United Prairie Bank Mortgage Rates, Fees & Info

Mankato, MN

LEI: 254900YIISLA68FQYZ66

Tax ID: 41-0250740

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

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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

21

Origination Dollar Volume (All Markets)

$5,955,000

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
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%
United Prairie Bank's top markets include Mankato, Worthington, Cape Coral, Marshall, and Phoenix among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 10 $3,660,000 $366,000 $0 0.00%
    Home Purchase 9 $1,715,000 $190,556 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%
    Other 1 $565,000 $565,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6 $1,850,000 $308,333 $0 0.00%
    $100,000 or less 5 $255,000 $51,000 $0 0.00%
    $100k-200k 5 $745,000 $149,000 $0 0.00%
    $600k-1MM 3 $2,135,000 $711,667 $0 0.00%
    $400k-600k 2 $970,000 $485,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 12 $4,040,000 $336,667 $0 0.00%
    White 8 $1,580,000 $197,500 $0 0.00%
    Not provided 1 $335,000 $335,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 21 $5,955,000 $283,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    21 $5,955,000 $283,571