First National Bank Minnesota Mortgage Rates, Fees & Info
Mankato, MNLEI: 254900CPIGHZEFW97Z79
Tax ID: 41-0519725
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Bank Minnesota is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Minnesota has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Mankato, Hutchinson, Faribault, and Fairmont among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Minnesota 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
61Origination Dollar Volume (All Markets)
$12,675,000Top Markets
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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) | 20 | $6,200,000 | $310,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 27 | $4,005,000 | $148,333 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,590,000 | $159,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $12,675,000 | $207,787 | $0 | 0.00% |
For 2024, First National Bank Minnesota's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2024, First National Bank Minnesota's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $12,675,000 | $207,787 | $0 | 0.00% |
For 2024, First National Bank Minnesota's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2024 saw First National Bank Minnesota place emphasis on $100,000 or less loans with 25 originations, totaling $1,615,000 in origination value.
Applicant Income
First National Bank Minnesota lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $12,675,000 | $207,787 | $0 | 0.00% |
First National Bank Minnesota lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.29%
First National Bank Minnesota has an average approval rate.
Pick Rate
Approvals leading to origination91.80%
First National Bank Minnesota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $12,675,000 | $207,787 |