Park State Bank Mortgage Rates, Fees & Info
Duluth, MNLEI: 549300YVBUEC0SGSZW55
Tax ID: 41-0467450
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Mortgage Data
Review & Overview
Park State Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Park State Bank has a high proportion of conventional loans.Park State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
42Origination Dollar Volume (All Markets)
$11,290,000Top 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 | 42 | $11,290,000 | $268,810 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Park State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $11,290,000 | $268,810 | $0 | 0.00% |
For 2019, Park State Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2019, Park State Bank's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $11,290,000 | $268,810 | $0 | 0.00% |
For 2019, Park State Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2019 saw Park State Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,005,000 in origination value.
Applicant Income
Park State Bank lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $250k+, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Park State 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 42 | $11,290,000 | $268,810 |