Pine River State Bank Mortgage Rates, Fees & Info
Pine River, MNLEI: 5493003VXRP1TSRJCM25
Tax ID: 41-0482260
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Mortgage Data
Review & Overview
Pine River State Bank is a smaller bank specializing in Home Purchase loans. Pine River State Bank has a high proportion of conventional loans. Their top (well, only) market is Minneapolis.Pine River State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
65Origination Dollar Volume (All Markets)
$12,785,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 49 | $9,115,000 | $186,020 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 16 | $3,670,000 | $229,375 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $12,785,000 | $196,692 | $0 | 0.00% |
For 2023, Pine River State Bank's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2023, Pine River State Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Other, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $12,785,000 | $196,692 | $0 | 0.00% |
For 2023, Pine River State Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2023 saw Pine River State Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,515,000 in origination value.
Applicant Income
Pine River State Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $12,785,000 | $196,692 | $0 | 0.00% |
Pine River State Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.04%
Pine River State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.46%
Pine River State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $12,785,000 | $196,692 |