Lakeview Bank Mortgage Rates, Fees & Info
Lakeville, MNLEI: 549300Q88XHYAWBJTS50
Tax ID: 20-1249966
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lakeview Bank is a smaller bank specializing in Home Purchase loans. Lakeview Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Phoenix, Brainerd, Faribault, and Albert Lea among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Lakeview Bank 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
62Origination Dollar Volume (All Markets)
$16,420,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 43 | $12,045,000 | $280,116 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,045,000 | $209,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $16,420,000 | $264,839 | $0 | 0.00% |
For 2023, Lakeview Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2023, Lakeview Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $16,420,000 | $264,839 | $0 | 0.00% |
For 2023, Lakeview Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2023 saw Lakeview Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,615,000 in origination value.
Applicant Income
Lakeview Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $16,420,000 | $264,839 | $0 | 0.00% |
Lakeview Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Lakeview Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.94%
Lakeview Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $16,420,000 | $264,839 |