United Prairie Bank Mortgage Rates, Fees & Info
Mankato, MNLEI: 254900YIISLA68FQYZ66
Tax ID: 41-0250740
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Mortgage Data
Review & Overview
United Prairie Bank is a smaller bank specializing in Refi and Home Purchase loans. United Prairie Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mankato, Worthington, Cape Coral, Marshall, and Phoenix among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)United Prairie Bank has an above average approval rate when compared to the average across all lenders.
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Originations
21Origination Dollar Volume (All Markets)
$5,955,000Top 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 |
|---|---|---|---|---|---|
| MANKATO, MN (FHA|USDA|VA) | 7 | $2,405,000 | $343,571 | $0 | 0.00% |
| Worthington, MN (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $955,000 | $191,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| New Ulm, 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 | 21 | $5,955,000 | $283,571 | $0 | 0.00% |
For 2023, United Prairie Bank's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2023, United Prairie Bank's most frequently cited loan purpose was Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $5,955,000 | $283,571 | $0 | 0.00% |
For 2023, United Prairie Bank's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2023 saw United Prairie Bank place emphasis on $200k-400k loans with 6 originations, totaling $1,850,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $1,015,000 | $338,333 | $0 | 0.00% |
| $50k-75k | 3 | $615,000 | $205,000 | $0 | 0.00% |
| $100k-150k | 2 | $110,000 | $55,000 | $0 | 0.00% |
United Prairie Bank lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $5,955,000 | $283,571 | $0 | 0.00% |
United Prairie Bank lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
United Prairie Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $5,955,000 | $283,571 |