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 loans. Security First Bank Of North Dakota has a high proportion of conventional loans. Their top markets by origination volume include: Bismarck, Phoenix, Fargo, Okeechobee, and Port St. Lucie among others. We have data for 9 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 an above average pick rate when compared to similar lenders.
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Originations
54Origination Dollar Volume (All Markets)
$15,620,000Top 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) | 40 | $7,820,000 | $195,500 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $4,045,000 | $4,045,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,410,000 | $235,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $15,620,000 | $289,259 | $0 | 0.00% |
For 2022, Security First Bank Of North Dakota's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2022, Security First Bank Of North Dakota's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $15,620,000 | $289,259 | $0 | 0.00% |
For 2022, Security First Bank Of North Dakota's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2022 saw Security First Bank Of North Dakota place emphasis on $100k-200k loans with 16 originations, totaling $2,470,000 in origination value.
Applicant Income
Security First Bank Of North Dakota lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $15,620,000 | $289,259 | $0 | 0.00% |
Security First Bank Of North Dakota lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 43 | $8,395,000 | $195,233 | $0 | 0.00% |
| Not applicable | 11 | $7,225,000 | $656,818 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.31%
Security First Bank Of North Dakota has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.59%
Security First Bank Of North Dakota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $15,620,000 | $289,259 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 100.0% |