Sioux Empire Mortgage Rates, Fees & Info

Sioux Falls, SD

LEI: 549300MM52W3C4U18L74

Tax ID: 46-0226737

Latest/2023 | 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

    Sioux Empire is a smaller mortgage company specializing in Home Improvement and Other loans. Sioux Empire has a high proportion of conventional loans. Their top two markets are Sioux Falls and Sioux City .

    Sioux Empire has an above average approval rate when compared to the average across all lenders.

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    Originations

    20

    Origination Dollar Volume (All Markets)

    $1,110,000

    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
    SIOUX FALLS, SD (FHA|USDA|VA) 19 $1,035,000 $54,474 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Sioux Empire's top markets include Sioux Falls and Sioux City among others.

    Their top states include:
  • South Dakota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 20 $1,110,000 $55,500 $0 0.00%

    For 2020, Sioux Empire's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 11 $575,000 $52,273 $0 0.00%
    Other 9 $535,000 $59,444 $0 0.00%

    For 2020, Sioux Empire's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Other, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $1,110,000 $55,500 $0 0.00%

    For 2020, Sioux Empire's most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $745,000 $43,824 $0 0.00%
    $100k-200k 3 $365,000 $121,667 $0 0.00%

    2020 saw Sioux Empire place emphasis on $100,000 or less loans with 17 originations, totaling $745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $200,000 $33,333 $0 0.00%
    $150k-250k 3 $325,000 $108,333 $0 0.00%
    $50k-75k 3 $135,000 $45,000 $0 0.00%
    $50k or less 3 $105,000 $35,000 $0 0.00%
    $75k-100k 3 $195,000 $65,000 $0 0.00%
    $250k+ 2 $150,000 $75,000 $0 0.00%

    Sioux Empire lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 20 $1,110,000 $55,500 $0 0.00%

    Sioux Empire lent most frequently to those with DTI ratios of Exempt%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $1,075,000 $56,579 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.24%

    Sioux Empire has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $1,110,000 $55,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 20 $1,110,000 $55,500