Harborstone Mortgage Rates, Fees & Info
Lakewood, WALEI: 54930028J11BWKUVGX50
Tax ID: 91-0659059
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Mortgage Data
Review & Overview
Harborstone is a smaller mortgage company specializing in Home Purchase loans. Harborstone has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Port Angeles, Oak Harbor, Olympia, and Bremerton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Harborstone 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Harborstone Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
22Origination Dollar Volume (All Markets)
$67,010,000Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 15 | $62,255,000 | $4,150,333 | $0 | 4.55% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $0 | 4.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $1,610,000 | $805,000 | $0 | 4.19% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 5.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 4.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $67,010,000 | $3,045,909 | $0 | 4.56% |
For 2021, Harborstone's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 17 | $63,105,000 | $3,712,059 | $0 | 4.62% |
| Cash Out Refi | 4 | $3,340,000 | $835,000 | $0 | 4.31% |
| Refi | 1 | $565,000 | $565,000 | $0 | 4.50% |
For 2021, Harborstone's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2021, Harborstone's most frequently cited loan duration was 10 Year, with 15 originations. The 2nd most popular length was Other, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 15 | $60,015,000 | $4,001,000 |
| 5-6% | 4 | $4,910,000 | $1,227,500 |
| 3-4% | 3 | $2,085,000 | $695,000 |
During 2021, Harborstone's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.
Loan Sizing
2021 saw Harborstone place emphasis on $1MM+ loans with 10 originations, totaling $59,480,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $465,000 | $465,000 | $0 | 4.25% |
Harborstone lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 21 | $66,545,000 | $3,168,810 | $0 | 4.58% |
| Not provided | 1 | $465,000 | $465,000 | $0 | 4.25% |
Approval Rates
Total approvals of all applications100.00%
Harborstone has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.82%
Harborstone has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 22 | $67,010,000 | $3,045,909 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HARBORONE MORTGAGE, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| HARBORONE MORTGAGE, LLC | Other type of mortgage | Trouble during payment process | 1 | 33.3% |
| HARBORONE MORTGAGE, LLC | VA mortgage | Trouble during payment process | 1 | 33.3% |