Onb Bank Mortgage Rates, Fees & Info
Rochester, MNLEI: 549300Y6FW0UWRZJW587
Tax ID: 41-1826950
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Mortgage Data
Review & Overview
Onb Bank is a smaller bank specializing in Home Purchase loans. Onb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Sioux Falls, Fairmont, Austin, and Minneapolis among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Onb 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
41Origination Dollar Volume (All Markets)
$8,035,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, MN (FHA|USDA|VA) | 33 | $6,715,000 | $203,485 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $8,035,000 | $195,976 | $0 | 0.00% |
For 2018, Onb Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2018, Onb Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $8,035,000 | $195,976 | $0 | 0.00% |
For 2018, Onb Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2018 saw Onb Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,115,000 in origination value.
Applicant Income
Onb Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $8,035,000 | $195,976 | $0 | 0.00% |
Onb Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.74%
Onb 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 origination90.24%
Onb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $8,035,000 | $195,976 |