Affinity Plus Mortgage Rates, Fees & Info
St. Paul, MNLEI: 549300NL3JN3ABDPH257
Tax ID: 41-0557541
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Mortgage Data
Review & Overview
Affinity Plus is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Affinity Plus has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Grand Rapids, Duluth, Rochester, and Brainerd among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Affinity Plus 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.71% | 10/31/24 |
30 Year Conventional Refi | 6.48% | 10/31/24 |
30 Year Cash-out Refi | 6.67% | 10/31/24 |
30 Year VA Purchase | 6.42% | 10/31/24 |
15 Year Conventional Purchase | 6.15% | 10/31/24 |
15 Year Conventional Refi | 6.53% | 10/31/24 |
15 Year Cash-out Refi | 6.53% | 10/31/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,635Origination Dollar Volume (All Markets)
$998,105,000AFFINITY PLUS - 2021
AFFINITY PLUS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 4,060 | $660,690,000 | $162,732 | $2,881 | 2.85% |
Grand Rapids, MN (FHA|USDA|VA) | 397 | $49,115,000 | $123,715 | $2,459 | 2.86% |
Outside of Metro Areas | 396 | $48,680,000 | $122,929 | $2,403 | 2.88% |
DULUTH, MN-WI (FHA|USDA|VA) | 284 | $38,610,000 | $135,951 | $2,621 | 2.92% |
ROCHESTER, MN (FHA|USDA|VA) | 240 | $35,380,000 | $147,417 | $2,671 | 2.96% |
Brainerd, MN (FHA|USDA|VA) | 184 | $27,210,000 | $147,880 | $2,609 | 2.87% |
Bemidji, MN (FHA|USDA|VA) | 202 | $26,260,000 | $130,000 | $2,589 | 2.91% |
ST. CLOUD, MN (FHA|USDA|VA) | 160 | $19,850,000 | $124,063 | $2,471 | 2.87% |
Faribault-Northfield, MN (FHA|USDA|VA) | 137 | $19,645,000 | $143,394 | $2,790 | 2.83% |
MANKATO, MN (FHA|USDA|VA) | 133 | $18,095,000 | $136,053 | $2,587 | 2.83% |
FARGO, ND-MN (FHA|USDA|VA) | 79 | $11,015,000 | $139,430 | $2,435 | 2.80% |
Fergus Falls, MN (FHA|USDA|VA) | 95 | $9,645,000 | $101,526 | $2,146 | 2.96% |
Winona, MN (FHA|USDA|VA) | 80 | $9,470,000 | $118,375 | $2,618 | 2.74% |
Red Wing, MN (FHA|USDA|VA) | 39 | $6,055,000 | $155,256 | $2,889 | 3.01% |
Alexandria, MN (FHA|USDA|VA) | 27 | $3,545,000 | $131,296 | $2,577 | 2.70% |
Owatonna, MN (FHA|USDA|VA) | 22 | $2,390,000 | $108,636 | $2,028 | 3.17% |
Hutchinson, MN (FHA|USDA|VA) | 12 | $1,460,000 | $121,667 | $2,448 | 2.52% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $2,972 | 2.42% |
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $3,005 | 2.58% |
GRAND FORKS, ND-MN (FHA|USDA|VA) | 11 | $1,125,000 | $102,273 | $2,251 | 3.04% |
Willmar, MN (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $2,526 | 2.55% |
Wahpeton, ND-MN (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $1,956 | 3.06% |
EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $1,912 | 2.31% |
Fairmont, MN (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $1,762 | 2.31% |
MADISON, WI (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,781 | 2.58% |
Albert Lea, MN (FHA|USDA|VA) | 8 | $490,000 | $61,250 | $1,433 | 3.25% |
Menomonie, WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,870 | 2.75% |
BISMARCK, ND (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,895 | 3.50% |
Marshall, MN (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $1,343 | 2.31% |
SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,169 | 2.81% |
Austin, MN (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $757 | 3.19% |
APPLETON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,935 | 3.25% |
Dickinson, ND (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,317 | 3.00% |
WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,631 | 2.88% |
Stevens Point, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,451 | 1.88% |
New Ulm, MN (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $1,125 | 2.25% |
Manitowoc, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,736 | 2.88% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 5,289 | $911,645,000 | $172,366 | $2,739 | 2.90% |
HELOC | 1,346 | $86,460,000 | $64,235 | n/a | 2.72% |
For 2021, Affinity Plus's most frequently originated type of loan was Conventional, with 5,289 originations. Their 2nd most popular type was HELOC, with 1,346 originations.
Loan Reason
For 2021, Affinity Plus's most frequently cited loan purpose was Cash Out Refi, with 4,071 originations. The 2nd most popular reason was Refi, with 1,783 originations.
Loan Duration/Length
For 2021, Affinity Plus's most frequently cited loan duration was 10 Year, with 1,939 originations. The 2nd most popular length was 30 Year, with 1,821 originations.
Origination Fees/Closing Costs
Affinity Plus's average total fees were $4,272, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,251 originations.
Interest Rates
During 2021, Affinity Plus's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was <2.5%, with 2,947 originations.
Loan Sizing
2021 saw Affinity Plus place emphasis on $100,000 or less loans with 2,678 originations, totaling $151,200,000 in origination value.
Applicant Income
Affinity Plus lent most frequently to those with incomes in the $100k-150k range, with 1,788 originations. The second most popular income band? $75k-100k, with 1,435 originations.
Applicant Debt to Income Ratio
Affinity Plus lent most frequently to those with DTI ratios of 20-30%, with 2,059 originations. The next most common DTI ratio? 30-36%, with 1,316 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.69%
Affinity Plus has an average approval rate.
Pick Rate
Approvals leading to origination72.71%
Affinity Plus has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 6,635 | $998,105,000 | $150,430 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Avant Holding Company, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |