Sioux Empire Mortgage Rates, Fees & Info
Sioux Falls, SDLEI: 549300MM52W3C4U18L74
Tax ID: 46-0226737
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sioux Empire is a smaller mortgage company specializing in Home Improvement and Refi loans. Sioux Empire has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Brookings, Watertown, Aberdeen, and Mitchell among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Sioux Empire 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
139Origination Dollar Volume (All Markets)
$11,115,000Top 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) | 125 | $10,305,000 | $82,440 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $550,000 | $55,000 | $0 | 0.00% |
| Brookings, SD (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Watertown, SD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Mitchell, SD (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 | 139 | $11,115,000 | $79,964 | $0 | 0.00% |
For 2022, Sioux Empire's most frequently originated type of loan was Conventional, with 139 originations.
Loan Reason
For 2022, Sioux Empire's most frequently cited loan purpose was Home Improvement, with 76 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 139 | $11,115,000 | $79,964 | $0 | 0.00% |
For 2022, Sioux Empire's most frequently cited loan duration was Other, with 139 originations.
Loan Sizing
2022 saw Sioux Empire place emphasis on $100,000 or less loans with 105 originations, totaling $5,705,000 in origination value.
Applicant Income
Sioux Empire lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 139 | $11,115,000 | $79,964 | $0 | 0.00% |
Sioux Empire lent most frequently to those with DTI ratios of Exempt%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.76%
Sioux Empire has an average approval rate.
Pick Rate
Approvals leading to origination87.77%
Sioux Empire has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 139 | $11,115,000 | $79,964 |