First National Bank Bagley Mortgage Rates, Fees & Info

Bagley, MN

LEI: 549300OTZJELCR34CD18

Tax ID: 41-0136323

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

Jump to:

Mortgage Data

Review & Overview

First National Bank Bagley is a smaller bank specializing in Home Purchase loans. First National Bank Bagley has a high proportion of conventional loans. Their top (well, only) market is Grand Forks.

First National Bank Bagley 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

32

Origination Dollar Volume (All Markets)

$5,790,000

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
Outside of Metro Areas 22 $3,730,000 $169,545 $0 0.00%
GRAND FORKS, ND-MN (FHA|USDA|VA) 10 $2,060,000 $206,000 $0 0.00%
First National Bank Bagley's top markets include and Grand Forks among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $5,790,000 $180,938 $0 0.00%

    For 2023, First National Bank Bagley's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $5,100,000 $212,500 $0 0.00%
    Refi 7 $645,000 $92,143 $0 0.00%
    Home Improvement 1 $45,000 $45,000 $0 0.00%

    For 2023, First National Bank Bagley's most frequently cited loan purpose was Home Purchase, with 24 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 32 $5,790,000 $180,938 $0 0.00%

    For 2023, First National Bank Bagley's most frequently cited loan duration was Other, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $800,000 $66,667 $0 0.00%
    $100k-200k 10 $1,500,000 $150,000 $0 0.00%
    $200k-400k 6 $1,630,000 $271,667 $0 0.00%
    $400k-600k 4 $1,860,000 $465,000 $0 0.00%

    2023 saw First National Bank Bagley place emphasis on $100,000 or less loans with 12 originations, totaling $800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,185,000 $169,286 $0 0.00%
    $150k-250k 7 $1,775,000 $253,571 $0 0.00%
    $50k or less 6 $390,000 $65,000 $0 0.00%
    $75k-100k 5 $1,005,000 $201,000 $0 0.00%
    $50k-75k 4 $520,000 $130,000 $0 0.00%
    $250k+ 3 $915,000 $305,000 $0 0.00%

    First National Bank Bagley lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 32 $5,790,000 $180,938 $0 0.00%

    First National Bank Bagley lent most frequently to those with DTI ratios of Exempt%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $5,160,000 $172,000 $0 0.00%
    American Indian 2 $630,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    First National Bank Bagley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.75%

    First National Bank Bagley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 32 $5,790,000 $180,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    32 $5,790,000 $180,938