Range Bank Mortgage Rates, Fees & Info
Marquette, MILEI: 254900HI61SSH8KEBQ58
Tax ID: 38-0869023
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Range Bank is a smaller bank specializing in Home Purchase loans. Range Bank has a high proportion of conventional loans. Their top markets by origination volume include: Marquette, Houghton, Iron Mountain, Green Bay, and Appleton among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Range 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
282Origination Dollar Volume (All Markets)
$51,020,000Top 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 |
|---|---|---|---|---|---|
| Marquette, MI (FHA|USDA|VA) | 145 | $26,245,000 | $181,000 | $0 | 0.00% |
| Houghton, MI (FHA|USDA|VA) | 82 | $15,220,000 | $185,610 | $0 | 0.00% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 17 | $3,225,000 | $189,706 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $2,430,000 | $135,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Range Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 282 | $51,020,000 | $180,922 | $0 | 0.00% |
For 2024, Range Bank's most frequently originated type of loan was Conventional, with 282 originations.
Loan Reason
For 2024, Range Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Other, with 73 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 282 | $51,020,000 | $180,922 | $0 | 0.00% |
For 2024, Range Bank's most frequently cited loan duration was Other, with 282 originations.
Loan Sizing
2024 saw Range Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,015,000 in origination value.
Applicant Income
Range Bank lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $75k-100k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 282 | $51,020,000 | $180,922 | $0 | 0.00% |
Range Bank lent most frequently to those with DTI ratios of Exempt%, with 282 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.94%
Range 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 origination91.49%
Range Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 282 | $51,020,000 | $180,922 |