Horizon Community Bank Mortgage Rates, Fees & Info
LAKE HAVASU CITY, AZLEI: 549300HKYIM2UCUTQA05
Tax ID: 86-1035867
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Horizon Community Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Horizon Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lake Havasu City, Yuma, Phoenix, Payson, and Tucson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Horizon Community Bank has an above average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
47Origination Dollar Volume (All Markets)
$15,795,000Top 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 |
|---|---|---|---|---|---|
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 35 | $11,585,000 | $331,000 | $0 | 0.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $850,000 | $141,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| Payson, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HORIZON COMMUNITY BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 56
Similarity Rank: 890
Similarity Rank: 1722
Similarity Rank: 1824
Similarity Rank: 2673
Similarity Rank: 2730
Similarity Rank: 5698
Similarity Rank: 6300
Similarity Rank: 6972
Similarity Rank: 7882
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $15,795,000 | $336,064 | $0 | 0.00% |
For 2022, Horizon Community Bank's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2022, Horizon Community Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $15,795,000 | $336,064 | $0 | 0.00% |
For 2022, Horizon Community Bank's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2022 saw Horizon Community Bank place emphasis on $200k-400k loans with 19 originations, totaling $5,365,000 in origination value.
Applicant Income
Horizon Community Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $15,795,000 | $336,064 | $0 | 0.00% |
Horizon Community Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.04%
Horizon Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.21%
Horizon Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $15,795,000 | $336,064 |