Superior Savings Bank Mortgage Rates, Fees & Info
Superior, WILEI: 549300TSV5GUFPY3IT90
Tax ID: 39-0634605
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Superior Savings Bank is a smaller bank specializing in Home Purchase loans. Superior Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Duluth.Superior Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
68Origination Dollar Volume (All Markets)
$8,160,000Top 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 |
|---|---|---|---|---|---|
| DULUTH, MN-WI (FHA|USDA|VA) | 63 | $7,105,000 | $112,778 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,055,000 | $211,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $8,160,000 | $120,000 | $0 | 0.00% |
For 2023, Superior Savings Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2023, Superior Savings Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $8,160,000 | $120,000 | $0 | 0.00% |
For 2023, Superior Savings Bank's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2023 saw Superior Savings Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,365,000 in origination value.
Applicant Income
Superior Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $8,160,000 | $120,000 | $0 | 0.00% |
Superior Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.77%
Superior Savings 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $8,160,000 | $120,000 |