Union State Bank Of Fargo Mortgage Rates, Fees & Info

Fargo, ND

LEI: 254900Y3CWQSLFVW8D53

Tax ID: 45-0314785

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Union State Bank Of Fargo is a smaller bank specializing in Home Purchase loans. Union State Bank Of Fargo has a high proportion of conventional loans. Their top markets by origination volume include: Fargo, Watertown, Wahpeton, Miami, and Minneapolis among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Union State Bank Of Fargo 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.67% 12/9/24
30 Year Conventional Refi 6.57% 12/9/24
30 Year Cash-out Refi 6.61% 12/9/24
15 Year Conventional Purchase 6.61% 12/9/24
15 Year Conventional Refi 6.41% 12/9/24
15 Year Cash-out Refi 6.41% 12/9/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Union State Bank Of Fargo Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Union State Bank Of Fargo. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

315

Origination Dollar Volume (All Markets)

$57,355,000

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
Outside of Metro Areas 221 $26,705,000 $120,837 $0 0.00%
FARGO, ND-MN (FHA|USDA|VA) 66 $16,530,000 $250,455 $0 0.00%
Watertown, SD (FHA|USDA|VA) 1 $5,785,000 $5,785,000 $0 0.00%
Wahpeton, ND-MN (FHA|USDA|VA) 2 $2,910,000 $1,455,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,160,000 $580,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,000,000 $250,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $880,000 $440,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 5 $655,000 $131,000 $0 0.00%
GRAND FORKS, ND-MN (FHA|USDA|VA) 7 $645,000 $92,143 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
Bemidji, MN (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
Hutchinson, MN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Union State Bank Of Fargo's top markets include Fargo, Watertown, Wahpeton, Miami, and Minneapolis among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Union State Bank of Fargo based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 156
    Western State Bank
    Similarity Rank: 252
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 324
    CAPITAL CREDIT UNION
    Similarity Rank: 325
    VALLEY MORTGAGE, INC.
    Similarity Rank: 341
    First Western Bank & Trust
    Similarity Rank: 504
    Starion Bank
    Similarity Rank: 588
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 726
    Choice Financial Group
    Similarity Rank: 1014
    Gate City Bank
    Similarity Rank: 1696

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 315 $57,355,000 $182,079 $0 0.00%

    For 2023, Union State Bank Of Fargo's most frequently originated type of loan was Conventional, with 315 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 176 $43,260,000 $245,795 $0 0.00%
    Cash Out Refi 46 $6,560,000 $142,609 $0 0.00%
    Home Improvement 40 $2,870,000 $71,750 $0 0.00%
    Other 28 $1,660,000 $59,286 $0 0.00%
    Refi 25 $3,005,000 $120,200 $0 0.00%

    For 2023, Union State Bank Of Fargo's most frequently cited loan purpose was Home Purchase, with 176 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 315 $57,355,000 $182,079 $0 0.00%

    For 2023, Union State Bank Of Fargo's most frequently cited loan duration was Other, with 315 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 147 $8,025,000 $54,592 $0 0.00%
    $100k-200k 91 $12,245,000 $134,560 $0 0.00%
    $200k-400k 62 $16,840,000 $271,613 $0 0.00%
    $400k-600k 7 $3,275,000 $467,857 $0 0.00%
    $1MM+ 5 $15,035,000 $3,007,000 $0 0.00%
    $600k-1MM 3 $1,935,000 $645,000 $0 0.00%

    2023 saw Union State Bank Of Fargo place emphasis on $100,000 or less loans with 147 originations, totaling $8,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 82 $8,560,000 $104,390 $0 0.00%
    $50k or less 46 $3,550,000 $77,174 $0 0.00%
    $75k-100k 46 $4,950,000 $107,609 $0 0.00%
    $150k-250k 35 $5,435,000 $155,286 $0 0.00%
    $100k-150k 34 $5,130,000 $150,882 $0 0.00%
    $250k+ 15 $4,665,000 $311,000 $0 0.00%

    Union State Bank Of Fargo lent most frequently to those with incomes in the $50k-75k range, with 82 originations. The second most popular income band? $50k or less, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 315 $57,355,000 $182,079 $0 0.00%

    Union State Bank Of Fargo lent most frequently to those with DTI ratios of Exempt%, with 315 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 237 $29,595,000 $124,873 $0 0.00%
    Not applicable 48 $24,120,000 $502,500 $0 0.00%
    Not provided 20 $2,440,000 $122,000 $0 0.00%
    Asian 6 $800,000 $133,333 $0 0.00%
    American Indian 2 $220,000 $110,000 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%
    Other Pacific Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.93%

    Union State Bank Of Fargo has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.92%

    Union State Bank Of Fargo has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 315 $57,355,000 $182,079

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    315 $57,355,000 $182,079