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, La Crosse, Red Wing, Minneapolis, and Austin among others. We have data for 8 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 a below average pick rate when compared to similar lenders.
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Originations
44Origination Dollar Volume (All Markets)
$6,810,000Top 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 | $4,225,000 | $128,030 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $490,000 | $245,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $6,810,000 | $154,773 | $0 | 0.00% |
For 2019, Onb Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, Onb Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $6,810,000 | $154,773 | $0 | 0.00% |
For 2019, Onb Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw Onb Bank place emphasis on $100,000 or less loans with 19 originations, totaling $905,000 in origination value.
Applicant Income
Onb Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $6,810,000 | $154,773 | $0 | 0.00% |
Onb Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $5,525,000 | $149,324 | $0 | 0.00% |
| Not applicable | 7 | $1,285,000 | $183,571 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.11%
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 origination81.82%
Onb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $6,810,000 | $154,773 |