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Bell Bank
Bank|Fargo, ND|Near-National
Loans Originated
7,696
Applications
9,512
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐VA Superstar⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.274%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,876
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
80.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Bell Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 36 metro areas · 34 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$361,385
Average Borrower Income
$154,778
Average Property Value
$465,068
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 6,509 | 84.6% | +0.276% | $2,884 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 619 | 8.0% | +0.543% | $3,491 |
VA Loans | Strong | Exceptional | Sound | Exceptional | 371 | 4.8% | -0.275% | $1,976 |
Jumbo Loans | Strong | Exceptional | Sound | Strong | 163 | 2.1% | +0.290% | $2,196 |
USDA Loans | Strong | Strong | N/A | Exceptional | 34 | 0.4% | +0.275% | $2,243 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 7,158 | 93.0% | +0.275% | $2,922 |
Refinance | Sound | Strong | Acceptable | Strong | 538 | 7.0% | +0.267% | $2,358 |
Geographic Coverage
Metro Areas
35
States Served
34
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Minneapolis, MN-WIMSA
Volume: 3,624Mix: 47.09%
Place Specialization
Exceptional
2
Fargo, ND, ND-MNMSA
Volume: 295Mix: 3.83%
Place Specialization
Exceptional
3
Rochester, MN, MNMSA
Volume: 166Mix: 2.16%
Place Specialization
Exceptional
4
Phoenix, AZMSA
Volume: 681Mix: 8.85%
Place Specialization
Strong
5
Madison, WI, WIMSA
Volume: 240Mix: 3.12%
Place Specialization
Strong
6
Duluth, MN, MN-WIMSA
Volume: 137Mix: 1.78%
Place Specialization
Strong
7
Santa Fe, NM, NMMSA
Volume: 40Mix: 0.52%
Place Specialization
Strong
8
Kansas City, MO, MO-KSMSA
Volume: 298Mix: 3.87%
Place Specialization
Strong
9
Milwaukee, WIMSA
Volume: 153Mix: 1.99%
Place Specialization
Strong
10
Columbia, MO, MOMSA
Volume: 68Mix: 0.88%
Place Specialization
Strong
Showing 10 of 35 metro areas
Top States by Place Specialization Score
1
MNState
Volume: 4,389Mix: 57.03%
Place Specialization
Exceptional
2
WIState
Volume: 767Mix: 9.97%
Place Specialization
Exceptional
3
AZState
Volume: 735Mix: 9.55%
Place Specialization
Strong
4
KSState
Volume: 278Mix: 3.61%
Place Specialization
Strong
5
NDState
Volume: 250Mix: 3.25%
Place Specialization
Strong
6
NMState
Volume: 263Mix: 3.42%
Place Specialization
Strong
7
MOState
Volume: 310Mix: 4.03%
Place Specialization
Strong
8
FLState
Volume: 319Mix: 4.15%
Place Specialization
Strong
9
TNState
Volume: 132Mix: 1.72%
Place Specialization
Strong
10
COState
Volume: 49Mix: 0.64%
Place Specialization
Sound
Showing 10 of 17 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 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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