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

Review & Overview

Affinity Plus is a small mortgage company specializing in Refi loans. Affinity Plus has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Grand Rapids, Rochester, Duluth, and Brainerd among others. We have data for 31 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.

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%	5/4/24
30 Year Conventional Refi	6.48%	5/4/24
30 Year Cash-out Refi	6.67%	5/4/24
30 Year VA Purchase	6.42%	5/4/24
15 Year Conventional Purchase	6.15%	5/4/24
15 Year Conventional Refi	6.53%	5/4/24
15 Year Cash-out Refi	6.53%	5/4/24
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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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

6,614

Origination Dollar Volume (All Markets)

$1,043,450,000

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)	4,095	$706,715,000	$172,580	$3,473	3.19%
Outside of Metro Areas	374	$50,780,000	$135,775	$3,016	3.39%
Grand Rapids, MN (FHA\|USDA\|VA)	408	$47,230,000	$115,760	$2,617	3.27%
ROCHESTER, MN (FHA\|USDA\|VA)	233	$37,155,000	$159,464	$3,364	3.30%
DULUTH, MN-WI (FHA\|USDA\|VA)	267	$37,125,000	$139,045	$3,026	3.35%
Brainerd, MN (FHA\|USDA\|VA)	169	$24,745,000	$146,420	$2,953	3.23%
Bemidji, MN (FHA\|USDA\|VA)	200	$24,010,000	$120,050	$2,529	3.25%
Faribault-Northfield, MN (FHA\|USDA\|VA)	163	$23,425,000	$143,712	$2,955	3.17%
ST. CLOUD, MN (FHA\|USDA\|VA)	140	$19,170,000	$136,929	$3,745	3.06%
MANKATO, MN (FHA\|USDA\|VA)	127	$16,545,000	$130,276	$2,674	3.15%
FARGO, ND-MN (FHA\|USDA\|VA)	76	$11,220,000	$147,632	$2,856	3.20%
Fergus Falls, MN (FHA\|USDA\|VA)	93	$11,195,000	$120,376	$2,259	3.44%
Winona, MN (FHA\|USDA\|VA)	93	$10,975,000	$118,011	$3,532	3.40%
Red Wing, MN (FHA\|USDA\|VA)	42	$6,240,000	$148,571	$5,294	3.29%
Alexandria, MN (FHA\|USDA\|VA)	30	$4,050,000	$135,000	$5,204	3.07%
GRAND FORKS, ND-MN (FHA\|USDA\|VA)	19	$2,375,000	$125,000	$2,557	3.55%
Willmar, MN (FHA\|USDA\|VA)	16	$1,950,000	$121,875	$2,341	3.34%
Hutchinson, MN (FHA\|USDA\|VA)	14	$1,950,000	$139,286	$3,313	3.09%
Owatonna, MN (FHA\|USDA\|VA)	13	$1,695,000	$130,385	$2,965	3.04%
Fairmont, MN (FHA\|USDA\|VA)	5	$975,000	$195,000	$2,844	2.68%
EAU CLAIRE, WI (FHA\|USDA\|VA)	5	$725,000	$145,000	$3,011	3.62%
Austin, MN (FHA\|USDA\|VA)	6	$520,000	$86,667	$1,837	3.40%
New Ulm, MN (FHA\|USDA\|VA)	6	$460,000	$76,667	$2,279	3.14%
LA CROSSE-ONALASKA, WI-MN (FHA\|USDA\|VA)	4	$440,000	$110,000	$3,085	3.09%
Marshall, MN (FHA\|USDA\|VA)	3	$425,000	$141,667	$3,038	2.63%
Wahpeton, ND-MN (FHA\|USDA\|VA)	3	$395,000	$131,667	$2,544	3.50%
BISMARCK, ND (FHA\|USDA\|VA)	3	$345,000	$115,000	$2,810	2.67%
Albert Lea, MN (FHA\|USDA\|VA)	3	$165,000	$55,000	$2,149	3.38%
RACINE, WI (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,020	3.00%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	2	$150,000	$75,000	$2,594	3.63%
Manitowoc, WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,290	2.88%

Affinity Plus's top markets include Minneapolis, Grand Rapids, Rochester, Duluth, and Brainerd 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.

Western National Bank
Similarity Rank: 120

NORTHWOODS
Similarity Rank: 156

SUPERIOR CHOICE
Similarity Rank: 198

The Miners National Bank of Eveleth
Similarity Rank: 400

T & C REAL ESTATE SERVICES LLC
Similarity Rank: 455

CAPITAL CREDIT UNION
Similarity Rank: 540

Peoples Bank Midwest
Similarity Rank: 608

Starion Bank
Similarity Rank: 624

FIRST COMMUNITY CREDIT UNION
Similarity Rank: 882

FIRST STATE MORTGAGE SERVICES, LLC
Similarity Rank: 918

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	5,436	$961,310,000	$176,841	$3,290	3.27%
HELOC	1,178	$82,140,000	$69,728	n/a	2.98%

For 2020, Affinity Plus's most frequently originated type of loan was Conventional, with 5,436 originations. Their 2nd most popular type was HELOC, with 1,178 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	4,958	$729,550,000	$147,146	$3,026	3.24%
Home Purchase	867	$188,915,000	$217,895	$4,646	3.21%
Cash Out Refi	464	$96,450,000	$207,866	$3,790	2.96%
Home Improvement	325	$28,535,000	$87,800	$454	3.30%

For 2020, Affinity Plus's most frequently cited loan purpose was Refi, with 4,958 originations. The 2nd most popular reason was Home Purchase, with 867 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,221	$487,445,000	$219,471	$4,352	3.24%
10 Year	1,756	$135,810,000	$77,341	$1,258	3.17%
15 Year	1,549	$231,275,000	$149,306	$2,589	3.46%
20 Year	519	$113,995,000	$219,644	$3,746	3.07%
Other	401	$67,965,000	$169,489	$3,813	2.48%
5 Year	168	$6,960,000	$41,429	$435	3.48%

For 2020, Affinity Plus's most frequently cited loan duration was 30 Year, with 2,221 originations. The 2nd most popular length was 10 Year, with 1,756 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	1,984	$297,980,000	$150,192
$<1k	1,491	$111,395,000	$74,712
$2k-3k	1,353	$324,035,000	$239,494
$3k-4k	419	$147,245,000	$351,420
$4k-5k	99	$39,965,000	$403,687
$5k+	90	$40,690,000	$452,111

Affinity Plus's average total fees were $4,352, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,984 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	2,218	$426,460,000	$192,272
3-4%	2,214	$399,080,000	$180,253
<2.5%	1,395	$164,305,000	$117,781
4-5%	498	$36,930,000	$74,157
5-6%	221	$12,605,000	$57,036
6-7%	47	$2,695,000	$57,340
Over 8%	13	$1,095,000	$84,231
7-8%	8	$280,000	$35,000

During 2020, Affinity Plus's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,218 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	2,490	$136,980,000	$55,012	$1,064	3.53%
$100k-200k	2,166	$326,730,000	$150,845	$3,348	3.00%
$200k-400k	1,785	$472,415,000	$264,658	$4,698	3.07%
$400k-600k	141	$67,065,000	$475,638	$6,503	3.08%
$600k-1MM	29	$19,935,000	$687,414	$8,821	3.19%
$1MM+	3	$20,325,000	$6,775,000	$4,450	2.75%

2020 saw Affinity Plus place emphasis on $100,000 or less loans with 2,490 originations, totaling $136,980,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	1,772	$299,910,000	$169,249	$3,335	3.22%
$50k-75k	1,510	$209,020,000	$138,424	$3,086	3.24%
$75k-100k	1,463	$217,115,000	$148,404	$3,250	3.22%
$150k-250k	957	$201,265,000	$210,308	$4,033	3.15%
$50k or less	741	$74,985,000	$101,194	$2,612	3.30%
$250k+	171	$41,155,000	$240,673	$4,497	3.10%

Affinity Plus lent most frequently to those with incomes in the $100k-150k range, with 1,772 originations. The second most popular income band? $50k-75k, with 1,510 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	2,025	$320,795,000	$158,417	$3,274	3.14%
30-36%	1,314	$212,740,000	$161,903	$3,506	3.23%
<20%	998	$140,200,000	$140,481	$3,064	2.99%
36%	228	$35,700,000	$156,579	$3,409	3.30%
50-60%	194	$27,140,000	$139,897	$2,596	3.57%
38%	193	$37,345,000	$193,497	$3,447	3.50%
37%	186	$28,980,000	$155,806	$3,595	3.33%
39%	171	$28,395,000	$166,053	$3,062	3.30%
41%	168	$27,480,000	$163,571	$3,702	3.22%
40%	166	$25,850,000	$155,723	$2,996	3.37%
42%	165	$26,555,000	$160,939	$3,524	3.59%
44%	141	$24,015,000	$170,319	$3,259	3.42%
43%	133	$23,565,000	$177,180	$3,518	3.47%
45%	108	$16,630,000	$153,981	$2,907	3.47%
46%	108	$18,260,000	$169,074	$3,000	3.34%
48%	85	$14,355,000	$168,882	$2,953	3.33%
47%	82	$12,960,000	$158,049	$3,336	3.17%
49%	76	$12,890,000	$169,605	$3,478	3.29%
>60%	73	$9,595,000	$131,438	$2,662	3.15%

Affinity Plus lent most frequently to those with DTI ratios of 20-30%, with 2,025 originations. The next most common DTI ratio? 30-36%, with 1,314 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	5,470	$853,890,000	$156,104	$3,269	3.23%
Not provided	745	$120,615,000	$161,899	$3,285	3.11%
Asian	163	$29,745,000	$182,485	$3,917	3.09%
Black	135	$23,515,000	$174,185	$3,469	3.42%
American Indian	59	$7,225,000	$122,458	$2,705	3.64%
Asian Indian	13	$3,635,000	$279,615	$4,276	2.88%
Other Asian	15	$2,745,000	$183,000	$3,807	3.07%
Native Hawaiian or Islander	8	$950,000	$118,750	$2,838	3.19%
Filipino	1	$395,000	$395,000	$5,993	3.25%
Vietnamese	1	$225,000	$225,000	$1,875	3.50%
Chinese	1	$215,000	$215,000	$3,636	3.13%
Korean	2	$200,000	$100,000	$2,858	2.56%
Japanese	1	$95,000	$95,000	$225	3.99%

Approval Rates

Total approvals of all applications
91.96%

Affinity Plus has an average approval rate.

Pick Rate

Approvals leading to origination
59.89%

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
NA	6,614	$1,043,450,000	$157,764

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	21	$1,705,000	$81,190
Single Family (1-4 Units):Site-Built	6,593	$1,041,745,000	$158,008

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	984	$86,110,000	$87,510	$1,538	3.32%
40-60%	1,160	$183,680,000	$158,345	$3,266	2.87%
60-80%	2,073	$446,745,000	$215,507	$4,183	3.09%
80-100%	978	$228,480,000	$233,620	$4,528	3.23%
Over 100%	44	$41,190,000	$936,136	$1,929	3.34%
Under 20%	1,363	$56,535,000	$41,478	$419	3.62%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
Avantus, LLC	FHA mortgage	Incorrect information on your report	1	100.0%