Security State Bank Of Marine Mortgage Rates, Fees & Info
Marine on St Croix, MNLEI: 549300OQMIO8XPU2KT43
Tax ID: 41-0531810
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Security State Bank Of Marine is a smaller bank specializing in Home Purchase loans. Security State Bank Of Marine has a high proportion of conventional loans. Their top (well, only) market is Minneapolis.Security State Bank Of Marine has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
49Origination Dollar Volume (All Markets)
$9,975,000Top 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) | 45 | $9,125,000 | $202,778 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $850,000 | $212,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $9,975,000 | $203,571 | $0 | 0.00% |
For 2019, Security State Bank Of Marine's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 39 | $8,395,000 | $215,256 | $0 | 0.00% |
| Refi | 7 | $1,465,000 | $209,286 | $0 | 0.00% |
| Home Improvement | 3 | $115,000 | $38,333 | $0 | 0.00% |
For 2019, Security State Bank Of Marine's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $9,975,000 | $203,571 | $0 | 0.00% |
For 2019, Security State Bank Of Marine's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw Security State Bank Of Marine place emphasis on $100k-200k loans with 20 originations, totaling $2,980,000 in origination value.
Applicant Income
Security State Bank Of Marine lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $9,975,000 | $203,571 | $0 | 0.00% |
Security State Bank Of Marine lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.04%
Security State Bank Of Marine has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.96%
Security State Bank Of Marine has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $9,975,000 | $203,571 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 49 | $9,975,000 | $203,571 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Security National Financial Corp | Other type of mortgage | Trouble during payment process | 1 | 33.3% |
| Security National Financial Corp | VA mortgage | Closing on a mortgage | 1 | 33.3% |