Union State Bank Of Fargo Mortgage Rates, Fees & Info

Fargo, ND

LEI: 254900Y3CWQSLFVW8D53

Tax ID: 45-0314785

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Grand Forks, Minneapolis, Fergus Falls, and Dickinson among others. We have data for 6 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.

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    Originations

    90

    Origination Dollar Volume (All Markets)

    $31,600,000

    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
    FARGO, ND-MN (FHA|USDA|VA) 47 $20,615,000 $438,617 $0 0.00%
    Outside of Metro Areas 34 $4,830,000 $142,059 $0 0.00%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $2,095,000 $419,000 $0 0.00%
    Fergus Falls, MN (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    Dickinson, ND (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Union State Bank Of Fargo's top markets include Fargo, Grand Forks, Minneapolis, Fergus Falls, and Dickinson among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (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.

    CAPITAL CREDIT UNION
    Similarity Rank: 234
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 448
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 455
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 510
    Starion Bank
    Similarity Rank: 624
    VALLEY MORTGAGE, INC.
    Similarity Rank: 812
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 874
    Choice Financial Group
    Similarity Rank: 1240
    Western State Bank
    Similarity Rank: 1247
    AFFINITY PLUS
    Similarity Rank: 1333

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $31,600,000 $351,111 $0 0.00%

    For 2020, Union State Bank Of Fargo's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $9,505,000 $271,571 $0 0.00%
    Refi 25 $18,615,000 $744,600 $0 0.00%
    Cash Out Refi 15 $2,605,000 $173,667 $0 0.00%
    Other 9 $585,000 $65,000 $0 0.00%
    Home Improvement 6 $290,000 $48,333 $0 0.00%

    For 2020, Union State Bank Of Fargo's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $31,600,000 $351,111 $0 0.00%

    For 2020, Union State Bank Of Fargo's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,075,000 $56,081 $0 0.00%
    $100k-200k 28 $3,980,000 $142,143 $0 0.00%
    $200k-400k 13 $3,435,000 $264,231 $0 0.00%
    $400k-600k 6 $2,770,000 $461,667 $0 0.00%
    $1MM+ 4 $17,600,000 $4,400,000 $0 0.00%
    $600k-1MM 2 $1,740,000 $870,000 $0 0.00%

    2020 saw Union State Bank Of Fargo place emphasis on $100,000 or less loans with 37 originations, totaling $2,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $3,150,000 $131,250 $0 0.00%
    $150k-250k 12 $2,870,000 $239,167 $0 0.00%
    $50k-75k 12 $1,520,000 $126,667 $0 0.00%
    $50k or less 10 $760,000 $76,000 $0 0.00%
    $75k-100k 9 $1,185,000 $131,667 $0 0.00%
    $250k+ 4 $1,160,000 $290,000 $0 0.00%

    Union State Bank Of Fargo lent most frequently to those with incomes in the $100k-150k range, with 24 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% 90 $31,600,000 $351,111 $0 0.00%

    Union State Bank Of Fargo lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $20,500,000 $1,281,250 $0 0.00%
    White 61 $8,225,000 $134,836 $0 0.00%
    Not provided 10 $2,180,000 $218,000 $0 0.00%
    Asian 2 $460,000 $230,000 $0 0.00%
    American Indian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.17%

    Union State Bank Of Fargo has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.22%

    Union State Bank Of Fargo has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $31,600,000 $351,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $18,960,000 $3,160,000
    Single Family (1-4 Units):Manufactured 9 $435,000 $48,333
    Single Family (1-4 Units):Site-Built 75 $12,205,000 $162,733

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Union State Bank of Fargo 4530 17th Avenue South Fargo, ND 58103 Full Service B&M $113,461

    For 2020, Union State Bank Of Fargo had 1 branches.

    Yearly Performance Overview