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 and Cash Out Refi loans. Superior Savings Bank has a high proportion of conventional loans. Their top two markets are Duluth and Minneapolis .Superior Savings 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
128Origination Dollar Volume (All Markets)
$22,170,000Top 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) | 121 | $20,215,000 | $167,066 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,320,000 | $220,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $22,170,000 | $173,203 | $0 | 0.00% |
For 2022, Superior Savings Bank's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
For 2022, Superior Savings Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $22,170,000 | $173,203 | $0 | 0.00% |
For 2022, Superior Savings Bank's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2022 saw Superior Savings Bank place emphasis on $100k-200k loans with 50 originations, totaling $7,150,000 in origination value.
Applicant Income
Superior Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $22,170,000 | $173,203 | $0 | 0.00% |
Superior Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.17%
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 origination92.19%
Superior Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $22,170,000 | $173,203 |