Dakota Community Bank & Trust Mortgage Rates, Fees & Info

Hebron, ND

LEI: 5493002POZ4RFS6X0Z30

Tax ID: 45-0192605

5 stars - Updated: 4/5/25 - out of 5 stars, based on 18 reviews

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

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  • 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

    Dakota Community Bank & Trust is a smaller bank specializing in Home Purchase loans. Dakota Community Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Dickinson, Spearfish, Phoenix, and Williston among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dakota Community Bank & Trust 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. Dakota Community Bank & Trust 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 6.35% 4/5/25
    30 Year Conventional Refi 6.72% 4/5/25
    30 Year Cash-out Refi 6.72% 4/5/25
    30 Year FHA Purchase 6.43% 4/5/25
    30 Year FHA Refi 6.27% 4/5/25
    30 Year VA Purchase 5.98% 4/5/25
    30 Year USDA Purchase 5.81% 4/5/25
    15 Year Conventional Purchase 6.11% 4/5/25
    15 Year Conventional Refi 6.00% 4/5/25
    15 Year Cash-out Refi 6.00% 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.

    Dakota Community Bank & Trust Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Dakota Community Bank & Trust. 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

    310

    Origination Dollar Volume (All Markets)

    $81,290,000
    Show all (8) awards

    Relative Rate

    Dakota Community Bank & Trust's average 30 year fixed mortgage rate was 5.97%.

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

    This yields a difference of -0.58%.

    Relative Fees (Closing Costs)

    Dakota Community Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $6,575.

    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
    BISMARCK, ND (FHA|USDA|VA) 165 $43,265,000 $262,212 $5,597 6.44%
    Dickinson, ND (FHA|USDA|VA) 96 $25,490,000 $265,521 $5,960 6.34%
    Outside of Metro Areas 35 $8,115,000 $231,857 $6,585 6.38%
    Spearfish, SD (FHA|USDA|VA) 3 $1,315,000 $438,333 $4,800 6.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $675,000 $675,000 $0 6.99%
    Williston, ND (FHA|USDA|VA) 2 $430,000 $215,000 $6,897 6.13%
    FARGO, ND-MN (FHA|USDA|VA) 1 $395,000 $395,000 $13,743 6.13%
    OCALA, FL (FHA|USDA|VA) 1 $345,000 $345,000 $7,636 6.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $315,000 $315,000 $6,022 7.21%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $305,000 $305,000 $8,047 7.00%
    Jasper, IN (FHA|USDA|VA) 1 $185,000 $185,000 $4,325 6.38%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $4,537 6.38%
    Palatka, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,719 7.13%
    Fergus Falls, MN (FHA|USDA|VA) 1 $115,000 $115,000 $4,034 6.50%
    Dakota Community Bank & Trust's top markets include Bismarck, Dickinson, Spearfish, Phoenix, and Williston among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Dakota Community Bank & Trust 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: 40
    CAPITAL CREDIT UNION
    Similarity Rank: 304
    Dakota Community Bank & Trust
    Similarity Rank: 336
    Starion Bank
    Similarity Rank: 345
    First Western Bank & Trust
    Similarity Rank: 578
    Choice Financial Group
    Similarity Rank: 680
    First International Bank & Trust
    Similarity Rank: 975
    Gate City Bank
    Similarity Rank: 1248
    Mortgage Research Center, LLC
    Similarity Rank: 4590
    Bank of England
    Similarity Rank: 4688

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 242 $61,470,000 $254,008 $4,750 6.62%
    FHA 39 $10,335,000 $265,000 $9,824 5.79%
    VA 15 $5,625,000 $375,000 $7,402 5.73%
    USDA 14 $3,860,000 $275,714 $8,159 5.28%

    For 2024, Dakota Community Bank & Trust's most frequently originated type of loan was Conventional, with 242 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 255 $72,795,000 $285,471 $6,373 6.17%
    Cash Out Refi 17 $4,075,000 $239,706 $6,065 6.09%
    Home Improvement 14 $1,150,000 $82,143 $1,670 8.03%
    Other 13 $785,000 $60,385 $1,403 8.98%
    Refi 11 $2,485,000 $225,909 $3,006 7.39%

    For 2024, Dakota Community Bank & Trust's most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $59,190,000 $281,857 $6,575 5.97%
    Other 24 $6,940,000 $289,167 $2,129 7.69%
    15 Year 23 $3,625,000 $157,609 $3,799 6.46%
    20 Year 19 $5,715,000 $300,789 $3,265 6.67%
    10 Year 15 $2,075,000 $138,333 $1,320 8.42%
    1 Year 11 $3,005,000 $273,182 $0 6.89%
    5 Year 6 $390,000 $65,000 $851 8.27%
    3 Year 2 $350,000 $175,000 $11,107 10.25%

    For 2024, Dakota Community Bank & Trust's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was Other, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $12,310,000 $181,029
    $3k-4k 61 $18,665,000 $305,984
    $2k-3k 47 $8,955,000 $190,532
    $4k-5k 35 $12,635,000 $361,000
    $1k-2k 33 $4,475,000 $135,606
    $5k+ 26 $13,340,000 $513,077

    Dakota Community Bank & Trust's average total fees were $6,575, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 144 $44,000,000 $305,556
    5-6% 90 $24,190,000 $268,778
    4-5% 29 $6,915,000 $238,448
    Over 8% 24 $1,600,000 $66,667
    7-8% 23 $4,585,000 $199,348

    During 2024, Dakota Community Bank & Trust's average interest rate for loans was 5.97%, while their most frequently originated rate bucket for loans was 6-7%, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 137 $39,705,000 $289,818 $7,059 6.06%
    $100k-200k 80 $12,330,000 $154,125 $4,521 6.28%
    $100,000 or less 44 $2,310,000 $52,500 $1,810 7.86%
    $400k-600k 34 $16,230,000 $477,353 $8,044 6.25%
    $600k-1MM 14 $9,590,000 $685,000 $8,109 6.31%
    $1MM+ 1 $1,125,000 $1,125,000 $8,659 6.76%

    2024 saw Dakota Community Bank & Trust place emphasis on $200k-400k loans with 137 originations, totaling $39,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 69 $12,755,000 $184,855 $4,926 6.01%
    $100k-150k 61 $17,075,000 $279,918 $7,666 6.57%
    $75k-100k 58 $13,020,000 $224,483 $5,600 6.29%
    $150k-250k 49 $16,445,000 $335,612 $5,806 6.71%
    $50k or less 17 $2,445,000 $143,824 $3,277 5.89%
    $250k+ 15 $6,445,000 $429,667 $7,838 6.79%

    Dakota Community Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 69 originations. The second most popular income band? $100k-150k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 58 $15,470,000 $266,724 $6,067 6.29%
    20-30% 45 $10,555,000 $234,556 $5,061 6.20%
    <20% 25 $5,625,000 $225,000 $3,714 7.03%
    41% 12 $3,090,000 $257,500 $6,041 6.05%
    37% 11 $2,295,000 $208,636 $5,064 6.63%
    38% 11 $2,765,000 $251,364 $5,984 6.66%
    36% 11 $1,985,000 $180,455 $6,007 6.85%
    40% 11 $2,675,000 $243,182 $6,853 6.67%
    45% 11 $2,955,000 $268,636 $7,481 5.92%
    44% 10 $2,380,000 $238,000 $5,986 5.68%
    48% 10 $2,290,000 $229,000 $5,891 6.39%
    39% 10 $3,170,000 $317,000 $5,011 6.49%
    49% 9 $2,335,000 $259,444 $5,396 6.31%
    43% 9 $2,365,000 $262,778 $6,947 6.03%
    47% 8 $2,400,000 $300,000 $7,133 6.27%
    46% 8 $2,690,000 $336,250 $6,758 6.10%
    50-60% 8 $2,720,000 $340,000 $9,836 5.76%
    42% 5 $1,385,000 $277,000 $5,436 6.51%
    >60% 3 $775,000 $258,333 $2,607 6.45%

    Dakota Community Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 58 originations. The next most common DTI ratio? 20-30%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 264 $69,220,000 $262,197 $5,904 6.30%
    Not applicable 23 $7,585,000 $329,783 $8,659 6.79%
    Not provided 20 $3,410,000 $170,500 $4,300 7.35%
    Asian Indian 1 $475,000 $475,000 $16,905 5.63%
    American Indian 1 $335,000 $335,000 $11,107 9.50%
    Asian 1 $265,000 $265,000 $5,388 5.50%

    Approval Rates

    Total approvals of all applications
    93.91%

    Dakota Community Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.65%

    Dakota Community Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1865.0 1 $105,000 $105,000
    702.85 1 $25,000 $25,000
    755.0 1 $15,000 $15,000
    NA 307 $81,145,000 $264,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    310 $81,290,000 $262,226

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,565,000 $142,600 $3,083 6.54%
    40-60% 41 $9,525,000 $232,317 $4,520 6.59%
    60-80% 76 $23,020,000 $302,895 $6,167 6.46%
    80-100% 141 $43,065,000 $305,426 $6,951 5.94%
    Over 100% 3 $755,000 $251,667 $9,776 5.67%
    Under 20% 24 $1,360,000 $56,667 $1,232 8.62%