Sentry Bank Mortgage Rates, Fees & Info

Saint Joseph, MN

LEI: 5493009L8OBHJQW5DQ13

Tax ID: 41-0257190

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

Jump to:

Mortgage Data

Review & Overview

Sentry Bank is a smaller bank specializing in Home Purchase loans. Sentry Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, St. Cloud, Key West, Brainerd, and Grand Rapids among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sentry 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.

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

68

Origination Dollar Volume (All Markets)

$23,040,000

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) 9 $9,325,000 $1,036,111 $0 0.00%
ST. CLOUD, MN (FHA|USDA|VA) 45 $9,135,000 $203,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 3 $905,000 $301,667 $0 0.00%
Outside of Metro Areas 6 $660,000 $110,000 $0 0.00%
Grand Rapids, MN (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Bemidji, MN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Sentry Bank's top markets include Minneapolis, St. Cloud, Key West, Brainerd, and Grand Rapids among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $23,040,000 $338,824 $0 0.00%

    For 2023, Sentry Bank's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $21,045,000 $397,075 $0 0.00%
    Cash Out Refi 7 $1,135,000 $162,143 $0 0.00%
    Other 4 $410,000 $102,500 $0 0.00%
    Home Improvement 3 $205,000 $68,333 $0 0.00%
    Refi 1 $245,000 $245,000 $0 0.00%

    For 2023, Sentry Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $23,040,000 $338,824 $0 0.00%

    For 2023, Sentry Bank's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,025,000 $144,048 $0 0.00%
    $200k-400k 20 $5,600,000 $280,000 $0 0.00%
    $100,000 or less 16 $970,000 $60,625 $0 0.00%
    $400k-600k 6 $2,910,000 $485,000 $0 0.00%
    $1MM+ 3 $9,205,000 $3,068,333 $0 0.00%
    $600k-1MM 2 $1,330,000 $665,000 $0 0.00%

    2023 saw Sentry Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $1,090,000 $136,250 $0 0.00%
    $150k-250k 7 $2,135,000 $305,000 $0 0.00%
    $100k-150k 5 $1,135,000 $227,000 $0 0.00%
    $250k+ 3 $1,255,000 $418,333 $0 0.00%
    $75k-100k 3 $925,000 $308,333 $0 0.00%
    $50k or less 2 $310,000 $155,000 $0 0.00%

    Sentry Bank lent most frequently to those with incomes in the $50k-75k range, with 8 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% 68 $23,040,000 $338,824 $0 0.00%

    Sentry Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $15,680,000 $412,632 $0 0.00%
    White 28 $7,070,000 $252,500 $0 0.00%
    Asian 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.68%

    Sentry 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 origination
    89.71%

    Sentry Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $23,040,000 $338,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $23,040,000 $338,824