- Refinance: 141 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 303 | $80M | -0.191% | Sound ☺️ |
| Refinance | 71/100 | 141 | $38M | -0.185% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 436 | 1.23% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Des Moines | IA | 294 | 87/100 |
| Non |  | 112 | 57/100 |
| Ames, IA | IA | 24 | 61/100 |

## Where This Lender Ranks

Luana Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Des Moines Banks
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks)
- 🥇 **#1** in Ames, IA Banks
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/banks)
- 🥈 **#2** in Des Moines for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Iowa Banks
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks)
- 🏆 **#4** in Ames, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Iowa for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Des Moines
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders)
- 🏆 **#6** in Des Moines for Conventional Loans
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Ames, IA
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders)
- 🏆 **#8** in Iowa
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders)
- 🏆 **#8** in Ames, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Iowa for Conventional Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Luana Savings Bank offer?

Luana Savings Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Luana Savings Bank offer mortgages?

Luana Savings Bank offers mortgages in 4 states: IA, MN, MO, WI.

### How competitive are Luana Savings Bank's mortgage rates?

Luana Savings Bank has a pricing score of 96/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.189% below market average.

### What type of lender is Luana Savings Bank?

Luana Savings Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Luana, IA.

### What is Luana Savings Bank's loan approval success rate?

Luana Savings Bank has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/luana-savings-bank

### How to Cite

> "Luana Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/luana-savings-bank

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