Security First Bank Of North Dakota Mortgage Rates, Fees & Info
New Salem, NDLEI: 549300P4RGN7F1H2N265
Tax ID: 45-0192710
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Mortgage Data
Review & Overview
Security First Bank Of North Dakota is a smaller bank specializing in Home Purchase and Refi loans. Security First Bank Of North Dakota has a high proportion of conventional loans. Their top markets by origination volume include: Bismarck, Bend, Sioux Falls, Cape Coral, and Denver among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Security First Bank Of North Dakota 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.
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Originations
42Origination Dollar Volume (All Markets)
$132,710,000Top 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 |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 30 | $51,990,000 | $1,733,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $39,005,000 | $39,005,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $38,405,000 | $38,405,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $132,710,000 | $3,159,762 | $0 | 0.00% |
For 2023, Security First Bank Of North Dakota's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2023, Security First Bank Of North Dakota's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $132,710,000 | $3,159,762 | $0 | 0.00% |
For 2023, Security First Bank Of North Dakota's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2023 saw Security First Bank Of North Dakota place emphasis on $200k-400k loans with 14 originations, totaling $4,300,000 in origination value.
Applicant Income
Security First Bank Of North Dakota lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $132,710,000 | $3,159,762 | $0 | 0.00% |
Security First Bank Of North Dakota lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.16%
Security First Bank Of North Dakota has an average approval rate.
Pick Rate
Approvals leading to origination88.10%
Security First Bank Of North Dakota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $132,710,000 | $3,159,762 |