Affinity Plus Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300NL3JN3ABDPH257

Tax ID: 41-0557541

5 stars - Updated: 12/16/24 - out of 5 stars, based on 61 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Affinity Plus is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Affinity Plus has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Grand Rapids, Duluth, Rochester, and Bemidji among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Affinity Plus 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. Affinity Plus is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.71% 12/16/24
    30 Year Conventional Refi 6.48% 12/16/24
    30 Year Cash-out Refi 6.67% 12/16/24
    30 Year VA Purchase 6.42% 12/16/24
    15 Year Conventional Purchase 6.15% 12/16/24
    15 Year Conventional Refi 6.53% 12/16/24
    15 Year Cash-out Refi 6.53% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Affinity Plus Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Affinity Plus. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,690

    Origination Dollar Volume (All Markets)

    $323,240,000
    Show all (5) awards

    Relative Rate

    Affinity Plus's average 30 year fixed mortgage rate was 6.6%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.12%.

    Relative Fees (Closing Costs)

    Affinity Plus's average total fees/closing costs for a 30 year fixed rate mortgage were $4,812.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2,172 $197,280,000 $90,829 $1,137 6.76%
    Outside of Metro Areas 217 $19,525,000 $89,977 $1,341 6.80%
    Grand Rapids, MN (FHA|USDA|VA) 220 $16,260,000 $73,909 $992 6.78%
    DULUTH, MN-WI (FHA|USDA|VA) 176 $15,410,000 $87,557 $1,391 6.98%
    ROCHESTER, MN (FHA|USDA|VA) 124 $11,940,000 $96,290 $1,384 6.64%
    Bemidji, MN (FHA|USDA|VA) 125 $9,945,000 $79,560 $1,239 6.70%
    Brainerd, MN (FHA|USDA|VA) 109 $8,995,000 $82,523 $871 6.69%
    Fergus Falls, MN (FHA|USDA|VA) 91 $6,655,000 $73,132 $1,251 6.85%
    ST. CLOUD, MN (FHA|USDA|VA) 84 $6,430,000 $76,548 $1,120 6.81%
    MANKATO, MN (FHA|USDA|VA) 79 $6,305,000 $79,810 $911 6.68%
    Faribault-Northfield, MN (FHA|USDA|VA) 84 $5,890,000 $70,119 $858 6.80%
    FARGO, ND-MN (FHA|USDA|VA) 39 $3,395,000 $87,051 $1,243 6.63%
    Willmar, MN (FHA|USDA|VA) 14 $3,060,000 $218,571 $2,669 6.31%
    Winona, MN (FHA|USDA|VA) 44 $2,220,000 $50,455 $523 7.04%
    Alexandria, MN (FHA|USDA|VA) 22 $1,890,000 $85,909 $990 6.76%
    Red Wing, MN (FHA|USDA|VA) 26 $1,820,000 $70,000 $962 6.50%
    Owatonna, MN (FHA|USDA|VA) 11 $1,065,000 $96,818 $1,565 6.47%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 6 $940,000 $156,667 $3,000 6.71%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $720,000 $180,000 $1,673 6.56%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $465,000 $465,000 $1,080 6.63%
    Austin, MN (FHA|USDA|VA) 5 $405,000 $81,000 $1,969 6.70%
    Wahpeton, ND-MN (FHA|USDA|VA) 5 $355,000 $71,000 $1,204 7.85%
    Marshall, MN (FHA|USDA|VA) 4 $330,000 $82,500 $275 6.94%
    Worthington, MN (FHA|USDA|VA) 2 $280,000 $140,000 $3,631 7.13%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 5 $275,000 $55,000 $926 6.52%
    Hutchinson, MN (FHA|USDA|VA) 4 $270,000 $67,500 $553 5.68%
    Menomonie, WI (FHA|USDA|VA) 2 $230,000 $115,000 $3,242 6.94%
    Albert Lea, MN (FHA|USDA|VA) 4 $190,000 $47,500 $932 5.71%
    Fairmont, MN (FHA|USDA|VA) 3 $185,000 $61,667 $245 7.16%
    Baraboo, WI (FHA|USDA|VA) 1 $155,000 $155,000 $3,659 7.00%
    Shawano, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,395 5.63%
    New Ulm, MN (FHA|USDA|VA) 4 $130,000 $32,500 $415 5.99%
    Beaver Dam, WI (FHA|USDA|VA) 1 $45,000 $45,000 $275 7.74%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $45,000 $45,000 $860 6.74%
    Affinity Plus's top markets include Minneapolis, Grand Rapids, Duluth, Rochester, and Bemidji among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AFFINITY PLUS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    North Shore Federal Credit Union
    Similarity Rank: 28
    Bank Forward
    Similarity Rank: 44
    South Metro Federal Credit Union
    Similarity Rank: 55
    WNB Financial, N.A.
    Similarity Rank: 136
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 156
    National Bank of Commerce
    Similarity Rank: 192
    Northview Bank
    Similarity Rank: 195
    MY Credit Union
    Similarity Rank: 225
    Western State Bank
    Similarity Rank: 252
    RiverWood Bank
    Similarity Rank: 264

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,774 $261,280,000 $94,189 $1,151 6.43%
    HELOC 913 $61,065,000 $66,884 n/a 7.76%
    VA 3 $895,000 $298,333 $4,878 7.63%

    For 2023, Affinity Plus's most frequently originated type of loan was Conventional, with 2,774 originations. Their 2nd most popular type was HELOC, with 913 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,569 $89,525,000 $57,059 $334 6.82%
    Other 1,142 $70,740,000 $61,944 $365 6.79%
    Refi 480 $41,910,000 $87,313 $666 6.75%
    Home Purchase 435 $109,635,000 $252,034 $4,786 6.54%
    Cash Out Refi 64 $11,430,000 $178,594 $3,647 6.60%

    For 2023, Affinity Plus's most frequently cited loan purpose was Home Improvement, with 1,569 originations. The 2nd most popular reason was Other, with 1,142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,643 $99,985,000 $60,855 $345 7.04%
    15 Year 1,282 $95,010,000 $74,111 $491 6.77%
    30 Year 432 $109,500,000 $253,472 $4,812 6.60%
    5 Year 282 $9,730,000 $34,504 $292 5.49%
    20 Year 31 $6,245,000 $201,452 $4,126 6.39%
    Other 20 $2,770,000 $138,500 $1,565 5.87%

    For 2023, Affinity Plus's most frequently cited loan duration was 10 Year, with 1,643 originations. The 2nd most popular length was 15 Year, with 1,282 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,300 $142,570,000 $61,987
    $2k-3k 172 $40,870,000 $237,616
    $1k-2k 157 $23,245,000 $148,057
    $3k-4k 86 $28,520,000 $331,628
    $4k-5k 36 $15,550,000 $431,944
    $5k+ 21 $10,725,000 $510,714

    Affinity Plus's average total fees were $4,812, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,434 $147,200,000 $102,650
    7-8% 1,064 $92,230,000 $86,682
    5-6% 867 $66,315,000 $76,488
    Over 8% 213 $12,935,000 $60,728
    4-5% 112 $4,560,000 $40,714

    During 2023, Affinity Plus's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 1,434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,963 $153,885,000 $51,936 $349 6.78%
    $100k-200k 339 $50,245,000 $148,215 $2,466 6.71%
    $200k-400k 329 $90,175,000 $274,088 $4,601 6.69%
    $400k-600k 54 $25,400,000 $470,370 $7,070 6.60%
    $600k-1MM 5 $3,535,000 $707,000 $7,601 6.75%

    2023 saw Affinity Plus place emphasis on $100,000 or less loans with 2,963 originations, totaling $153,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,077 $95,045,000 $88,250 $1,148 6.80%
    $150k-250k 823 $87,015,000 $105,729 $1,272 6.80%
    $75k-100k 709 $55,205,000 $77,863 $1,116 6.76%
    $50k-75k 639 $43,945,000 $68,772 $1,116 6.73%
    $50k or less 250 $13,940,000 $55,760 $996 6.66%
    $250k+ 192 $28,090,000 $146,302 $1,212 6.62%

    Affinity Plus lent most frequently to those with incomes in the $100k-150k range, with 1,077 originations. The second most popular income band? $150k-250k, with 823 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 896 $72,250,000 $80,636 $1,089 6.66%
    30-36% 698 $64,350,000 $92,192 $1,314 6.71%
    <20% 351 $24,785,000 $70,613 $1,023 6.53%
    50-60% 201 $19,615,000 $97,587 $979 6.93%
    38% 144 $12,840,000 $89,167 $966 6.91%
    37% 140 $12,420,000 $88,714 $1,232 6.80%
    39% 134 $11,900,000 $88,806 $1,088 6.68%
    42% 126 $10,480,000 $83,175 $1,078 6.87%
    43% 125 $11,355,000 $90,840 $1,130 6.85%
    41% 120 $12,600,000 $105,000 $1,493 6.96%
    36% 119 $9,965,000 $83,739 $1,120 6.60%
    40% 116 $10,940,000 $94,310 $1,125 6.99%
    44% 116 $11,020,000 $95,000 $1,224 6.90%
    45% 103 $9,535,000 $92,573 $1,136 6.96%
    47% 82 $8,160,000 $99,512 $1,442 6.98%
    48% 75 $7,985,000 $106,467 $1,240 7.04%
    46% 66 $5,620,000 $85,152 $1,067 6.94%
    49% 53 $5,025,000 $94,811 $950 7.12%
    >60% 25 $2,395,000 $95,800 $919 6.96%

    Affinity Plus lent most frequently to those with DTI ratios of 20-30%, with 896 originations. The next most common DTI ratio? 30-36%, with 698 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,965 $254,435,000 $85,813 $1,145 6.74%
    Not provided 445 $42,025,000 $94,438 $1,162 6.78%
    Asian 87 $10,275,000 $118,103 $1,575 6.85%
    Black 104 $8,460,000 $81,346 $989 7.12%
    American Indian 55 $4,145,000 $75,364 $1,019 7.01%
    Other Asian 16 $1,380,000 $86,250 $1,223 6.81%
    Asian Indian 8 $1,230,000 $153,750 $1,540 6.59%
    Korean 2 $390,000 $195,000 $4,743 8.44%
    Japanese 2 $370,000 $185,000 $2,217 6.12%
    Chinese 1 $245,000 $245,000 $4,370 6.13%
    Filipino 2 $120,000 $60,000 $275 7.25%
    Native Hawaiian or Islander 2 $110,000 $55,000 $275 7.81%
    Vietnamese 1 $55,000 $55,000 $275 4.99%

    Approval Rates

    Total approvals of all applications
    86.44%

    Affinity Plus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.95%

    Affinity Plus has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,690 $323,240,000 $87,599

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,690 $323,240,000 $87,599

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 888 $77,940,000 $87,770 $587 6.90%
    40-60% 188 $29,700,000 $157,979 $2,042 6.76%
    60-80% 226 $54,400,000 $240,708 $4,184 6.67%
    80-100% 236 $63,570,000 $269,364 $5,097 6.62%
    Under 20% 2,152 $97,630,000 $45,367 $322 6.73%