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, Brainerd, Alexandria, Fergus Falls, and Duluth among others. We have data for 11 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 an above average pick rate when compared to similar lenders.
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Originations
133Origination Dollar Volume (All Markets)
$31,505,000Top 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 | 71 | $15,565,000 | $219,225 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 39 | $10,265,000 | $263,205 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 8 | $1,290,000 | $161,250 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 133 | $31,505,000 | $236,880 | $0 | 0.00% |
For 2022, Neighborhood National Bank's most frequently originated type of loan was Conventional, with 133 originations.
Loan Reason
For 2022, Neighborhood National Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 133 | $31,505,000 | $236,880 | $0 | 0.00% |
For 2022, Neighborhood National Bank's most frequently cited loan duration was Other, with 133 originations.
Loan Sizing
2022 saw Neighborhood National Bank place emphasis on $200k-400k loans with 43 originations, totaling $12,305,000 in origination value.
Applicant Income
Neighborhood National Bank lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 133 | $31,505,000 | $236,880 | $0 | 0.00% |
Neighborhood National Bank lent most frequently to those with DTI ratios of Exempt%, with 133 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 111 | $26,265,000 | $236,622 | $0 | 0.00% |
| Not applicable | 22 | $5,240,000 | $238,182 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.36%
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 origination91.73%
Neighborhood National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 133 | $31,505,000 | $236,880 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Neighborhood Capital Funding, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |