The Miners National Bank Of Eveleth Mortgage Rates, Fees & Info
Eveleth, MNLEI: 254900237R332M8L2724
Tax ID: 41-0413985
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Miners National Bank Of Eveleth is a smaller bank specializing in Home Purchase loans. The Miners National Bank Of Eveleth has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Minneapolis, Brownsville, and Grand Rapids among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)The Miners National Bank Of Eveleth has an above 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
76Origination Dollar Volume (All Markets)
$13,620,000Top 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 |
|---|---|---|---|---|---|
| DULUTH, MN-WI (FHA|USDA|VA) | 70 | $12,480,000 | $178,286 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $440,000 | $220,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Miners National Bank of Eveleth 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 | 75 | $13,435,000 | $179,133 | $0 | 0.00% |
| VA | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2023, The Miners National Bank Of Eveleth's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, The Miners National Bank Of Eveleth's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $13,620,000 | $179,211 | $0 | 0.00% |
For 2023, The Miners National Bank Of Eveleth's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2023 saw The Miners National Bank Of Eveleth place emphasis on $100k-200k loans with 33 originations, totaling $4,835,000 in origination value.
Applicant Income
The Miners National Bank Of Eveleth lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $13,620,000 | $179,211 | $0 | 0.00% |
The Miners National Bank Of Eveleth lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 74 | $13,350,000 | $180,405 | $0 | 0.00% |
| Black | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Asian | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.04%
The Miners National Bank Of Eveleth has an average approval rate.
Pick Rate
Approvals leading to origination64.47%
The Miners National Bank Of Eveleth has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $13,620,000 | $179,211 |