Sunrise Banks Mortgage Rates, Fees & Info
St. Paul, MNLEI: 549300HWDY3N8UVJO697
Tax ID: 41-0852727
Latest/2023 | 2022 Data | 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 markets by origination volume include: Minneapolis, St. Cloud, Bemidji, Faribault, and Green Bay among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)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
225Origination Dollar Volume (All Markets)
$77,515,000Top 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) | 210 | $68,690,000 | $327,095 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 3 | $4,755,000 | $1,585,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $455,000 | $455,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 225 | $77,515,000 | $344,511 | $0 | 0.00% |
For 2023, Sunrise Banks's most frequently originated type of loan was Conventional, with 225 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 194 | $60,380,000 | $311,237 | $0 | 0.00% |
| Refi | 30 | $17,030,000 | $567,667 | $0 | 0.00% |
| Cash Out Refi | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2023, Sunrise Banks's most frequently cited loan purpose was Home Purchase, with 194 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 225 | $77,515,000 | $344,511 | $0 | 0.00% |
For 2023, Sunrise Banks's most frequently cited loan duration was Other, with 225 originations.
Loan Sizing
2023 saw Sunrise Banks place emphasis on $200k-400k loans with 101 originations, totaling $28,195,000 in origination value.
Applicant Income
Sunrise Banks lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $75k-100k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 225 | $77,515,000 | $344,511 | $0 | 0.00% |
Sunrise Banks lent most frequently to those with DTI ratios of Exempt%, with 225 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.20%
Sunrise Banks has an average approval rate.
Pick Rate
Approvals leading to origination86.67%
Sunrise Banks has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 225 | $77,515,000 | $344,511 |