Sioux Empire Mortgage Rates, Fees & Info
Sioux Falls, SDLEI: 549300MM52W3C4U18L74
Tax ID: 46-0226737
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Mortgage Data
Review & Overview
Sioux Empire is a smaller mortgage company specializing in Other and Refi loans. Sioux Empire has a high proportion of conventional loans. Their top two markets are Sioux Falls and Mitchell .Sioux Empire 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
64Origination Dollar Volume (All Markets)
$5,080,000Top 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 |
|---|---|---|---|---|---|
| SIOUX FALLS, SD (FHA|USDA|VA) | 60 | $4,910,000 | $81,833 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $5,080,000 | $79,375 | $0 | 0.00% |
For 2019, Sioux Empire's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2019, Sioux Empire's most frequently cited loan purpose was Other, with 29 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $5,080,000 | $79,375 | $0 | 0.00% |
For 2019, Sioux Empire's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2019 saw Sioux Empire place emphasis on $100,000 or less loans with 45 originations, totaling $1,765,000 in origination value.
Applicant Income
Sioux Empire lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $5,080,000 | $79,375 | $0 | 0.00% |
Sioux Empire lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 61 | $4,345,000 | $71,230 | $0 | 0.00% |
| Not provided | 3 | $735,000 | $245,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.06%
Sioux Empire has an average approval rate.
Pick Rate
Approvals leading to origination95.31%
Sioux Empire has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 64 | $5,080,000 | $79,375 |