Servion Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300DRA4BDXW23LD45

Tax ID: 41-1592297

5 stars - Updated: 4/14/24 - out of 5 stars, based on 38 reviews

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

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Mortgage Data

Review & Overview

Servion is a smaller mortgage company specializing in Home Purchase loans. Servion has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Duluth, Billings, Chicago, and La Crosse among others. We have data for 223 markets. (Some data included below & more in-depth data is available with an active subscription.)

Servion 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. Servion 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.

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 6.71% 4/14/24
30 Year Conventional Refi 6.54% 4/14/24
30 Year Cash-out Refi 6.67% 4/14/24
30 Year FHA Purchase 7.23% 4/14/24
30 Year FHA Refi 7.01% 4/14/24
30 Year VA Purchase 6.15% 4/14/24
30 Year VA Refi 6.00% 4/14/24
30 Year USDA Purchase 6.65% 4/14/24
15 Year Conventional Purchase 6.12% 4/14/24
15 Year Conventional Refi 5.95% 4/14/24
15 Year Cash-out Refi 5.95% 4/14/24
15 Year FHA Purchase 5.68% 4/14/24
15 Year FHA Refi 6.94% 4/14/24
15 Year VA Purchase 5.38% 4/14/24
15 Year VA Refi 5.96% 4/14/24
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.

Servion Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Servion. 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

1,434

Origination Dollar Volume (All Markets)

$337,150,000
Show all (14) awards

Relative Rate

Servion's average 30 year fixed mortgage rate was 6.7%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.22%.

Relative Fees (Closing Costs)

Servion's average total fees/closing costs for a 30 year fixed rate mortgage were $5,768.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 182 $53,720,000 $295,165 $5,410 6.58%
Outside of Metro Areas 252 $44,740,000 $177,540 $5,088 6.70%
DULUTH, MN-WI (FHA|USDA|VA) 118 $25,010,000 $211,949 $5,299 6.90%
BILLINGS, MT (FHA|USDA|VA) 43 $16,275,000 $378,488 $7,260 6.48%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 39 $10,675,000 $273,718 $8,115 6.73%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 45 $10,445,000 $232,111 $3,482 6.59%
ST. CLOUD, MN (FHA|USDA|VA) 31 $7,885,000 $254,355 $5,407 6.53%
RAPID CITY, SD (FHA|USDA|VA) 20 $6,960,000 $348,000 $9,732 6.67%
ROCHESTER, MN (FHA|USDA|VA) 29 $6,135,000 $211,552 $4,687 6.53%
Brainerd, MN (FHA|USDA|VA) 21 $4,955,000 $235,952 $6,018 6.69%
LIMA, OH (FHA|USDA|VA) 24 $4,170,000 $173,750 $6,549 6.68%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 12 $3,960,000 $330,000 $6,033 6.65%
ALBUQUERQUE, NM (FHA|USDA|VA) 16 $3,890,000 $243,125 $5,171 6.52%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 22 $3,680,000 $167,273 $4,649 6.43%
TULSA, OK (FHA|USDA|VA) 14 $3,640,000 $260,000 $8,643 6.48%
SPRINGFIELD, MO (FHA|USDA|VA) 9 $2,945,000 $327,222 $6,744 6.78%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 13 $2,855,000 $219,615 $5,198 6.60%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $2,825,000 $313,889 $7,757 6.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,790,000 $465,000 $14,339 6.40%
CEDAR RAPIDS, IA (FHA|USDA|VA) 14 $2,610,000 $186,429 $5,050 6.26%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $2,525,000 $229,545 $5,136 6.49%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 9 $2,395,000 $266,111 $6,932 6.69%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $2,080,000 $346,667 $7,483 7.27%
Hutchinson, MN (FHA|USDA|VA) 10 $2,020,000 $202,000 $4,955 6.75%
CHEYENNE, WY (FHA|USDA|VA) 6 $1,950,000 $325,000 $6,866 6.79%
EVANSVILLE, IN-KY (FHA|USDA|VA) 11 $1,895,000 $172,273 $7,256 6.41%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 9 $1,875,000 $208,333 $5,731 7.18%
BAY CITY, MI (FHA|USDA|VA) 12 $1,860,000 $155,000 $2,980 7.04%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 9 $1,835,000 $203,889 $5,569 6.61%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $1,735,000 $247,857 $1,969 6.82%
SHEBOYGAN, WI (FHA|USDA|VA) 8 $1,710,000 $213,750 $2,695 6.69%
Georgetown, SC (FHA|USDA|VA) 8 $1,630,000 $203,750 $6,164 6.97%
GREEN BAY, WI (FHA|USDA|VA) 5 $1,565,000 $313,000 $3,803 6.60%
Outside of Metro Areas 1 $1,505,000 $1,505,000 $24,670 7.88%
Bemidji, MN (FHA|USDA|VA) 8 $1,490,000 $186,250 $4,793 6.70%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,490,000 $248,333 $5,973 7.21%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,480,000 $370,000 $6,786 7.03%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,460,000 $730,000 $22,100 6.69%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,370,000 $685,000 $7,286 6.44%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,365,000 $455,000 $9,459 6.08%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,360,000 $226,667 $7,618 6.48%
KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $1,345,000 $192,143 $3,969 6.77%
LINCOLN, NE (FHA|USDA|VA) 7 $1,305,000 $186,429 $3,964 6.57%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $7,719 6.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,245,000 $249,000 $5,690 6.95%
Wapakoneta, OH (FHA|USDA|VA) 7 $1,225,000 $175,000 $6,579 6.59%
Red Wing, MN (FHA|USDA|VA) 6 $1,220,000 $203,333 $3,779 6.48%
Manitowoc, WI (FHA|USDA|VA) 8 $1,210,000 $151,250 $4,276 6.86%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 8 $1,190,000 $148,750 $4,579 6.48%
Branson, MO (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,479 6.78%
MADISON, WI (FHA|USDA|VA) 5 $1,135,000 $227,000 $3,163 6.63%
Laramie, WY (FHA|USDA|VA) 5 $1,135,000 $227,000 $4,859 7.28%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,070,000 $535,000 $12,832 6.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $9,437 6.96%
CASPER, WY (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,118 7.17%
Watertown, SD (FHA|USDA|VA) 3 $1,025,000 $341,667 $7,505 6.54%
Kearney, NE (FHA|USDA|VA) 4 $1,020,000 $255,000 $5,847 7.16%
Augusta-Waterville, ME (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,376 6.65%
LOUISVILLE, KY (FHA|USDA|VA) 5 $965,000 $193,000 $5,737 6.45%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $945,000 $189,000 $4,882 6.83%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $920,000 $230,000 $4,743 6.16%
APPLETON, WI (FHA|USDA|VA) 4 $910,000 $227,500 $2,802 7.19%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $905,000 $181,000 $6,763 7.13%
Grand Rapids, MN (FHA|USDA|VA) 6 $900,000 $150,000 $4,626 6.69%
Galesburg, IL (FHA|USDA|VA) 8 $890,000 $111,250 $4,074 6.41%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $890,000 $445,000 $13,221 6.94%
Huron, SD (FHA|USDA|VA) 4 $890,000 $222,500 $7,461 6.09%
FORT COLLINS, CO (FHA|USDA|VA) 2 $870,000 $435,000 $10,507 6.63%
Owatonna, MN (FHA|USDA|VA) 3 $865,000 $288,333 $6,837 7.17%
Willmar, MN (FHA|USDA|VA) 5 $865,000 $173,000 $4,299 6.60%
Celina, OH (FHA|USDA|VA) 5 $845,000 $169,000 $5,973 6.53%
FRESNO, CA (FHA|USDA|VA) 2 $820,000 $410,000 $4,641 7.31%
HOT SPRINGS, AR (FHA|USDA|VA) 3 $805,000 $268,333 $5,456 7.00%
Platteville, WI (FHA|USDA|VA) 5 $795,000 $159,000 $3,604 6.90%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $795,000 $795,000 $14,738 6.88%
FARGO, ND-MN (FHA|USDA|VA) 4 $780,000 $195,000 $5,583 6.59%
Stevens Point, WI (FHA|USDA|VA) 2 $770,000 $385,000 $2,459 7.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $770,000 $385,000 $7,748 5.88%
PUEBLO, CO (FHA|USDA|VA) 3 $765,000 $255,000 $8,551 7.21%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $750,000 $375,000 $6,168 6.44%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $735,000 $245,000 $3,090 6.79%
Kalispell, MT (FHA|USDA|VA) 1 $725,000 $725,000 $14,933 6.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $700,000 $350,000 $7,205 6.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $665,000 $665,000 $23,175 6.25%
Alexandria, MN (FHA|USDA|VA) 3 $655,000 $218,333 $6,687 6.83%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $645,000 $215,000 $2,938 6.83%
GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $640,000 $320,000 $7,190 6.81%
FORT WAYNE, IN (FHA|USDA|VA) 3 $635,000 $211,667 $4,244 6.13%
Minot, ND (FHA|USDA|VA) 3 $625,000 $208,333 $5,284 6.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $610,000 $305,000 $4,029 7.31%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $600,000 $300,000 $8,271 6.25%
AMARILLO, TX (FHA|USDA|VA) 3 $595,000 $198,333 $5,917 6.96%
LUBBOCK, TX (FHA|USDA|VA) 2 $590,000 $295,000 $6,034 8.13%
ASHEVILLE, NC (FHA|USDA|VA) 2 $590,000 $295,000 $4,808 7.81%
Rock Springs, WY (FHA|USDA|VA) 2 $590,000 $295,000 $8,855 6.19%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $580,000 $290,000 $7,619 7.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $570,000 $285,000 $8,323 7.00%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $570,000 $142,500 $5,144 6.41%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $570,000 $285,000 $13,641 6.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $565,000 $565,000 $21,609 6.13%
Fort Dodge, IA (FHA|USDA|VA) 4 $560,000 $140,000 $5,142 6.47%
Worthington, MN (FHA|USDA|VA) 7 $555,000 $79,286 $3,686 7.11%
Mason City, IA (FHA|USDA|VA) 5 $545,000 $109,000 $4,801 6.53%
Bartlesville, OK (FHA|USDA|VA) 3 $535,000 $178,333 $7,928 6.46%
KNOXVILLE, TN (FHA|USDA|VA) 2 $530,000 $265,000 $6,377 7.81%
BEND, OR (FHA|USDA|VA) 1 $525,000 $525,000 $5,089 7.25%
JOPLIN, MO (FHA|USDA|VA) 3 $525,000 $175,000 $1,008 6.38%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $505,000 $505,000 $6,552 6.75%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $495,000 $165,000 $3,883 7.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $490,000 $245,000 $5,705 7.44%
Winona, MN (FHA|USDA|VA) 3 $475,000 $158,333 $2,671 6.42%
Spearfish, SD (FHA|USDA|VA) 1 $465,000 $465,000 $18,414 6.63%
Bozeman, MT (FHA|USDA|VA) 1 $455,000 $455,000 $9,418 6.38%
Ottawa, IL (FHA|USDA|VA) 3 $445,000 $148,333 $4,939 6.88%
Beaver Dam, WI (FHA|USDA|VA) 2 $440,000 $220,000 $6,131 5.81%
West Plains, MO (FHA|USDA|VA) 1 $435,000 $435,000 $11,231 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $430,000 $215,000 $6,533 5.88%
Clinton, IA (FHA|USDA|VA) 2 $430,000 $215,000 $7,512 6.38%
SPRINGFIELD, IL (FHA|USDA|VA) 3 $425,000 $141,667 $4,147 7.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,474 6.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $385,000 $385,000 $16,250 6.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $385,000 $385,000 $7,815 6.75%
GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,694 7.38%
FOND DU LAC, WI (FHA|USDA|VA) 2 $380,000 $190,000 $6,304 6.56%
TUCSON, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $8,605 7.25%
Norfolk, NE (FHA|USDA|VA) 1 $365,000 $365,000 $5,801 7.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $6,681 7.38%
DUBUQUE, IA (FHA|USDA|VA) 2 $360,000 $180,000 $6,048 6.94%
Aberdeen, WA (FHA|USDA|VA) 1 $355,000 $355,000 $8,387 7.25%
New Castle, IN (FHA|USDA|VA) 1 $355,000 $355,000 $2,572 6.38%
Albert Lea, MN (FHA|USDA|VA) 2 $350,000 $175,000 $6,382 6.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $345,000 $345,000 $10,231 6.50%
Shelton, WA (FHA|USDA|VA) 1 $325,000 $325,000 $5,281 6.63%
KOKOMO, IN (FHA|USDA|VA) 2 $320,000 $160,000 $5,700 6.19%
Clovis, NM (FHA|USDA|VA) 1 $315,000 $315,000 $5,121 6.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,395 5.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,519 6.13%
LAS CRUCES, NM (FHA|USDA|VA) 1 $295,000 $295,000 $4,619 6.00%
Fremont, OH (FHA|USDA|VA) 2 $290,000 $145,000 $6,291 6.44%
JACKSON, MS (FHA|USDA|VA) 1 $285,000 $285,000 $6,524 8.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $285,000 $285,000 $7,817 7.50%
LAWRENCE, KS (FHA|USDA|VA) 1 $275,000 $275,000 $1,687 7.63%
ROCKFORD, IL (FHA|USDA|VA) 1 $275,000 $275,000 $2,407 6.25%
MANHATTAN, KS (FHA|USDA|VA) 1 $275,000 $275,000 $9,432 5.63%
BOISE CITY, ID (FHA|USDA|VA) 1 $275,000 $275,000 $6,888 6.50%
Coos Bay, OR (FHA|USDA|VA) 1 $275,000 $275,000 $8,232 6.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,668 7.88%
Crawfordsville, IN (FHA|USDA|VA) 1 $255,000 $255,000 $9,332 5.63%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,257 5.88%
Rolla, MO (FHA|USDA|VA) 1 $245,000 $245,000 $8,820 7.13%
Sedalia, MO (FHA|USDA|VA) 1 $245,000 $245,000 $9,429 6.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $9,537 6.25%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $235,000 $235,000 $10 6.38%
Brookings, SD (FHA|USDA|VA) 1 $225,000 $225,000 $8,779 5.75%
Tiffin, OH (FHA|USDA|VA) 1 $225,000 $225,000 $7,869 6.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,585 6.88%
Findlay, OH (FHA|USDA|VA) 1 $225,000 $225,000 $6,921 6.25%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $215,000 $215,000 $4,935 6.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,903 7.50%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $205,000 $205,000 $4,887 6.38%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,947 7.00%
Ottawa, KS (FHA|USDA|VA) 1 $195,000 $195,000 $5,550 6.25%
Sheridan, WY (FHA|USDA|VA) 1 $185,000 $185,000 $5,325 5.88%
OWENSBORO, KY (FHA|USDA|VA) 1 $185,000 $185,000 $8,266 7.00%
MANKATO, MN (FHA|USDA|VA) 1 $185,000 $185,000 $8,669 6.25%
Glasgow, KY (FHA|USDA|VA) 2 $180,000 $90,000 $3,387 6.19%
Van Wert, OH (FHA|USDA|VA) 1 $175,000 $175,000 $6,439 7.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,722 7.13%
TOPEKA, KS (FHA|USDA|VA) 1 $175,000 $175,000 $3,700 6.63%
DECATUR, IL (FHA|USDA|VA) 1 $175,000 $175,000 $5,251 7.25%
AMES, IA (FHA|USDA|VA) 2 $170,000 $85,000 $4,011 6.56%
New Ulm, MN (FHA|USDA|VA) 2 $170,000 $85,000 $3,945 6.19%
Jacksonville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,108 6.88%
Sterling, IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,076 6.75%
COLUMBIA, MO (FHA|USDA|VA) 1 $165,000 $165,000 $6,841 6.25%
Moses Lake, WA (FHA|USDA|VA) 1 $165,000 $165,000 $100 7.13%
Frankfort, IN (FHA|USDA|VA) 1 $165,000 $165,000 $1,995 6.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $7,043 7.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $5,272 7.13%
Port Angeles, WA (FHA|USDA|VA) 1 $155,000 $155,000 $5,071 6.38%
Marshall, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,324 7.38%
Enterprise, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,686 7.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,355 6.25%
Whitewater, WI (FHA|USDA|VA) 1 $145,000 $145,000 $4,042 8.13%
Pontiac, IL (FHA|USDA|VA) 1 $145,000 $145,000 $6,790 6.00%
Frankfort, KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,382 6.38%
Hastings, NE (FHA|USDA|VA) 1 $135,000 $135,000 $3,170 6.38%
Hannibal, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,831 6.63%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $135,000 $135,000 $5,910 7.13%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,382 7.00%
Malvern, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,251 6.75%
Muscatine, IA (FHA|USDA|VA) 1 $135,000 $135,000 $4,656 6.13%
Scottsbluff, NE (FHA|USDA|VA) 1 $135,000 $135,000 $4,294 6.63%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $135,000 $135,000 $8,029 7.13%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,225 6.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,982 6.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,308 6.50%
MONROE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,857 7.38%
Austin, MN (FHA|USDA|VA) 1 $115,000 $115,000 $3,905 6.50%
Escanaba, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,295 5.13%
Zanesville, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,512 5.38%
Riverton, WY (FHA|USDA|VA) 1 $115,000 $115,000 $3,447 6.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,210 7.63%
Peru, IN (FHA|USDA|VA) 1 $115,000 $115,000 $4,093 6.38%
Ada, OK (FHA|USDA|VA) 1 $105,000 $105,000 $6,282 6.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $3,150 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,940 5.38%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $95,000 $95,000 $3,328 6.00%
Thomasville, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,005 7.50%
Marshalltown, IA (FHA|USDA|VA) 1 $95,000 $95,000 $5,663 7.50%
SAGINAW, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,774 7.25%
Dickinson, ND (FHA|USDA|VA) 1 $85,000 $85,000 $2,947 8.38%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $85,000 $85,000 $5,342 6.50%
Lufkin, TX (FHA|USDA|VA) 1 $85,000 $85,000 $5,095 6.00%
Fergus Falls, MN (FHA|USDA|VA) 1 $85,000 $85,000 $3,322 7.25%
Plainview, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,616 6.38%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,681 6.50%
Coffeyville, KS (FHA|USDA|VA) 1 $65,000 $65,000 $3,320 6.75%
Storm Lake, IA (FHA|USDA|VA) 1 $55,000 $55,000 $3,061 5.38%
Ardmore, OK (FHA|USDA|VA) 1 $55,000 $55,000 $4,303 7.50%
Russellville, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.63%
Pampa, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,923 5.88%
MORGANTOWN, WV (FHA|USDA|VA) 1 $35,000 $35,000 $3,328 7.50%
Servion's top markets include Minneapolis, Duluth, Billings, Chicago, and La Crosse among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 995 $235,935,000 $237,121 $4,713 6.74%
    FHA 318 $68,400,000 $215,094 $8,009 6.55%
    VA 106 $30,390,000 $286,698 $7,099 6.54%
    USDA 15 $2,425,000 $161,667 $5,380 6.13%

    For 2023, Servion's most frequently originated type of loan was Conventional, with 995 originations. Their 2nd most popular type was FHA, with 318 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,238 $293,580,000 $237,141 $5,693 6.66%
    Cash Out Refi 120 $22,600,000 $188,333 $5,202 6.80%
    Refi 76 $20,970,000 $275,921 $5,254 6.68%

    For 2023, Servion's most frequently cited loan purpose was Home Purchase, with 1,238 originations. The 2nd most popular reason was Cash Out Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,316 $318,860,000 $242,295 $5,768 6.70%
    15 Year 65 $10,005,000 $153,923 $4,105 6.24%
    20 Year 40 $7,080,000 $177,000 $4,246 6.69%
    10 Year 13 $1,205,000 $92,692 $3,301 6.15%

    For 2023, Servion's most frequently cited loan duration was 30 Year, with 1,316 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 361 $83,075,000 $230,125
    $2k-3k 360 $68,180,000 $189,389
    $1k-2k 298 $51,960,000 $174,362
    $3k-4k 227 $60,395,000 $266,057
    $4k-5k 100 $33,320,000 $333,200
    $5k+ 85 $39,815,000 $468,412

    Servion's average total fees were $5,768, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 361 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 808 $190,200,000 $235,396
    7-8% 380 $88,100,000 $231,842
    5-6% 214 $50,790,000 $237,336
    Over 8% 27 $6,745,000 $249,815
    4-5% 5 $1,315,000 $263,000

    During 2023, Servion's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 808 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 625 $173,875,000 $278,200 $6,164 6.69%
    $100k-200k 511 $77,875,000 $152,397 $4,738 6.68%
    $100,000 or less 159 $11,975,000 $75,314 $3,480 6.63%
    $400k-600k 119 $56,565,000 $475,336 $8,427 6.65%
    $600k-1MM 15 $10,745,000 $716,333 $11,174 6.44%
    $1MM+ 5 $6,115,000 $1,223,000 $14,163 7.13%

    2023 saw Servion place emphasis on $200k-400k loans with 625 originations, totaling $173,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 404 $71,190,000 $176,213 $5,068 6.60%
    $100k-150k 321 $88,765,000 $276,526 $6,121 6.79%
    $75k-100k 281 $64,155,000 $228,310 $5,725 6.70%
    $50k or less 215 $25,775,000 $119,884 $4,181 6.53%
    $150k-250k 172 $65,010,000 $377,965 $7,161 6.75%
    $250k+ 41 $22,255,000 $542,805 $7,843 6.79%

    Servion lent most frequently to those with incomes in the $50k-75k range, with 404 originations. The second most popular income band? $100k-150k, with 321 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 278 $63,880,000 $229,784 $5,437 6.65%
    20-30% 263 $57,695,000 $219,373 $4,688 6.69%
    50-60% 102 $24,320,000 $238,431 $7,776 6.50%
    43% 63 $16,645,000 $264,206 $5,991 6.75%
    39% 63 $15,815,000 $251,032 $5,173 6.70%
    44% 61 $15,635,000 $256,311 $5,592 6.69%
    47% 60 $15,130,000 $252,167 $6,156 6.69%
    41% 58 $12,550,000 $216,379 $4,821 6.64%
    40% 56 $13,550,000 $241,964 $5,426 6.62%
    42% 56 $13,870,000 $247,679 $5,811 6.60%
    <20% 54 $9,010,000 $166,852 $4,146 6.53%
    36% 53 $14,135,000 $266,698 $6,156 6.58%
    46% 51 $12,535,000 $245,784 $6,493 6.93%
    38% 50 $10,310,000 $206,200 $4,930 6.72%
    49% 45 $11,735,000 $260,778 $6,853 6.89%
    37% 44 $9,760,000 $221,818 $5,573 6.77%
    45% 41 $10,645,000 $259,634 $5,809 6.87%
    48% 35 $9,455,000 $270,143 $7,929 6.61%
    >60% 1 $475,000 $475,000 $13,222 6.75%

    Servion lent most frequently to those with DTI ratios of 30-36%, with 278 originations. The next most common DTI ratio? 20-30%, with 263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,188 $272,700,000 $229,545 $5,463 6.67%
    Not provided 149 $38,465,000 $258,154 $6,131 6.76%
    Black 46 $12,960,000 $281,739 $7,808 6.51%
    Asian 28 $8,220,000 $293,571 $5,942 6.68%
    American Indian 22 $4,740,000 $215,455 $6,348 6.69%
    Filipino 1 $65,000 $65,000 $2,637 6.25%

    Approval Rates

    Total approvals of all applications
    94.46%

    Servion has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.12%

    Servion has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,434 $337,150,000 $235,112

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,434 $337,150,000 $235,112

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $7,605,000 $143,491 $4,107 6.57%
    40-60% 113 $21,225,000 $187,832 $4,405 6.64%
    60-80% 313 $77,615,000 $247,971 $5,035 6.80%
    80-100% 934 $225,390,000 $241,317 $5,953 6.65%
    Over 100% 14 $4,790,000 $342,143 $13,578 6.52%
    Under 20% 7 $525,000 $75,000 $4,005 6.80%