Pine River State Bank Mortgage Rates, Fees & Info

Pine River, MN

LEI: 5493003VXRP1TSRJCM25

Tax ID: 41-0482260

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

Jump to:

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.

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.


Originations

66

Origination Dollar Volume (All Markets)

$9,160,000

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
Outside of Metro Areas 51 $5,915,000 $115,980 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 15 $3,245,000 $216,333 $0 0.00%
Pine River State Bank's top markets include and Minneapolis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $9,160,000 $138,788 $0 0.00%

    For 2018, Pine River State Bank's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $5,995,000 $162,027 $0 0.00%
    Refi 14 $1,730,000 $123,571 $0 0.00%
    Other 8 $520,000 $65,000 $0 0.00%
    Home Improvement 7 $915,000 $130,714 $0 0.00%

    For 2018, Pine River State Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $9,160,000 $138,788 $0 0.00%

    For 2018, Pine River State Bank's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,455,000 $50,172 $0 0.00%
    $100k-200k 23 $3,375,000 $146,739 $0 0.00%
    $200k-400k 11 $2,575,000 $234,091 $0 0.00%
    $400k-600k 2 $1,090,000 $545,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2018 saw Pine River State Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,200,000 $85,714 $0 0.00%
    $50k-75k 13 $1,395,000 $107,308 $0 0.00%
    $75k-100k 11 $1,545,000 $140,455 $0 0.00%
    $100k-150k 10 $1,450,000 $145,000 $0 0.00%
    $150k-250k 10 $1,420,000 $142,000 $0 0.00%
    $250k+ 2 $770,000 $385,000 $0 0.00%

    Pine River State Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $9,160,000 $138,788 $0 0.00%

    Pine River State Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $5,825,000 $109,906 $0 0.00%
    Not applicable 5 $1,335,000 $267,000 $0 0.00%
    Not provided 2 $700,000 $350,000 $0 0.00%
    Chinese 2 $640,000 $320,000 $0 0.00%
    Asian 3 $575,000 $191,667 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.56%

    Pine River State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Pine River State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $9,160,000 $138,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $395,000 $79,000
    Single Family (1-4 Units):Site-Built 61 $8,765,000 $143,689