Minster Bank Mortgage Rates, Fees & Info

Minster, OH

LEI: 549300GED4IYN84L8F67

Tax ID: 34-4306490

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Mortgage Data

Review & Overview

Minster Bank is a smaller bank specializing in Home Purchase loans. Minster Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Wapakoneta, Sidney, Bellefontaine, and Celina among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Minster 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.

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.

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Originations

189

Origination Dollar Volume (All Markets)

$41,235,000

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
DAYTON-KETTERING, OH (FHA|USDA|VA) 63 $14,465,000 $229,603 $0 0.00%
Wapakoneta, OH (FHA|USDA|VA) 65 $11,275,000 $173,462 $0 0.00%
Sidney, OH (FHA|USDA|VA) 35 $6,765,000 $193,286 $0 0.00%
Bellefontaine, OH (FHA|USDA|VA) 4 $2,890,000 $722,500 $0 0.00%
Celina, OH (FHA|USDA|VA) 10 $2,440,000 $244,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $1,230,000 $615,000 $0 0.00%
Greenville, OH (FHA|USDA|VA) 4 $1,220,000 $305,000 $0 0.00%
Van Wert, OH (FHA|USDA|VA) 3 $455,000 $151,667 $0 0.00%
LIMA, OH (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Minster Bank's top markets include Dayton, Wapakoneta, Sidney, Bellefontaine, and Celina among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Minster Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Three Rivers Federal Credit Union
    Similarity Rank: 244
    Superior Credit Union, Inc.
    Similarity Rank: 413
    Greenville Federal
    Similarity Rank: 420
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 450
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    Similarity Rank: 480
    The Farmers & Merchants State Bank
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    1st National Bank
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    HONDA Federal Credit Union
    Similarity Rank: 768
    KEMBA CREDIT UNION, INC.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $41,235,000 $218,175 $0 0.00%

    For 2022, Minster Bank's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 142 $31,340,000 $220,704 $0 0.00%
    Refi 18 $6,000,000 $333,333 $0 0.00%
    Cash Out Refi 14 $2,030,000 $145,000 $0 0.00%
    Other 9 $755,000 $83,889 $0 0.00%
    Home Improvement 6 $1,110,000 $185,000 $0 0.00%

    For 2022, Minster Bank's most frequently cited loan purpose was Home Purchase, with 142 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $41,235,000 $218,175 $0 0.00%

    For 2022, Minster Bank's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $12,045,000 $145,120 $0 0.00%
    $200k-400k 48 $12,970,000 $270,208 $0 0.00%
    $100,000 or less 37 $2,595,000 $70,135 $0 0.00%
    $400k-600k 14 $7,020,000 $501,429 $0 0.00%
    $600k-1MM 6 $4,820,000 $803,333 $0 0.00%
    $1MM+ 1 $1,785,000 $1,785,000 $0 0.00%

    2022 saw Minster Bank place emphasis on $100k-200k loans with 83 originations, totaling $12,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 45 $6,455,000 $143,444 $0 0.00%
    $50k or less 33 $4,135,000 $125,303 $0 0.00%
    $100k-150k 31 $7,785,000 $251,129 $0 0.00%
    $75k-100k 28 $5,180,000 $185,000 $0 0.00%
    $150k-250k 17 $5,655,000 $332,647 $0 0.00%
    $250k+ 8 $2,760,000 $345,000 $0 0.00%

    Minster Bank lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $50k or less, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $41,235,000 $218,175 $0 0.00%

    Minster Bank lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $31,440,000 $198,987 $0 0.00%
    Not applicable 27 $9,265,000 $343,148 $0 0.00%
    Not provided 2 $290,000 $145,000 $0 0.00%
    Asian Indian 1 $205,000 $205,000 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.96%

    Minster 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
    86.77%

    Minster Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 189 $41,235,000 $218,175

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $41,235,000 $218,175