Village Bank Mortgage Rates, Fees & Info
St Francis, MNLEI: 549300NINH0YUSL4K137
Tax ID: 41-1729082
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Mortgage Data
Review & Overview
Village Bank is a smaller bank specializing in Home Purchase loans. Village Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, and Orlando among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Village Bank has an 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
31Origination Dollar Volume (All Markets)
$26,545,000Top 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) | 29 | $25,995,000 | $896,379 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (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 | 31 | $26,545,000 | $856,290 | $0 | 0.00% |
For 2019, Village Bank's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
For 2019, Village Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $26,545,000 | $856,290 | $0 | 0.00% |
For 2019, Village Bank's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2019 saw Village Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,700,000 in origination value.
Applicant Income
Village Bank lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $26,545,000 | $856,290 | $0 | 0.00% |
Village Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 22 | $25,480,000 | $1,158,182 | $0 | 0.00% |
| White | 9 | $1,065,000 | $118,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.78%
Village Bank has a below average approval rate.
Pick Rate
Approvals leading to origination87.10%
Village Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $26,545,000 | $856,290 |