Belt Valley Bank Mortgage Rates, Fees & Info
Belt, MTLEI: 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
49Origination Dollar Volume (All Markets)
$8,135,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Belt Valley Bank place emphasis on $100k-200k loans with 20 originations, totaling $2,960,000 in origination value.
Applicant Income
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 applications79.69%
Belt Valley Bank has a below average approval rate.
Pick Rate
Approvals leading to origination95.92%
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 |