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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First National Bank Bagley is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Bagley has a high proportion of conventional loans. Their top two markets are Grand Forks and Duluth .

    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

    41

    Origination Dollar Volume (All Markets)

    $4,975,000

    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 33 $4,075,000 $123,485 $0 0.00%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 7 $875,000 $125,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    First National Bank Bagley's top markets include Grand Forks and Duluth among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $4,975,000 $121,341 $0 0.00%

    For 2019, First National Bank Bagley's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $3,415,000 $136,600 $0 0.00%
    Refi 13 $1,425,000 $109,615 $0 0.00%
    Home Improvement 3 $135,000 $45,000 $0 0.00%

    For 2019, First National Bank Bagley's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 41 $4,975,000 $121,341 $0 0.00%

    For 2019, First National Bank Bagley's most frequently cited loan duration was Other, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,090,000 $49,545 $0 0.00%
    $100k-200k 13 $1,965,000 $151,154 $0 0.00%
    $200k-400k 5 $1,375,000 $275,000 $0 0.00%
    $400k-600k 1 $545,000 $545,000 $0 0.00%

    2019 saw First National Bank Bagley place emphasis on $100,000 or less loans with 22 originations, totaling $1,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $950,000 $67,857 $0 0.00%
    $100k-150k 10 $1,330,000 $133,000 $0 0.00%
    $50k-75k 6 $330,000 $55,000 $0 0.00%
    $75k-100k 6 $760,000 $126,667 $0 0.00%
    $150k-250k 5 $1,605,000 $321,000 $0 0.00%

    First National Bank Bagley lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 41 $4,975,000 $121,341 $0 0.00%

    First National Bank Bagley lent most frequently to those with DTI ratios of Exempt%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $4,620,000 $115,500 $0 0.00%
    Black 1 $355,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.49%

    First National Bank Bagley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.12%

    First National Bank Bagley 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 41 $4,975,000 $121,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $530,000 $53,000
    Single Family (1-4 Units):Site-Built 31 $4,445,000 $143,387

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%