Valley Premier Bank Mortgage Rates, Fees & Info
Hawley, MNLEI: 549300BQRQCIPWG06A21
Tax ID: 41-0557030
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Mortgage Data
Review & Overview
Valley Premier Bank is a smaller bank specializing in Other and Home Purchase loans. Valley Premier Bank has a high proportion of conventional loans. Their top (well, only) market is Fargo.Valley Premier 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
22Origination Dollar Volume (All Markets)
$1,520,000Top 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 |
|---|---|---|---|---|---|
| FARGO, ND-MN (FHA|USDA|VA) | 18 | $1,260,000 | $70,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $260,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $1,520,000 | $69,091 | $0 | 0.00% |
For 2018, Valley Premier Bank's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2018, Valley Premier Bank's most frequently cited loan purpose was Other, with 11 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $1,520,000 | $69,091 | $0 | 0.00% |
For 2018, Valley Premier Bank's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 18 | $900,000 | $50,000 | $0 | 0.00% |
| $100k-200k | 3 | $375,000 | $125,000 | $0 | 0.00% |
| $200k-400k | 1 | $245,000 | $245,000 | $0 | 0.00% |
2018 saw Valley Premier Bank place emphasis on $100,000 or less loans with 18 originations, totaling $900,000 in origination value.
Applicant Income
Valley Premier Bank lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $1,520,000 | $69,091 | $0 | 0.00% |
Valley Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $1,435,000 | $68,333 | $0 | 0.00% |
| Not applicable | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Valley Premier Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.36%
Valley Premier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $1,520,000 | $69,091 |