Harvest Bank Mortgage Rates, Fees & Info
Kimball, MNLEI: 54930076NULTCIRS5P09
Tax ID: 41-0557060
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Mortgage Data
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. They have an above average pick rate when compared to similar lenders.
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Originations
33Origination Dollar Volume (All Markets)
$3,965,000Top 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 | 20 | $2,360,000 | $118,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 13 | $1,605,000 | $123,462 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $3,965,000 | $120,152 | $0 | 0.00% |
For 2019, Harvest Bank's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2019, Harvest Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Other, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $3,965,000 | $120,152 | $0 | 0.00% |
For 2019, Harvest Bank's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2019 saw Harvest Bank place emphasis on $100,000 or less loans with 15 originations, totaling $685,000 in origination value.
Applicant Income
Harvest Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $3,965,000 | $120,152 | $0 | 0.00% |
Harvest Bank lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 32 | $3,920,000 | $122,500 | $0 | 0.00% |
| Not applicable | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.59%
Harvest Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.97%
Harvest Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $3,965,000 | $120,152 |