Harbor Pointe Credit Union Mortgage Rates, Fees & Info
Duluth, MNLEI: 254900CCCPJ8S6GUIT87
Tax ID: 41-0226825
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 Brainerd .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
118Origination Dollar Volume (All Markets)
$17,580,000Top 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) | 115 | $17,235,000 | $149,870 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 118 | $17,580,000 | $148,983 | $0 | 0.00% |
For 2022, Harbor Pointe Credit Union's most frequently originated type of loan was Conventional, with 118 originations.
Loan Reason
For 2022, Harbor Pointe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 118 | $17,580,000 | $148,983 | $0 | 0.00% |
For 2022, Harbor Pointe Credit Union's most frequently cited loan duration was Other, with 118 originations.
Loan Sizing
2022 saw Harbor Pointe Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $3,055,000 in origination value.
Applicant Income
Harbor Pointe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 118 | $17,580,000 | $148,983 | $0 | 0.00% |
Harbor Pointe Credit Union lent most frequently to those with DTI ratios of Exempt%, with 118 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
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 origination93.22%
Harbor Pointe Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 118 | $17,580,000 | $148,983 |