Northview Bank Mortgage Rates, Fees & Info
Sandstone, MNLEI: 549300VJ9DGB4OZNPL63
Tax ID: 41-0257370
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Mortgage Data
Review & Overview
Northview Bank is a smaller bank specializing in Home Purchase loans. Northview Bank has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Minneapolis, Grand Rapids, Brainerd, and Madison among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Northview Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
215Origination Dollar Volume (All Markets)
$45,775,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 101 | $21,405,000 | $211,931 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 63 | $10,895,000 | $172,937 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 20 | $6,000,000 | $300,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 17 | $3,735,000 | $219,706 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Northview Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 55
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 215 | $45,775,000 | $212,907 | $0 | 0.00% |
For 2024, Northview Bank's most frequently originated type of loan was Conventional, with 215 originations.
Loan Reason
For 2024, Northview Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 215 | $45,775,000 | $212,907 | $0 | 0.00% |
For 2024, Northview Bank's most frequently cited loan duration was Other, with 215 originations.
Loan Sizing
2024 saw Northview Bank place emphasis on $100k-200k loans with 85 originations, totaling $12,515,000 in origination value.
Applicant Income
Northview Bank lent most frequently to those with incomes in the $150k-250k range, with 54 originations. The second most popular income band? $100k-150k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 215 | $45,775,000 | $212,907 | $0 | 0.00% |
Northview Bank lent most frequently to those with DTI ratios of Exempt%, with 215 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.34%
Northview Bank has a below average approval rate.
Pick Rate
Approvals leading to origination57.21%
Northview Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 215 | $45,775,000 | $212,907 |