Belt Valley Bank Mortgage Rates, Fees & Info

Belt, MT

LEI: 549300JT42BMO3B8DD11

Tax ID: 81-0110310

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

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Mortgage Data

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

    Belt Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Belt Valley Bank has a high proportion of conventional loans. Their top (well, only) market is Great Falls.

    Belt Valley Bank has an average approval rate when compared to the average across all lenders.

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    Originations

    42

    Origination Dollar Volume (All Markets)

    $3,900,000

    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) 38 $3,650,000 $96,053 $1,237 6.31%
    Outside of Metro Areas 4 $250,000 $62,500 $796 6.19%
    Belt Valley Bank's top markets include and Great Falls among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $3,900,000 $92,857 $1,172 6.30%

    For 2018, Belt Valley Bank's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $2,180,000 $99,091 $1,289 6.27%
    Refi 11 $1,305,000 $118,636 $1,076 6.16%
    Other 7 $365,000 $52,143 $1,033 6.50%
    Home Improvement 2 $50,000 $25,000 $0 6.63%

    For 2018, Belt Valley Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $3,640,000 $95,789 $1,163 6.30%
    1 Year 3 $235,000 $78,333 $1,410 6.08%
    5 Year 1 $25,000 $25,000 $0 7.00%

    For 2018, Belt Valley Bank's most frequently cited loan duration was Other, with 38 originations. The 2nd most popular length was 1 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 28 $3,160,000 $112,857

    Belt Valley Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 21 $1,255,000 $59,762
    5-6% 16 $2,330,000 $145,625
    7-8% 4 $120,000 $30,000
    4-5% 1 $195,000 $195,000

    During 2018, Belt Valley Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,560,000 $52,000 $934 6.47%
    $100k-200k 7 $1,085,000 $155,000 $1,527 5.93%
    $200k-400k 5 $1,255,000 $251,000 $1,507 5.80%

    2018 saw Belt Valley Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $860,000 $53,750 $1,060 6.44%
    $50k-75k 7 $835,000 $119,286 $1,174 6.14%
    $75k-100k 6 $570,000 $95,000 $1,482 6.54%
    $100k-150k 5 $695,000 $139,000 $849 6.00%
    $150k-250k 1 $265,000 $265,000 $2,550 5.75%
    $250k+ 1 $65,000 $65,000 $0 6.25%

    Belt Valley Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $1,135,000 $126,111 $1,501 6.00%
    30-36% 8 $450,000 $56,250 $1,122 6.97%
    <20% 4 $190,000 $47,500 $782 6.13%
    39% 3 $565,000 $188,333 $1,147 5.83%
    40% 3 $455,000 $151,667 $1,096 5.67%
    47% 1 $25,000 $25,000 $0 7.00%
    41% 1 $25,000 $25,000 $598 7.25%
    44% 1 $45,000 $45,000 $0 6.50%
    38% 1 $155,000 $155,000 $1,770 6.00%

    Belt Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $3,195,000 $91,286 $1,168 6.32%
    Not applicable 6 $610,000 $101,667 $1,276 6.21%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    73.68%

    Belt Valley Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    20.0 5 $125,000 $25,000
    NA 37 $3,775,000 $102,027

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $45,000 $45,000
    Single Family (1-4 Units):Manufactured 17 $1,115,000 $65,588
    Single Family (1-4 Units):Site-Built 24 $2,740,000 $114,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $455,000 $50,556 $848 6.50%
    40-60% 4 $240,000 $60,000 $1,130 6.81%
    60-80% 13 $1,375,000 $105,769 $1,287 6.31%
    80-100% 13 $1,685,000 $129,615 $1,294 5.98%
    Over 100% 1 $95,000 $95,000 $610 5.75%
    Under 20% 2 $50,000 $25,000 $0 6.63%