Union State Bank Of Fargo Mortgage Rates, Fees & Info
Fargo, NDLEI: 254900Y3CWQSLFVW8D53
Tax ID: 45-0314785
Latest/2024 | 2023 Data | 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 and Refi loans. Union State Bank Of Fargo has a high proportion of conventional loans. Their top markets by origination volume include: Fargo, Minneapolis, Fergus Falls, Grand Forks, and Bemidji among others. We have data for 17 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.
Originations
241Origination Dollar Volume (All Markets)
$39,045,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 189 | $24,235,000 | $128,228 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 22 | $4,460,000 | $202,727 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
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.
Similarity Rank: 108
Similarity Rank: 128
Similarity Rank: 190
Similarity Rank: 400
Similarity Rank: 420
Similarity Rank: 432
Similarity Rank: 748
Similarity Rank: 855
Similarity Rank: 1190
Similarity Rank: 1352
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 241 | $39,045,000 | $162,012 | $0 | 0.00% |
For 2024, Union State Bank Of Fargo's most frequently originated type of loan was Conventional, with 241 originations.
Loan Reason
For 2024, Union State Bank Of Fargo's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 241 | $39,045,000 | $162,012 | $0 | 0.00% |
For 2024, Union State Bank Of Fargo's most frequently cited loan duration was Other, with 241 originations.
Loan Sizing
2024 saw Union State Bank Of Fargo place emphasis on $100,000 or less loans with 112 originations, totaling $5,990,000 in origination value.
Applicant Income
Union State Bank Of Fargo lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $50k or less, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 241 | $39,045,000 | $162,012 | $0 | 0.00% |
Union State Bank Of Fargo lent most frequently to those with DTI ratios of Exempt%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.98%
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 origination93.78%
Union State Bank Of Fargo has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 241 | $39,045,000 | $162,012 |