Bell Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300WYBPIWKK6SQC06

Tax ID: 45-0283315

5 stars - Updated: 12/5/23 - out of 5 stars, based on 115 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bell Bank is a mid-sized bank specializing in Home Purchase loans. Bell Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Phoenix, Fargo, Kansas City, and Milwaukee among others. We have data for 218 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bell 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. Bell Bank is typically an average 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/5/23
30 Year Conventional Purchase 6.63% 12/5/23
30 Year Conventional Refi 6.53% 12/5/23
30 Year Cash-out Refi 6.74% 12/5/23
30 Year FHA Purchase 7.39% 12/5/23
30 Year FHA Refi 7.44% 12/5/23
30 Year VA Purchase 6.26% 12/5/23
30 Year VA Refi 6.04% 12/5/23
30 Year USDA Purchase 6.65% 12/5/23
15 Year Conventional Purchase 6.07% 12/5/23
15 Year Conventional Refi 5.93% 12/5/23
15 Year Cash-out Refi 5.93% 12/5/23
15 Year VA Refi 5.73% 12/5/23
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.

Bell Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bell Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

13,267

Origination Dollar Volume (All Markets)

$4,492,525,000
Show all (30) awards

Relative Rate

Bell Bank's average 30 year fixed mortgage rate was 4.95%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

Bell Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,816.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6,392 $2,087,380,000 $326,561 $5,634 4.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,857 $746,665,000 $402,081 $5,920 4.86%
FARGO, ND-MN (FHA|USDA|VA) 920 $225,020,000 $244,587 $2,776 4.65%
KANSAS CITY, MO-KS (FHA|USDA|VA) 441 $153,245,000 $347,494 $4,538 5.02%
Outside of Metro Areas 479 $131,135,000 $273,768 $4,315 4.89%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 266 $72,130,000 $271,165 $3,429 5.08%
ROCHESTER, MN (FHA|USDA|VA) 273 $70,545,000 $258,407 $6,035 4.74%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 109 $59,255,000 $543,624 $7,675 4.77%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 112 $51,880,000 $463,214 $7,852 5.08%
DULUTH, MN-WI (FHA|USDA|VA) 166 $51,610,000 $310,904 $4,302 4.88%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $46,210,000 $23,105,000 $0 3.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $44,845,000 $4,076,818 $8,470 4.94%
RAPID CITY, SD (FHA|USDA|VA) 1 $42,495,000 $42,495,000 $0 3.85%
ALBUQUERQUE, NM (FHA|USDA|VA) 104 $38,540,000 $370,577 $5,566 4.70%
Fergus Falls, MN (FHA|USDA|VA) 175 $32,035,000 $183,057 $2,556 4.64%
TUCSON, AZ (FHA|USDA|VA) 19 $30,305,000 $1,595,000 $7,515 4.80%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 70 $27,940,000 $399,143 $6,424 5.11%
ST. LOUIS, MO-IL (FHA|USDA|VA) 105 $27,895,000 $265,667 $4,216 5.37%
Clovis, NM (FHA|USDA|VA) 141 $27,625,000 $195,922 $5,263 4.81%
Alexandria, MN (FHA|USDA|VA) 133 $25,515,000 $191,842 $4,158 4.68%
Brainerd, MN (FHA|USDA|VA) 70 $24,710,000 $353,000 $5,795 4.91%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 44 $23,770,000 $540,227 $6,871 5.04%
SANTA FE, NM (FHA|USDA|VA) 49 $23,325,000 $476,020 $4,352 5.01%
Red Wing, MN (FHA|USDA|VA) 100 $22,840,000 $228,400 $5,632 5.13%
ST. CLOUD, MN (FHA|USDA|VA) 72 $17,670,000 $245,417 $4,669 5.03%
COLUMBIA, MO (FHA|USDA|VA) 41 $16,075,000 $392,073 $5,955 4.86%
Wahpeton, ND-MN (FHA|USDA|VA) 107 $14,765,000 $137,991 $2,279 4.67%
Faribault-Northfield, MN (FHA|USDA|VA) 45 $13,235,000 $294,111 $5,570 4.92%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 35 $13,165,000 $376,143 $5,884 4.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $12,055,000 $927,308 $9,564 5.08%
SPRINGFIELD, MO (FHA|USDA|VA) 6 $11,820,000 $1,970,000 $3,851 5.06%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 52 $11,450,000 $220,192 $5,695 4.97%
FLAGSTAFF, AZ (FHA|USDA|VA) 22 $11,220,000 $510,000 $7,509 5.15%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 18 $10,610,000 $589,444 $7,645 4.48%
Show Low, AZ (FHA|USDA|VA) 25 $10,525,000 $421,000 $6,534 5.24%
MADISON, WI (FHA|USDA|VA) 25 $10,165,000 $406,600 $4,479 5.11%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $8,495,000 $566,333 $8,056 4.47%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 20 $8,060,000 $403,000 $6,207 5.31%
Menomonie, WI (FHA|USDA|VA) 9 $8,005,000 $889,444 $6,039 4.34%
COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $7,560,000 $756,000 $12,370 5.16%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $6,390,000 $1,065,000 $6,038 4.69%
GRAND FORKS, ND-MN (FHA|USDA|VA) 9 $5,855,000 $650,556 $3,966 4.99%
Winona, MN (FHA|USDA|VA) 35 $5,605,000 $160,143 $3,908 5.50%
Austin, MN (FHA|USDA|VA) 32 $5,600,000 $175,000 $5,075 5.27%
TALLAHASSEE, FL (FHA|USDA|VA) 27 $5,575,000 $206,481 $5,299 5.58%
Hutchinson, MN (FHA|USDA|VA) 22 $5,130,000 $233,182 $5,314 4.86%
Kalispell, MT (FHA|USDA|VA) 3 $5,115,000 $1,705,000 $12,407 4.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 18 $4,790,000 $266,111 $5,467 5.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $4,505,000 $4,505,000 $0 7.25%
RACINE, WI (FHA|USDA|VA) 14 $4,390,000 $313,571 $2,880 4.77%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $4,185,000 $321,923 $6,911 4.74%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $4,085,000 $453,889 $6,303 4.67%
Whitewater, WI (FHA|USDA|VA) 10 $3,930,000 $393,000 $3,471 5.20%
FOND DU LAC, WI (FHA|USDA|VA) 19 $3,865,000 $203,421 $3,547 4.81%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $3,790,000 $473,750 $8,073 5.87%
Grand Rapids, MN (FHA|USDA|VA) 11 $3,715,000 $337,727 $7,256 4.93%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $3,655,000 $281,154 $6,441 5.29%
Portales, NM (FHA|USDA|VA) 23 $3,605,000 $156,739 $5,101 4.93%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $3,505,000 $701,000 $9,538 5.23%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 13 $3,015,000 $231,923 $8,861 4.57%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 11 $2,815,000 $255,909 $4,721 5.29%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,800,000 $466,667 $8,793 4.83%
Jamestown, ND (FHA|USDA|VA) 3 $2,775,000 $925,000 $129 5.76%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,755,000 $551,000 $7,856 4.10%
EAU CLAIRE, WI (FHA|USDA|VA) 8 $2,610,000 $326,250 $3,987 4.73%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $2,555,000 $283,889 $6,546 5.05%
MANKATO, MN (FHA|USDA|VA) 12 $2,550,000 $212,500 $5,394 4.31%
BOULDER, CO (FHA|USDA|VA) 4 $2,520,000 $630,000 $3,131 5.90%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $2,505,000 $278,333 $4,002 5.15%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,375,000 $339,286 $5,944 4.66%
Beaver Dam, WI (FHA|USDA|VA) 12 $2,370,000 $197,500 $3,229 4.98%
SHEBOYGAN, WI (FHA|USDA|VA) 12 $2,370,000 $197,500 $3,116 5.75%
Albert Lea, MN (FHA|USDA|VA) 9 $2,235,000 $248,333 $5,014 4.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $2,225,000 $445,000 $6,801 5.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 8 $2,050,000 $256,250 $6,581 4.72%
Huron, SD (FHA|USDA|VA) 3 $2,025,000 $675,000 $0 4.20%
Payson, AZ (FHA|USDA|VA) 6 $1,980,000 $330,000 $4,762 5.75%
WILMINGTON, NC (FHA|USDA|VA) 3 $1,945,000 $648,333 $3,853 5.04%
Willmar, MN (FHA|USDA|VA) 7 $1,935,000 $276,429 $4,651 4.27%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,820,000 $455,000 $7,172 5.59%
THE VILLAGES, FL (FHA|USDA|VA) 5 $1,785,000 $357,000 $3,881 4.24%
Owatonna, MN (FHA|USDA|VA) 8 $1,700,000 $212,500 $6,105 5.33%
MANHATTAN, KS (FHA|USDA|VA) 9 $1,675,000 $186,111 $3,646 5.43%
JEFFERSON CITY, MO (FHA|USDA|VA) 7 $1,665,000 $237,857 $2,816 5.30%
BISMARCK, ND (FHA|USDA|VA) 7 $1,655,000 $236,429 $2,625 4.89%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,655,000 $551,667 $6,019 4.29%
Sandpoint, ID (FHA|USDA|VA) 2 $1,640,000 $820,000 $6,821 4.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,625,000 $541,667 $7,001 4.16%
Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $1,600,000 $400,000 $4,651 4.65%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,550,000 $775,000 $7,614 3.94%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 7 $1,525,000 $217,857 $5,483 6.11%
Las Vegas, NM (FHA|USDA|VA) 2 $1,460,000 $730,000 $4,696 4.81%
Taos, NM (FHA|USDA|VA) 3 $1,455,000 $485,000 $9,112 4.58%
LAWRENCE, KS (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,044 5.02%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $1,280,000 $640,000 $3,706 5.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,255,000 $418,333 $9,045 4.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,888 4.92%
SIOUX FALLS, SD (FHA|USDA|VA) 5 $1,175,000 $235,000 $4,173 4.32%
Los Alamos, NM (FHA|USDA|VA) 4 $1,170,000 $292,500 $5,442 5.18%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,170,000 $585,000 $5,605 5.50%
LINCOLN, NE (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,699 4.96%
TOPEKA, KS (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,474 5.18%
Montrose, CO (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $7,802 4.88%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $10,492 5.25%
Sevierville, TN (FHA|USDA|VA) 3 $1,105,000 $368,333 $9,354 4.83%
APPLETON, WI (FHA|USDA|VA) 4 $1,090,000 $272,500 $6,379 5.69%
Breckenridge, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,824 4.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $965,000 $321,667 $4,068 5.88%
Lewisburg, TN (FHA|USDA|VA) 2 $940,000 $470,000 $8,695 5.69%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $935,000 $311,667 $9,706 4.54%
Baraboo, WI (FHA|USDA|VA) 2 $930,000 $465,000 $2,671 5.50%
Atchison, KS (FHA|USDA|VA) 2 $890,000 $445,000 $4,932 5.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $880,000 $440,000 $7,285 3.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $865,000 $865,000 $9,073 4.50%
Lawrenceburg, TN (FHA|USDA|VA) 4 $850,000 $212,500 $3,066 5.13%
GREEN BAY, WI (FHA|USDA|VA) 5 $845,000 $169,000 $2,952 5.10%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $830,000 $415,000 $8,621 4.75%
Española, NM (FHA|USDA|VA) 3 $815,000 $271,667 $4,059 6.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $810,000 $405,000 $12,622 5.94%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $800,000 $200,000 $2,502 4.96%
Warrensburg, MO (FHA|USDA|VA) 3 $755,000 $251,667 $5,950 5.96%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $750,000 $375,000 $7,332 5.44%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $750,000 $375,000 $12,201 5.50%
Minot, ND (FHA|USDA|VA) 3 $735,000 $245,000 $4,508 3.33%
Sedalia, MO (FHA|USDA|VA) 2 $710,000 $355,000 $2,843 5.43%
BRUNSWICK, GA (FHA|USDA|VA) 1 $705,000 $705,000 $9,472 4.00%
Branson, MO (FHA|USDA|VA) 1 $675,000 $675,000 $6,249 4.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $660,000 $330,000 $3,659 5.38%
Bemidji, MN (FHA|USDA|VA) 2 $660,000 $330,000 $5,406 5.13%
MONTGOMERY, AL (FHA|USDA|VA) 2 $650,000 $325,000 $8,429 4.56%
Cullman, AL (FHA|USDA|VA) 1 $645,000 $645,000 $3,782 2.50%
COLUMBIA, SC (FHA|USDA|VA) 2 $640,000 $320,000 $11,604 5.56%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $625,000 $208,333 $4,001 4.63%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $625,000 $625,000 $0 6.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $620,000 $310,000 $8,916 5.93%
Dickinson, ND (FHA|USDA|VA) 1 $615,000 $615,000 $3,831 5.25%
GREELEY, CO (FHA|USDA|VA) 1 $605,000 $605,000 $4,483 4.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $595,000 $595,000 $3,820 5.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $580,000 $290,000 $4,999 4.68%
Spearfish, SD (FHA|USDA|VA) 2 $560,000 $280,000 $5,412 3.75%
Aberdeen, SD (FHA|USDA|VA) 3 $535,000 $178,333 $4,080 6.38%
AMARILLO, TX (FHA|USDA|VA) 1 $535,000 $535,000 $7,326 5.75%
VALLEJO, CA (FHA|USDA|VA) 1 $525,000 $525,000 $6,078 5.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $520,000 $260,000 $2,540 6.62%
BOISE CITY, ID (FHA|USDA|VA) 1 $505,000 $505,000 $2,792 4.63%
Manitowoc, WI (FHA|USDA|VA) 6 $500,000 $83,333 $3,078 5.56%
WICHITA, KS (FHA|USDA|VA) 2 $500,000 $250,000 $2,877 3.56%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $495,000 $495,000 $7,597 5.13%
ROCKFORD, IL (FHA|USDA|VA) 2 $480,000 $240,000 $4,791 4.56%
Ottawa, KS (FHA|USDA|VA) 2 $480,000 $240,000 $2,552 6.74%
ASHEVILLE, NC (FHA|USDA|VA) 2 $440,000 $220,000 $3,405 5.31%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $430,000 $215,000 $2,161 4.56%
Shelbyville, TN (FHA|USDA|VA) 1 $425,000 $425,000 $13,194 5.75%
Mountain Home, ID (FHA|USDA|VA) 1 $425,000 $425,000 $15,504 6.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $405,000 $135,000 $3,354 4.41%
Sikeston, MO (FHA|USDA|VA) 1 $405,000 $405,000 $3,553 4.63%
Nogales, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $4,113 6.49%
Hannibal, MO (FHA|USDA|VA) 1 $395,000 $395,000 $5,008 4.75%
Torrington, CT (FHA|USDA|VA) 1 $395,000 $395,000 $0 4.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $395,000 $395,000 $0 3.00%
Port Angeles, WA (FHA|USDA|VA) 1 $395,000 $395,000 $7,205 5.13%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $390,000 $195,000 $4,141 6.00%
DALTON, GA (FHA|USDA|VA) 1 $375,000 $375,000 $4,316 4.88%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $370,000 $185,000 $7,595 5.38%
Okeechobee, FL (FHA|USDA|VA) 2 $370,000 $185,000 $8,341 5.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $365,000 $365,000 $6,413 6.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $365,000 $365,000 $2,912 2.88%
Shawano, WI (FHA|USDA|VA) 1 $365,000 $365,000 $3,456 5.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $350,000 $175,000 $3,219 5.44%
LAS CRUCES, NM (FHA|USDA|VA) 2 $340,000 $170,000 $3,289 4.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $330,000 $165,000 $5,588 6.13%
Worthington, MN (FHA|USDA|VA) 1 $325,000 $325,000 $10,340 5.75%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $305,000 $305,000 $3,021 4.49%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $295,000 $295,000 $3,923 3.88%
Garden City, KS (FHA|USDA|VA) 1 $275,000 $275,000 $2,091 5.13%
Safford, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,720 3.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.65%
LOUISVILLE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $3,349 6.50%
Norfolk, NE (FHA|USDA|VA) 1 $245,000 $245,000 $2,847 4.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,483 4.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,563 3.75%
Brownsville, TN (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.13%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $215,000 $215,000 $7,181 5.63%
Fort Leonard Wood, MO (FHA|USDA|VA) 2 $210,000 $105,000 $4,289 4.50%
Shelton, WA (FHA|USDA|VA) 1 $205,000 $205,000 $4,767 5.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,018 5.13%
Crossville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,233 4.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $3,813 6.49%
New Ulm, MN (FHA|USDA|VA) 1 $185,000 $185,000 $8,050 5.25%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $185,000 $185,000 $3,023 3.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $7,991 5.00%
RICHMOND, VA (FHA|USDA|VA) 1 $175,000 $175,000 $3,101 6.49%
YUMA, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.99%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $175,000 $175,000 $3,810 4.00%
Fairmont, MN (FHA|USDA|VA) 1 $165,000 $165,000 $5,528 6.63%
Platteville, WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,380 5.88%
Clewiston, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,428 6.37%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.13%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,794 5.00%
NEW BERN, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,565 3.63%
GOLDSBORO, NC (FHA|USDA|VA) 1 $155,000 $155,000 $1,133 4.13%
Helena, MT (FHA|USDA|VA) 1 $155,000 $155,000 $5,050 5.25%
Union City, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,328 5.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.00%
Galesburg, IL (FHA|USDA|VA) 1 $135,000 $135,000 $4,046 4.13%
FARMINGTON, NM (FHA|USDA|VA) 1 $125,000 $125,000 $1,843 6.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,241 6.88%
ALBANY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,758 5.99%
MIDLAND, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.50%
Effingham, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,812 5.25%
Mexico, MO (FHA|USDA|VA) 1 $95,000 $95,000 $3,533 6.38%
Kirksville, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,269 3.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,869 5.38%
JACKSON, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.50%
BELLINGHAM, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.50%
Pittsburg, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.38%
Bell Bank's top markets include Minneapolis, Phoenix, Fargo, Kansas City, and Milwaukee among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,547 $3,863,825,000 $366,344 $5,020 4.88%
    HELOC 1,748 $348,120,000 $199,153 n/a 4.91%
    FHA 532 $141,790,000 $266,523 $9,867 5.03%
    VA 385 $125,865,000 $326,922 $7,234 4.75%
    USDA 55 $12,925,000 $235,000 $6,910 4.66%

    For 2022, Bell Bank's most frequently originated type of loan was Conventional, with 10,547 originations. Their 2nd most popular type was HELOC, with 1,748 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9,080 $3,515,290,000 $387,146 $6,048 5.00%
    Home Improvement 1,369 $159,695,000 $116,651 $507 4.91%
    Other 1,054 $227,730,000 $216,063 $1,166 4.89%
    Refi 963 $360,385,000 $374,232 $3,574 4.21%
    Cash Out Refi 801 $229,425,000 $286,423 $4,688 4.28%

    For 2022, Bell Bank's most frequently cited loan purpose was Home Purchase, with 9,080 originations. The 2nd most popular reason was Home Improvement, with 1,369 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,351 $3,280,575,000 $350,826 $5,816 4.95%
    10 Year 2,189 $537,685,000 $245,630 $319 4.88%
    15 Year 638 $176,010,000 $275,878 $2,864 4.03%
    20 Year 449 $62,865,000 $140,011 $1,137 5.07%
    30+ year 279 $204,455,000 $732,814 $11,185 4.83%
    Other 185 $108,355,000 $585,703 $667 4.42%
    5 Year 144 $110,840,000 $769,722 $153 4.42%
    1 Year 28 $8,810,000 $314,643 $0 5.09%
    3 Year 4 $2,930,000 $732,500 $0 4.98%

    For 2022, Bell Bank's most frequently cited loan duration was 30 Year, with 9,351 originations. The 2nd most popular length was 10 Year, with 2,189 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,034 $1,341,750,000 $332,610
    $<1k 1,827 $330,155,000 $180,709
    $2k-3k 1,651 $536,155,000 $324,746
    $5k+ 1,496 $797,750,000 $533,255
    $3k-4k 1,205 $393,855,000 $326,851
    $4k-5k 763 $289,995,000 $380,072

    Bell Bank's average total fees were $5,816, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,034 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4,056 $1,458,880,000 $359,684
    5-6% 3,434 $1,039,270,000 $302,641
    3-4% 3,323 $1,288,945,000 $387,886
    6-7% 1,640 $456,210,000 $278,177
    7-8% 389 $94,035,000 $241,735
    2.5-3% 342 $134,100,000 $392,105
    <2.5% 70 $18,880,000 $269,714
    Over 8% 12 $2,160,000 $180,000

    During 2022, Bell Bank's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 4,056 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,853 $1,695,845,000 $289,739 $5,337 4.93%
    $100k-200k 2,395 $365,295,000 $152,524 $3,450 4.93%
    $400k-600k 2,070 $989,300,000 $477,923 $7,039 4.81%
    $100,000 or less 1,784 $95,510,000 $53,537 $793 5.02%
    $600k-1MM 850 $608,370,000 $715,729 $8,158 4.52%
    $1MM+ 315 $738,205,000 $2,343,508 $11,412 4.40%

    2022 saw Bell Bank place emphasis on $200k-400k loans with 5,853 originations, totaling $1,695,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,061 $918,265,000 $299,989 $5,330 4.94%
    $150k-250k 2,583 $944,525,000 $365,670 $5,847 4.89%
    $50k-75k 2,427 $516,915,000 $212,985 $4,625 4.91%
    $75k-100k 2,168 $551,270,000 $254,276 $5,176 4.97%
    $250k+ 1,566 $929,640,000 $593,640 $7,249 4.70%
    $50k or less 883 $126,985,000 $143,811 $3,828 4.91%

    Bell Bank lent most frequently to those with incomes in the $100k-150k range, with 3,061 originations. The second most popular income band? $150k-250k, with 2,583 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,697 $827,285,000 $306,743 $4,859 4.68%
    30-36% 2,401 $774,995,000 $322,780 $5,297 4.85%
    <20% 959 $297,115,000 $309,818 $4,331 4.50%
    44% 595 $183,805,000 $308,916 $5,607 5.05%
    42% 560 $177,240,000 $316,500 $5,300 5.06%
    41% 549 $181,565,000 $330,719 $5,694 5.00%
    43% 538 $162,180,000 $301,450 $5,457 5.07%
    40% 519 $176,415,000 $339,913 $5,290 4.97%
    45% 489 $154,435,000 $315,818 $5,728 5.09%
    38% 485 $154,925,000 $319,433 $5,208 4.88%
    39% 483 $159,535,000 $330,300 $5,415 5.01%
    37% 437 $139,845,000 $320,011 $5,704 4.95%
    36% 421 $139,245,000 $330,748 $5,307 4.96%
    47% 420 $110,780,000 $263,762 $4,721 5.21%
    49% 400 $120,500,000 $301,250 $6,158 5.26%
    46% 374 $103,090,000 $275,642 $5,579 5.17%
    48% 306 $90,780,000 $296,667 $5,793 5.09%
    50-60% 248 $78,570,000 $316,815 $8,597 4.90%
    >60% 3 $1,415,000 $471,667 $8,550 4.83%

    Bell Bank lent most frequently to those with DTI ratios of 20-30%, with 2,697 originations. The next most common DTI ratio? 30-36%, with 2,401 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 10,404 $3,197,850,000 $307,367 $5,162 4.86%
    Not provided 1,443 $497,155,000 $344,529 $5,858 4.93%
    Not applicable 355 $453,495,000 $1,277,451 $869 4.61%
    Asian 480 $169,350,000 $352,813 $5,890 4.94%
    Black 436 $126,700,000 $290,596 $6,678 5.34%
    American Indian 66 $18,940,000 $286,970 $5,952 5.25%
    Asian Indian 40 $15,490,000 $387,250 $5,813 5.00%
    Other Asian 16 $5,460,000 $341,250 $5,216 5.52%
    Native Hawaiian or Islander 10 $2,510,000 $251,000 $3,658 4.56%
    Other Pacific Islander 3 $1,535,000 $511,667 $4,159 4.58%
    Vietnamese 5 $1,275,000 $255,000 $4,525 5.62%
    Chinese 3 $1,175,000 $391,667 $5,920 5.21%
    Japanese 1 $565,000 $565,000 $8,523 4.25%
    Native Hawaiian 2 $280,000 $140,000 $7,098 6.19%
    1 $265,000 $265,000 $4,805 3.75%
    Korean 1 $245,000 $245,000 $3,423 3.38%
    Filipino 1 $235,000 $235,000 $4,961 5.13%

    Approval Rates

    Total approvals of all applications
    95.23%

    Bell 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
    84.00%

    Bell Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 13,267 $4,492,525,000 $338,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13,267 $4,492,525,000 $338,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,333 $279,265,000 $209,501 $2,180 4.83%
    40-60% 1,145 $446,905,000 $390,310 $4,451 4.56%
    60-80% 3,194 $1,442,820,000 $451,728 $5,857 4.75%
    80-100% 6,000 $2,187,790,000 $364,632 $6,022 5.00%
    Over 100% 83 $27,625,000 $332,831 $12,030 4.73%
    Under 20% 1,507 $107,235,000 $71,158 $353 4.99%