Harvest Bank Mortgage Rates, Fees & Info

Kimball, MN

LEI: 54930076NULTCIRS5P09

Tax ID: 41-0557060

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Harvest Bank is a smaller bank specializing in Home Purchase loans. Harvest Bank has a high proportion of conventional loans. Their top (well, only) market is St. Cloud.

    Harvest Bank has an above average approval rate when compared to the average across all lenders.

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    Originations

    51

    Origination Dollar Volume (All Markets)

    $5,145,000

    Top 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 28 $2,830,000 $101,071 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 23 $2,315,000 $100,652 $0 0.00%
    Harvest Bank's top markets include and St. Cloud among others.

    Their top states include:
  • (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $5,145,000 $100,882 $0 0.00%

    For 2023, Harvest Bank's most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $2,695,000 $141,842 $0 0.00%
    Home Improvement 17 $745,000 $43,824 $0 0.00%
    Other 10 $870,000 $87,000 $0 0.00%
    Refi 5 $835,000 $167,000 $0 0.00%

    For 2023, Harvest Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Home Improvement, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 51 $5,145,000 $100,882 $0 0.00%

    For 2023, Harvest Bank's most frequently cited loan duration was Other, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,460,000 $48,667 $0 0.00%
    $100k-200k 17 $2,585,000 $152,059 $0 0.00%
    $200k-400k 4 $1,100,000 $275,000 $0 0.00%

    2023 saw Harvest Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,410,000 $117,500 $0 0.00%
    $50k-75k 12 $750,000 $62,500 $0 0.00%
    $75k-100k 9 $995,000 $110,556 $0 0.00%
    $150k-250k 8 $750,000 $93,750 $0 0.00%
    $50k or less 5 $375,000 $75,000 $0 0.00%
    $250k+ 2 $440,000 $220,000 $0 0.00%

    Harvest Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 51 $5,145,000 $100,882 $0 0.00%

    Harvest Bank lent most frequently to those with DTI ratios of Exempt%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,575,000 $97,340 $0 0.00%
    Not applicable 3 $425,000 $141,667 $0 0.00%
    American Indian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Harvest Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 51 $5,145,000 $100,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $5,145,000 $100,882