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. Their top markets by origination volume include: Rapid City, Spearfish, Phoenix, Minneapolis, and Cullowhee among others. We have data for 14 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
152Origination Dollar Volume (All Markets)
$41,700,000Top 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) | 86 | $25,210,000 | $293,140 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 36 | $9,360,000 | $260,000 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $3,610,000 | $200,556 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $33,305,000 | $275,248 | $0 | 0.00% |
| FHA | 19 | $4,685,000 | $246,579 | $0 | 0.00% |
| VA | 12 | $3,710,000 | $309,167 | $0 | 0.00% |
For 2022, Black Hills Community Bank's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was FHA, with 19 originations.
Loan Reason
For 2022, Black Hills Community Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 152 | $41,700,000 | $274,342 | $0 | 0.00% |
For 2022, Black Hills Community Bank's most frequently cited loan duration was Other, with 152 originations.
Loan Sizing
2022 saw Black Hills Community Bank place emphasis on $200k-400k loans with 64 originations, totaling $17,790,000 in origination value.
Applicant Income
Black Hills Community Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 152 | $41,700,000 | $274,342 | $0 | 0.00% |
Black Hills Community Bank lent most frequently to those with DTI ratios of Exempt%, with 152 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.54%
Black Hills Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination61.18%
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 | 152 | $41,700,000 | $274,342 |