Harvesters Federal Credit Union Mortgage Rates, Fees & Info

Cantonment, FL

LEI: 549300GXXWNCQH5XX485

Tax ID: 59-0650050

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Harvesters Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Harvesters Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Daphne, and Crestview among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Harvesters Federal Credit Union 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. Harvesters Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.82% 11/17/24
    30 Year Conventional Refi 6.09% 11/17/24
    30 Year Cash-out Refi 6.16% 11/17/24
    30 Year VA Purchase 5.57% 11/17/24
    15 Year Conventional Purchase 6.01% 11/17/24
    15 Year Conventional Refi 5.61% 11/17/24
    15 Year Cash-out Refi 5.61% 11/17/24
    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.

    Harvesters Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Harvesters Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    103

    Origination Dollar Volume (All Markets)

    $27,445,000

    Awards

    HARVESTERS FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) awards

    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
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 94 $25,530,000 $271,596 $6,079 5.06%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $1,410,000 $235,000 $5,451 5.27%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $380,000 $190,000 $5,360 3.88%
    Outside of Metro Areas 1 $125,000 $125,000 $3,279 5.75%
    Harvesters Federal Credit Union's top markets include Pensacola, Daphne, and Crestview among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HARVESTERS FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 236
    Pen Air Federal Credit Union
    Similarity Rank: 288
    Gulf Winds Credit Union
    Similarity Rank: 312
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 344
    INLANTA MORTGAGE, INC.
    Similarity Rank: 1770
    DSLD MORTGAGE, LLC
    Similarity Rank: 2185
    PLANET HOME LENDING, LLC
    Similarity Rank: 4172
    The First, A National Banking Association
    Similarity Rank: 6627
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 6732
    Trustmark National Bank
    Similarity Rank: 7182

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $25,985,000 $262,475 $6,002 5.08%
    VA 4 $1,460,000 $365,000 $5,957 4.56%

    For 2022, Harvesters Federal Credit Union's most frequently originated type of loan was Conventional, with 99 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 40 $7,950,000 $198,750 $4,686 5.11%
    Refi 35 $12,875,000 $367,857 $8,264 5.02%
    Home Purchase 28 $6,620,000 $236,429 $4,962 5.04%

    For 2022, Harvesters Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 40 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 66 $14,050,000 $212,879 $4,611 5.17%
    30+ year 28 $11,690,000 $417,500 $9,913 5.08%
    15 Year 8 $1,480,000 $185,000 $3,791 4.20%
    20 Year 1 $225,000 $225,000 $3,037 4.00%

    For 2022, Harvesters Federal Credit Union's most frequently cited loan duration was 30 Year, with 66 originations. The 2nd most popular length was 30+ year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 45 $8,315,000 $184,778
    $5k+ 23 $11,145,000 $484,565
    $4k-5k 11 $3,465,000 $315,000
    $2k-3k 9 $1,375,000 $152,778
    $<1k 8 $1,500,000 $187,500
    $3k-4k 7 $1,645,000 $235,000

    Harvesters Federal Credit Union's average total fees were $4,611, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 37 $11,585,000 $313,108
    3-4% 21 $4,645,000 $221,190
    6-7% 21 $6,725,000 $320,238
    5-6% 20 $3,590,000 $179,500
    2.5-3% 2 $450,000 $225,000
    7-8% 2 $450,000 $225,000

    During 2022, Harvesters Federal Credit Union's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $12,055,000 $280,349 $6,001 5.16%
    $100k-200k 35 $5,025,000 $143,571 $3,387 4.79%
    $400k-600k 13 $6,515,000 $501,154 $10,965 5.51%
    $100,000 or less 7 $505,000 $72,143 $3,459 4.91%
    $600k-1MM 5 $3,345,000 $669,000 $14,930 5.12%

    2022 saw Harvesters Federal Credit Union place emphasis on $200k-400k loans with 43 originations, totaling $12,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $7,705,000 $308,200 $6,095 5.19%
    $150k-250k 18 $6,390,000 $355,000 $8,014 5.16%
    $50k-75k 18 $3,420,000 $190,000 $3,947 4.86%
    $50k or less 17 $1,905,000 $112,059 $3,542 4.82%
    $75k-100k 14 $3,020,000 $215,714 $5,135 5.11%
    $250k+ 10 $4,520,000 $452,000 $10,532 5.29%

    Harvesters Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $7,110,000 $296,250 $7,153 4.82%
    30-36% 23 $4,965,000 $215,870 $4,698 4.89%
    <20% 11 $2,745,000 $249,545 $5,620 4.87%
    46% 5 $1,375,000 $275,000 $6,513 4.50%
    37% 5 $1,005,000 $201,000 $4,621 4.04%
    41% 4 $1,080,000 $270,000 $5,234 5.27%
    39% 4 $800,000 $200,000 $3,670 5.86%
    40% 4 $1,310,000 $327,500 $7,364 6.18%
    43% 4 $800,000 $200,000 $4,071 5.34%
    44% 4 $1,300,000 $325,000 $7,180 6.21%
    48% 4 $1,820,000 $455,000 $10,319 5.75%
    45% 3 $1,365,000 $455,000 $9,557 5.54%
    38% 3 $675,000 $225,000 $6,588 4.46%
    42% 2 $500,000 $250,000 $7,038 6.49%
    36% 2 $260,000 $130,000 $2,682 5.13%
    50-60% 1 $335,000 $335,000 $3,851 5.13%

    Harvesters Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $22,620,000 $263,023 $5,699 4.98%
    Not provided 6 $1,930,000 $321,667 $9,075 6.17%
    Black 6 $1,540,000 $256,667 $6,314 4.64%
    Asian Indian 1 $645,000 $645,000 $18,929 6.37%
    Asian 3 $635,000 $211,667 $4,202 4.92%
    Filipino 1 $75,000 $75,000 $3,367 6.50%

    Approval Rates

    Total approvals of all applications
    88.11%

    Harvesters Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.64%

    Harvesters Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 103 $27,445,000 $266,456

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    103 $27,445,000 $266,456

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,815,000 $139,615 $3,770 5.32%
    40-60% 15 $2,555,000 $170,333 $3,457 4.44%
    60-80% 46 $13,380,000 $290,870 $6,614 5.10%
    80-100% 26 $9,210,000 $354,231 $7,327 5.31%
    Over 100% 1 $365,000 $365,000 $13,066 3.13%
    Under 20% 2 $120,000 $60,000 $4,060 4.81%