Harbor Pointe Credit Union Mortgage Rates, Fees & Info
Duluth, MNLEI: 254900CCCPJ8S6GUIT87
Tax ID: 41-0226825
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Mortgage Data
Review & Overview
Harbor Pointe Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Harbor Pointe Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Minneapolis, and Bemidji among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Harbor Pointe Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
75Origination Dollar Volume (All Markets)
$11,895,000Top 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 |
|---|---|---|---|---|---|
| DULUTH, MN-WI (FHA|USDA|VA) | 70 | $10,880,000 | $155,429 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $615,000 | $205,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $11,895,000 | $158,600 | $0 | 0.00% |
For 2023, Harbor Pointe Credit Union's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2023, Harbor Pointe Credit Union's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $11,895,000 | $158,600 | $0 | 0.00% |
For 2023, Harbor Pointe Credit Union's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2023 saw Harbor Pointe Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,675,000 in origination value.
Applicant Income
Harbor Pointe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $11,895,000 | $158,600 | $0 | 0.00% |
Harbor Pointe Credit Union lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.11%
Harbor Pointe Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination92.00%
Harbor Pointe Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $11,895,000 | $158,600 |