Castle Rock Bank Mortgage Rates, Fees & Info

CASTLE ROCK, MN

LEI: 25490074OSKMLQ1W0I88

Tax ID: 41-0257060

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
  • Complaints
  • 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 (well, only) market is Minneapolis.

    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.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $6,300,000

    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) 26 $4,920,000 $189,231 $0 0.00%
    Outside of Metro Areas 10 $1,380,000 $138,000 $0 0.00%
    Castle Rock Bank's top markets include and Minneapolis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $6,300,000 $175,000 $0 0.00%

    For 2018, Castle Rock Bank's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $3,815,000 $200,789 $0 0.00%
    Refi 12 $2,190,000 $182,500 $0 0.00%
    Home Improvement 5 $295,000 $59,000 $0 0.00%

    For 2018, Castle Rock Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $6,300,000 $175,000 $0 0.00%

    For 2018, Castle Rock Bank's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 12 $1,520,000 $126,667 $0 0.00%
    $200k-400k 11 $2,805,000 $255,000 $0 0.00%
    $100,000 or less 10 $590,000 $59,000 $0 0.00%
    $400k-600k 3 $1,385,000 $461,667 $0 0.00%

    2018 saw Castle Rock Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $1,380,000 $172,500 $0 0.00%
    $75k-100k 8 $970,000 $121,250 $0 0.00%
    $100k-150k 6 $1,200,000 $200,000 $0 0.00%
    $50k or less 6 $510,000 $85,000 $0 0.00%
    $250k+ 4 $730,000 $182,500 $0 0.00%
    $150k-250k 2 $680,000 $340,000 $0 0.00%

    Castle Rock Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $6,300,000 $175,000 $0 0.00%

    Castle Rock Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $4,680,000 $156,000 $0 0.00%
    Not applicable 2 $830,000 $415,000 $0 0.00%
    Not provided 3 $745,000 $248,333 $0 0.00%
    Asian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    94.44%

    Castle Rock Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $6,300,000 $175,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 36 $6,300,000 $175,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CASTLE ROCK Conventional home mortgage Struggling to pay mortgage 2 100.0%