Black Hills Community Bank Mortgage Rates, Fees & Info
Rapid City, SDLEI: 2549001R6R928Y08SC30
Tax ID: 26-1341163
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Mortgage Data
Review & Overview
Black Hills Community Bank is a smaller bank specializing in Home Purchase loans. Black Hills Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rapid City, Spearfish, Phoenix, Miami, and Casper among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Black Hills Community Bank 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
115Origination Dollar Volume (All Markets)
$33,625,000Top 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 |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 55 | $15,075,000 | $274,091 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 29 | $9,255,000 | $319,138 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $5,665,000 | $269,762 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Williston, ND (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Black Hills Community Bank 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
For 2023, Black Hills Community Bank's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was FHA, with 31 originations.
Loan Reason
For 2023, Black Hills Community Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 115 | $33,625,000 | $292,391 | $0 | 0.00% |
For 2023, Black Hills Community Bank's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2023 saw Black Hills Community Bank place emphasis on $200k-400k loans with 59 originations, totaling $16,515,000 in origination value.
Applicant Income
Black Hills Community Bank lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $33,625,000 | $292,391 | $0 | 0.00% |
Black Hills Community Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Black Hills Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination60.00%
Black Hills Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 115 | $33,625,000 | $292,391 |