Sunrise Banks Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300HWDY3N8UVJO697

Tax ID: 41-0852727

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sunrise Banks is a smaller bank specializing in Home Purchase loans. Sunrise Banks has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Rochester, St. Cloud, Menomonie, and Owatonna among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sunrise Banks has an 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

    217

    Origination Dollar Volume (All Markets)

    $183,725,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 205 $170,075,000 $829,634 $0 0.00%
    ROCHESTER, MN (FHA|USDA|VA) 3 $8,915,000 $2,971,667 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 3 $3,045,000 $1,015,000 $0 0.00%
    Outside of Metro Areas 2 $670,000 $335,000 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Owatonna, MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Sunrise Banks's top markets include Minneapolis, Rochester, St. Cloud, Menomonie, and Owatonna among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 217 $183,725,000 $846,659 $0 0.00%

    For 2024, Sunrise Banks's most frequently originated type of loan was Conventional, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 187 $162,875,000 $870,989 $0 0.00%
    Refi 25 $10,675,000 $427,000 $0 0.00%
    Home Improvement 4 $10,020,000 $2,505,000 $0 0.00%
    Other 1 $155,000 $155,000 $0 0.00%

    For 2024, Sunrise Banks's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 217 $183,725,000 $846,659 $0 0.00%

    For 2024, Sunrise Banks's most frequently cited loan duration was Other, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 114 $32,720,000 $287,018 $0 0.00%
    $100k-200k 49 $7,175,000 $146,429 $0 0.00%
    $100,000 or less 20 $1,470,000 $73,500 $0 0.00%
    $400k-600k 13 $6,495,000 $499,615 $0 0.00%
    $1MM+ 12 $128,670,000 $10,722,500 $0 0.00%
    $600k-1MM 9 $7,195,000 $799,444 $0 0.00%

    2024 saw Sunrise Banks place emphasis on $200k-400k loans with 114 originations, totaling $32,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $9,285,000 $226,463 $0 0.00%
    $75k-100k 36 $10,020,000 $278,333 $0 0.00%
    $100k-150k 15 $4,965,000 $331,000 $0 0.00%
    $250k+ 7 $1,905,000 $272,143 $0 0.00%
    $150k-250k 6 $2,030,000 $338,333 $0 0.00%
    $50k or less 6 $920,000 $153,333 $0 0.00%

    Sunrise Banks lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $75k-100k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 217 $183,725,000 $846,659 $0 0.00%

    Sunrise Banks lent most frequently to those with DTI ratios of Exempt%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 79 $144,135,000 $1,824,494 $0 0.00%
    White 121 $34,455,000 $284,752 $0 0.00%
    Not provided 11 $3,005,000 $273,182 $0 0.00%
    Asian Indian 1 $625,000 $625,000 $0 0.00%
    American Indian 1 $615,000 $615,000 $0 0.00%
    Asian 2 $590,000 $295,000 $0 0.00%
    Other Asian 1 $165,000 $165,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.46%

    Sunrise Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.95%

    Sunrise Banks has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 217 $183,725,000 $846,659

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    217 $183,725,000 $846,659