Sentry Bank Mortgage Rates, Fees & Info
Saint Joseph, MNLEI: 5493009L8OBHJQW5DQ13
Tax ID: 41-0257190
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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.
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Originations
68Origination Dollar Volume (All Markets)
$23,040,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Sentry Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,025,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications98.68%
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 origination89.71%
Sentry Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $23,040,000 | $338,824 |