Servion Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300DRA4BDXW23LD45

Tax ID: 41-1592297

5 stars - out of 5 stars, based on 80 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Servion is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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 include Minneapolis, La Crosse, Duluth, Watertown, and Billings among others. Servion has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Servion is typically an average fee lendor.


Originations

6,457

Origination Dollar Volume (All Markets)

$1,260,115,000
Show all (33) awards

Relative Rate

Servion 's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Servion 's average total fees for a 30 year fixed rate mortgage are $4,182.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1,369 $315,875,000 $230,734 $4,300 2.88%
Outside of Metro Areas 878 $141,590,000 $161,264 $3,692 2.89%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 365 $71,805,000 $196,726 $1,816 2.76%
DULUTH, MN-WI (FHA|USDA|VA) 422 $68,640,000 $162,654 $4,225 2.92%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 270 $47,350,000 $175,370 $1,668 2.85%
BILLINGS, MT (FHA|USDA|VA) 180 $43,590,000 $242,167 $5,674 2.85%
ROCHESTER, MN (FHA|USDA|VA) 179 $37,415,000 $209,022 $4,146 2.77%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 165 $37,215,000 $225,545 $4,172 2.98%
ST. CLOUD, MN (FHA|USDA|VA) 199 $36,605,000 $183,945 $3,546 2.98%
SPRINGFIELD, MO (FHA|USDA|VA) 95 $19,665,000 $207,000 $3,757 3.04%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 92 $19,220,000 $208,913 $2,224 2.87%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 72 $16,720,000 $232,222 $3,915 2.89%
Brainerd, MN (FHA|USDA|VA) 83 $15,015,000 $180,904 $5,373 2.87%
TULSA, OK (FHA|USDA|VA) 87 $14,525,000 $166,954 $4,243 3.02%
CEDAR RAPIDS, IA (FHA|USDA|VA) 61 $13,815,000 $226,475 $3,911 2.70%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 76 $13,530,000 $178,026 $4,001 2.85%
Manitowoc, WI (FHA|USDA|VA) 81 $11,455,000 $141,420 $2,206 2.84%
SHEBOYGAN, WI (FHA|USDA|VA) 72 $10,310,000 $143,194 $2,162 2.64%
Red Wing, MN (FHA|USDA|VA) 44 $9,130,000 $207,500 $4,926 2.86%
Willmar, MN (FHA|USDA|VA) 56 $9,000,000 $160,714 $4,386 2.95%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 31 $8,855,000 $285,645 $4,477 2.72%
OKLAHOMA CITY, OK (FHA|USDA|VA) 42 $8,730,000 $207,857 $5,157 3.20%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 25 $7,885,000 $315,400 $3,638 2.76%
Dickinson, ND (FHA|USDA|VA) 34 $7,580,000 $222,941 $4,863 2.98%
Branson, MO (FHA|USDA|VA) 44 $7,120,000 $161,818 $2,743 2.85%
Whitewater, WI (FHA|USDA|VA) 31 $6,295,000 $203,065 $1,557 2.77%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 33 $6,265,000 $189,848 $2,096 2.82%
IOWA CITY, IA (FHA|USDA|VA) 21 $5,535,000 $263,571 $5,250 2.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 21 $5,445,000 $259,286 $5,234 3.17%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $5,365,000 $412,692 $3,954 2.97%
Bemidji, MN (FHA|USDA|VA) 26 $5,090,000 $195,769 $3,784 2.78%
MADISON, WI (FHA|USDA|VA) 21 $5,035,000 $239,762 $3,571 2.88%
LIMA, OH (FHA|USDA|VA) 33 $4,905,000 $148,636 $4,901 3.28%
RAPID CITY, SD (FHA|USDA|VA) 18 $4,850,000 $269,444 $5,978 2.74%
Hutchinson, MN (FHA|USDA|VA) 24 $4,620,000 $192,500 $4,341 3.01%
Shelton, WA (FHA|USDA|VA) 21 $4,225,000 $201,190 $5,141 3.07%
BLOOMINGTON, IL (FHA|USDA|VA) 31 $4,145,000 $133,710 $1,833 2.60%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 25 $4,135,000 $165,400 $2,797 2.84%
KANSAS CITY, MO-KS (FHA|USDA|VA) 24 $4,120,000 $171,667 $4,491 3.01%
JOPLIN, MO (FHA|USDA|VA) 23 $3,945,000 $171,522 $3,272 2.79%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 21 $3,595,000 $171,190 $2,926 3.15%
Georgetown, SC (FHA|USDA|VA) 22 $3,480,000 $158,182 $4,796 3.22%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 26 $3,430,000 $131,923 $4,060 3.10%
ST. LOUIS, MO-IL (FHA|USDA|VA) 19 $3,355,000 $176,579 $4,260 2.80%
Grand Rapids, MN (FHA|USDA|VA) 19 $3,315,000 $174,474 $3,376 2.95%
HARRISONBURG, VA (FHA|USDA|VA) 13 $3,145,000 $241,923 $2,868 3.01%
DUBUQUE, IA (FHA|USDA|VA) 17 $3,105,000 $182,647 $4,944 2.77%
COLUMBIA, SC (FHA|USDA|VA) 20 $2,950,000 $147,500 $4,615 2.93%
Beaver Dam, WI (FHA|USDA|VA) 17 $2,755,000 $162,059 $1,821 2.74%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 17 $2,725,000 $160,294 $4,167 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 18 $2,710,000 $150,556 $5,344 3.14%
EAU CLAIRE, WI (FHA|USDA|VA) 12 $2,640,000 $220,000 $4,127 2.99%
Aberdeen, WA (FHA|USDA|VA) 13 $2,615,000 $201,154 $4,767 3.19%
Alexandria, MN (FHA|USDA|VA) 14 $2,570,000 $183,571 $5,661 2.96%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 17 $2,445,000 $143,824 $3,880 3.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $2,440,000 $244,000 $3,651 3.29%
Augusta-Waterville, ME (FHA|USDA|VA) 9 $2,315,000 $257,222 $2,830 2.67%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $2,280,000 $190,000 $3,899 2.78%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 14 $2,240,000 $160,000 $5,410 3.10%
BELLINGHAM, WA (FHA|USDA|VA) 8 $2,210,000 $276,250 $4,401 3.22%
Marion, IN (FHA|USDA|VA) 24 $2,180,000 $90,833 $2,990 3.12%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,130,000 $266,250 $4,135 2.91%
Worthington, MN (FHA|USDA|VA) 13 $2,095,000 $161,154 $4,114 2.81%
FARGO, ND-MN (FHA|USDA|VA) 9 $2,015,000 $223,889 $5,808 3.04%
WAUSAU-WESTON, WI (FHA|USDA|VA) 9 $2,005,000 $222,778 $3,453 2.85%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,990,000 $248,750 $4,978 3.06%
LONGVIEW, WA (FHA|USDA|VA) 8 $1,960,000 $245,000 $6,273 3.41%
Winona, MN (FHA|USDA|VA) 9 $1,895,000 $210,556 $3,692 2.71%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,875,000 $267,857 $6,110 2.86%
BAY CITY, MI (FHA|USDA|VA) 17 $1,845,000 $108,529 $2,217 3.04%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 14 $1,810,000 $129,286 $4,633 3.31%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 13 $1,775,000 $136,538 $2,913 2.87%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $1,640,000 $410,000 $4,521 3.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $1,630,000 $203,750 $4,975 3.05%
Ottawa, IL (FHA|USDA|VA) 10 $1,610,000 $161,000 $4,778 2.90%
Owatonna, MN (FHA|USDA|VA) 8 $1,590,000 $198,750 $3,939 2.89%
FOND DU LAC, WI (FHA|USDA|VA) 12 $1,550,000 $129,167 $3,660 3.35%
Menomonie, WI (FHA|USDA|VA) 8 $1,460,000 $182,500 $4,950 2.88%
Wapakoneta, OH (FHA|USDA|VA) 10 $1,440,000 $144,000 $4,710 3.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,385,000 $277,000 $5,627 2.95%
Galesburg, IL (FHA|USDA|VA) 15 $1,365,000 $91,000 $3,575 3.07%
APPLETON, WI (FHA|USDA|VA) 7 $1,345,000 $192,143 $2,105 2.95%
Brookings, SD (FHA|USDA|VA) 5 $1,325,000 $265,000 $6,879 2.70%
Baraboo, WI (FHA|USDA|VA) 6 $1,320,000 $220,000 $2,873 2.79%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 10 $1,320,000 $132,000 $5,630 3.15%
Stevens Point, WI (FHA|USDA|VA) 6 $1,260,000 $210,000 $2,287 2.94%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 5 $1,245,000 $249,000 $4,791 2.55%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $1,235,000 $176,429 $4,172 3.27%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 5 $1,205,000 $241,000 $4,337 3.00%
Port Angeles, WA (FHA|USDA|VA) 6 $1,190,000 $198,333 $3,893 3.08%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,185,000 $395,000 $4,348 2.88%
BISMARCK, ND (FHA|USDA|VA) 6 $1,160,000 $193,333 $5,778 3.15%
ROCKFORD, IL (FHA|USDA|VA) 8 $1,140,000 $142,500 $3,382 2.63%
GRAND FORKS, ND-MN (FHA|USDA|VA) 7 $1,135,000 $162,143 $5,703 2.80%
NILES, MI (FHA|USDA|VA) 3 $1,105,000 $368,333 $4,924 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,793 3.00%
Harrison, AR (FHA|USDA|VA) 10 $1,090,000 $109,000 $2,768 3.04%
Fergus Falls, MN (FHA|USDA|VA) 6 $1,090,000 $181,667 $5,623 2.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $2,655 3.34%
COLUMBUS, OH (FHA|USDA|VA) 4 $1,080,000 $270,000 $5,919 2.78%
Austin, MN (FHA|USDA|VA) 7 $1,055,000 $150,714 $3,897 2.96%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $5,212 2.72%
AMES, IA (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,376 3.25%
Hannibal, MO (FHA|USDA|VA) 9 $985,000 $109,444 $2,699 2.94%
PEORIA, IL (FHA|USDA|VA) 6 $940,000 $156,667 $2,555 2.69%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $925,000 $185,000 $3,624 3.13%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $920,000 $153,333 $4,206 3.15%
Mason City, IA (FHA|USDA|VA) 7 $915,000 $130,714 $3,820 2.84%
Mountain Home, AR (FHA|USDA|VA) 9 $905,000 $100,556 $2,312 3.19%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $905,000 $181,000 $4,808 3.05%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $880,000 $220,000 $5,535 2.78%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $875,000 $291,667 $6,874 3.25%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $835,000 $278,333 $4,245 2.58%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $825,000 $275,000 $4,088 3.08%
TOLEDO, OH (FHA|USDA|VA) 6 $820,000 $136,667 $5,237 3.21%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $815,000 $271,667 $5,397 3.21%
Butte-Silver Bow, MT (FHA|USDA|VA) 2 $810,000 $405,000 $8,275 2.88%
VALLEJO, CA (FHA|USDA|VA) 2 $800,000 $400,000 $3,847 3.13%
HOT SPRINGS, AR (FHA|USDA|VA) 6 $800,000 $133,333 $3,435 3.06%
Bozeman, MT (FHA|USDA|VA) 2 $770,000 $385,000 $6,740 3.19%
AMARILLO, TX (FHA|USDA|VA) 4 $740,000 $185,000 $5,043 3.50%
New Ulm, MN (FHA|USDA|VA) 5 $735,000 $147,000 $6,036 2.85%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $735,000 $245,000 $4,889 2.46%
EVANSVILLE, IN-KY (FHA|USDA|VA) 5 $705,000 $141,000 $4,915 2.85%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $700,000 $350,000 $3,973 2.88%
Outside of Metro Areas 2 $690,000 $345,000 $6,199 2.94%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $660,000 $330,000 $4,573 2.75%
Bartlesville, OK (FHA|USDA|VA) 4 $660,000 $165,000 $6,765 2.78%
Rolla, MO (FHA|USDA|VA) 4 $640,000 $160,000 $3,503 3.03%
NAPA, CA (FHA|USDA|VA) 1 $635,000 $635,000 $5,994 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $635,000 $211,667 $3,298 2.92%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $630,000 $315,000 $5,679 2.81%
Arkadelphia, AR (FHA|USDA|VA) 4 $620,000 $155,000 $3,269 3.09%
Wahpeton, ND-MN (FHA|USDA|VA) 4 $620,000 $155,000 $4,592 3.22%
MANKATO, MN (FHA|USDA|VA) 3 $615,000 $205,000 $5,100 2.79%
CHICO, CA (FHA|USDA|VA) 2 $610,000 $305,000 $4,656 3.00%
STAUNTON, VA (FHA|USDA|VA) 2 $610,000 $305,000 $3,029 3.00%
BATON ROUGE, LA (FHA|USDA|VA) 2 $600,000 $300,000 $6,172 2.81%
RACINE, WI (FHA|USDA|VA) 2 $590,000 $295,000 $5,248 3.06%
AKRON, OH (FHA|USDA|VA) 2 $580,000 $290,000 $5,941 2.38%
GREEN BAY, WI (FHA|USDA|VA) 3 $555,000 $185,000 $2,957 2.96%
Clinton, IA (FHA|USDA|VA) 3 $545,000 $181,667 $4,113 2.92%
Muscatine, IA (FHA|USDA|VA) 3 $545,000 $181,667 $3,940 2.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,166 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $545,000 $545,000 $8,741 2.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $545,000 $545,000 $5,709 2.63%
FRESNO, CA (FHA|USDA|VA) 1 $535,000 $535,000 $4,210 2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $530,000 $265,000 $5,438 2.94%
LAWRENCE, KS (FHA|USDA|VA) 3 $525,000 $175,000 $4,215 2.79%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $520,000 $130,000 $3,121 3.09%
Fort Dodge, IA (FHA|USDA|VA) 3 $515,000 $171,667 $3,782 3.25%
McAlester, OK (FHA|USDA|VA) 3 $505,000 $168,333 $6,105 3.29%
GREELEY, CO (FHA|USDA|VA) 1 $505,000 $505,000 $4,058 2.75%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $505,000 $505,000 $5,433 2.88%
Pella, IA (FHA|USDA|VA) 2 $500,000 $250,000 $1,828 2.44%
Shawnee, OK (FHA|USDA|VA) 4 $490,000 $122,500 $3,816 2.81%
Marshall, MO (FHA|USDA|VA) 4 $490,000 $122,500 $2,683 2.63%
Fremont, OH (FHA|USDA|VA) 3 $485,000 $161,667 $5,334 3.08%
Steamboat Springs, CO (FHA|USDA|VA) 2 $480,000 $240,000 $2,885 2.63%
Faribault-Northfield, MN (FHA|USDA|VA) 3 $475,000 $158,333 $4,849 2.75%
Fairmont, MN (FHA|USDA|VA) 3 $475,000 $158,333 $3,570 2.58%
Iron Mountain, MI-WI (FHA|USDA|VA) 5 $475,000 $95,000 $4,001 2.75%
FORT WAYNE, IN (FHA|USDA|VA) 3 $455,000 $151,667 $4,337 2.79%
Spearfish, SD (FHA|USDA|VA) 1 $455,000 $455,000 $8,268 3.00%
Watertown, SD (FHA|USDA|VA) 2 $450,000 $225,000 $7,073 3.00%
Lufkin, TX (FHA|USDA|VA) 2 $450,000 $225,000 $5,672 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 2 $450,000 $225,000 $7,734 3.19%
Celina, OH (FHA|USDA|VA) 2 $450,000 $225,000 $5,899 3.19%
GAINESVILLE, GA (FHA|USDA|VA) 1 $445,000 $445,000 $2,967 2.88%
Seneca, SC (FHA|USDA|VA) 2 $430,000 $215,000 $5,749 2.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $430,000 $107,500 $3,346 3.03%
Moses Lake, WA (FHA|USDA|VA) 1 $425,000 $425,000 $7,007 2.50%
Huron, SD (FHA|USDA|VA) 2 $420,000 $210,000 $8,371 3.38%
SIOUX FALLS, SD (FHA|USDA|VA) 3 $415,000 $138,333 $4,424 2.67%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $405,000 $405,000 $6,812 2.88%
Duncan, OK (FHA|USDA|VA) 5 $405,000 $81,000 $3,878 3.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $400,000 $200,000 $3,401 3.13%
Albert Lea, MN (FHA|USDA|VA) 1 $395,000 $395,000 $4,325 2.88%
Mexico, MO (FHA|USDA|VA) 3 $395,000 $131,667 $3,178 3.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,858 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $380,000 $190,000 $2,933 2.88%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $375,000 $125,000 $3,334 3.04%
Pontiac, IL (FHA|USDA|VA) 3 $375,000 $125,000 $5,120 3.13%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $370,000 $185,000 $2,630 3.19%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $360,000 $180,000 $5,551 3.19%
KOKOMO, IN (FHA|USDA|VA) 4 $360,000 $90,000 $3,138 2.72%
MODESTO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,279 3.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $350,000 $175,000 $5,661 3.50%
Athens, TX (FHA|USDA|VA) 2 $350,000 $175,000 $5,043 3.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.88%
KANKAKEE, IL (FHA|USDA|VA) 2 $340,000 $170,000 $4,206 2.94%
Greenwood, SC (FHA|USDA|VA) 2 $340,000 $170,000 $5,690 3.06%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $5,905 2.38%
HATTIESBURG, MS (FHA|USDA|VA) 1 $335,000 $335,000 $3,685 2.75%
JACKSON, TN (FHA|USDA|VA) 2 $330,000 $165,000 $4,606 3.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $330,000 $165,000 $2,230 3.06%
Torrington, CT (FHA|USDA|VA) 1 $325,000 $325,000 $6,240 3.50%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $315,000 $105,000 $3,604 2.92%
Stillwater, OK (FHA|USDA|VA) 2 $310,000 $155,000 $5,330 3.19%
DANVILLE, IL (FHA|USDA|VA) 2 $310,000 $155,000 $6,791 3.38%
Richmond, IN (FHA|USDA|VA) 1 $305,000 $305,000 $1,834 2.75%
Fernley, NV (FHA|USDA|VA) 1 $305,000 $305,000 $4,103 2.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,357 2.88%
TUCSON, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,375 3.13%
Pullman, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,551 3.38%
Russellville, AR (FHA|USDA|VA) 3 $295,000 $98,333 $2,406 3.33%
Frankfort, IN (FHA|USDA|VA) 2 $290,000 $145,000 $4,640 3.13%
SAGINAW, MI (FHA|USDA|VA) 2 $290,000 $145,000 $2,210 2.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $7,187 2.63%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $280,000 $140,000 $5,824 3.19%
Mount Pleasant, TX (FHA|USDA|VA) 1 $275,000 $275,000 $12,085 2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,085 2.88%
SPARTANBURG, SC (FHA|USDA|VA) 2 $270,000 $135,000 $4,943 2.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,478 2.75%
Williston, ND (FHA|USDA|VA) 1 $265,000 $265,000 $5,768 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,857 3.25%
Marshalltown, IA (FHA|USDA|VA) 2 $260,000 $130,000 $3,375 2.69%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $260,000 $130,000 $3,410 2.94%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $260,000 $130,000 $5,955 3.38%
Zanesville, OH (FHA|USDA|VA) 2 $260,000 $130,000 $4,330 2.94%
Jacksonville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,382 3.13%
REDDING, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,030 3.38%
Key West, FL (FHA|USDA|VA) 1 $255,000 $255,000 $5,538 3.63%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $5,932 2.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $245,000 $245,000 $3,304 2.75%
MERCED, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.63%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $245,000 $245,000 $4,292 2.50%
MORGANTOWN, WV (FHA|USDA|VA) 2 $240,000 $120,000 $3,174 3.13%
Sault Ste. Marie, MI (FHA|USDA|VA) 2 $240,000 $120,000 $3,641 3.31%
Platteville, WI (FHA|USDA|VA) 2 $240,000 $120,000 $2,948 3.19%
Waycross, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,839 2.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $235,000 $235,000 $4,711 3.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $235,000 $235,000 $7,311 3.38%
Sidney, OH (FHA|USDA|VA) 2 $230,000 $115,000 $5,035 3.06%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $230,000 $115,000 $3,476 2.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,481 3.50%
MEDFORD, OR (FHA|USDA|VA) 1 $225,000 $225,000 $6,306 2.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $7,999 2.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,272 2.88%
Minot, ND (FHA|USDA|VA) 1 $215,000 $215,000 $4,053 3.25%
Escanaba, MI (FHA|USDA|VA) 2 $210,000 $105,000 $5,447 2.94%
MADERA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,885 3.13%
Helena, MT (FHA|USDA|VA) 1 $205,000 $205,000 $2,828 3.38%
VISALIA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,235 3.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,875 2.75%
Quincy, IL-MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,010 2.88%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,060 3.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,532 2.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,025 3.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $195,000 $195,000 $8,392 2.75%
GREAT FALLS, MT (FHA|USDA|VA) 1 $195,000 $195,000 $6,198 3.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,341 2.75%
COLUMBIA, MO (FHA|USDA|VA) 2 $190,000 $95,000 $3,200 2.94%
Laurel, MS (FHA|USDA|VA) 1 $185,000 $185,000 $4,176 3.38%
Gillette, WY (FHA|USDA|VA) 1 $185,000 $185,000 $5,669 2.38%
Sturgis, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,664 3.00%
Mitchell, SD (FHA|USDA|VA) 1 $185,000 $185,000 $10,053 2.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,723 3.13%
WICHITA, KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,449 2.38%
Kirksville, MO (FHA|USDA|VA) 2 $180,000 $90,000 $3,575 2.75%
Lincoln, IL (FHA|USDA|VA) 2 $180,000 $90,000 $1,954 2.63%
Malvern, AR (FHA|USDA|VA) 1 $175,000 $175,000 $2,062 2.75%
Van Wert, OH (FHA|USDA|VA) 1 $175,000 $175,000 $5,748 3.00%
Norfolk, NE (FHA|USDA|VA) 1 $175,000 $175,000 $1,798 2.50%
Sedalia, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,638 2.75%
Frankfort, KY (FHA|USDA|VA) 1 $175,000 $175,000 $6,580 2.50%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $165,000 $165,000 $1,936 3.38%
Newport, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.50%
LINCOLN, NE (FHA|USDA|VA) 1 $165,000 $165,000 $2,798 3.00%
BANGOR, ME (FHA|USDA|VA) 1 $155,000 $155,000 $4,557 2.75%
Kalispell, MT (FHA|USDA|VA) 1 $155,000 $155,000 $4,785 2.88%
Muskogee, OK (FHA|USDA|VA) 1 $155,000 $155,000 $4,229 3.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,965 3.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $155,000 $155,000 $4,333 2.63%
MONROE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $6,598 2.88%
Cadillac, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,947 3.00%
Beatrice, NE (FHA|USDA|VA) 1 $145,000 $145,000 $4,569 2.63%
Glasgow, KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,517 3.50%
West Plains, MO (FHA|USDA|VA) 1 $145,000 $145,000 $3,762 3.38%
MUNCIE, IN (FHA|USDA|VA) 2 $140,000 $70,000 $3,074 2.94%
Searcy, AR (FHA|USDA|VA) 2 $140,000 $70,000 $2,657 3.13%
Andrews, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,438 2.00%
Pampa, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,392 3.25%
Astoria, OR (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.63%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,308 3.38%
Hope, AR (FHA|USDA|VA) 1 $125,000 $125,000 $2,404 3.88%
Spencer, IA (FHA|USDA|VA) 1 $125,000 $125,000 $2,695 3.25%
Logansport, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,480 3.38%
Sterling, CO (FHA|USDA|VA) 1 $115,000 $115,000 $3,445 3.63%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $115,000 $115,000 $3,587 3.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,573 3.25%
Warsaw, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,187 3.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,542 3.63%
Mayfield, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,612 3.38%
Marshall, MN (FHA|USDA|VA) 1 $115,000 $115,000 $3,322 2.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,614 2.88%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $105,000 $105,000 $2,780 2.50%
Shelbyville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,188 2.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,704 2.75%
MIDLAND, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,324 3.13%
Crawfordsville, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,251 3.63%
Woodward, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,427 3.00%
Lebanon, MO (FHA|USDA|VA) 1 $95,000 $95,000 $3,503 3.00%
Raymondville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,509 3.38%
Ardmore, OK (FHA|USDA|VA) 1 $85,000 $85,000 $4,050 3.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,577 4.63%
Peru, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,975 3.38%
Burlington, IA-IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,960 2.75%
SUMTER, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,689 2.25%
Marinette, WI-MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,745 3.75%
Starkville, MS (FHA|USDA|VA) 1 $45,000 $45,000 $2,246 3.50%
Sterling, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.38%

Servion 's top markets include Minneapolis, La Crosse, Duluth, Watertown, and Billings among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,421 $1,057,515,000 $195,077 $3,476 2.91%
FHA 522 $91,330,000 $174,962 $6,316 2.96%
VA 396 $93,670,000 $236,540 $4,978 2.76%
USDA 118 $17,600,000 $149,153 $4,830 2.78%

For the 2021 period, Servion 's most frequently originated loan type of loans were Conventional, with 5,421 originations. Their 2nd most popular type is FHA, with 522 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,540 $523,340,000 $206,039 $4,571 2.97%
Refi 2,092 $385,710,000 $184,374 $2,984 2.75%
Cash Out Refi 1,825 $351,065,000 $192,364 $3,765 2.97%

For the 2021, Servion 's most frequently cited loan purpose of loans were Home Purchase, with 2,540 originations. The 2nd most popular reason of loans were Refi, with 2,092 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,305 $901,925,000 $209,506 $4,182 3.06%
15 Year 1,311 $212,715,000 $162,254 $3,038 2.47%
20 Year 582 $107,240,000 $184,261 $3,295 2.84%
10 Year 185 $24,625,000 $133,108 $2,747 2.33%
Other 74 $13,610,000 $183,919 $4,376 3.09%

For the 2021, Servion 's most frequently cited loan length of loans were 30 Year, with 4,305 originations. The 2nd most popular length of loans were 15 Year, with 1,311 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,456 $466,320,000 $189,870
$1k-2k 1,593 $249,335,000 $156,519
$2k-3k 1,409 $265,665,000 $188,549
$3k-4k 773 $220,975,000 $285,867
$5k+ 97 $36,785,000 $379,227

$4,182 of loans were Servion 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,456 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 3,169 $641,995,000 $202,586
3-4% 1,920 $381,190,000 $198,536
<2.5% 1,297 $226,645,000 $174,746
4-5% 70 $10,090,000 $144,143

During 2021, Servion 's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,169 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 3,059 $454,875,000 $148,701 $3,415 2.89%
$200k-400k 2,292 $614,870,000 $268,268 $4,545 2.92%
$100,000 or less 843 $64,355,000 $76,340 $2,804 2.87%
$400k-600k 252 $117,490,000 $466,230 $5,548 2.89%
$600k-1MM 9 $6,415,000 $712,778 $5,908 3.33%
$1MM+ 2 $2,110,000 $1,055,000 $4,613 3.06%

2021 saw Servion place emphasis on $100k-200k loans with 3,059 originations, totaling $454,875,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,822 $308,560,000 $169,352 $3,857 2.91%
$50k or less 1,390 $182,680,000 $131,424 $3,444 2.94%
$75k-100k 1,317 $266,435,000 $202,304 $3,813 2.89%
$100k-150k 1,284 $303,230,000 $236,160 $3,974 2.87%
$150k-250k 543 $162,755,000 $299,733 $4,350 2.86%
$250k+ 100 $36,420,000 $364,200 $4,467 2.82%

Servion lent most frequently to those with incomes in the $50k-75k range, with 1,822 originations. The second most popular income band? $50k or less, with 1,390 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,684 $316,770,000 $188,106 $3,568 2.85%
30-36% 1,343 $260,915,000 $194,278 $3,817 2.92%
<20% 617 $108,255,000 $175,454 $3,214 2.76%
41% 250 $52,290,000 $209,160 $3,940 3.00%
38% 239 $47,125,000 $197,176 $4,019 2.94%
44% 231 $46,815,000 $202,662 $3,880 3.00%
42% 230 $48,050,000 $208,913 $3,865 3.03%
40% 228 $46,380,000 $203,421 $4,297 2.90%
43% 220 $42,960,000 $195,273 $3,938 3.03%
36% 220 $41,740,000 $189,727 $3,810 2.87%
37% 216 $42,930,000 $198,750 $4,024 2.96%
39% 212 $42,290,000 $199,481 $4,024 2.96%
45% 147 $32,005,000 $217,721 $4,290 2.94%
50-60% 132 $27,020,000 $204,697 $6,137 2.95%
47% 128 $29,910,000 $233,672 $4,432 2.90%
46% 116 $23,660,000 $203,966 $4,573 2.92%
49% 108 $22,670,000 $209,907 $4,166 2.96%
48% 92 $19,120,000 $207,826 $3,845 2.87%
>60% 19 $4,135,000 $217,632 $3,414 2.71%

Servion lent most frequently to those with DTI ratios of 20-30%, with 1,684 originations. The next most common DTI ratio? 30-36%, with 1,343 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,497 $1,062,465,000 $193,281 $3,728 2.89%
Not provided 631 $131,855,000 $208,962 $4,355 2.93%
Black 166 $33,570,000 $202,229 $4,860 3.01%
Asian 97 $20,545,000 $211,804 $4,089 2.80%
American Indian 53 $9,305,000 $175,566 $4,324 2.93%
Asian Indian 2 $570,000 $285,000 $2,499 2.94%
Other Pacific Islander 3 $525,000 $175,000 $6,936 2.83%
Filipino 3 $505,000 $168,333 $2,277 2.88%
Other Asian 2 $400,000 $200,000 $5,567 2.69%
Native Hawaiian 2 $220,000 $110,000 $3,438 2.38%
1 $155,000 $155,000 $7,068 3.38%

Approval Rates

Total approvals of all applications
95.02%

Servion 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
79.71%

Servion has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 6,457 $1,260,115,000 $195,155

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
6,457 $1,260,115,000 $195,155

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 318 $38,660,000 $121,572 $2,993 2.60%
40-60% 1,108 $182,680,000 $164,874 $3,049 2.70%
60-80% 2,503 $512,665,000 $204,820 $3,555 2.95%
80-100% 2,458 $511,140,000 $207,950 $4,438 2.98%
Over 100% 47 $13,045,000 $277,553 $10,333 2.69%
Under 20% 23 $1,925,000 $83,696 $2,437 2.62%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Servion, Inc. FHA mortgage Struggling to pay mortgage 1 50.0%
Servion, Inc. FHA mortgage Trouble during payment process 1 50.0%