Starion Bank Mortgage Rates, Fees & Info

Bismarck, ND

LEI: 54930019RBT2SM6CQS78

Tax ID: 45-0427679

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Starion Bank is a smaller bank specializing in Home Purchase loans. Starion Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fargo, Bismarck, Madison, Cape Coral, and Williston among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Starion 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. Starion Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.62% 4/5/25
    30 Year Conventional Refi 7.66% 4/5/25
    30 Year FHA Purchase 6.38% 4/5/25
    30 Year VA Purchase 6.72% 4/5/25
    15 Year Conventional Purchase 5.18% 4/5/25
    15 Year Conventional Refi 6.55% 4/5/25
    15 Year Cash-out Refi 6.55% 4/5/25
    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.

    Starion Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Starion Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    222

    Origination Dollar Volume (All Markets)

    $111,640,000

    Awards

    Starion Bank 30 Year Conventional Loans gold Starion Bank 30 Year Conventional Loans gold Starion Bank 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Starion Bank's average 30 year fixed mortgage rate was 6.35%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.2%.

    Relative Fees (Closing Costs)

    Starion Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,976.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    FARGO, ND-MN (FHA|USDA|VA) 16 $36,700,000 $2,293,750 $3,531 7.02%
    BISMARCK, ND (FHA|USDA|VA) 100 $24,820,000 $248,200 $3,649 6.95%
    MADISON, WI (FHA|USDA|VA) 30 $14,780,000 $492,667 $2,311 7.02%
    Outside of Metro Areas 44 $12,660,000 $287,727 $3,921 6.78%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $8,600,000 $4,300,000 $0 8.20%
    Williston, ND (FHA|USDA|VA) 3 $5,275,000 $1,758,333 $5,657 7.54%
    PEORIA, IL (FHA|USDA|VA) 2 $1,300,000 $650,000 $0 7.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,661 7.92%
    Minot, ND (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,005 6.31%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $815,000 $815,000 $11,160 7.75%
    Dickinson, ND (FHA|USDA|VA) 2 $720,000 $360,000 $8,711 7.69%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $605,000 $605,000 $8,556 6.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $590,000 $295,000 $0 7.33%
    Sheridan, WY (FHA|USDA|VA) 1 $545,000 $545,000 $2,403 5.88%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $455,000 $455,000 $7,686 6.99%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $445,000 $445,000 $7,716 6.50%
    Fergus Falls, MN (FHA|USDA|VA) 1 $335,000 $335,000 $6,391 6.63%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.25%
    ROCKFORD, IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.39%
    Aberdeen, SD (FHA|USDA|VA) 2 $140,000 $70,000 $0 8.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.15%
    Jamestown, ND (FHA|USDA|VA) 1 $95,000 $95,000 $1,039 7.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $712 7.63%
    Starion Bank's top markets include Fargo, Bismarck, Madison, Cape Coral, and Williston among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Starion Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Western State Bank
    Similarity Rank: 108
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 168
    VALLEY MORTGAGE, INC.
    Similarity Rank: 190
    Heartland Credit Union (Madison)
    Similarity Rank: 204
    Dakota Community Bank & Trust
    Similarity Rank: 238
    The Park Bank
    Similarity Rank: 288
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 420
    State Bank of Cross Plains
    Similarity Rank: 429
    Dacotah Bank
    Similarity Rank: 432
    Landmark Credit Union
    Similarity Rank: 450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $109,770,000 $512,944 $3,496 7.05%
    FHA 8 $1,870,000 $233,750 $7,948 5.87%

    For 2024, Starion Bank's most frequently originated type of loan was Conventional, with 214 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 153 $92,615,000 $605,327 $4,800 6.73%
    Refi 29 $15,085,000 $520,172 $2,971 7.64%
    Other 16 $1,820,000 $113,750 $1,116 7.62%
    Home Improvement 15 $1,355,000 $90,333 $757 7.65%
    Cash Out Refi 9 $765,000 $85,000 $725 7.61%

    For 2024, Starion Bank's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 101 $33,725,000 $333,911 $4,976 6.35%
    5 Year 55 $61,085,000 $1,110,636 $691 7.50%
    20 Year 22 $3,630,000 $165,000 $961 7.64%
    10 Year 16 $1,050,000 $65,625 $665 7.60%
    Other 10 $6,110,000 $611,000 $700 7.85%
    15 Year 9 $1,625,000 $180,556 $2,060 6.90%
    3 Year 6 $2,450,000 $408,333 $0 7.92%
    1 Year 3 $1,965,000 $655,000 $0 8.17%

    For 2024, Starion Bank's most frequently cited loan duration was 30 Year, with 101 originations. The 2nd most popular length was 5 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 87 $20,605,000 $236,839
    $3k-4k 21 $5,745,000 $273,571
    $2k-3k 13 $2,625,000 $201,923
    $5k+ 12 $6,910,000 $575,833
    $1k-2k 9 $1,395,000 $155,000
    $4k-5k 6 $2,430,000 $405,000

    Starion Bank's average total fees were $4,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 104 $64,960,000 $624,615
    6-7% 62 $23,700,000 $382,258
    5-6% 37 $11,395,000 $307,973
    Over 8% 17 $11,115,000 $653,824
    4-5% 2 $470,000 $235,000

    During 2024, Starion Bank's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 7-8%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 66 $18,740,000 $283,939 $4,662 6.85%
    $100,000 or less 53 $3,245,000 $61,226 $1,206 7.46%
    $100k-200k 48 $7,180,000 $149,583 $3,180 6.97%
    $400k-600k 30 $14,310,000 $477,000 $5,039 6.62%
    $600k-1MM 16 $11,140,000 $696,250 $6,448 6.62%
    $1MM+ 9 $57,025,000 $6,336,111 $0 7.71%

    2024 saw Starion Bank place emphasis on $200k-400k loans with 66 originations, totaling $18,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $9,280,000 $244,211 $3,959 6.87%
    $150k-250k 33 $12,295,000 $372,576 $4,388 6.65%
    $250k+ 31 $11,465,000 $369,839 $4,433 7.02%
    $75k-100k 22 $3,190,000 $145,000 $2,248 6.91%
    $50k-75k 21 $2,985,000 $142,143 $3,441 6.31%
    $50k or less 11 $1,835,000 $166,818 $2,205 6.95%

    Starion Bank lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $8,780,000 $219,500 $3,136 6.82%
    30-36% 30 $8,020,000 $267,333 $4,694 6.48%
    <20% 16 $3,530,000 $220,625 $3,520 6.63%
    42% 11 $3,645,000 $331,364 $3,781 7.18%
    41% 10 $2,510,000 $251,000 $3,091 6.51%
    40% 8 $2,260,000 $282,500 $4,978 6.76%
    39% 7 $1,245,000 $177,857 $2,615 6.81%
    37% 6 $2,280,000 $380,000 $3,828 6.73%
    38% 6 $2,270,000 $378,333 $3,432 6.29%
    45% 4 $1,670,000 $417,500 $5,761 6.87%
    43% 3 $545,000 $181,667 $2,800 6.88%
    44% 2 $440,000 $220,000 $3,463 6.44%
    36% 2 $1,190,000 $595,000 $5,221 7.12%
    50-60% 2 $460,000 $230,000 $1,459 7.24%
    47% 1 $355,000 $355,000 $2,394 6.88%
    48% 1 $305,000 $305,000 $5,349 6.49%
    >60% 1 $265,000 $265,000 $858 7.75%
    46% 1 $475,000 $475,000 $7,715 5.88%

    Starion Bank lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 55 $68,475,000 $1,245,000 $0 7.61%
    White 133 $34,955,000 $262,820 $3,681 6.80%
    Not provided 23 $4,305,000 $187,174 $3,481 6.89%
    Asian 7 $3,395,000 $485,000 $5,573 7.18%
    Black 1 $285,000 $285,000 $7,829 6.25%
    American Indian 3 $225,000 $75,000 $3,324 6.37%

    Approval Rates

    Total approvals of all applications
    97.95%

    Starion 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
    71.17%

    Starion Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 222 $111,640,000 $502,883

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    222 $111,640,000 $502,883

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $7,135,000 $230,161 $1,922 7.42%
    40-60% 24 $13,690,000 $570,417 $3,662 7.03%
    60-80% 68 $65,860,000 $968,529 $4,718 6.91%
    80-100% 74 $22,910,000 $309,595 $4,856 6.75%
    Over 100% 2 $150,000 $75,000 $0 7.26%
    Under 20% 23 $1,895,000 $82,391 $662 7.57%