Harbor Pointe Credit Union Mortgage Rates, Fees & Info

Duluth, MN

LEI: 254900CCCPJ8S6GUIT87

Tax ID: 41-0226825

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Harbor Pointe Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Harbor Pointe Credit Union has a high proportion of conventional loans. Their top two markets are Duluth and Eau Claire .

    Harbor Pointe Credit Union 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

    90

    Origination Dollar Volume (All Markets)

    $9,860,000

    Top 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) 85 $9,485,000 $111,588 $0 0.00%
    Outside of Metro Areas 4 $290,000 $72,500 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Harbor Pointe Credit Union's top markets include Duluth and Eau Claire among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $9,860,000 $109,556 $0 0.00%

    For 2018, Harbor Pointe Credit Union's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 44 $4,860,000 $110,455 $0 0.00%
    Home Purchase 21 $2,985,000 $142,143 $0 0.00%
    Refi 12 $1,390,000 $115,833 $0 0.00%
    Home Improvement 7 $355,000 $50,714 $0 0.00%
    Other 6 $270,000 $45,000 $0 0.00%

    For 2018, Harbor Pointe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $9,860,000 $109,556 $0 0.00%

    For 2018, Harbor Pointe Credit Union's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $3,135,000 $59,151 $0 0.00%
    $100k-200k 27 $3,775,000 $139,815 $0 0.00%
    $200k-400k 7 $1,645,000 $235,000 $0 0.00%
    $400k-600k 3 $1,305,000 $435,000 $0 0.00%

    2018 saw Harbor Pointe Credit Union place emphasis on $100,000 or less loans with 53 originations, totaling $3,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $2,595,000 $89,483 $0 0.00%
    $100k-150k 19 $1,905,000 $100,263 $0 0.00%
    $50k or less 19 $1,745,000 $91,842 $0 0.00%
    $150k-250k 11 $2,095,000 $190,455 $0 0.00%
    $75k-100k 10 $1,040,000 $104,000 $0 0.00%
    $250k+ 1 $455,000 $455,000 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $9,860,000 $109,556 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $9,520,000 $110,698 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%
    Not provided 1 $135,000 $135,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%
    Not applicable 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.79%

    Harbor Pointe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.78%

    Harbor Pointe Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $9,860,000 $109,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $95,000 $95,000
    Single Family (1-4 Units):Manufactured 2 $160,000 $80,000
    Single Family (1-4 Units):Site-Built 87 $9,605,000 $110,402

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HARBORONE MORTGAGE, LLC Conventional home mortgage Trouble during payment process 4 100.0%