What loan types does Park State Bank offer?

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

Where does Park State Bank offer mortgages?

Park State Bank offers mortgages in 3 states: AZ, MN, WI.

How competitive are Park State Bank's mortgage rates?

Park State Bank has an overall pricing score of 53.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Park State Bank?

Park State Bank is a Bank headquartered in Duluth, MN.

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Park State Bank

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Park State Bank has 151 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

Sound

3/5

closing strength

Product

Sound

3/5

FHA · Conventional

Place

Sound

3/5

Regional · 2 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Explore another lender or local market

Report Card

Park State Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 3.7 bps below market avg

3/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

121 loans · 0.05% below market

Sound

Top 60% of lenders

3/5

FHA

12 loans · 0.13% above market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

132 loans · 0.05% below market

Sound

Top 60% of lenders

3/5

Refinance

19 loans · 0.05% above market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Sound

Top 60% of lenders

3/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Sound	121	80.1%	-0.051%Below	$2,589Fees
FHA Loans	Sound	Sound	—	Sound	12	7.9%	+0.134%Above	$1,971Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume121

Mix80.1%

Spread

-0.051%Below

Fees

$2,589Fees

FHA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Sound

Volume12

Mix7.9%

Spread

+0.134%Above

Fees

$1,971Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Sound	132	87.4%	-0.051%Below	$2,488Fees
Refinance	Acceptable	Acceptable	—	Acceptable	19	12.6%	+0.048%Above	$2,584Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume132

Mix87.4%

Spread

-0.051%Below

Fees

$2,488Fees

Refinance

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Acceptable

Volume19

Mix12.6%

Spread

+0.048%Above

Fees

$2,584Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

151

Applications

251

Volume

$42 million

Pricing & Closing

Avg Rate Spread

-0.037%

vs. market APOR

Avg Net Fees

$2,502

Origination − Credits

Pullthrough Rate

60.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$284,073

Avg Borrower Income

$142,411

Avg Property Value

$402,616

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

3Full-year 2024 · HMDA

Loans originated

< 100100+None

Midwest2

MNWI

West1

Top Metro Areas by Place Specialization Score

Duluth, MN, MN-WIMetro

Volume 63Mix 41.72% of portfolio

73/100

Strong

Minneapolis, MN-WIMetro

Volume 14Mix 9.27% of portfolio

47/100

Sound

Top States by Place Specialization Score

MinnesotaState

Volume 142Mix 94.04% of portfolio

73/100

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.