Starion Bank Mortgage Rates, Fees & Info

Bismarck, ND

LEI: 54930019RBT2SM6CQS78

Tax ID: 45-0427679

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Mortgage Data

Bank Data

Review & Overview

Starion Bank is a smaller bank specializing in Home Purchase and Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Madison, Bismarck, Watertown, Fargo, and Williston among others. We have data for 32 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.34% 11/22/24
30 Year Conventional Refi 6.49% 11/22/24
30 Year Cash-out Refi 6.68% 11/22/24
30 Year FHA Purchase 7.11% 11/22/24
15 Year Conventional Purchase 5.51% 11/22/24
15 Year Conventional Refi 5.96% 11/22/24
15 Year Cash-out Refi 5.96% 11/22/24
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

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


Originations

365

Origination Dollar Volume (All Markets)

$134,415,000

Employee count

221

Awards

Starion Bank 30 Year Conventional Loans gold Starion Bank 30 Year Conventional Loans silver
Show all (2) awards

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
MADISON, WI (FHA|USDA|VA) 75 $46,545,000 $620,600 $1,754 4.57%
BISMARCK, ND (FHA|USDA|VA) 157 $33,375,000 $212,580 $3,936 4.36%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $14,530,000 $7,265,000 $2,320 4.29%
FARGO, ND-MN (FHA|USDA|VA) 30 $14,510,000 $483,667 $4,179 4.86%
Outside of Metro Areas 58 $9,260,000 $159,655 $3,731 4.53%
Williston, ND (FHA|USDA|VA) 1 $6,485,000 $6,485,000 $0 5.50%
Aberdeen, SD (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 4.85%
Fergus Falls, MN (FHA|USDA|VA) 3 $955,000 $318,333 $3,045 4.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $905,000 $301,667 $4,860 4.16%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $780,000 $390,000 $3,355 5.06%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $700,000 $175,000 $3,398 4.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $655,000 $218,333 $4,669 4.00%
Minot, ND (FHA|USDA|VA) 3 $535,000 $178,333 $3,616 5.71%
Brainerd, MN (FHA|USDA|VA) 1 $485,000 $485,000 $2,991 4.38%
Beaver Dam, WI (FHA|USDA|VA) 1 $475,000 $475,000 $1,564 3.88%
Baraboo, WI (FHA|USDA|VA) 2 $320,000 $160,000 $1,599 4.44%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $275,000 $275,000 $2,811 4.00%
WICHITA, KS (FHA|USDA|VA) 4 $260,000 $65,000 $2,628 5.22%
PROVO-OREM, UT (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.85%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,158 4.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,379 3.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $215,000 $215,000 $4,001 3.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,506 3.88%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $185,000 $185,000 $4,344 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,745 3.00%
Dickinson, ND (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $125,000 $125,000 $3,581 4.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $1,975 3.63%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,035 4.38%
DULUTH, MN-WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,916 3.63%
Owatonna, MN (FHA|USDA|VA) 1 $95,000 $95,000 $3,284 4.50%
Starion Bank's top markets include Madison, Bismarck, Watertown, Fargo, and Williston among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Texas (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.

    First Community Credit Union
    Similarity Rank: 290
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    T & C REAL ESTATE SERVICES LLC
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    State Bank of Cross Plains
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    CAPITAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 351 $131,935,000 $375,883 $3,390 4.49%
    FHA 7 $1,355,000 $193,571 $5,817 4.32%
    USDA 7 $1,125,000 $160,714 $4,669 4.43%

    For 2019, Starion Bank's most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 195 $75,965,000 $389,564 $3,967 4.29%
    Refi 115 $48,055,000 $417,870 $2,486 4.83%
    Cash Out Refi 40 $8,830,000 $220,750 $3,499 4.12%
    Other 8 $900,000 $112,500 $1,588 5.38%
    Home Improvement 7 $665,000 $95,000 $923 5.30%

    For 2019, Starion Bank's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 172 $40,300,000 $234,302 $3,828 4.10%
    5 Year 71 $44,275,000 $623,592 $172 5.20%
    15 Year 47 $10,985,000 $233,723 $3,980 3.77%
    Other 34 $25,610,000 $753,235 $3,548 4.87%
    10 Year 27 $9,745,000 $360,926 $698 5.64%
    20 Year 7 $1,585,000 $226,429 $1,983 4.24%
    1 Year 5 $1,625,000 $325,000 $0 5.46%
    3 Year 2 $290,000 $145,000 $0 4.83%

    For 2019, Starion Bank's most frequently cited loan duration was 30 Year, with 172 originations. The 2nd most popular length was 5 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 117 $23,775,000 $203,205
    $1k-2k 48 $6,470,000 $134,792
    $2k-3k 43 $9,655,000 $224,535
    $3k-4k 35 $11,475,000 $327,857
    $4k-5k 7 $2,835,000 $405,000
    $5k+ 2 $1,340,000 $670,000

    Starion Bank's average total fees were $3,828, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 117 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 132 $33,290,000 $252,197
    4-5% 130 $53,650,000 $412,692
    5-6% 77 $43,785,000 $568,636
    6-7% 18 $1,620,000 $90,000
    2.5-3% 7 $1,835,000 $262,143
    <2.5% 1 $235,000 $235,000

    During 2019, Starion Bank's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 129 $35,595,000 $275,930 $4,118 4.16%
    $100k-200k 106 $15,810,000 $149,151 $3,170 4.46%
    $100,000 or less 85 $5,185,000 $61,000 $1,846 5.05%
    $400k-600k 30 $13,760,000 $458,667 $4,695 4.05%
    $1MM+ 10 $60,190,000 $6,019,000 $0 5.14%
    $600k-1MM 5 $3,875,000 $775,000 $10,155 5.04%

    2019 saw Starion Bank place emphasis on $200k-400k loans with 129 originations, totaling $35,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 67 $14,635,000 $218,433 $3,566 4.29%
    $150k-250k 52 $13,360,000 $256,923 $3,988 4.21%
    $250k+ 43 $11,045,000 $256,860 $3,788 4.47%
    $50k-75k 42 $6,780,000 $161,429 $3,161 4.33%
    $75k-100k 39 $7,595,000 $194,744 $3,602 4.23%
    $50k or less 37 $3,915,000 $105,811 $2,780 4.51%

    Starion Bank lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $15,955,000 $207,208 $3,541 4.16%
    30-36% 51 $9,905,000 $194,216 $3,437 4.27%
    <20% 47 $10,265,000 $218,404 $3,214 4.08%
    38% 13 $3,115,000 $239,615 $3,266 4.30%
    42% 11 $2,765,000 $251,364 $3,010 4.44%
    37% 11 $2,435,000 $221,364 $4,061 4.36%
    41% 8 $1,860,000 $232,500 $3,428 4.61%
    40% 8 $1,250,000 $156,250 $1,357 4.72%
    46% 7 $1,535,000 $219,286 $3,382 4.50%
    36% 7 $1,915,000 $273,571 $3,872 3.91%
    49% 5 $1,395,000 $279,000 $3,562 3.88%
    43% 4 $950,000 $237,500 $6,783 4.18%
    39% 4 $870,000 $217,500 $3,006 4.26%
    44% 4 $930,000 $232,500 $4,652 3.63%
    50-60% 3 $445,000 $148,333 $5,721 5.63%
    45% 3 $1,015,000 $338,333 $6,420 3.99%
    47% 2 $310,000 $155,000 $2,801 3.88%
    48% 1 $145,000 $145,000 $4,563 4.25%

    Starion Bank lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 58 $71,400,000 $1,231,034 $0 5.14%
    White 277 $57,135,000 $206,264 $3,511 4.34%
    Not provided 15 $3,405,000 $227,000 $3,944 4.08%
    Asian 8 $1,710,000 $213,750 $2,599 4.95%
    American Indian 4 $430,000 $107,500 $2,424 4.86%
    Chinese 1 $185,000 $185,000 $0 4.95%
    Black 2 $150,000 $75,000 $1,366 5.15%

    Approval Rates

    Total approvals of all applications
    94.32%

    Starion Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.64%

    Starion Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 365 $134,415,000 $368,260

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $65,190,000 $2,963,182
    Single Family (1-4 Units):Manufactured 6 $930,000 $155,000
    Single Family (1-4 Units):Site-Built 337 $68,295,000 $202,656

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $9,060,000 $196,957 $2,429 4.87%
    40-60% 46 $16,010,000 $348,043 $3,404 4.44%
    60-80% 139 $73,335,000 $527,590 $3,503 4.39%
    80-100% 107 $26,765,000 $250,140 $4,276 4.17%
    Over 100% 1 $6,485,000 $6,485,000 $0 5.50%
    Under 20% 26 $2,760,000 $106,154 $312 5.61%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Stearns Ventures, LLC VA mortgage Trouble during payment process 2 7.1%
    Stearns Ventures, LLC FHA mortgage Trouble during payment process 4 14.3%
    Stearns Ventures, LLC Other type of mortgage Trouble during payment process 1 3.6%
    Stearns Ventures, LLC Conventional home mortgage Closing on a mortgage 3 10.7%
    Stearns Ventures, LLC Conventional home mortgage Trouble during payment process 17 60.7%
    Stearns Ventures, LLC FHA mortgage Struggling to pay mortgage 1 3.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Starion Bank 109 First Street, N.W. Mandan, ND 58554 Full Service B&M $276,693
    Starion Bank 11 Main Street Ne Dunseith, ND 58329 Full Service B&M $24,033
    Starion Bank 100 Main Street Ellendale, ND 58436 Full Service B&M $56,689
    Starion Bank 1000 South Washington Street Bismarck, ND 58502 Full Service B&M $38,548
    Starion Bank 1300 Skyline Blvd Suite 101 Bismarck, ND 58503 Full Service B&M $6,984
    Starion Bank 1651 John Q. Hammons Drive Middleton, WI 53562 Full Service B&M $92,621
    Starion Bank 2525 University Drive South Fargo, ND 58103 Full Service B&M $10,063
    Starion Bank 2754 Brandt Drive South Fargo, ND 58104 Full Service B&M $109,518
    Starion Bank 2900 North Washington Street Bismarck, ND 58502 Full Service B&M $82,094
    Starion Bank 309 Broadway N Fargo, ND 58102 Full Service B&M $197
    Starion Bank 333 North Fourth Street Bismarck, ND 58501 Full Service B&M $251,841
    Starion Bank 350 South Grand Avenue Sun Prairie, WI 53590 Full Service B&M $16,280
    Starion Bank 5900 Gisholt Dr Madison, WI 53713 Full Service B&M $35,612
    Starion Bank 601 Main Avenue Oakes, ND 58474 Full Service B&M $48,758
    Starion Bank 804 East 11th Street Bottineau, ND 58318 Full Service B&M $11,235
    Starion Bank Main And 3rd Se Rolla, ND 58367 Full Service B&M $23,624

    For 2019, Starion Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $59,252
    Net interest income $45,767
    Total noninterest income $6,664
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,372
    Trading account gains and fees $0
    Additional Noninterest Income $5,292
    Pre-tax net operating income $18,791
    Securities gains (or losses, -) $41
    Income before extraordinary items $18,832
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,832
    Minority interest net income $0
    Net income $18,832
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,791

    Starion Bank's gross interest income from loans was $59,252,000.
    Starion Bank's net interest income from loans was $45,767,000.
    Starion Bank's fee based income from loans was $1,372,000.
    Starion Bank's net income from loans was $18,832,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,485
    Provision for credit losses $1,750
    Total noninterest expense $31,890
    Salaries and employee benefits $19,380
    Premises and equipment expense $3,964
    Additional noninterest expense $8,546
    Applicable income taxes $0
    Net charge-offs $73
    Cash dividends $9,440

    Starion Bank's interest expense for loans was $13,485,000.
    Starion Bank's payroll and benefits expense were $19,380,000.
    Starion Bank's property, plant and equipment expenses $3,964,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 4.0%
    All other family 1.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,127,182
    Deposits held in domestic offices $1,127,182
    Deposits by Individuals, partnerships, and corporations $974,286
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $151,661
    Deposits by Commercial banks and other depository institutions in U.S. $1,235
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $125,829
    Demand deposits $79,314
    Nontransaction accounts $1,001,353
    Money market deposit accounts (MMDAs) $280,368
    Other savings deposits (excluding MMDAs) $413,747
    Total time deposits $307,239
    Total time and savings deposits $1,047,868
    Noninterest-bearing deposits $205,952
    Interest-bearing deposits $921,230
    Retail deposits $962,153
    IRAs and Keogh plan accounts $14,970
    Brokered deposits $42,144
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,376,396
    Cash & Balances due from depository institutions $34,122
    Interest-bearing balances $16,593
    Total securities $362,058
    Federal funds sold & reverse repurchase $0
    Net loans and leases $938,147
    Loan and leases loss allowance $11,734
    Trading account assets $0
    Bank premises and fixed assets $20,763
    Other real estate owned $630
    Goodwill and other intangibles $5,374
    All other assets $15,302

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,376,396
    Total Liabilities $1,215,842
    Total deposits $1,127,182
    Interest-bearing deposits $921,230
    Deposits held in domestic offices $1,127,182
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $7,200
    Trading liabilities $0
    Other borrowed funds $74,485
    Subordinated debt $0
    All other liabilities $6,975

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $938,147
    Loan and leases loss allowance $11,734
    Total loans and leases (domestic) $949,881
    All real estate loans $647,689
    Real estate loans in domestic offices $647,689
    Construction and development loans $67,723
    Residential 1-4 family construction $8,543
    Other construction, all land development and other land $59,180
    Loans secured by nonfarm nonresidential properties $287,090
    Nonfarm nonresidential secured by owner-occupied properties $115,673
    Commercial real estate & other non-farm, non-residential $171,417
    Multifamily residential real estate $91,563
    1-4 family residential loans $124,846
    Farmland loans $76,467
    Loans held in foreign offices $0
    Farm loans $80,262
    Commercial and industrial loans $151,241
    To non-U.S. addressees $0
    Loans to individuals $28,360
    Credit card loans $0
    Related Plans $6,690
    Consumer Auto Loans $16,268
    Other loans to individuals $5,402
    All other loans & leases $42,329
    Loans to foreign governments and official institutions $0
    Other loans $3,483
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $8,785
    Non 1-4 family restructured loans & leases $8,785
    Total loans and leases (foreign) $0

    Starion Bank had $938,147,000 of loans outstanding in 2019. $647,689,000 of loans were in real estate loans. $67,723,000 of loans were in development loans. $91,563,000 of loans were in multifamily mortgage loans. $124,846,000 of loans were in 1-4 family mortgage loans. $80,262,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,268,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 293 $64,388 $219,754
    Nonfarm, nonresidential loans - <$100k 45 $1,831 $40,689
    Nonfarm, nonresidential loans - $100-250k 89 $10,139 $113,921
    Nonfarm, nonresidential loans - $250k-1MM 159 $52,418 $329,673
    Commercial & Industrial, US addressed loans - <$1MM 879 $56,734 $64,544
    Commercial & Industrial, US addressed loans - <$100k 403 $7,794 $19,340
    Commercial & Industrial, US addressed loans - $100-250k 201 $11,133 $55,388
    Commercial & Industrial, US addressed loans - $250k-1MM 275 $37,807 $137,480
    Farmland loans - <$1MM 168 $20,206 $120,274
    Farmland loans - <$100k 48 $2,057 $42,854
    Farmland loans - $100-250k 75 $8,824 $117,653
    Farmland loans - $250k-1MM 45 $9,325 $207,222
    Agriculture operations loans - <$1MM 449 $20,783 $46,287
    Agriculture operations loans - <$100k 165 $2,826 $17,127
    Agriculture operations loans - $100-250k 149 $6,823 $45,792
    Agriculture operations loans - $250k-1MM 135 $11,134 $82,474