Star Bank Mortgage Rates, Fees & Info
Maple Lake, MNLEI: 549300MNZNDD5FZ2PF62
Tax ID: 41-0256570
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Mortgage Data
Review & Overview
Star Bank is a smaller bank specializing in Refi, Home Purchase, and Other loans. Star Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, St. Cloud, Fergus Falls, Faribault, and Alexandria among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Star Bank 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
47Origination Dollar Volume (All Markets)
$5,435,000Top 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) | 14 | $2,310,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $1,565,000 | $62,600 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $5,435,000 | $115,638 | $0 | 0.00% |
For 2019, Star Bank's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2019, Star Bank's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $5,435,000 | $115,638 | $0 | 0.00% |
For 2019, Star Bank's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2019 saw Star Bank place emphasis on $100,000 or less loans with 32 originations, totaling $1,530,000 in origination value.
Applicant Income
Star Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $5,435,000 | $115,638 | $0 | 0.00% |
Star Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.83%
Star Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.98%
Star Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $5,435,000 | $115,638 |