United Prairie Bank Mortgage Rates, Fees & Info
Mankato, MNLEI: 254900YIISLA68FQYZ66
Tax ID: 41-0250740
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Owatonna, Faribault, New Ulm, and Willmar among others. We have data for 9 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. They have a below average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$12,860,000Top 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) | 19 | $8,185,000 | $430,789 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $1,260,000 | $78,750 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 7 | $1,035,000 | $147,857 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 7 | $655,000 | $93,571 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $0 | 0.00% |
| Worthington, MN (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $12,860,000 | $207,419 | $0 | 0.00% |
For 2018, United Prairie Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2018, United Prairie Bank's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $12,860,000 | $207,419 | $0 | 0.00% |
For 2018, United Prairie Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2018 saw United Prairie Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,430,000 in origination value.
Applicant Income
United Prairie Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $12,860,000 | $207,419 | $0 | 0.00% |
United Prairie Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
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 origination87.10%
United Prairie Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $12,860,000 | $207,419 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 25.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |