Minnstar Bank N.a. Mortgage Rates, Fees & Info

Lake Crystal, MN

LEI: 254900GWSHKTMAYXI472

Tax ID: 41-0362630

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Minnstar Bank N.a. is a smaller bank specializing in Refi and Home Purchase loans. Minnstar Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Mankato, Minneapolis, New Ulm, Hutchinson, and Brainerd among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Minnstar Bank N.a. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    56

    Origination Dollar Volume (All Markets)

    $9,230,000

    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
    MANKATO, MN (FHA|USDA|VA) 37 $5,305,000 $143,378 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 14 $2,790,000 $199,286 $0 0.00%
    Outside of Metro Areas 2 $680,000 $340,000 $0 0.00%
    New Ulm, MN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Hutchinson, MN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Minnstar Bank N.a.'s top markets include Mankato, Minneapolis, New Ulm, Hutchinson, 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 $9,230,000 $164,821 $0 0.00%

    For 2018, Minnstar Bank N.a.'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
    Refi 33 $5,155,000 $156,212 $0 0.00%
    Home Purchase 20 $3,810,000 $190,500 $0 0.00%
    Cash Out Refi 3 $265,000 $88,333 $0 0.00%

    For 2018, Minnstar Bank N.a.'s most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $9,230,000 $164,821 $0 0.00%

    For 2018, Minnstar Bank N.a.'s most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,670,000 $152,917 $0 0.00%
    $100,000 or less 18 $1,180,000 $65,556 $0 0.00%
    $200k-400k 12 $3,440,000 $286,667 $0 0.00%
    $400k-600k 2 $940,000 $470,000 $0 0.00%

    2018 saw Minnstar Bank N.a. place emphasis on $100k-200k loans with 24 originations, totaling $3,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 8 $1,140,000 $142,500 $0 0.00%
    $100k-150k 6 $910,000 $151,667 $0 0.00%
    $50k-75k 6 $760,000 $126,667 $0 0.00%
    $150k-250k 4 $470,000 $117,500 $0 0.00%
    $75k-100k 4 $510,000 $127,500 $0 0.00%
    $250k+ 3 $715,000 $238,333 $0 0.00%

    Minnstar Bank N.a. lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $9,230,000 $164,821 $0 0.00%

    Minnstar Bank N.a. 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 32 $4,780,000 $149,375 $0 0.00%
    Not applicable 22 $4,170,000 $189,545 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.31%

    Minnstar Bank N.a. 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%

    Minnstar Bank N.a. 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 $9,230,000 $164,821

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $790,000 $395,000
    Single Family (1-4 Units):Manufactured 3 $215,000 $71,667
    Single Family (1-4 Units):Site-Built 51 $8,225,000 $161,275