Union State Bank Of Fargo Mortgage Rates, Fees & Info
Fargo, NDLEI: 254900Y3CWQSLFVW8D53
Tax ID: 45-0314785
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Mortgage Data
Review & Overview
Union State Bank Of Fargo is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Union State Bank Of Fargo has a high proportion of conventional loans. Their top markets by origination volume include: Fargo, Watertown, Minneapolis, Jamestown, and Fergus Falls 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 a below 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 11/21/24 |
| 30 Year Conventional Refi | 6.57% | 11/21/24 |
| 30 Year Cash-out Refi | 6.61% | 11/21/24 |
| 15 Year Conventional Purchase | 6.61% | 11/21/24 |
| 15 Year Conventional Refi | 6.41% | 11/21/24 |
| 15 Year Cash-out Refi | 6.41% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
535Origination Dollar Volume (All Markets)
$97,285,000Top 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 | 377 | $48,645,000 | $129,032 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 91 | $18,615,000 | $204,560 | $0 | 0.00% |
| Watertown, SD (FHA|USDA|VA) | 1 | $11,575,000 | $11,575,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 29 | $7,665,000 | $264,310 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 4 | $4,150,000 | $1,037,500 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 10 | $1,390,000 | $139,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 0.00% |
| BISMARCK, ND (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 535 | $97,285,000 | $181,841 | $0 | 0.00% |
For 2021, Union State Bank Of Fargo's most frequently originated type of loan was Conventional, with 535 originations.
Loan Reason
For 2021, Union State Bank Of Fargo's most frequently cited loan purpose was Home Purchase, with 210 originations. The 2nd most popular reason was Refi, with 146 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 535 | $97,285,000 | $181,841 | $0 | 0.00% |
For 2021, Union State Bank Of Fargo's most frequently cited loan duration was Other, with 535 originations.
Loan Sizing
2021 saw Union State Bank Of Fargo place emphasis on $100k-200k loans with 218 originations, totaling $31,780,000 in origination value.
Applicant Income
Union State Bank Of Fargo lent most frequently to those with incomes in the $50k-75k range, with 126 originations. The second most popular income band? $50k or less, with 110 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 535 | $97,285,000 | $181,841 | $0 | 0.00% |
Union State Bank Of Fargo lent most frequently to those with DTI ratios of Exempt%, with 535 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.85%
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 origination89.53%
Union State Bank Of Fargo has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 535 | $97,285,000 | $181,841 |