The First National Bank Of River Falls Mortgage Rates, Fees & Info
River Falls, WILEI: VUAW1MW1BHNL595RH698
Tax ID: 39-0280840
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank Of River Falls is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of River Falls has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Brainerd, North Port, Red Wing, and Duluth among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of River Falls has an 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
87Origination Dollar Volume (All Markets)
$21,525,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 76 | $18,170,000 | $239,079 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,470,000 | $245,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $21,300,000 | $247,674 | $0 | 0.00% |
| USDA | 1 | $225,000 | $225,000 | $0 | 0.00% |
For 2022, The First National Bank Of River Falls's most frequently originated type of loan was Conventional, with 86 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, The First National Bank Of River Falls's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $21,525,000 | $247,414 | $0 | 0.00% |
For 2022, The First National Bank Of River Falls's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2022 saw The First National Bank Of River Falls place emphasis on $200k-400k loans with 36 originations, totaling $9,830,000 in origination value.
Applicant Income
The First National Bank Of River Falls lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $21,525,000 | $247,414 | $0 | 0.00% |
The First National Bank Of River Falls lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.62%
The First National Bank Of River Falls has an average approval rate.
Pick Rate
Approvals leading to origination81.61%
The First National Bank Of River Falls has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $21,525,000 | $247,414 |