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 Refi 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 Grand Rapids 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 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

    159

    Origination Dollar Volume (All Markets)

    $17,455,000

    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) 153 $16,885,000 $110,359 $0 0.00%
    Outside of Metro Areas 4 $270,000 $67,500 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Harbor Pointe Credit Union's top markets include Duluth, Minneapolis, 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 159 $17,455,000 $109,780 $0 0.00%

    For 2020, Harbor Pointe Credit Union's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $6,225,000 $95,769 $0 0.00%
    Cash Out Refi 60 $7,210,000 $120,167 $0 0.00%
    Home Purchase 21 $3,235,000 $154,048 $0 0.00%
    Home Improvement 7 $285,000 $40,714 $0 0.00%
    Other 6 $500,000 $83,333 $0 0.00%

    For 2020, Harbor Pointe Credit Union's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 159 $17,455,000 $109,780 $0 0.00%

    For 2020, Harbor Pointe Credit Union's most frequently cited loan duration was Other, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $5,430,000 $61,705 $0 0.00%
    $100k-200k 56 $7,670,000 $136,964 $0 0.00%
    $200k-400k 14 $3,840,000 $274,286 $0 0.00%
    $400k-600k 1 $515,000 $515,000 $0 0.00%

    2020 saw Harbor Pointe Credit Union place emphasis on $100,000 or less loans with 88 originations, totaling $5,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $4,430,000 $110,750 $0 0.00%
    $150k-250k 30 $3,140,000 $104,667 $0 0.00%
    $50k-75k 30 $2,840,000 $94,667 $0 0.00%
    $50k or less 23 $2,235,000 $97,174 $0 0.00%
    $250k+ 18 $2,630,000 $146,111 $0 0.00%
    $75k-100k 17 $2,025,000 $119,118 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 159 $17,455,000 $109,780 $0 0.00%

    Harbor Pointe Credit Union lent most frequently to those with DTI ratios of Exempt%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $17,260,000 $109,241 $0 0.00%
    American Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.26%

    Harbor Pointe Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.68%

    Harbor Pointe Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 159 $17,455,000 $109,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $215,000 $215,000
    Single Family (1-4 Units):Manufactured 1 $155,000 $155,000
    Single Family (1-4 Units):Site-Built 157 $17,085,000 $108,822

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HARBORONE MORTGAGE, LLC Conventional home mortgage Trouble during payment process 2 66.7%
    HARBORONE MORTGAGE, LLC FHA mortgage Trouble during payment process 1 33.3%