Park Bank Mortgage Rates, Fees & Info
Holmen, WILEI: 254900SL0H3ZRSDNV180
Tax ID: 39-0147790
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Mortgage Data
Review & Overview
Park Bank is a smaller bank specializing in Home Purchase loans. Park Bank has a high proportion of conventional loans. They have a low ratio of USDA 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
109Origination Dollar Volume (All Markets)
$14,025,000Top 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 |
|---|---|---|---|---|---|
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 78 | $9,940,000 | $127,436 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $3,880,000 | $129,333 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $13,900,000 | $128,704 | $0 | 0.00% |
| USDA | 1 | $125,000 | $125,000 | $0 | 0.00% |
For 2022, Park Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, Park Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 109 | $14,025,000 | $128,670 | $0 | 0.00% |
For 2022, Park Bank's most frequently cited loan duration was Other, with 109 originations.
Loan Sizing
2022 saw Park Bank place emphasis on $100,000 or less loans with 56 originations, totaling $2,480,000 in origination value.
Applicant Income
Park Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 109 | $14,025,000 | $128,670 | $0 | 0.00% |
Park Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.54%
Park 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 origination92.66%
Park Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 109 | $14,025,000 | $128,670 |