Minnstar Bank N.a. Mortgage Rates, Fees & Info
Lake Crystal, MNLEI: 254900GWSHKTMAYXI472
Tax ID: 41-0362630
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Minnstar Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Minnstar Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Mankato, Minneapolis, Brainerd, Deltona, and Milwaukee among others. We have data for 11 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.
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Originations
75Origination Dollar Volume (All Markets)
$18,035,000Top 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) | 38 | $8,470,000 | $222,895 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 15 | $3,915,000 | $261,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,740,000 | $217,500 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $18,035,000 | $240,467 | $0 | 0.00% |
For 2022, Minnstar Bank N.a.'s most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2022, Minnstar Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $18,035,000 | $240,467 | $0 | 0.00% |
For 2022, Minnstar Bank N.a.'s most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2022 saw Minnstar Bank N.a. place emphasis on $200k-400k loans with 25 originations, totaling $6,865,000 in origination value.
Applicant Income
Minnstar Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $18,035,000 | $240,467 | $0 | 0.00% |
Minnstar Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.50%
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 origination97.33%
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 | 75 | $18,035,000 | $240,467 |