Minster Bank Mortgage Rates, Fees & Info
Minster, OHLEI: 549300GED4IYN84L8F67
Tax ID: 34-4306490
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
189Origination Dollar Volume (All Markets)
$41,235,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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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
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
2022 saw Minster Bank place emphasis on $100k-200k loans with 83 originations, totaling $12,045,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.96%
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 origination86.77%
Minster Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 189 | $41,235,000 | $218,175 |