The First National Bank Of Le Center Mortgage Rates, Fees & Info

Le Center, MN

LEI: 5493002XYKZPDHNHJY97

Tax ID: 41-0371076

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The First National Bank Of Le Center is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Le Center has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Faribault, Mankato, and Hutchinson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank Of Le Center has an above average approval rate when compared to the average across all 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.

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    Originations

    33

    Origination Dollar Volume (All Markets)

    $7,995,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 22 $5,670,000 $257,727 $0 0.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 6 $1,510,000 $251,667 $0 0.00%
    Outside of Metro Areas 2 $370,000 $185,000 $0 0.00%
    MANKATO, MN (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
    Hutchinson, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    The First National Bank Of Le Center's top markets include Minneapolis, Faribault, Mankato, and Hutchinson among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $7,995,000 $242,273 $0 0.00%

    For 2023, The First National Bank Of Le Center's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $4,710,000 $294,375 $0 0.00%
    Refi 12 $2,650,000 $220,833 $0 0.00%
    Home Improvement 5 $635,000 $127,000 $0 0.00%

    For 2023, The First National Bank Of Le Center's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $7,995,000 $242,273 $0 0.00%

    For 2023, The First National Bank Of Le Center's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,100,000 $292,857 $0 0.00%
    $100k-200k 9 $1,285,000 $142,778 $0 0.00%
    $100,000 or less 7 $395,000 $56,429 $0 0.00%
    $600k-1MM 2 $1,620,000 $810,000 $0 0.00%
    $400k-600k 1 $595,000 $595,000 $0 0.00%

    2023 saw The First National Bank Of Le Center place emphasis on $200k-400k loans with 14 originations, totaling $4,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,975,000 $219,444 $0 0.00%
    $150k-250k 7 $2,215,000 $316,429 $0 0.00%
    $50k-75k 6 $830,000 $138,333 $0 0.00%
    $75k-100k 6 $1,100,000 $183,333 $0 0.00%
    $250k+ 4 $1,530,000 $382,500 $0 0.00%
    $50k or less 1 $345,000 $345,000 $0 0.00%

    The First National Bank Of Le Center lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $7,995,000 $242,273 $0 0.00%

    The First National Bank Of Le Center lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $7,820,000 $244,375 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The First National Bank Of Le Center 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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $7,995,000 $242,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    33 $7,995,000 $242,273