867 Mortgage Rates, Fees & Info

Fosston, MN

LEI: 25490052LT8QG1RXJ172

Tax ID: 41-0250590

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    867 is a smaller mortgage company specializing in Home Purchase and Refi loans. 867 has a high proportion of conventional loans. Their top (well, only) market is Grand Forks.

    867 has an above average approval rate when compared to the average across all lenders.

    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.

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    Originations

    49

    Origination Dollar Volume (All Markets)

    $6,795,000

    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
    Outside of Metro Areas 33 $4,925,000 $149,242 $0 0.00%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 16 $1,870,000 $116,875 $0 0.00%
    867's top markets include and Grand Forks among others.

    Their top states include:
  • (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $6,795,000 $138,673 $0 0.00%

    For 2023, 867's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $3,310,000 $127,308 $0 0.00%
    Home Improvement 8 $260,000 $32,500 $0 0.00%
    Other 8 $570,000 $71,250 $0 0.00%
    Refi 7 $2,655,000 $379,286 $0 0.00%

    For 2023, 867's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Home Improvement, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 49 $6,795,000 $138,673 $0 0.00%

    For 2023, 867's most frequently cited loan duration was Other, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,050,000 $37,500 $0 0.00%
    $100k-200k 11 $1,555,000 $141,364 $0 0.00%
    $200k-400k 7 $1,935,000 $276,429 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%
    $1MM+ 1 $1,355,000 $1,355,000 $0 0.00%

    2023 saw 867 place emphasis on $100,000 or less loans with 28 originations, totaling $1,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $810,000 $81,000 $0 0.00%
    $50k-75k 9 $675,000 $75,000 $0 0.00%
    $75k-100k 7 $575,000 $82,143 $0 0.00%
    $150k-250k 5 $945,000 $189,000 $0 0.00%
    $100k-150k 4 $600,000 $150,000 $0 0.00%
    $250k+ 2 $720,000 $360,000 $0 0.00%

    867 lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 49 $6,795,000 $138,673 $0 0.00%

    867 lent most frequently to those with DTI ratios of Exempt%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $4,310,000 $119,722 $0 0.00%
    Not applicable 11 $2,435,000 $221,364 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%
    American Indian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.45%

    867 has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 49 $6,795,000 $138,673

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    49 $6,795,000 $138,673