867 Mortgage Rates, Fees & Info
Fosston, MNLEI: 25490052LT8QG1RXJ172
Tax ID: 41-0250590
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Mortgage Data
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. They have an above average pick rate when compared to similar lenders.
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Originations
51Origination Dollar Volume (All Markets)
$7,215,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 26 | $4,970,000 | $191,154 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 25 | $2,245,000 | $89,800 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $7,215,000 | $141,471 | $0 | 0.00% |
For 2018, 867's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2018, 867's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $7,215,000 | $141,471 | $0 | 0.00% |
For 2018, 867's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2018 saw 867 place emphasis on $100,000 or less loans with 33 originations, totaling $1,425,000 in origination value.
Applicant Income
867 lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $7,215,000 | $141,471 | $0 | 0.00% |
867 lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 6 | $3,710,000 | $618,333 | $0 | 0.00% |
| White | 45 | $3,505,000 | $77,889 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.22%
867 has an average approval rate.
Pick Rate
Approvals leading to origination92.16%
867 has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 51 | $7,215,000 | $141,471 |