Servion Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300DRA4BDXW23LD45

Tax ID: 41-1592297

5 stars - Updated: 7/13/25 - out of 5 stars, based on 39 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, La Crosse, Duluth, Chicago, and Laramie among others. We have data for 210 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 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 about average 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 7.03% 7/13/25
    30 Year Conventional Refi 6.89% 7/13/25
    30 Year Cash-out Refi 7.35% 7/13/25
    30 Year FHA Purchase 7.42% 7/13/25
    30 Year FHA Refi 7.68% 7/13/25
    30 Year VA Purchase 6.69% 7/13/25
    30 Year VA Refi 6.16% 7/13/25
    30 Year USDA Purchase 7.19% 7/13/25
    30 Year USDA Refi 6.72% 7/13/25
    15 Year Conventional Purchase 6.39% 7/13/25
    15 Year Conventional Refi 6.19% 7/13/25
    15 Year Cash-out Refi 6.19% 7/13/25
    15 Year FHA Purchase 6.00% 7/13/25
    15 Year VA Purchase 4.93% 7/13/25
    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

    1,542

    Origination Dollar Volume (All Markets)

    $379,710,000
    Show all (9) awards

    Relative Rate

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

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Servion's average total fees/closing costs for a 30 year fixed rate mortgage were $5,592.

    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 $8,356.

    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
    Outside of Metro Areas 305 $58,005,000 $190,180 $4,932 6.64%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 164 $48,870,000 $297,988 $5,607 6.55%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 100 $24,560,000 $245,600 $3,004 6.64%
    DULUTH, MN-WI (FHA|USDA|VA) 108 $21,660,000 $200,556 $4,719 6.79%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 42 $13,970,000 $332,619 $7,469 6.68%
    Laramie, WY (FHA|USDA|VA) 44 $13,670,000 $310,682 $6,594 6.60%
    BILLINGS, MT (FHA|USDA|VA) 46 $13,610,000 $295,870 $7,013 6.67%
    ROCHESTER, MN (FHA|USDA|VA) 45 $11,885,000 $264,111 $4,733 6.34%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 30 $7,840,000 $261,333 $4,578 6.40%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $7,005,000 $538,846 $14,485 6.75%
    ALBUQUERQUE, NM (FHA|USDA|VA) 18 $5,980,000 $332,222 $6,044 6.92%
    CHEYENNE, WY (FHA|USDA|VA) 17 $5,295,000 $311,471 $6,778 6.50%
    ST. CLOUD, MN (FHA|USDA|VA) 21 $5,215,000 $248,333 $5,882 6.40%
    RAPID CITY, SD (FHA|USDA|VA) 15 $4,635,000 $309,000 $9,654 6.36%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 17 $4,525,000 $266,176 $7,165 6.59%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 9 $4,405,000 $489,444 $9,672 6.68%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 19 $4,355,000 $229,211 $5,637 6.31%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 16 $4,350,000 $271,875 $3,842 7.17%
    CASPER, WY (FHA|USDA|VA) 12 $4,150,000 $345,833 $6,720 6.67%
    TULSA, OK (FHA|USDA|VA) 15 $3,815,000 $254,333 $6,960 6.75%
    Brainerd, MN (FHA|USDA|VA) 13 $3,385,000 $260,385 $6,622 6.47%
    Worthington, MN (FHA|USDA|VA) 16 $3,040,000 $190,000 $5,550 6.77%
    SHEBOYGAN, WI (FHA|USDA|VA) 11 $2,905,000 $264,091 $3,454 6.86%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 8 $2,670,000 $333,750 $5,772 6.58%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 8 $2,370,000 $296,250 $4,876 6.61%
    Georgetown, SC (FHA|USDA|VA) 10 $2,230,000 $223,000 $7,519 6.51%
    Manitowoc, WI (FHA|USDA|VA) 10 $2,090,000 $209,000 $3,272 6.94%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,970,000 $246,250 $5,817 6.64%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,735,000 $347,000 $5,883 6.43%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,685,000 $240,714 $4,547 6.68%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $1,545,000 $220,714 $5,156 6.48%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 7 $1,535,000 $219,286 $3,714 6.70%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $1,495,000 $213,571 $4,280 6.98%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $1,495,000 $213,571 $9,498 6.34%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,426 6.46%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,375,000 $458,333 $10,523 6.71%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $1,300,000 $216,667 $4,816 6.90%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 10 $1,250,000 $125,000 $3,469 6.59%
    LIMA, OH (FHA|USDA|VA) 7 $1,235,000 $176,429 $5,192 7.00%
    Bemidji, MN (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,938 6.70%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,185,000 $395,000 $5,697 6.75%
    Wapakoneta, OH (FHA|USDA|VA) 5 $1,175,000 $235,000 $10,149 6.78%
    BLOOMINGTON, IL (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,069 7.21%
    MADISON, WI (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,290 6.67%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $1,090,000 $545,000 $9,234 6.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,075,000 $358,333 $6,062 7.04%
    Red Wing, MN (FHA|USDA|VA) 6 $1,070,000 $178,333 $5,560 6.83%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,242 6.81%
    GREELEY, CO (FHA|USDA|VA) 2 $1,050,000 $525,000 $8,104 7.19%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $970,000 $242,500 $4,733 6.81%
    Sheridan, WY (FHA|USDA|VA) 3 $965,000 $321,667 $9,090 5.96%
    Minot, ND (FHA|USDA|VA) 4 $950,000 $237,500 $5,334 6.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $910,000 $151,667 $6,791 6.85%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $885,000 $885,000 $24,345 7.13%
    FOND DU LAC, WI (FHA|USDA|VA) 4 $880,000 $220,000 $6,849 6.84%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $865,000 $288,333 $10,636 6.71%
    DUBUQUE, IA (FHA|USDA|VA) 5 $865,000 $173,000 $3,806 6.70%
    LINCOLN, NE (FHA|USDA|VA) 4 $840,000 $210,000 $3,854 6.56%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $830,000 $415,000 $6,592 7.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $830,000 $207,500 $3,843 6.41%
    Menomonie, WI (FHA|USDA|VA) 2 $820,000 $410,000 $8,996 6.88%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 5 $795,000 $159,000 $2,648 7.35%
    Winona, MN (FHA|USDA|VA) 3 $785,000 $261,667 $3,458 6.88%
    Austin, MN (FHA|USDA|VA) 2 $770,000 $385,000 $4,265 7.13%
    BEND, OR (FHA|USDA|VA) 1 $755,000 $755,000 $4,762 7.13%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $750,000 $187,500 $6,023 6.88%
    Port Angeles, WA (FHA|USDA|VA) 2 $740,000 $370,000 $14,397 6.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $735,000 $735,000 $9,895 6.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $730,000 $365,000 $7,101 7.19%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $725,000 $725,000 $3,396 7.00%
    Galesburg, IL (FHA|USDA|VA) 8 $700,000 $87,500 $3,458 6.33%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $685,000 $685,000 $5,578 6.88%
    Aberdeen, SD (FHA|USDA|VA) 3 $675,000 $225,000 $9,053 6.58%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $670,000 $167,500 $4,670 6.53%
    Mason City, IA (FHA|USDA|VA) 4 $660,000 $165,000 $5,470 7.19%
    Stevens Point, WI (FHA|USDA|VA) 4 $660,000 $165,000 $2,057 7.16%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $630,000 $315,000 $8,349 6.06%
    JOPLIN, MO (FHA|USDA|VA) 4 $630,000 $157,500 $5,463 6.72%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $615,000 $205,000 $6,360 6.75%
    Hannibal, MO (FHA|USDA|VA) 4 $600,000 $150,000 $2,202 6.22%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $595,000 $595,000 $4,391 7.13%
    Grand Rapids, MN (FHA|USDA|VA) 4 $590,000 $147,500 $4,433 6.91%
    KOKOMO, IN (FHA|USDA|VA) 5 $585,000 $117,000 $2,767 6.80%
    Harrison, AR (FHA|USDA|VA) 4 $580,000 $145,000 $4,211 6.41%
    Riverton, WY (FHA|USDA|VA) 3 $565,000 $188,333 $4,203 6.92%
    Willmar, MN (FHA|USDA|VA) 3 $565,000 $188,333 $6,783 6.25%
    BAY CITY, MI (FHA|USDA|VA) 4 $560,000 $140,000 $2,816 7.25%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $550,000 $275,000 $6,435 6.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,609 6.31%
    MUNCIE, IN (FHA|USDA|VA) 3 $545,000 $181,667 $3,095 7.17%
    West Plains, MO (FHA|USDA|VA) 2 $540,000 $270,000 $3,795 5.94%
    COLUMBIA, SC (FHA|USDA|VA) 2 $540,000 $270,000 $8,172 7.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $540,000 $270,000 $7,266 7.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $535,000 $535,000 $22,525 5.63%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $525,000 $175,000 $2,737 6.83%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $5,733 7.38%
    Huron, SD (FHA|USDA|VA) 2 $510,000 $255,000 $2,870 6.88%
    Albert Lea, MN (FHA|USDA|VA) 3 $505,000 $168,333 $4,636 7.08%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $505,000 $505,000 $17,017 5.50%
    Roseburg, OR (FHA|USDA|VA) 2 $500,000 $250,000 $12,536 6.19%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $500,000 $250,000 $1,357 7.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $500,000 $250,000 $3,464 6.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $485,000 $485,000 $3,373 7.88%
    Arkadelphia, AR (FHA|USDA|VA) 4 $470,000 $117,500 $3,871 7.03%
    Outside of Metro Areas 1 $465,000 $465,000 $3,885 6.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $9,416 6.50%
    WENATCHEE, WA (FHA|USDA|VA) 1 $455,000 $455,000 $8,859 7.38%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $450,000 $112,500 $4,165 6.47%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $445,000 $445,000 $14,376 8.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $445,000 $445,000 $4,090 6.13%
    Fergus Falls, MN (FHA|USDA|VA) 1 $445,000 $445,000 $8,167 5.63%
    Alexandria, MN (FHA|USDA|VA) 2 $440,000 $220,000 $6,649 6.94%
    AMARILLO, TX (FHA|USDA|VA) 2 $420,000 $210,000 $5,675 6.75%
    Helena, MT (FHA|USDA|VA) 1 $415,000 $415,000 $7,729 6.38%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $405,000 $405,000 $6,651 7.63%
    Los Alamos, NM (FHA|USDA|VA) 1 $405,000 $405,000 $8,427 7.13%
    Clinton, IA (FHA|USDA|VA) 4 $400,000 $100,000 $2,857 6.94%
    Spearfish, SD (FHA|USDA|VA) 2 $390,000 $195,000 $5,343 7.50%
    PUEBLO, CO (FHA|USDA|VA) 2 $390,000 $195,000 $5,196 7.13%
    Aberdeen, WA (FHA|USDA|VA) 1 $385,000 $385,000 $6,979 7.38%
    Celina, OH (FHA|USDA|VA) 2 $380,000 $190,000 $5,783 7.13%
    Platteville, WI (FHA|USDA|VA) 2 $380,000 $190,000 $6,045 7.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $365,000 $365,000 $0 7.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $100 6.50%
    Dixon, IL (FHA|USDA|VA) 1 $355,000 $355,000 $3,013 6.63%
    Van Wert, OH (FHA|USDA|VA) 1 $355,000 $355,000 $11,522 7.13%
    Jackson, WY-ID (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,204 8.63%
    Marshall, MN (FHA|USDA|VA) 2 $340,000 $170,000 $4,090 6.81%
    HINESVILLE, GA (FHA|USDA|VA) 1 $335,000 $335,000 $8,677 7.00%
    Vermillion, SD (FHA|USDA|VA) 1 $335,000 $335,000 $6,180 6.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $8,586 6.25%
    Warrensburg, MO (FHA|USDA|VA) 1 $325,000 $325,000 $2,840 7.38%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $325,000 $325,000 $10,251 6.25%
    McAlester, OK (FHA|USDA|VA) 2 $320,000 $160,000 $7,292 7.19%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $320,000 $160,000 $5,220 7.44%
    APPLETON, WI (FHA|USDA|VA) 1 $315,000 $315,000 $4,815 5.63%
    BOULDER, CO (FHA|USDA|VA) 1 $315,000 $315,000 $5,512 6.88%
    Fairmont, MN (FHA|USDA|VA) 2 $310,000 $155,000 $5,088 7.38%
    Sayre, PA (FHA|USDA|VA) 2 $310,000 $155,000 $6,451 7.19%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $310,000 $155,000 $2,941 6.75%
    Brookings, SD (FHA|USDA|VA) 1 $305,000 $305,000 $12,507 6.63%
    Beaver Dam, WI (FHA|USDA|VA) 2 $300,000 $150,000 $6,015 6.69%
    Ottawa, IL (FHA|USDA|VA) 2 $300,000 $150,000 $3,831 6.50%
    Kerrville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $6,506 7.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $295,000 $295,000 $6,885 7.13%
    AMES, IA (FHA|USDA|VA) 2 $290,000 $145,000 $4,466 6.94%
    Branson, MO (FHA|USDA|VA) 2 $280,000 $140,000 $3,546 7.06%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,873 5.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.63%
    Marshalltown, IA (FHA|USDA|VA) 1 $275,000 $275,000 $1,970 6.75%
    RACINE, WI (FHA|USDA|VA) 1 $275,000 $275,000 $6,432 6.25%
    VALLEJO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $4,952 6.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $11,474 6.50%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $265,000 $265,000 $6,572 6.63%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,710 6.13%
    Big Rapids, MI (FHA|USDA|VA) 1 $245,000 $245,000 $5,982 7.25%
    MANKATO, MN (FHA|USDA|VA) 1 $245,000 $245,000 $5,409 6.00%
    VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $8,601 7.13%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $245,000 $245,000 $6,196 6.63%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $7,893 7.13%
    FARGO, ND-MN (FHA|USDA|VA) 1 $235,000 $235,000 $4,821 6.63%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $10,861 6.63%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $225,000 $225,000 $6,278 7.13%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $6,211 6.88%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $225,000 $225,000 $5,710 6.88%
    Frankfort, IN (FHA|USDA|VA) 2 $220,000 $110,000 $2,426 6.19%
    Scottsbluff, NE (FHA|USDA|VA) 2 $220,000 $110,000 $3,860 6.50%
    Whitewater, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,070 7.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $215,000 $215,000 $6,460 6.38%
    Logansport, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,020 7.63%
    Roswell, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
    Cambridge, OH (FHA|USDA|VA) 1 $215,000 $215,000 $8,761 6.13%
    Kearney, NE (FHA|USDA|VA) 1 $205,000 $205,000 $4,377 5.63%
    JACKSON, MS (FHA|USDA|VA) 1 $205,000 $205,000 $5,432 7.13%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $205,000 $205,000 $6,740 7.63%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,867 5.88%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $195,000 $195,000 $4,049 7.00%
    Quincy, IL-MO (FHA|USDA|VA) 1 $195,000 $195,000 $3,808 6.50%
    Muscatine, IA (FHA|USDA|VA) 1 $195,000 $195,000 $5,867 7.00%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,849 6.13%
    DECATUR, IL (FHA|USDA|VA) 1 $185,000 $185,000 $5,239 6.75%
    OWENSBORO, KY (FHA|USDA|VA) 1 $175,000 $175,000 $3,712 6.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,972 7.25%
    Bay City, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,728 6.88%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $175,000 $175,000 $5,746 7.63%
    JACKSON, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,508 7.50%
    North Vernon, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,215 7.00%
    POCATELLO, ID (FHA|USDA|VA) 1 $155,000 $155,000 $4,511 5.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,953 7.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $145,000 $145,000 $5,342 7.13%
    Rolla, MO (FHA|USDA|VA) 1 $145,000 $145,000 $3,327 6.25%
    ODESSA, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,187 6.50%
    McPherson, KS (FHA|USDA|VA) 1 $145,000 $145,000 $4,119 5.63%
    Pampa, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,316 6.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,754 7.00%
    Kennett, MO (FHA|USDA|VA) 1 $125,000 $125,000 $4,331 7.13%
    Watertown, SD (FHA|USDA|VA) 1 $125,000 $125,000 $6,064 6.75%
    Silver City, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,251 5.63%
    Rock Springs, WY (FHA|USDA|VA) 1 $125,000 $125,000 $6,476 6.75%
    ROCKFORD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,832 7.38%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,220 6.25%
    Freeport, IL (FHA|USDA|VA) 1 $85,000 $85,000 $5,119 6.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $85,000 $85,000 $2,997 6.00%
    Fremont, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,048 6.63%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $75,000 $75,000 $1,480 5.88%
    PEORIA, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,987 8.63%
    Zanesville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,955 7.13%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $65,000 $65,000 $3,425 6.38%
    Fort Dodge, IA (FHA|USDA|VA) 1 $35,000 $35,000 $2,919 6.38%
    Servion's top markets include Minneapolis, La Crosse, Duluth, Chicago, and Laramie among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,176 $284,240,000 $241,701 $4,594 6.70%
    FHA 218 $52,420,000 $240,459 $8,661 6.59%
    VA 132 $40,650,000 $307,955 $7,208 6.44%
    USDA 16 $2,400,000 $150,000 $5,185 6.54%

    For 2024, Servion's most frequently originated type of loan was Conventional, with 1,176 originations. Their 2nd most popular type was FHA, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,252 $311,380,000 $248,706 $5,646 6.65%
    Cash Out Refi 183 $36,645,000 $200,246 $4,933 6.81%
    Refi 107 $31,685,000 $296,121 $3,554 6.57%

    For 2024, Servion's most frequently cited loan purpose was Home Purchase, with 1,252 originations. The 2nd most popular reason was Cash Out Refi, with 183 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,389 $351,815,000 $253,287 $5,592 6.70%
    15 Year 80 $14,080,000 $176,000 $3,977 6.20%
    20 Year 67 $12,945,000 $193,209 $3,657 6.41%
    10 Year 5 $445,000 $89,000 $3,808 6.30%
    Other 1 $425,000 $425,000 $1,409 5.63%

    For 2024, Servion's most frequently cited loan duration was 30 Year, with 1,389 originations. The 2nd most popular length was 15 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 426 $106,900,000 $250,939
    $2k-3k 339 $67,675,000 $199,631
    $1k-2k 311 $57,945,000 $186,318
    $3k-4k 244 $69,520,000 $284,918
    $4k-5k 100 $32,780,000 $327,800
    $5k+ 86 $38,360,000 $446,047

    Servion's average total fees were $5,592, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 426 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 955 $237,045,000 $248,215
    7-8% 339 $82,395,000 $243,053
    5-6% 226 $54,740,000 $242,212
    Over 8% 20 $5,250,000 $262,500
    4-5% 2 $280,000 $140,000

    During 2024, Servion's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 955 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 698 $194,460,000 $278,596 $5,995 6.65%
    $100k-200k 509 $78,025,000 $153,291 $4,336 6.67%
    $100,000 or less 156 $11,790,000 $75,577 $3,492 6.66%
    $400k-600k 143 $67,825,000 $474,301 $7,359 6.63%
    $600k-1MM 34 $23,800,000 $700,000 $9,549 6.76%
    $1MM+ 2 $3,810,000 $1,905,000 $7,712 7.69%

    2024 saw Servion place emphasis on $200k-400k loans with 698 originations, totaling $194,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 426 $79,180,000 $185,869 $4,836 6.54%
    $100k-150k 337 $98,155,000 $291,261 $5,960 6.76%
    $75k-100k 315 $70,945,000 $225,222 $5,665 6.73%
    $150k-250k 212 $81,260,000 $383,302 $6,516 6.70%
    $50k or less 200 $23,380,000 $116,900 $4,039 6.56%
    $250k+ 52 $26,790,000 $515,192 $6,279 6.79%

    Servion lent most frequently to those with incomes in the $50k-75k range, with 426 originations. The second most popular income band? $100k-150k, with 337 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 291 $71,285,000 $244,966 $5,135 6.71%
    20-30% 271 $59,775,000 $220,572 $4,482 6.69%
    50-60% 80 $23,180,000 $289,750 $9,027 6.54%
    <20% 79 $14,305,000 $181,076 $4,357 6.56%
    40% 75 $19,625,000 $261,667 $5,327 6.74%
    42% 66 $17,020,000 $257,879 $5,153 6.60%
    37% 65 $14,725,000 $226,538 $5,229 6.58%
    41% 64 $15,250,000 $238,281 $5,354 6.69%
    39% 62 $14,990,000 $241,774 $5,282 6.67%
    45% 61 $20,565,000 $337,131 $5,697 6.65%
    38% 61 $14,025,000 $229,918 $5,027 6.66%
    44% 61 $16,555,000 $271,393 $5,219 6.73%
    36% 57 $13,225,000 $232,018 $5,998 6.61%
    46% 55 $15,475,000 $281,364 $6,304 6.66%
    43% 54 $12,990,000 $240,556 $5,452 6.69%
    49% 50 $13,650,000 $273,000 $6,137 6.55%
    48% 47 $12,605,000 $268,191 $6,310 6.63%
    47% 40 $9,520,000 $238,000 $5,890 6.72%
    >60% 3 $945,000 $315,000 $8,052 6.50%

    Servion lent most frequently to those with DTI ratios of 30-36%, with 291 originations. The next most common DTI ratio? 20-30%, with 271 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,296 $320,770,000 $247,508 $5,372 6.66%
    Not provided 169 $39,485,000 $233,639 $5,395 6.64%
    Black 35 $8,055,000 $230,143 $7,062 6.71%
    Asian 21 $6,155,000 $293,095 $4,976 6.73%
    American Indian 17 $4,415,000 $259,706 $6,562 6.71%
    Native Hawaiian or Islander 2 $480,000 $240,000 $5,894 6.63%
    Other Asian 1 $205,000 $205,000 $2,841 6.50%
    Other Pacific Islander 1 $145,000 $145,000 $3,773 6.38%

    Approval Rates

    Total approvals of all applications
    94.03%

    Servion has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.96%

    Servion has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,542 $379,710,000 $246,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,542 $379,710,000 $246,245

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $8,810,000 $129,559 $3,816 6.47%
    40-60% 176 $35,170,000 $199,830 $4,047 6.57%
    60-80% 377 $99,865,000 $264,894 $4,923 6.75%
    80-100% 889 $226,365,000 $254,629 $5,794 6.66%
    Over 100% 27 $9,035,000 $334,630 $12,542 6.49%
    Under 20% 5 $465,000 $93,000 $2,593 6.45%