The Dart Bank Mortgage Rates, Fees & Info
Mason, MILEI: 5493008P6YO2KM3EO556
Tax ID: 38-0464116
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Mortgage Data
Review & Overview
The Dart Bank is a smaller bank specializing in Home Purchase loans. The Dart 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: Lansing, Detroit, Grand Rapids, Jackson, and Ann Arbor among others. We have data for 67 markets. (Some data included below & more in-depth data is available with an active subscription.)The Dart 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. The Dart Bank 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 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.
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 | 6.66% | 11/17/24 |
| 30 Year Conventional Refi | 6.73% | 11/17/24 |
| 30 Year Cash-out Refi | 6.78% | 11/17/24 |
| 30 Year FHA Purchase | 7.57% | 11/17/24 |
| 30 Year FHA Refi | 7.47% | 11/17/24 |
| 30 Year VA Purchase | 6.57% | 11/17/24 |
| 30 Year USDA Purchase | 6.90% | 11/17/24 |
| 15 Year Conventional Purchase | 6.22% | 11/17/24 |
| 15 Year Conventional Refi | 6.21% | 11/17/24 |
| 15 Year Cash-out Refi | 6.21% | 11/17/24 |
| 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. | ||
The Dart Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from The Dart 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
1,728Origination Dollar Volume (All Markets)
$506,400,000Awards
The Dart Bank - 2023
The Dart Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
The Dart Bank's average 30 year fixed mortgage rate was
6.86%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.38%.
Relative Fees (Closing Costs)
The Dart Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,344.
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 $9,089.
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 |
|---|---|---|---|---|---|
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 751 | $175,065,000 | $233,109 | $3,862 | 6.93% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 191 | $93,125,000 | $487,565 | $5,017 | 6.79% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 213 | $63,425,000 | $297,770 | $4,867 | 6.90% |
| JACKSON, MI (FHA|USDA|VA) | 117 | $26,365,000 | $225,342 | $3,836 | 6.99% |
| Outside of Metro Areas | 98 | $23,930,000 | $244,184 | $4,916 | 7.20% |
| ANN ARBOR, MI (FHA|USDA|VA) | 39 | $17,505,000 | $448,846 | $4,152 | 6.89% |
| Holland, MI (FHA|USDA|VA) | 38 | $13,500,000 | $355,263 | $6,088 | 6.99% |
| FLINT, MI (FHA|USDA|VA) | 34 | $13,480,000 | $396,471 | $4,916 | 6.96% |
| Traverse City, MI (FHA|USDA|VA) | 22 | $8,190,000 | $372,273 | $4,809 | 7.23% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 13 | $7,205,000 | $554,231 | $6,522 | 6.86% |
| MIDLAND, MI (FHA|USDA|VA) | 20 | $6,520,000 | $326,000 | $5,019 | 7.14% |
| Mount Pleasant, MI (FHA|USDA|VA) | 30 | $4,520,000 | $150,667 | $3,688 | 7.01% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 14 | $4,390,000 | $313,571 | $5,874 | 6.94% |
| Adrian, MI (FHA|USDA|VA) | 13 | $4,315,000 | $331,923 | $3,354 | 6.72% |
| SAGINAW, MI (FHA|USDA|VA) | 14 | $4,230,000 | $302,143 | $5,058 | 7.15% |
| MUSKEGON, MI (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $5,765 | 6.71% |
| Alma, MI (FHA|USDA|VA) | 11 | $2,365,000 | $215,000 | $4,907 | 6.81% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $4,117 | 6.86% |
| Hillsdale, MI (FHA|USDA|VA) | 8 | $2,180,000 | $272,500 | $3,979 | 6.72% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,995,000 | $665,000 | $7,048 | 6.79% |
| Big Rapids, MI (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $4,106 | 7.24% |
| Seneca, SC (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $9,096 | 7.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $7,935 | 6.38% |
| MADISON, WI (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $3,497 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $5,417 | 6.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $6,748 | 6.92% |
| MONROE, MI (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $3,927 | 6.37% |
| BAY CITY, MI (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $4,228 | 6.87% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $6,191 | 7.04% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $5,599 | 6.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $8,520 | 6.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $6,667 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,441 | 7.25% |
| Cadillac, MI (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,396 | 7.29% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,405 | 7.31% |
| NILES, MI (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,360 | 6.63% |
| Ludington, MI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,382 | 6.19% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,750 | 5.99% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,190 | 7.62% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,602 | 7.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,606 | 5.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,517 | 7.91% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,476 | 6.99% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,476 | 6.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,557 | 7.74% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,037 | 6.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,974 | 5.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,231 | 7.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,315 | 6.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,934 | 5.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,551 | 6.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,537 | 6.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,555 | 6.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,326 | 6.74% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,969 | 6.69% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,253 | 7.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,399 | 7.24% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,348 | 7.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,675 | 7.99% |
| Angola, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,409 | 6.50% |
| Marietta, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,285 | 5.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,554 | 5.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,591 | 7.13% |
| Marquette, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,529 | 7.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,060 | 5.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $465 | 8.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Dart 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 2023, The Dart Bank's most frequently originated type of loan was Conventional, with 1,607 originations. Their 2nd most popular type was FHA, with 88 originations.
Loan Reason
For 2023, The Dart Bank's most frequently cited loan purpose was Home Purchase, with 1,543 originations. The 2nd most popular reason was Home Improvement, with 58 originations.
Loan Duration/Length
For 2023, The Dart Bank's most frequently cited loan duration was 30 Year, with 1,303 originations. The 2nd most popular length was 30+ year, with 291 originations.
Origination Fees/Closing Costs
The Dart Bank's average total fees were $4,344, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,157 originations.
Interest Rates
During 2023, The Dart Bank's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was 6-7%, with 863 originations.
Loan Sizing
2023 saw The Dart Bank place emphasis on $200k-400k loans with 692 originations, totaling $195,060,000 in origination value.
Applicant Income
The Dart Bank lent most frequently to those with incomes in the $100k-150k range, with 425 originations. The second most popular income band? $150k-250k, with 353 originations.
Applicant Debt to Income Ratio
The Dart Bank lent most frequently to those with DTI ratios of 30-36%, with 326 originations. The next most common DTI ratio? 20-30%, with 280 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.37%
The Dart Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.84%
The Dart Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,728 | $506,400,000 | $293,056 |