Harbor Pointe Credit Union Mortgage Rates, Fees & Info

Duluth, MN

LEI: 254900CCCPJ8S6GUIT87

Tax ID: 41-0226825

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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 markets by origination volume include: Duluth, Minneapolis, Fargo, and Grand Rapids among others. We have data for 5 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 a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    123

    Origination Dollar Volume (All Markets)

    $12,855,000

    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) 115 $12,035,000 $104,652 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $245,000 $81,667 $0 0.00%
    Outside of Metro Areas 3 $205,000 $68,333 $0 0.00%
    FARGO, ND-MN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Harbor Pointe Credit Union's top markets include Duluth, Minneapolis, Fargo, and Grand Rapids 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 123 $12,855,000 $104,512 $0 0.00%

    For 2019, Harbor Pointe Credit Union's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 55 $5,635,000 $102,455 $0 0.00%
    Home Purchase 31 $4,495,000 $145,000 $0 0.00%
    Refi 18 $1,950,000 $108,333 $0 0.00%
    Other 12 $380,000 $31,667 $0 0.00%
    Home Improvement 7 $395,000 $56,429 $0 0.00%

    For 2019, Harbor Pointe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $12,855,000 $104,512 $0 0.00%

    For 2019, Harbor Pointe Credit Union's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,075,000 $55,822 $0 0.00%
    $100k-200k 37 $5,415,000 $146,351 $0 0.00%
    $200k-400k 13 $3,365,000 $258,846 $0 0.00%

    2019 saw Harbor Pointe Credit Union place emphasis on $100,000 or less loans with 73 originations, totaling $4,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $3,450,000 $101,471 $0 0.00%
    $100k-150k 31 $3,145,000 $101,452 $0 0.00%
    $50k-75k 23 $2,345,000 $101,957 $0 0.00%
    $75k-100k 14 $1,550,000 $110,714 $0 0.00%
    $150k-250k 10 $960,000 $96,000 $0 0.00%
    $250k+ 7 $1,085,000 $155,000 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $12,855,000 $104,512 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $11,730,000 $102,895 $0 0.00%
    Asian 3 $685,000 $228,333 $0 0.00%
    Not applicable 4 $320,000 $80,000 $0 0.00%
    Not provided 2 $120,000 $60,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.46%

    Harbor Pointe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.18%

    Harbor Pointe Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $12,855,000 $104,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $170,000 $85,000
    Single Family (1-4 Units):Manufactured 2 $180,000 $90,000
    Single Family (1-4 Units):Site-Built 119 $12,505,000 $105,084

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HARBORONE MORTGAGE, LLC Conventional home mortgage Trouble during payment process 2 66.7%
    HARBORONE MORTGAGE, LLC VA mortgage Trouble during payment process 1 33.3%