Lakeview Bank Mortgage Rates, Fees & Info

Lakeville, MN

LEI: 549300Q88XHYAWBJTS50

Tax ID: 20-1249966

Latest/2024 | 2023 Data | 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
  • 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

    Lakeview Bank is a smaller bank specializing in Home Purchase and Other loans. Lakeview Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Red Wing, Faribault, Menomonie, and Mason City among others. We have data for 6 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 a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $10,440,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 40 $8,500,000 $212,500 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 1 $815,000 $815,000 $0 0.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 4 $730,000 $182,500 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Lakeview Bank's top markets include Minneapolis, Red Wing, Faribault, Menomonie, and Mason City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $10,440,000 $217,500 $0 0.00%

    For 2024, Lakeview Bank's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $5,540,000 $184,667 $0 0.00%
    Other 12 $2,590,000 $215,833 $0 0.00%
    Refi 5 $2,045,000 $409,000 $0 0.00%
    Home Improvement 1 $265,000 $265,000 $0 0.00%

    For 2024, Lakeview Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Other, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $10,440,000 $217,500 $0 0.00%

    For 2024, Lakeview Bank's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,145,000 $149,762 $0 0.00%
    $200k-400k 20 $5,260,000 $263,000 $0 0.00%
    $100,000 or less 4 $270,000 $67,500 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%
    $600k-1MM 1 $815,000 $815,000 $0 0.00%

    2024 saw Lakeview Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,520,000 $253,333 $0 0.00%
    $250k+ 5 $1,885,000 $377,000 $0 0.00%
    $50k-75k 5 $1,205,000 $241,000 $0 0.00%
    $50k or less 3 $365,000 $121,667 $0 0.00%
    $75k-100k 3 $745,000 $248,333 $0 0.00%
    $150k-250k 1 $265,000 $265,000 $0 0.00%

    Lakeview Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $250k+, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $10,440,000 $217,500 $0 0.00%

    Lakeview Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $5,935,000 $258,043 $0 0.00%
    Not applicable 24 $4,230,000 $176,250 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.72%

    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 origination
    77.08%

    Lakeview Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $10,440,000 $217,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $10,440,000 $217,500