First National Bank Bagley Mortgage Rates, Fees & Info
Bagley, MNLEI: 549300OTZJELCR34CD18
Tax ID: 41-0136323
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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.
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Originations
32Origination Dollar Volume (All Markets)
$5,790,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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 applications94.44%
First National Bank Bagley has an average approval rate.
Pick Rate
Approvals leading to origination93.75%
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 |