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

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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

    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, St. Cloud, Austin, and Corpus Christi 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 average approval rate when compared to the average across all lenders. They have a below 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

    47

    Origination Dollar Volume (All Markets)

    $11,225,000

    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 $7,425,000 $200,676 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $2,030,000 $338,333 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 0.00%
    Austin, MN (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Alexandria, MN (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Minnstar Bank N.a.'s top markets include Mankato, Minneapolis, St. Cloud, Austin, and Corpus Christi among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $11,225,000 $238,830 $0 0.00%

    For 2019, Minnstar Bank N.a.'s most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 19 $6,705,000 $352,895 $0 0.00%
    Home Purchase 16 $3,000,000 $187,500 $0 0.00%
    Cash Out Refi 10 $1,440,000 $144,000 $0 0.00%
    Home Improvement 2 $80,000 $40,000 $0 0.00%

    For 2019, Minnstar Bank N.a.'s most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 47 $11,225,000 $238,830 $0 0.00%

    For 2019, Minnstar Bank N.a.'s most frequently cited loan duration was Other, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $850,000 $53,125 $0 0.00%
    $100k-200k 14 $2,200,000 $157,143 $0 0.00%
    $200k-400k 12 $3,660,000 $305,000 $0 0.00%
    $1MM+ 3 $3,355,000 $1,118,333 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2019 saw Minnstar Bank N.a. place emphasis on $100,000 or less loans with 16 originations, totaling $850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,035,000 $115,000 $0 0.00%
    $50k or less 8 $580,000 $72,500 $0 0.00%
    $100k-150k 6 $1,360,000 $226,667 $0 0.00%
    $250k+ 4 $1,160,000 $290,000 $0 0.00%
    $75k-100k 4 $750,000 $187,500 $0 0.00%
    $150k-250k 1 $715,000 $715,000 $0 0.00%

    Minnstar Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 47 $11,225,000 $238,830 $0 0.00%

    Minnstar Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $6,100,000 $179,412 $0 0.00%
    Not applicable 13 $5,125,000 $394,231 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.48%

    Minnstar Bank N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.36%

    Minnstar Bank N.a. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 47 $11,225,000 $238,830

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $4,005,000 $801,000
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 41 $7,145,000 $174,268