Hiawatha National Bank Mortgage Rates, Fees & Info
Hager City, WILEI: 549300K3JILC7UMYWR39
Tax ID: 39-0153770
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Mortgage Data
Review & Overview
Hiawatha National Bank is a smaller bank specializing in Home Purchase loans. Hiawatha National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Bozeman, Nashville, Red Wing, and Sheboygan among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Hiawatha National Bank 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.
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Originations
151Origination Dollar Volume (All Markets)
$38,805,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 84 | $16,830,000 | $200,357 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 47 | $16,335,000 | $347,553 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,535,000 | $1,535,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $38,805,000 | $256,987 | $0 | 0.00% |
For 2023, Hiawatha National Bank's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2023, Hiawatha National Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $38,805,000 | $256,987 | $0 | 0.00% |
For 2023, Hiawatha National Bank's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2023 saw Hiawatha National Bank place emphasis on $200k-400k loans with 56 originations, totaling $15,990,000 in origination value.
Applicant Income
Hiawatha National Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $38,805,000 | $256,987 | $0 | 0.00% |
Hiawatha National Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.38%
Hiawatha National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.04%
Hiawatha National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $38,805,000 | $256,987 |