Affinity Plus Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 549300NL3JN3ABDPH257

Tax ID: 41-0557541

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Refi and Home Purchase loans. Affinity Plus has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Bemidji, Grand Rapids, Duluth, and Rochester among others. We have data for 29 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
    30 Year Conventional Purchase 6.71% 11/22/24
    30 Year Conventional Refi 6.48% 11/22/24
    30 Year Cash-out Refi 6.67% 11/22/24
    30 Year VA Purchase 6.42% 11/22/24
    15 Year Conventional Purchase 6.15% 11/22/24
    15 Year Conventional Refi 6.53% 11/22/24
    15 Year Cash-out Refi 6.53% 11/22/24
    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

    2,942

    Origination Dollar Volume (All Markets)

    $302,640,000
    Show all (5) awards

    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) 1,670 $184,360,000 $110,395 $1,775 4.76%
    Outside of Metro Areas 206 $19,400,000 $94,175 $1,699 4.70%
    Bemidji, MN (FHA|USDA|VA) 152 $15,550,000 $102,303 $1,731 4.58%
    Grand Rapids, MN (FHA|USDA|VA) 157 $12,815,000 $81,624 $1,481 4.71%
    DULUTH, MN-WI (FHA|USDA|VA) 135 $12,495,000 $92,556 $1,983 4.95%
    ROCHESTER, MN (FHA|USDA|VA) 111 $11,365,000 $102,387 $1,780 4.60%
    Brainerd, MN (FHA|USDA|VA) 93 $7,755,000 $83,387 $1,728 4.62%
    Faribault-Northfield, MN (FHA|USDA|VA) 74 $6,960,000 $94,054 $1,528 4.76%
    ST. CLOUD, MN (FHA|USDA|VA) 62 $5,930,000 $95,645 $1,685 4.74%
    MANKATO, MN (FHA|USDA|VA) 49 $5,695,000 $116,224 $2,060 4.51%
    Winona, MN (FHA|USDA|VA) 47 $4,525,000 $96,277 $1,956 4.64%
    Fergus Falls, MN (FHA|USDA|VA) 66 $4,500,000 $68,182 $1,231 4.87%
    FARGO, ND-MN (FHA|USDA|VA) 38 $3,730,000 $98,158 $1,189 4.90%
    Red Wing, MN (FHA|USDA|VA) 18 $1,660,000 $92,222 $1,953 4.86%
    Alexandria, MN (FHA|USDA|VA) 17 $1,525,000 $89,706 $1,860 5.27%
    Fairmont, MN (FHA|USDA|VA) 6 $840,000 $140,000 $2,550 4.21%
    Willmar, MN (FHA|USDA|VA) 9 $705,000 $78,333 $1,260 4.39%
    Owatonna, MN (FHA|USDA|VA) 7 $515,000 $73,571 $866 4.91%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 6 $460,000 $76,667 $1,034 4.67%
    Austin, MN (FHA|USDA|VA) 2 $390,000 $195,000 $5,788 4.56%
    BISMARCK, ND (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $230,000 $115,000 $2,957 4.00%
    Albert Lea, MN (FHA|USDA|VA) 4 $200,000 $50,000 $858 5.03%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $175,000 $175,000 $5,285 4.50%
    Wahpeton, ND-MN (FHA|USDA|VA) 3 $175,000 $58,333 $875 5.37%
    Marshall, MN (FHA|USDA|VA) 1 $165,000 $165,000 $3,599 4.50%
    Hutchinson, MN (FHA|USDA|VA) 2 $110,000 $55,000 $1,348 5.69%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $80,000 $40,000 $225 5.88%
    Menomonie, WI (FHA|USDA|VA) 1 $25,000 $25,000 $225 5.13%
    Affinity Plus's top markets include Minneapolis, Bemidji, Grand Rapids, Duluth, 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.

    GREAT RIVER FEDERAL CREDIT UNION
    Similarity Rank: 12
    The Miners National Bank of Eveleth
    Similarity Rank: 78
    Western National Bank
    Similarity Rank: 110
    VISIONBank
    Similarity Rank: 162
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 310
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 312
    Deere Employees Credit Union
    Similarity Rank: 326
    VALLEY MORTGAGE, INC.
    Similarity Rank: 336
    First Alliance Credit Union
    Similarity Rank: 405
    Regent Financial Group, Inc.
    Similarity Rank: 450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,275 $235,705,000 $103,607 $1,732 4.75%
    HELOC 667 $66,935,000 $100,352 n/a 4.73%

    For 2018, Affinity Plus's most frequently originated type of loan was Conventional, with 2,275 originations. Their 2nd most popular type was HELOC, with 667 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,000 $74,820,000 $74,820 $955 4.85%
    Home Improvement 761 $36,025,000 $47,339 $270 4.96%
    Home Purchase 752 $136,440,000 $181,436 $3,551 4.58%
    Cash Out Refi 425 $55,245,000 $129,988 $2,821 4.38%
    Other 3 $85,000 $28,333 $225 4.50%
    NA 1 $25,000 $25,000 $625 8.55%

    For 2018, Affinity Plus's most frequently cited loan purpose was Refi, with 1,000 originations. The 2nd most popular reason was Home Improvement, with 761 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,044 $56,700,000 $54,310 $425 4.90%
    15 Year 785 $69,065,000 $87,981 $1,086 5.08%
    30 Year 768 $147,240,000 $191,719 $3,881 4.58%
    5 Year 200 $6,810,000 $34,050 $301 3.72%
    20 Year 92 $14,960,000 $162,609 $3,443 4.33%
    Other 53 $7,865,000 $148,396 $2,952 3.54%

    For 2018, Affinity Plus's most frequently cited loan duration was 10 Year, with 1,044 originations. The 2nd most popular length was 15 Year, with 785 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,484 $84,240,000 $56,765
    $1k-2k 418 $60,240,000 $144,115
    $2k-3k 239 $54,305,000 $227,218
    $3k-4k 63 $19,025,000 $301,984
    $4k-5k 36 $12,260,000 $340,556
    $5k+ 12 $4,210,000 $350,833

    Affinity Plus's average total fees were $3,881, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,484 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,454 $183,790,000 $126,403
    5-6% 718 $44,770,000 $62,354
    3-4% 566 $62,410,000 $110,265
    6-7% 131 $6,625,000 $50,573
    Over 8% 28 $1,610,000 $57,500
    7-8% 27 $995,000 $36,852
    2.5-3% 18 $2,440,000 $135,556

    During 2018, Affinity Plus's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 1,454 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,875 $91,825,000 $48,973 $475 4.93%
    $100k-200k 649 $97,285,000 $149,900 $3,152 4.40%
    $200k-400k 392 $101,660,000 $259,337 $4,638 4.46%
    $400k-600k 25 $11,215,000 $448,600 $6,013 4.36%
    $600k-1MM 1 $655,000 $655,000 $8,936 4.13%

    2018 saw Affinity Plus place emphasis on $100,000 or less loans with 1,875 originations, totaling $91,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 737 $69,835,000 $94,756 $1,797 4.71%
    $100k-150k 702 $78,350,000 $111,610 $1,749 4.76%
    $75k-100k 610 $62,730,000 $102,836 $1,740 4.75%
    $50k or less 468 $35,740,000 $76,368 $1,540 4.73%
    $150k-250k 377 $46,645,000 $123,727 $1,682 4.80%
    $250k+ 48 $9,340,000 $194,583 $2,873 4.70%

    Affinity Plus lent most frequently to those with incomes in the $50k-75k range, with 737 originations. The second most popular income band? $100k-150k, with 702 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 815 $82,415,000 $101,123 $1,733 4.69%
    30-36% 631 $67,255,000 $106,585 $1,825 4.68%
    <20% 286 $24,760,000 $86,573 $1,468 4.54%
    37% 124 $10,920,000 $88,065 $1,437 4.96%
    42% 114 $14,100,000 $123,684 $2,319 4.83%
    38% 111 $11,635,000 $104,820 $1,890 4.84%
    50-60% 102 $8,830,000 $86,569 $1,164 4.97%
    41% 100 $9,180,000 $91,800 $1,410 4.80%
    40% 94 $10,590,000 $112,660 $1,753 4.90%
    36% 92 $9,490,000 $103,152 $1,520 4.81%
    39% 92 $8,900,000 $96,739 $1,570 4.96%
    43% 77 $9,515,000 $123,571 $1,958 4.97%
    45% 56 $6,110,000 $109,107 $1,894 4.67%
    46% 54 $6,840,000 $126,667 $2,356 4.79%
    44% 52 $6,090,000 $117,115 $1,608 5.06%
    >60% 47 $5,085,000 $108,191 $1,103 4.70%
    47% 33 $2,905,000 $88,030 $1,467 4.87%
    48% 32 $3,570,000 $111,563 $2,240 4.73%
    49% 29 $4,425,000 $152,586 $2,871 4.56%

    Affinity Plus lent most frequently to those with DTI ratios of 20-30%, with 815 originations. The next most common DTI ratio? 30-36%, with 631 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,501 $255,385,000 $102,113 $1,737 4.75%
    Not provided 274 $26,450,000 $96,533 $1,496 4.75%
    Asian 77 $10,705,000 $139,026 $2,240 4.65%
    Black 58 $6,860,000 $118,276 $2,193 4.63%
    American Indian 22 $2,340,000 $106,364 $1,586 4.81%
    Native Hawaiian or Islander 4 $580,000 $145,000 $1,699 4.44%
    Asian Indian 3 $155,000 $51,667 $225 4.92%
    Other Asian 2 $100,000 $50,000 $225 5.38%
    1 $65,000 $65,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    81.44%

    Affinity Plus has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -16.28%

    Affinity Plus has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    260.75 1 $45,000 $45,000
    NA 2,941 $302,595,000 $102,888

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 35 $3,085,000 $88,143
    Single Family (1-4 Units):Site-Built 2,907 $299,555,000 $103,046

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 627 $42,595,000 $67,935 $477 4.93%
    40-60% 246 $31,210,000 $126,870 $2,303 4.33%
    60-80% 499 $86,855,000 $174,058 $3,411 4.49%
    80-100% 542 $104,450,000 $192,712 $3,756 4.65%
    Under 20% 1,028 $37,530,000 $36,508 $259 4.91%