North American Banking Company Mortgage Rates, Fees & Info
Minneapolis, MNLEI: 549300IDUXOP6HUDV878
Tax ID: 41-1913560
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
North American Banking Company is a smaller bank specializing in Home Purchase and Refi loans. North American Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Hilton Head Island, Cape Coral, Miami, and Duluth among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)North American Banking Company 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
31Origination Dollar Volume (All Markets)
$12,265,000Top 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) | 25 | $10,325,000 | $413,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $12,265,000 | $395,645 | $0 | 0.00% |
For 2018, North American Banking Company's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
For 2018, North American Banking Company's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $12,265,000 | $395,645 | $0 | 0.00% |
For 2018, North American Banking Company's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2018 saw North American Banking Company place emphasis on $100k-200k loans with 10 originations, totaling $1,520,000 in origination value.
Applicant Income
North American Banking Company lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $12,265,000 | $395,645 | $0 | 0.00% |
North American Banking Company lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
North American Banking Company has an average approval rate.
Pick Rate
Approvals leading to origination83.87%
North American Banking Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $12,265,000 | $395,645 |