Bremer Bank Mortgage Rates, Fees & Info
St. Paul, MNLEI: 54930082GM1TWV6QVI24
Tax ID: 41-0224890
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Mortgage Data
Review & Overview
Bremer Bank is a small bank specializing in Home Purchase loans. Bremer Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Rochester, Grand Forks, Brainerd, and St. Cloud among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Bremer Bank 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. Bremer Bank is typically an average 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.99% | 11/30/23 |
| 30 Year Conventional Purchase | 6.38% | 11/30/23 |
| 30 Year Conventional Refi | 6.03% | 11/30/23 |
| 30 Year Cash-out Refi | 6.42% | 11/30/23 |
| 30 Year FHA Purchase | 7.28% | 11/30/23 |
| 30 Year FHA Refi | 7.46% | 11/30/23 |
| 30 Year VA Purchase | 6.01% | 11/30/23 |
| 30 Year VA Refi | 6.27% | 11/30/23 |
| 30 Year USDA Purchase | 6.73% | 11/30/23 |
| 15 Year Conventional Purchase | 5.62% | 11/30/23 |
| 15 Year Conventional Refi | 5.71% | 11/30/23 |
| 15 Year Cash-out Refi | 5.71% | 11/30/23 |
| 15 Year FHA Refi | 5.68% | 11/30/23 |
| 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. | ||
Bremer Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Bremer Bank. 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
3,412Origination Dollar Volume (All Markets)
$1,030,440,000Awards
Bremer Bank - 2022
Bremer Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Bremer Bank's average 30 year fixed mortgage rate was
5.27%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.51%.
Relative Fees (Closing Costs)
Bremer Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,062.
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 $4,750.
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) | 889 | $334,205,000 | $375,934 | $6,927 | 5.11% |
| Outside of Metro Areas | 630 | $119,110,000 | $189,063 | $4,976 | 5.22% |
| ROCHESTER, MN (FHA|USDA|VA) | 235 | $65,695,000 | $279,553 | $6,518 | 5.15% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 191 | $57,115,000 | $299,031 | $5,181 | 5.01% |
| Brainerd, MN (FHA|USDA|VA) | 112 | $55,110,000 | $492,054 | $7,019 | 5.17% |
| ST. CLOUD, MN (FHA|USDA|VA) | 181 | $43,505,000 | $240,359 | $5,503 | 5.34% |
| FARGO, ND-MN (FHA|USDA|VA) | 170 | $42,160,000 | $248,000 | $5,456 | 5.04% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $37,350,000 | $9,337,500 | $2,467 | 3.88% |
| Fergus Falls, MN (FHA|USDA|VA) | 105 | $26,785,000 | $255,095 | $6,021 | 4.92% |
| MANKATO, MN (FHA|USDA|VA) | 65 | $25,715,000 | $395,615 | $5,911 | 5.09% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 60 | $24,210,000 | $403,500 | $4,283 | 5.09% |
| RACINE, WI (FHA|USDA|VA) | 2 | $23,440,000 | $11,720,000 | $0 | 4.83% |
| Willmar, MN (FHA|USDA|VA) | 97 | $20,225,000 | $208,505 | $4,474 | 4.94% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 72 | $20,190,000 | $280,417 | $3,884 | 4.94% |
| Alexandria, MN (FHA|USDA|VA) | 110 | $18,720,000 | $170,182 | $5,387 | 5.33% |
| Marshall, MN (FHA|USDA|VA) | 86 | $13,030,000 | $151,512 | $4,406 | 5.37% |
| BISMARCK, ND (FHA|USDA|VA) | 29 | $9,585,000 | $330,517 | $5,411 | 4.34% |
| Menomonie, WI (FHA|USDA|VA) | 45 | $8,695,000 | $193,222 | $3,706 | 5.02% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $7,795,000 | $410,263 | $8,035 | 4.84% |
| Owatonna, MN (FHA|USDA|VA) | 31 | $6,745,000 | $217,581 | $6,326 | 5.19% |
| Minot, ND (FHA|USDA|VA) | 28 | $6,530,000 | $233,214 | $5,822 | 4.41% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 45 | $6,325,000 | $140,556 | $4,161 | 5.18% |
| DULUTH, MN-WI (FHA|USDA|VA) | 23 | $4,935,000 | $214,565 | $4,667 | 5.32% |
| Winona, MN (FHA|USDA|VA) | 34 | $4,800,000 | $141,176 | $3,940 | 5.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $4,255,000 | $472,778 | $9,427 | 4.84% |
| Austin, MN (FHA|USDA|VA) | 26 | $4,230,000 | $162,692 | $5,204 | 4.87% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,745,000 | $549,000 | $11,507 | 5.10% |
| Albert Lea, MN (FHA|USDA|VA) | 7 | $2,555,000 | $365,000 | $5,067 | 4.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $2,525,000 | $841,667 | $5,942 | 5.27% |
| Grand Rapids, MN (FHA|USDA|VA) | 5 | $2,495,000 | $499,000 | $7,907 | 4.60% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $15,360 | 3.88% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $5,446 | 4.95% |
| Jamestown, ND (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $6,714 | 4.28% |
| MADISON, WI (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $3,745 | 4.92% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $1,685,000 | $561,667 | $5,131 | 4.92% |
| Hutchinson, MN (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $4,780 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $14,240 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $9,906 | 3.63% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $5,693 | 4.75% |
| Bemidji, MN (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $5,671 | 5.60% |
| OCALA, FL (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $7,197 | 5.48% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $13,511 | 2.88% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,723 | 3.84% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $5,059 | 5.11% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $3,114 | 2.88% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $12,147 | 3.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,658 | 5.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,300 | 4.75% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $7,820 | 4.38% |
| Stevens Point, WI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,012 | 4.79% |
| Brevard, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 5.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,141 | 6.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 4.63% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,344 | 3.94% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 5.03% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,966 | 3.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,924 | 4.50% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,141 | 5.92% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,541 | 4.25% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,275 | 6.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,261 | 5.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.50% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,243 | 3.75% |
| Dickinson, ND (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $3,087 | 4.96% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,671 | 6.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,494 | 6.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,027 | 6.13% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,962 | 4.50% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,643 | 6.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.80% |
| Yankton, SD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.80% |
| New Ulm, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.05% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bremer Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Bremer Bank's most frequently originated type of loan was Conventional, with 2,086 originations. Their 2nd most popular type was HELOC, with 1,214 originations.
Loan Reason
For 2022, Bremer Bank's most frequently cited loan purpose was Home Purchase, with 1,638 originations. The 2nd most popular reason was Other, with 723 originations.
Loan Duration/Length
For 2022, Bremer Bank's most frequently cited loan duration was 30 Year, with 2,930 originations. The 2nd most popular length was 15 Year, with 209 originations.
Origination Fees/Closing Costs
Bremer Bank's average total fees were $6,062, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 478 originations.
Interest Rates
During 2022, Bremer Bank's average interest rate for loans was 5.27%, while their most frequently originated rate bucket for loans was 4-5%, with 964 originations.
Loan Sizing
2022 saw Bremer Bank place emphasis on $100,000 or less loans with 952 originations, totaling $49,070,000 in origination value.
Applicant Income
Bremer Bank lent most frequently to those with incomes in the $100k-150k range, with 673 originations. The second most popular income band? $50k-75k, with 561 originations.
Applicant Debt to Income Ratio
Bremer Bank lent most frequently to those with DTI ratios of 20-30%, with 755 originations. The next most common DTI ratio? 30-36%, with 604 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.68%
Bremer Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.94%
Bremer Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $15,000 | $15,000 |
| 13.0 | 1 | $15,000 | $15,000 |
| NA | 3,410 | $1,030,410,000 | $302,173 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,412 | $1,030,440,000 | $302,005 |