Bankvista Mortgage Rates, Fees & Info
Sartell, MNLEI: 549300H1I95THVU5ZB04
Tax ID: 41-1962072
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Mortgage Data
Review & Overview
Bankvista is a smaller bank specializing in Home Purchase loans. Bankvista has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Cloud, Minneapolis, Mankato, Chicago, and Phoenix among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankvista 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
118Origination Dollar Volume (All Markets)
$29,790,000Top 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 |
|---|---|---|---|---|---|
| ST. CLOUD, MN (FHA|USDA|VA) | 39 | $9,105,000 | $233,462 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 19 | $7,475,000 | $393,421 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 25 | $5,625,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,225,000 | $175,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BankVista based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 130
Similarity Rank: 348
Similarity Rank: 861
Similarity Rank: 915
Similarity Rank: 936
Similarity Rank: 975
Similarity Rank: 1200
Similarity Rank: 1295
Similarity Rank: 1320
Similarity Rank: 1343
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $28,370,000 | $253,304 | $0 | 0.00% |
| FHA | 4 | $890,000 | $222,500 | $0 | 0.00% |
| VA | 2 | $530,000 | $265,000 | $0 | 0.00% |
For 2024, Bankvista's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2024, Bankvista's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 118 | $29,790,000 | $252,458 | $0 | 0.00% |
For 2024, Bankvista's most frequently cited loan duration was Other, with 118 originations.
Loan Sizing
2024 saw Bankvista place emphasis on $200k-400k loans with 45 originations, totaling $12,565,000 in origination value.
Applicant Income
Bankvista lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 118 | $29,790,000 | $252,458 | $0 | 0.00% |
Bankvista lent most frequently to those with DTI ratios of Exempt%, with 118 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.24%
Bankvista has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.98%
Bankvista has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 118 | $29,790,000 | $252,458 |