Castle Rock Bank Mortgage Rates, Fees & Info

CASTLE ROCK, MN

LEI: 25490074OSKMLQ1W0I88

Tax ID: 41-0257060

Latest/2024 | 2023 Data | 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

    Castle Rock Bank is a smaller bank specializing in Home Purchase and Refi loans. Castle Rock Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Faribault, Red Wing, and Brainerd among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Castle Rock Bank 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.

    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

    56

    Origination Dollar Volume (All Markets)

    $15,230,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 37 $10,285,000 $277,973 $0 0.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 11 $3,165,000 $287,727 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
    Outside of Metro Areas 4 $690,000 $172,500 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Castle Rock Bank's top markets include Minneapolis, Faribault, Red Wing, and Brainerd among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $15,230,000 $271,964 $0 0.00%

    For 2024, Castle Rock Bank's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $9,915,000 $341,897 $0 0.00%
    Refi 11 $3,535,000 $321,364 $0 0.00%
    Other 10 $1,270,000 $127,000 $0 0.00%
    Home Improvement 6 $510,000 $85,000 $0 0.00%

    For 2024, Castle Rock Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $15,230,000 $271,964 $0 0.00%

    For 2024, Castle Rock Bank's most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,765,000 $274,524 $0 0.00%
    $100,000 or less 13 $775,000 $59,615 $0 0.00%
    $100k-200k 10 $1,440,000 $144,000 $0 0.00%
    $600k-1MM 7 $4,775,000 $682,143 $0 0.00%
    $400k-600k 5 $2,475,000 $495,000 $0 0.00%

    2024 saw Castle Rock Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $4,340,000 $434,000 $0 0.00%
    $75k-100k 10 $2,110,000 $211,000 $0 0.00%
    $100k-150k 9 $2,045,000 $227,222 $0 0.00%
    $50k or less 9 $1,745,000 $193,889 $0 0.00%
    $50k-75k 7 $1,385,000 $197,857 $0 0.00%
    $250k+ 6 $2,900,000 $483,333 $0 0.00%

    Castle Rock Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $15,230,000 $271,964 $0 0.00%

    Castle Rock Bank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $13,950,000 $279,000 $0 0.00%
    Not applicable 4 $650,000 $162,500 $0 0.00%
    Vietnamese 1 $385,000 $385,000 $0 0.00%
    Asian 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.31%

    Castle Rock Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.43%

    Castle Rock Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 56 $15,230,000 $271,964

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $15,230,000 $271,964