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 Improvement and Home Purchase loans. Harborstone has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Centralia, Bremerton, and Wenatchee among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Harborstone has a below average approval rate when compared to the average across all lenders. They have an 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% | 9/1/24 |
| 30 Year Conventional Refi | 6.27% | 9/1/24 |
| 30 Year Cash-out Refi | 6.27% | 9/1/24 |
| 15 Year Conventional Purchase | 5.68% | 9/1/24 |
| 15 Year Conventional Refi | 5.68% | 9/1/24 |
| 15 Year Cash-out Refi | 5.68% | 9/1/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
560Origination Dollar Volume (All Markets)
$84,120,000Top 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) | 474 | $77,230,000 | $162,932 | $0 | 4.67% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 44 | $2,980,000 | $67,727 | $0 | 4.58% |
| Centralia, WA (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $0 | 4.92% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 15 | $1,045,000 | $69,667 | $0 | 4.69% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.00% |
| Shelton, WA (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $0 | 4.39% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 4.55% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 4.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 6.05% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.50% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.04% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.39% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.39% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 551 | $45,355,000 | $82,314 | n/a | 4.67% |
| Conventional | 9 | $38,765,000 | $4,307,222 | $0 | 4.54% |
For 2022, Harborstone's most frequently originated type of loan was HELOC, with 551 originations. Their 2nd most popular type was Conventional, with 9 originations.
Loan Reason
For 2022, Harborstone's most frequently cited loan purpose was Home Improvement, with 403 originations. The 2nd most popular reason was Other, with 148 originations.
Loan Duration/Length
For 2022, Harborstone's most frequently cited loan duration was Other, with 551 originations. The 2nd most popular length was 10 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 432 | $60,650,000 | $140,394 |
| 5-6% | 91 | $20,045,000 | $220,275 |
| 6-7% | 31 | $2,115,000 | $68,226 |
| 7-8% | 4 | $220,000 | $55,000 |
| 3-4% | 2 | $1,090,000 | $545,000 |
During 2022, Harborstone's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 432 originations.
Loan Sizing
2022 saw Harborstone place emphasis on $100,000 or less loans with 388 originations, totaling $21,750,000 in origination value.
Applicant Income
Harborstone lent most frequently to those with incomes in the $100k-150k range, with 167 originations. The second most popular income band? $150k-250k, with 167 originations.
Applicant Debt to Income Ratio
Harborstone lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? 30-36%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.85%
Harborstone has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination90.36%
Harborstone has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 560 | $84,120,000 | $150,214 |