What loan types does Deerwood Bank offer?

Deerwood Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Deerwood Bank offer mortgages?

Deerwood Bank offers mortgages in 4 states: CT, FL, MN, WI.

How competitive are Deerwood Bank's mortgage rates?

Deerwood Bank has an overall pricing score of 51.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Deerwood Bank?

Deerwood Bank is a Bank headquartered in Waite Park, MN.

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Deerwood Bank

Bank•Waite Park, MNHQ•Direct•Reviews near you on Google

Deerwood Bank has 256 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Regional · 2 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Strong pull through performance

Explore another lender or local market

Report Card

Deerwood Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 2.2 bps below market avg

3/5

Pull Through

Closing strength

Strong

Top 40% of lenders

4/5

By Loan Product· Specialization by type

Conventional

253 loans · 0.02% below market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

235 loans · 0.02% above market

Sound

Top 60% of lenders

3/5

Refinance

21 loans · 0.42% below market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Strong	253	98.8%	-0.022%Below	$2,658Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Strong

Volume253

Mix98.8%

Spread

-0.022%Below

Fees

$2,658Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Strong	235	91.8%	+0.024%Above	$2,709Fees
Refinance	Sound	Acceptable	—	Sound	21	8.2%	-0.424%Below	$2,216Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Strong

Volume235

Mix91.8%

Spread

+0.024%Above

Fees

$2,709Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing—

Pull Through

Sound

Volume21

Mix8.2%

Spread

-0.424%Below

Fees

$2,216Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

256

Applications

308

Volume

$83 million

Pricing & Closing

Avg Rate Spread

-0.022%

vs. market APOR

Avg Net Fees

$2,658

Origination − Credits

Pullthrough Rate

83.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$325,391

Avg Borrower Income

$169,652

Avg Property Value

$475,781

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

4Full-year 2024 · HMDA

Loans originated

< 200200+None

Northeast1

Midwest2

MNWI

South1

Top Metro Areas by Place Specialization Score

St. Cloud, MNMetro

Volume 32Mix 12.50% of portfolio

65/100

Strong

Minneapolis, MN-WIMetro

Volume 77Mix 30.08% of portfolio

65/100

Strong

Top States by Place Specialization Score

MinnesotaState

Volume 247Mix 96.48% of portfolio

77/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.