Sunrise Banks Mortgage Rates, Fees & Info
St. Paul, MNLEI: 549300HWDY3N8UVJO697
Tax ID: 41-0852727
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sunrise Banks is a smaller bank specializing in Home Purchase and Refi loans. Sunrise Banks has a high proportion of conventional loans. Their top two markets are Minneapolis and Rochester .Sunrise Banks 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
385Origination Dollar Volume (All Markets)
$168,155,000Top 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) | 381 | $163,825,000 | $429,987 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $3,580,000 | $1,790,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $750,000 | $375,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 385 | $168,155,000 | $436,766 | $0 | 0.00% |
For 2022, Sunrise Banks's most frequently originated type of loan was Conventional, with 385 originations.
Loan Reason
For 2022, Sunrise Banks's most frequently cited loan purpose was Home Purchase, with 237 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 385 | $168,155,000 | $436,766 | $0 | 0.00% |
For 2022, Sunrise Banks's most frequently cited loan duration was Other, with 385 originations.
Loan Sizing
2022 saw Sunrise Banks place emphasis on $100k-200k loans with 146 originations, totaling $22,140,000 in origination value.
Applicant Income
Sunrise Banks lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 385 | $168,155,000 | $436,766 | $0 | 0.00% |
Sunrise Banks lent most frequently to those with DTI ratios of Exempt%, with 385 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.00%
Sunrise Banks has an average approval rate.
Pick Rate
Approvals leading to origination89.61%
Sunrise Banks has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 385 | $168,155,000 | $436,766 |