Highpoint Community Bank Mortgage Rates, Fees & Info
Hastings, MILEI: 254900VOHINLR793U293
Tax ID: 38-0633620
Latest/2023 | 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 and Cash Out Refi loans. Highpoint Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Battle Creek, Grand Rapids, Holland, Muskegon, and Lansing among others. We have data for 11 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
103Origination Dollar Volume (All Markets)
$21,345,000Top 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 | 61 | $10,935,000 | $179,262 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 6 | $3,580,000 | $596,667 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 20 | $3,290,000 | $164,500 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $21,345,000 | $207,233 | $0 | 0.00% |
For 2022, Highpoint Community Bank's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2022, Highpoint Community Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $21,345,000 | $207,233 | $0 | 0.00% |
For 2022, Highpoint Community Bank's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2022 saw Highpoint Community Bank place emphasis on $100k-200k loans with 41 originations, totaling $6,195,000 in origination value.
Applicant Income
Highpoint Community Bank lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $21,345,000 | $207,233 | $0 | 0.00% |
Highpoint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.69%
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 origination86.41%
Highpoint Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 103 | $21,345,000 | $207,233 |