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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, St. Cloud, Mankato, Marshall, and Winona among others. We have data for 24 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 an above 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.14% | 12/16/24 |
| 30 Year Conventional Refi | 6.64% | 12/16/24 |
| 30 Year Cash-out Refi | 6.61% | 12/16/24 |
| 30 Year FHA Purchase | 7.01% | 12/16/24 |
| 30 Year VA Purchase | 5.89% | 12/16/24 |
| 30 Year USDA Purchase | 6.23% | 12/16/24 |
| 15 Year Conventional Purchase | 5.82% | 12/16/24 |
| 15 Year Conventional Refi | 6.06% | 12/16/24 |
| 15 Year Cash-out Refi | 6.06% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bankvista Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
132Origination Dollar Volume (All Markets)
$51,180,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 31 | $13,755,000 | $443,710 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $12,215,000 | $1,357,222 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 45 | $9,305,000 | $206,778 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 17 | $4,295,000 | $252,647 | $0 | 0.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $3,355,000 | $3,355,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 9 | $1,175,000 | $130,556 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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: 55
Similarity Rank: 225
Similarity Rank: 456
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Similarity Rank: 810
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Similarity Rank: 1152
Similarity Rank: 1254
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $49,485,000 | $395,880 | $0 | 0.00% |
| FHA | 6 | $1,400,000 | $233,333 | $0 | 0.00% |
| USDA | 1 | $295,000 | $295,000 | $0 | 0.00% |
For 2023, Bankvista's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2023, Bankvista's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $51,180,000 | $387,727 | $0 | 0.00% |
For 2023, Bankvista's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2023 saw Bankvista place emphasis on $200k-400k loans with 39 originations, totaling $10,665,000 in origination value.
Applicant Income
Bankvista lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $51,180,000 | $387,727 | $0 | 0.00% |
Bankvista lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.93%
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 origination92.42%
Bankvista has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $51,180,000 | $387,727 |