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
Jump to:
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: Owatonna, Mankato, Faribault, Worthington, and Rochester among others. We have data for 14 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
71Origination Dollar Volume (All Markets)
$21,025,000Top 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 |
|---|---|---|---|---|---|
| Owatonna, MN (FHA|USDA|VA) | 10 | $6,470,000 | $647,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 22 | $3,770,000 | $171,364 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $3,120,000 | $1,560,000 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,315,000 | $154,333 | $0 | 0.00% |
| Worthington, MN (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $21,025,000 | $296,127 | $0 | 0.00% |
For 2019, United Prairie Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 38 | $12,570,000 | $330,789 | $0 | 0.00% |
| Home Purchase | 27 | $6,185,000 | $229,074 | $0 | 0.00% |
| Home Improvement | 6 | $2,270,000 | $378,333 | $0 | 0.00% |
For 2019, United Prairie Bank's most frequently cited loan purpose was Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $21,025,000 | $296,127 | $0 | 0.00% |
For 2019, United Prairie Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2019 saw United Prairie Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,695,000 in origination value.
Applicant Income
United Prairie Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $21,025,000 | $296,127 | $0 | 0.00% |
United Prairie Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
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 origination88.73%
United Prairie Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $21,025,000 | $296,127 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |