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 markets by origination volume include: Grand Forks, Bemidji, Duluth, Fergus Falls, and Fargo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)867 has an above average approval rate when compared to the average across all lenders.
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Originations
49Origination Dollar Volume (All Markets)
$5,325,000Top 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 |
|---|---|---|---|---|---|
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 24 | $1,660,000 | $69,167 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 8 | $1,550,000 | $193,750 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,375,000 | $105,769 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $5,325,000 | $108,673 | $0 | 0.00% |
For 2019, 867's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2019, 867's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $5,325,000 | $108,673 | $0 | 0.00% |
For 2019, 867's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw 867 place emphasis on $100,000 or less loans with 31 originations, totaling $1,395,000 in origination value.
Applicant Income
867 lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $5,325,000 | $108,673 | $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 | 45 | $4,195,000 | $93,222 | $0 | 0.00% |
| Not applicable | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.74%
867 has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $5,325,000 | $108,673 |