Neighborhood National Bank Mortgage Rates, Fees & Info
Mora, MNLEI: 549300G6F5FVAHSGKU13
Tax ID: 41-0870606
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Mortgage Data
Review & Overview
Neighborhood National Bank is a smaller bank specializing in Home Purchase loans. Neighborhood National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Cape Coral, Brainerd, Alexandria, and Miami among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Neighborhood National 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
61Origination Dollar Volume (All Markets)
$10,635,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 35 | $4,865,000 | $139,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 14 | $3,050,000 | $217,857 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $10,635,000 | $174,344 | $0 | 0.00% |
For 2023, Neighborhood National Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2023, Neighborhood National Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Other, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $10,635,000 | $174,344 | $0 | 0.00% |
For 2023, Neighborhood National Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2023 saw Neighborhood National Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,485,000 in origination value.
Applicant Income
Neighborhood National Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $250k+, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $10,635,000 | $174,344 | $0 | 0.00% |
Neighborhood National Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Neighborhood National 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 origination86.89%
Neighborhood National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $10,635,000 | $174,344 |