Eitzen State Bank Mortgage Rates, Fees & Info
Caledonia, MNLEI: 5493001HOFQNI04A3474
Tax ID: 41-0234295
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Mortgage Data
Review & Overview
Eitzen State Bank is a smaller bank specializing in Home Purchase and Refi loans. Eitzen State Bank has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Rochester, Winona, Minneapolis, and Waterloo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Eitzen State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
86Origination Dollar Volume (All Markets)
$14,450,000Top 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 |
|---|---|---|---|---|---|
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 51 | $9,335,000 | $183,039 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,835,000 | $141,154 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 10 | $1,610,000 | $161,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 10 | $1,530,000 | $153,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $14,450,000 | $168,023 | $0 | 0.00% |
For 2019, Eitzen State Bank's most frequently originated type of loan was Conventional, with 86 originations.
Loan Reason
For 2019, Eitzen State Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 86 | $14,450,000 | $168,023 | $0 | 0.00% |
For 2019, Eitzen State Bank's most frequently cited loan duration was Other, with 86 originations.
Loan Sizing
2019 saw Eitzen State Bank place emphasis on $100k-200k loans with 35 originations, totaling $5,085,000 in origination value.
Applicant Income
Eitzen State Bank lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 86 | $14,450,000 | $168,023 | $0 | 0.00% |
Eitzen State Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.85%
Eitzen State 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 origination94.19%
Eitzen State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 86 | $14,450,000 | $168,023 |