The First National Bank In Sioux Falls Mortgage Rates, Fees & Info
Sioux Falls, SDLEI: Q107R4XFOZ6F6K73C488
Tax ID: 46-0189380
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank In Sioux Falls is a smaller bank specializing in Home Purchase loans. The First National Bank In Sioux Falls has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Yankton, Watertown, Brookings, and Sioux City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank In Sioux Falls 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
187Origination Dollar Volume (All Markets)
$52,265,000Top 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 |
|---|---|---|---|---|---|
| SIOUX FALLS, SD (FHA|USDA|VA) | 151 | $41,445,000 | $274,470 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $6,560,000 | $273,333 | $0 | 0.00% |
| Yankton, SD (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| Watertown, SD (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| Brookings, SD (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Huron, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The First National Bank in Sioux Falls 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 | 187 | $52,265,000 | $279,492 | $0 | 0.00% |
For 2024, The First National Bank In Sioux Falls's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2024, The First National Bank In Sioux Falls's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Home Improvement, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $52,265,000 | $279,492 | $0 | 0.00% |
For 2024, The First National Bank In Sioux Falls's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2024 saw The First National Bank In Sioux Falls place emphasis on $200k-400k loans with 70 originations, totaling $20,440,000 in origination value.
Applicant Income
The First National Bank In Sioux Falls lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $52,265,000 | $279,492 | $0 | 0.00% |
The First National Bank In Sioux Falls lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.76%
The First National Bank In Sioux Falls has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.77%
The First National Bank In Sioux Falls has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 187 | $52,265,000 | $279,492 |