Park Bank Mortgage Rates, Fees & Info

Holmen, WI

LEI: 254900SL0H3ZRSDNV180

Tax ID: 39-0147790

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Mortgage Data

Review & Overview

Park Bank is a smaller bank specializing in Home Purchase and Refi loans. Park Bank has a high proportion of conventional loans. Their top two markets are La Crosse and Winona .

Park 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

64

Origination Dollar Volume (All Markets)

$7,520,000

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 44 $4,820,000 $109,545 $0 0.00%
Outside of Metro Areas 19 $2,655,000 $139,737 $0 0.00%
Winona, MN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Park Bank's top markets include La Crosse and Winona among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $7,520,000 $117,500 $0 0.00%

    For 2023, Park Bank's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $4,380,000 $182,500 $0 0.00%
    Refi 14 $1,880,000 $134,286 $0 0.00%
    Home Improvement 13 $545,000 $41,923 $0 0.00%
    Other 12 $630,000 $52,500 $0 0.00%
    Cash Out Refi 1 $85,000 $85,000 $0 0.00%

    For 2023, Park Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $7,520,000 $117,500 $0 0.00%

    For 2023, Park Bank's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,665,000 $45,000 $0 0.00%
    $100k-200k 17 $2,585,000 $152,059 $0 0.00%
    $200k-400k 8 $2,240,000 $280,000 $0 0.00%
    $400k-600k 2 $1,030,000 $515,000 $0 0.00%

    2023 saw Park Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $2,440,000 $101,667 $0 0.00%
    $50k-75k 13 $1,035,000 $79,615 $0 0.00%
    $75k-100k 7 $895,000 $127,857 $0 0.00%
    $150k-250k 6 $1,050,000 $175,000 $0 0.00%
    $250k+ 6 $830,000 $138,333 $0 0.00%
    $50k or less 6 $440,000 $73,333 $0 0.00%

    Park Bank lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $7,520,000 $117,500 $0 0.00%

    Park Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $7,520,000 $117,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.41%

    Park Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.88%

    Park Bank 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 64 $7,520,000 $117,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $7,520,000 $117,500