Flagship Banks Minnesota Mortgage Rates, Fees & Info
Isanti, MNLEI: 254900U0IGWRT4P7YI03
Tax ID: 41-0538070
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Flagship Banks Minnesota is a smaller bank specializing in Home Purchase and Refi loans. Flagship Banks Minnesota has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Hutchinson, Duluth, Rochester, and St. Cloud among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Flagship Banks Minnesota 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
114Origination Dollar Volume (All Markets)
$37,410,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 87 | $29,905,000 | $343,736 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $620,000 | $155,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $37,410,000 | $328,158 | $0 | 0.00% |
For 2022, Flagship Banks Minnesota's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2022, Flagship Banks Minnesota's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $37,410,000 | $328,158 | $0 | 0.00% |
For 2022, Flagship Banks Minnesota's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2022 saw Flagship Banks Minnesota place emphasis on $200k-400k loans with 38 originations, totaling $10,850,000 in origination value.
Applicant Income
Flagship Banks Minnesota lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $37,410,000 | $328,158 | $0 | 0.00% |
Flagship Banks Minnesota lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.37%
Flagship Banks Minnesota has an average approval rate.
Pick Rate
Approvals leading to origination93.86%
Flagship Banks Minnesota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $37,410,000 | $328,158 |