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
  • Complaints
  • 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 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.

    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% 4/28/24
    30 Year Conventional Refi 6.48% 4/28/24
    30 Year Cash-out Refi 6.67% 4/28/24
    30 Year VA Purchase 6.42% 4/28/24
    15 Year Conventional Purchase 6.15% 4/28/24
    15 Year Conventional Refi 6.53% 4/28/24
    15 Year Cash-out Refi 6.53% 4/28/24
    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

    6,635

    Origination Dollar Volume (All Markets)

    $998,105,000

    Awards

    AFFINITY PLUS 30 Year Conventional Loans silver AFFINITY PLUS 30 Year Conventional Loans silver AFFINITY PLUS 30 Year Conventional Loans bronze
    Show all (3) 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) 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%
    Affinity Plus's top markets include Minneapolis, Grand Rapids, Duluth, Rochester, 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.

    Bank Forward
    Similarity Rank: 68
    NORTHWOODS
    Similarity Rank: 303
    Western National Bank
    Similarity Rank: 368
    SUPERIOR CHOICE
    Similarity Rank: 464
    FIRST STATE MORTGAGE SERVICES, LLC
    Similarity Rank: 564
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 602
    CAPITAL CREDIT UNION
    Similarity Rank: 684
    Farmers & Merchants Savings Bank
    Similarity Rank: 720
    Anoka Hennepin Credit Union
    Similarity Rank: 826
    Manufacturers Bank & Trust Company
    Similarity Rank: 882

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 4,071 $493,945,000 $121,333 $2,170 3.03%
    Refi 1,783 $315,745,000 $177,086 $2,787 2.45%
    Home Purchase 781 $188,415,000 $241,248 $4,621 2.95%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,939 $148,945,000 $76,815 $964 2.82%
    30 Year 1,821 $422,795,000 $232,177 $4,272 3.06%
    15 Year 1,337 $186,115,000 $139,203 $2,304 3.20%
    Other 921 $149,135,000 $161,927 $1,587 2.05%
    20 Year 426 $81,490,000 $191,291 $3,564 2.86%
    5 Year 190 $9,600,000 $50,526 $426 2.95%
    3 Year 1 $25,000 $25,000 $245 2.99%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,251 $246,855,000 $109,665
    $1k-2k 1,429 $211,265,000 $147,841
    $2k-3k 1,061 $249,635,000 $235,283
    $3k-4k 382 $127,100,000 $332,723
    $4k-5k 100 $40,780,000 $407,800
    $5k+ 66 $36,010,000 $545,606

    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

    Loan Rate Originations Total Value Average Loan
    <2.5% 2,947 $388,125,000 $131,702
    2.5-3% 1,911 $360,635,000 $188,715
    3-4% 1,227 $217,975,000 $177,649
    4-5% 350 $20,890,000 $59,686
    5-6% 171 $8,785,000 $51,374
    6-7% 15 $825,000 $55,000
    7-8% 7 $325,000 $46,429
    Over 8% 7 $545,000 $77,857

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,678 $151,200,000 $56,460 $830 3.14%
    $100k-200k 2,136 $320,170,000 $149,892 $2,620 2.59%
    $200k-400k 1,650 $441,270,000 $267,436 $4,182 2.77%
    $400k-600k 150 $69,650,000 $464,333 $6,047 2.76%
    $600k-1MM 21 $15,815,000 $753,095 $9,881 3.11%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,788 $281,910,000 $157,668 $2,822 2.85%
    $75k-100k 1,435 $207,575,000 $144,652 $2,688 2.87%
    $50k-75k 1,421 $186,705,000 $131,390 $2,604 2.88%
    $150k-250k 1,082 $200,670,000 $185,462 $3,046 2.83%
    $50k or less 704 $72,460,000 $102,926 $2,371 2.92%
    $250k+ 205 $48,785,000 $237,976 $3,648 2.78%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,059 $298,265,000 $144,859 $2,725 2.77%
    30-36% 1,316 $209,350,000 $159,081 $2,764 2.92%
    <20% 1,050 $117,600,000 $112,000 $2,575 2.63%
    37% 199 $32,045,000 $161,030 $2,679 3.03%
    36% 198 $32,180,000 $162,525 $2,819 3.04%
    39% 195 $32,265,000 $165,462 $2,641 2.95%
    50-60% 189 $27,955,000 $147,910 $2,279 3.12%
    38% 187 $35,185,000 $188,155 $3,066 2.93%
    41% 170 $27,780,000 $163,412 $2,657 3.11%
    40% 164 $28,960,000 $176,585 $2,968 3.02%
    43% 162 $28,010,000 $172,901 $2,848 3.07%
    42% 159 $26,655,000 $167,642 $2,952 3.12%
    44% 128 $20,890,000 $163,203 $2,816 3.06%
    45% 101 $17,185,000 $170,149 $2,873 2.97%
    48% 89 $15,945,000 $179,157 $2,929 2.99%
    46% 86 $14,790,000 $171,977 $2,797 2.92%
    47% 79 $14,025,000 $177,532 $2,760 2.93%
    49% 62 $11,780,000 $190,000 $3,098 2.98%
    >60% 42 $7,240,000 $172,381 $2,283 3.07%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,362 $798,330,000 $148,887 $2,729 2.87%
    Not provided 796 $118,280,000 $148,593 $2,523 2.82%
    Asian 196 $36,020,000 $183,776 $3,268 2.79%
    Black 153 $26,875,000 $175,654 $3,335 2.99%
    American Indian 77 $10,815,000 $140,455 $2,938 3.01%
    Other Asian 21 $3,465,000 $165,000 $3,129 3.01%
    Asian Indian 18 $2,820,000 $156,667 $2,534 2.68%
    Vietnamese 2 $350,000 $175,000 $2,712 2.19%
    Filipino 2 $290,000 $145,000 $773 3.00%
    Native Hawaiian or Islander 2 $260,000 $130,000 $1,728 2.00%
    Korean 3 $215,000 $71,667 $0 3.17%
    Other Pacific Islander 1 $195,000 $195,000 $3,408 2.38%
    Japanese 1 $95,000 $95,000 $0 2.50%
    Chinese 1 $95,000 $95,000 $0 2.50%

    Approval Rates

    Total approvals of all applications
    90.69%

    Affinity Plus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.71%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,635 $998,105,000 $150,430

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,118 $106,650,000 $95,394 $1,341 2.79%
    40-60% 1,268 $208,120,000 $164,132 $2,512 2.45%
    60-80% 1,884 $417,530,000 $221,619 $3,570 2.77%
    80-100% 807 $196,605,000 $243,625 $4,413 2.99%
    Under 20% 1,558 $69,200,000 $44,416 $358 3.31%

    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%