Dundee Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 549300QRH7IX8IMYTC57
Tax ID: 47-0294050
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Mortgage Data
Review & Overview
Dundee Bank is a smaller bank specializing in Home Purchase and Refi loans. Dundee Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Omaha, Jonesboro, Phoenix, Lincoln, and Denver among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Dundee 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. Dundee Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 3/24/24 |
| 30 Year Conventional Refi | 6.69% | 3/24/24 |
| 30 Year Cash-out Refi | 6.75% | 3/24/24 |
| 30 Year FHA Purchase | 7.12% | 3/24/24 |
| 30 Year FHA Refi | 7.01% | 3/24/24 |
| 15 Year Conventional Purchase | 6.18% | 3/24/24 |
| 15 Year Conventional Refi | 6.11% | 3/24/24 |
| 15 Year Cash-out Refi | 6.11% | 3/24/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Dundee Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Dundee Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
495Origination Dollar Volume (All Markets)
$136,165,000Awards
Dundee Bank - 2022
Dundee Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Dundee Bank's average 30 year fixed mortgage rate was
5.12%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.36%.
Relative Fees (Closing Costs)
Dundee Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,339.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 460 | $125,860,000 | $273,609 | $4,099 | 5.11% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $13,712 | 3.69% |
| Outside of Metro Areas | 9 | $1,165,000 | $129,444 | $4,074 | 4.86% |
| LINCOLN, NE (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,789 | 4.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,559 | 3.81% |
| Fremont, NE (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,910 | 5.76% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,796 | 6.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,745 | 4.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,595 | 4.96% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,316 | 6.63% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,179 | 5.25% |
| Norfolk, NE (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,349 | 2.50% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,010 | 4.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,955 | 7.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,743 | 3.63% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,608 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Dundee Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 242
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 445 | $124,605,000 | $280,011 | $3,623 | 5.09% |
| FHA | 50 | $11,560,000 | $231,200 | $7,318 | 5.03% |
For 2022, Dundee Bank's most frequently originated type of loan was Conventional, with 445 originations. Their 2nd most popular type was FHA, with 50 originations.
Loan Reason
For 2022, Dundee Bank's most frequently cited loan purpose was Home Purchase, with 329 originations. The 2nd most popular reason was Refi, with 114 originations.
Loan Duration/Length
For 2022, Dundee Bank's most frequently cited loan duration was 30 Year, with 304 originations. The 2nd most popular length was 20 Year, with 65 originations.
Origination Fees/Closing Costs
Dundee Bank's average total fees were $4,339, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 177 originations.
Interest Rates
During 2022, Dundee Bank's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 5-6%, with 147 originations.
Loan Sizing
2022 saw Dundee Bank place emphasis on $200k-400k loans with 191 originations, totaling $51,605,000 in origination value.
Applicant Income
Dundee Bank lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $50k-75k, with 69 originations.
Applicant Debt to Income Ratio
Dundee Bank lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.60%
Dundee 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 origination87.68%
Dundee Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 495 | $136,165,000 | $275,081 |