Fnb Moose Lake Mortgage Rates, Fees & Info
Moose Lake, MNLEI: 549300MX8VQ8VRHIUY36
Tax ID: 41-0425123
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Fnb Moose Lake is a smaller mortgage company specializing in Home Purchase and Refi loans. Fnb Moose Lake has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Brainerd, and New Ulm among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Fnb Moose Lake 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
92Origination Dollar Volume (All Markets)
$21,850,000Top 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) | 45 | $12,795,000 | $284,333 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 30 | $5,920,000 | $197,333 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,965,000 | $197,667 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| New Ulm, MN (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 | 92 | $21,850,000 | $237,500 | $0 | 0.00% |
For 2019, Fnb Moose Lake's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 60 | $14,770,000 | $246,167 | $0 | 0.00% |
| Refi | 30 | $6,970,000 | $232,333 | $0 | 0.00% |
| Home Improvement | 2 | $110,000 | $55,000 | $0 | 0.00% |
For 2019, Fnb Moose Lake's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 92 | $21,850,000 | $237,500 | $0 | 0.00% |
For 2019, Fnb Moose Lake's most frequently cited loan duration was Other, with 92 originations.
Loan Sizing
2019 saw Fnb Moose Lake place emphasis on $200k-400k loans with 44 originations, totaling $11,880,000 in origination value.
Applicant Income
Fnb Moose Lake lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 92 | $21,850,000 | $237,500 | $0 | 0.00% |
Fnb Moose Lake lent most frequently to those with DTI ratios of Exempt%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
Fnb Moose Lake has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.96%
Fnb Moose Lake has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 92 | $21,850,000 | $237,500 |