Neighborhood National Bank Mortgage Rates, Fees & Info

Mora, MN

LEI: 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

61

Origination Dollar Volume (All Markets)

$10,635,000

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 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%
Neighborhood National Bank's top markets include Minneapolis, Cape Coral, Brainerd, Alexandria, and Miami among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $7,995,000 $275,690 $0 0.00%
    Other 13 $1,045,000 $80,385 $0 0.00%
    Home Improvement 10 $500,000 $50,000 $0 0.00%
    Cash Out Refi 7 $635,000 $90,714 $0 0.00%
    Refi 2 $460,000 $230,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,485,000 $51,207 $0 0.00%
    $100k-200k 15 $2,335,000 $155,667 $0 0.00%
    $200k-400k 9 $2,465,000 $273,889 $0 0.00%
    $400k-600k 7 $3,375,000 $482,143 $0 0.00%
    $600k-1MM 1 $975,000 $975,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,465,000 $164,333 $0 0.00%
    $250k+ 11 $3,215,000 $292,273 $0 0.00%
    $50k-75k 10 $1,150,000 $115,000 $0 0.00%
    $150k-250k 9 $1,465,000 $162,778 $0 0.00%
    $50k or less 6 $260,000 $43,333 $0 0.00%
    $75k-100k 6 $920,000 $153,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $8,600,000 $153,571 $0 0.00%
    Not applicable 3 $1,125,000 $375,000 $0 0.00%
    Asian 2 $910,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    86.89%

    Neighborhood National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $10,635,000 $174,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    61 $10,635,000 $174,344