Harvest Bank Mortgage Rates, Fees & Info

Kimball, MN

LEI: 54930076NULTCIRS5P09

Tax ID: 41-0557060

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Mortgage Data

Review & Overview

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

Harvest Bank has an 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

46

Origination Dollar Volume (All Markets)

$4,930,000

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 33 $3,925,000 $118,939 $0 0.00%
ST. CLOUD, MN (FHA|USDA|VA) 13 $1,005,000 $77,308 $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 46 $4,930,000 $107,174 $0 0.00%

    For 2018, Harvest Bank's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $3,410,000 $155,000 $0 0.00%
    Refi 10 $1,030,000 $103,000 $0 0.00%
    Home Improvement 9 $345,000 $38,333 $0 0.00%
    Other 5 $145,000 $29,000 $0 0.00%

    For 2018, Harvest Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $4,930,000 $107,174 $0 0.00%

    For 2018, Harvest Bank's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,310,000 $46,786 $0 0.00%
    $100k-200k 12 $1,820,000 $151,667 $0 0.00%
    $200k-400k 5 $1,365,000 $273,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2018 saw Harvest Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $785,000 $52,333 $0 0.00%
    $50k-75k 13 $1,245,000 $95,769 $0 0.00%
    $100k-150k 7 $805,000 $115,000 $0 0.00%
    $75k-100k 2 $270,000 $135,000 $0 0.00%
    $150k-250k 1 $435,000 $435,000 $0 0.00%

    Harvest Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $4,930,000 $107,174 $0 0.00%

    Harvest Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $4,075,000 $99,390 $0 0.00%
    Not applicable 4 $660,000 $165,000 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Harvest Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.13%

    Harvest Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $4,930,000 $107,174

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $530,000 $265,000
    Single Family (1-4 Units):Manufactured 4 $210,000 $52,500
    Single Family (1-4 Units):Site-Built 40 $4,190,000 $104,750