Highpoint Community Bank Mortgage Rates, Fees & Info
Hastings, MILEI: 254900VOHINLR793U293
Tax ID: 38-0633620
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Highpoint Community Bank is a smaller bank specializing in Home Purchase loans. Highpoint Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Grand Rapids, Battle Creek, Lansing, Traverse City, and Kalamazoo among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Highpoint Community Bank 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
80Origination Dollar Volume (All Markets)
$16,290,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 51 | $8,565,000 | $167,941 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 17 | $4,975,000 | $292,647 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $16,145,000 | $204,367 | $0 | 0.00% |
| USDA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2024, Highpoint Community Bank's most frequently originated type of loan was Conventional, with 79 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2024, Highpoint Community Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Other, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $16,290,000 | $203,625 | $0 | 0.00% |
For 2024, Highpoint Community Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2024 saw Highpoint Community Bank place emphasis on $100,000 or less loans with 32 originations, totaling $1,710,000 in origination value.
Applicant Income
Highpoint Community Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $16,290,000 | $203,625 | $0 | 0.00% |
Highpoint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.85%
Highpoint Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.25%
Highpoint Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $16,290,000 | $203,625 |