Affinity Plus Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300NL3JN3ABDPH257

Tax ID: 41-0557541

5 stars - Updated: 4/5/25 - out of 5 stars, based on 60 reviews

Latest/2024 | 2023 Data | 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 and Home Purchase loans. Affinity Plus has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Grand Rapids, Duluth, Brainerd, and Rochester among others. We have data for 35 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 a low 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 about average 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
    Home Equity Line of Credit (HELOC) 6.48% 4/5/25
    30 Year Conventional Purchase 6.68% 4/5/25
    30 Year Conventional Refi 6.45% 4/5/25
    30 Year Cash-out Refi 6.62% 4/5/25
    30 Year VA Purchase 7.08% 4/5/25
    15 Year Conventional Purchase 6.47% 4/5/25
    15 Year Conventional Refi 7.22% 4/5/25
    15 Year Cash-out Refi 7.22% 4/5/25
    15 Year VA Refi 6.00% 4/5/25
    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

    3,603

    Origination Dollar Volume (All Markets)

    $350,955,000
    Show all (12) awards

    Relative Rate

    Affinity Plus's average 30 year fixed mortgage rate was 6.47%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Affinity Plus's average total fees/closing costs for a 30 year fixed rate mortgage were $5,039.

    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 $8,356.

    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) 2,094 $219,480,000 $104,814 $1,311 7.18%
    Outside of Metro Areas 209 $18,475,000 $88,397 $1,324 7.27%
    Grand Rapids, MN (FHA|USDA|VA) 221 $17,305,000 $78,303 $1,035 7.13%
    DULUTH, MN-WI (FHA|USDA|VA) 171 $16,185,000 $94,649 $1,621 7.11%
    Brainerd, MN (FHA|USDA|VA) 123 $13,375,000 $108,740 $1,448 7.15%
    ROCHESTER, MN (FHA|USDA|VA) 135 $12,855,000 $95,222 $1,292 7.28%
    Bemidji, MN (FHA|USDA|VA) 134 $10,940,000 $81,642 $1,292 7.11%
    ST. CLOUD, MN (FHA|USDA|VA) 82 $7,060,000 $86,098 $1,491 7.23%
    Faribault-Northfield, MN (FHA|USDA|VA) 78 $6,430,000 $82,436 $1,054 7.02%
    Fergus Falls, MN (FHA|USDA|VA) 89 $5,835,000 $65,562 $1,177 7.37%
    FARGO, ND-MN (FHA|USDA|VA) 57 $4,535,000 $79,561 $1,508 7.27%
    MANKATO, MN (FHA|USDA|VA) 48 $4,060,000 $84,583 $1,150 7.10%
    Red Wing, MN (FHA|USDA|VA) 27 $2,855,000 $105,741 $1,646 7.07%
    Winona, MN (FHA|USDA|VA) 30 $1,510,000 $50,333 $470 7.07%
    Alexandria, MN (FHA|USDA|VA) 23 $1,455,000 $63,261 $767 6.90%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 9 $1,375,000 $152,778 $2,578 6.76%
    New Ulm, MN (FHA|USDA|VA) 7 $1,125,000 $160,714 $2,709 6.48%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $995,000 $331,667 $3,013 6.16%
    Owatonna, MN (FHA|USDA|VA) 13 $795,000 $61,154 $1,000 7.22%
    Willmar, MN (FHA|USDA|VA) 5 $655,000 $131,000 $320 7.40%
    Menomonie, WI (FHA|USDA|VA) 2 $640,000 $320,000 $5,893 6.44%
    Hutchinson, MN (FHA|USDA|VA) 4 $610,000 $152,500 $2,762 7.15%
    Austin, MN (FHA|USDA|VA) 6 $400,000 $66,667 $517 7.93%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $400,000 $200,000 $3,395 6.50%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $320,000 $40,000 $404 6.80%
    Marshall, MN (FHA|USDA|VA) 4 $280,000 $70,000 $1,098 7.31%
    Wahpeton, ND-MN (FHA|USDA|VA) 3 $255,000 $85,000 $770 8.21%
    Fairmont, MN (FHA|USDA|VA) 5 $235,000 $47,000 $1,022 7.17%
    Albert Lea, MN (FHA|USDA|VA) 4 $130,000 $32,500 $678 6.81%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.75%
    Williston, ND (FHA|USDA|VA) 1 $95,000 $95,000 $230 8.38%
    RACINE, WI (FHA|USDA|VA) 2 $50,000 $25,000 $320 6.24%
    BISMARCK, ND (FHA|USDA|VA) 1 $45,000 $45,000 $380 9.38%
    GREEN BAY, WI (FHA|USDA|VA) 1 $35,000 $35,000 $320 6.49%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $35,000 $35,000 $320 6.24%
    Affinity Plus's top markets include Minneapolis, Grand Rapids, Duluth, Brainerd, and Rochester 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.

    SUPERIOR CHOICE
    Similarity Rank: 55
    Western State Bank
    Similarity Rank: 108
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 128
    MY Credit Union
    Similarity Rank: 130
    North Shore Federal Credit Union
    Similarity Rank: 140
    NORTHWOODS
    Similarity Rank: 184
    VALLEY MORTGAGE, INC.
    Similarity Rank: 190
    MEMBERS COOPERATIVE
    Similarity Rank: 280
    SHAREPOINT CREDIT UNION
    Similarity Rank: 348
    National Bank of Commerce
    Similarity Rank: 378

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,662 $280,820,000 $105,492 $1,303 6.88%
    HELOC 939 $69,485,000 $73,999 n/a 8.00%
    VA 2 $650,000 $325,000 $2,419 6.88%

    For 2024, Affinity Plus's most frequently originated type of loan was Conventional, with 2,662 originations. Their 2nd most popular type was HELOC, with 939 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,623 $100,565,000 $61,962 $391 7.32%
    Other 975 $60,855,000 $62,415 $405 7.30%
    Refi 499 $54,365,000 $108,948 $945 7.21%
    Home Purchase 445 $122,325,000 $274,888 $4,945 6.45%
    Cash Out Refi 61 $12,845,000 $210,574 $3,899 6.26%

    For 2024, Affinity Plus's most frequently cited loan purpose was Home Improvement, with 1,623 originations. The 2nd most popular reason was Other, with 975 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,632 $107,330,000 $65,766 $379 7.45%
    15 Year 1,213 $97,195,000 $80,128 $596 7.31%
    30 Year 440 $125,110,000 $284,341 $5,039 6.47%
    5 Year 265 $10,035,000 $37,868 $353 6.26%
    20 Year 32 $7,550,000 $235,938 $4,692 6.21%
    Other 21 $3,735,000 $177,857 $1,787 5.73%

    For 2024, Affinity Plus's most frequently cited loan duration was 10 Year, with 1,632 originations. The 2nd most popular length was 15 Year, with 1,213 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,214 $153,720,000 $69,431
    $2k-3k 161 $39,325,000 $244,255
    $1k-2k 112 $16,120,000 $143,929
    $3k-4k 99 $32,785,000 $331,162
    $4k-5k 45 $20,325,000 $451,667
    $5k+ 32 $19,060,000 $595,625

    Affinity Plus's average total fees were $5,039, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,214 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,439 $116,085,000 $80,671
    6-7% 1,438 $167,330,000 $116,363
    5-6% 370 $44,550,000 $120,405
    Over 8% 345 $20,955,000 $60,739
    4-5% 10 $1,930,000 $193,000
    <2.5% 1 $105,000 $105,000

    During 2024, Affinity Plus's average interest rate for loans was 6.47%, while their most frequently originated rate bucket for loans was 7-8%, with 1,439 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,785 $147,335,000 $52,903 $393 7.30%
    $200k-400k 374 $103,640,000 $277,112 $4,624 6.65%
    $100k-200k 354 $52,380,000 $147,966 $2,130 6.93%
    $400k-600k 70 $32,090,000 $458,429 $6,545 6.59%
    $600k-1MM 18 $12,580,000 $698,889 $9,010 6.53%
    $1MM+ 2 $2,930,000 $1,465,000 $10,165 6.88%

    2024 saw Affinity Plus place emphasis on $100,000 or less loans with 2,785 originations, totaling $147,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,067 $104,355,000 $97,802 $1,359 7.24%
    $150k-250k 871 $101,725,000 $116,791 $1,440 7.19%
    $75k-100k 636 $49,610,000 $78,003 $1,134 7.24%
    $50k-75k 617 $44,315,000 $71,823 $1,178 7.06%
    $250k+ 213 $40,345,000 $189,413 $1,825 7.03%
    $50k or less 199 $10,605,000 $53,291 $982 7.08%

    Affinity Plus lent most frequently to those with incomes in the $100k-150k range, with 1,067 originations. The second most popular income band? $150k-250k, with 871 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 808 $77,880,000 $96,386 $1,328 7.01%
    30-36% 682 $67,290,000 $98,666 $1,415 7.14%
    50-60% 233 $19,345,000 $83,026 $927 7.41%
    <20% 226 $20,570,000 $91,018 $1,192 6.90%
    39% 151 $14,765,000 $97,781 $1,170 7.17%
    40% 148 $15,750,000 $106,419 $1,534 7.26%
    44% 144 $14,750,000 $102,431 $1,408 7.40%
    36% 139 $14,275,000 $102,698 $1,256 7.18%
    41% 139 $12,175,000 $87,590 $919 7.25%
    37% 134 $13,540,000 $101,045 $1,358 7.22%
    42% 131 $12,425,000 $94,847 $1,391 7.43%
    38% 124 $11,250,000 $90,726 $1,322 7.34%
    46% 100 $9,740,000 $97,400 $1,047 7.26%
    43% 97 $9,775,000 $100,773 $1,252 7.27%
    45% 96 $9,550,000 $99,479 $1,278 7.35%
    48% 87 $9,745,000 $112,011 $1,493 7.15%
    47% 74 $7,640,000 $103,243 $1,390 7.24%
    49% 67 $7,405,000 $110,522 $1,660 7.36%
    >60% 23 $3,085,000 $134,130 $1,834 7.34%

    Affinity Plus lent most frequently to those with DTI ratios of 20-30%, with 808 originations. The next most common DTI ratio? 30-36%, with 682 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,916 $277,170,000 $95,051 $1,277 7.16%
    Not provided 392 $41,210,000 $105,128 $1,306 7.20%
    Asian 89 $12,975,000 $145,787 $2,064 7.06%
    Black 123 $11,685,000 $95,000 $1,267 7.41%
    American Indian 46 $3,620,000 $78,696 $1,148 7.39%
    Other Asian 17 $1,785,000 $105,000 $1,723 7.51%
    Asian Indian 8 $1,510,000 $188,750 $2,611 6.85%
    Native Hawaiian or Islander 3 $395,000 $131,667 $1,796 6.58%
    Korean 5 $225,000 $45,000 $309 6.97%
    Filipino 2 $190,000 $95,000 $1,945 7.31%
    Other Pacific Islander 1 $95,000 $95,000 $0 7.75%
    Chinese 1 $95,000 $95,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    85.22%

    Affinity Plus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.62%

    Affinity Plus has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,603 $350,955,000 $97,406

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,603 $350,955,000 $97,406

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 920 $87,340,000 $94,935 $561 7.41%
    40-60% 195 $34,675,000 $177,821 $2,321 6.99%
    60-80% 217 $60,235,000 $277,581 $4,591 6.48%
    80-100% 251 $75,015,000 $298,865 $5,224 6.54%
    Under 20% 2,020 $93,690,000 $46,381 $369 7.24%