Belt Valley Bank Mortgage Rates, Fees & Info

Belt, MT

LEI: 549300JT42BMO3B8DD11

Tax ID: 81-0110310

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Mortgage Data

Review & Overview

Belt Valley Bank is a smaller bank specializing in Home Purchase loans. Belt Valley Bank has a high proportion of conventional loans. Their top two markets are Great Falls and Helena .

Belt Valley Bank has an 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

49

Origination Dollar Volume (All Markets)

$8,135,000

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
GREAT FALLS, MT (FHA|USDA|VA) 39 $5,725,000 $146,795 $0 0.00%
Outside of Metro Areas 9 $2,215,000 $246,111 $0 0.00%
Helena, MT (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Belt Valley Bank's top markets include Great Falls and Helena among others.

Their top states include:
  • Montana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $8,135,000 $166,020 $0 0.00%

    For 2023, Belt Valley Bank's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $5,330,000 $190,357 $0 0.00%
    Refi 9 $1,155,000 $128,333 $0 0.00%
    Other 7 $1,125,000 $160,714 $0 0.00%
    Home Improvement 5 $525,000 $105,000 $0 0.00%

    For 2023, Belt Valley Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 49 $8,135,000 $166,020 $0 0.00%

    For 2023, Belt Valley Bank's most frequently cited loan duration was Other, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $2,960,000 $148,000 $0 0.00%
    $100,000 or less 17 $775,000 $45,588 $0 0.00%
    $200k-400k 8 $2,090,000 $261,250 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2023 saw Belt Valley Bank place emphasis on $100k-200k loans with 20 originations, totaling $2,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,170,000 $83,571 $0 0.00%
    $100k-150k 8 $1,200,000 $150,000 $0 0.00%
    $150k-250k 7 $1,995,000 $285,000 $0 0.00%
    $250k+ 7 $1,975,000 $282,143 $0 0.00%
    $50k-75k 6 $810,000 $135,000 $0 0.00%
    $75k-100k 6 $700,000 $116,667 $0 0.00%

    Belt Valley Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 49 $8,135,000 $166,020 $0 0.00%

    Belt Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $7,850,000 $163,542 $0 0.00%
    Not applicable 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.69%

    Belt Valley Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.92%

    Belt Valley 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 49 $8,135,000 $166,020

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    49 $8,135,000 $166,020