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 (well, only) market is Great Falls.Belt Valley Bank 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.
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Originations
41Origination Dollar Volume (All Markets)
$5,665,000Top 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) | 35 | $4,805,000 | $137,286 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $860,000 | $143,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $5,665,000 | $138,171 | $0 | 0.00% |
For 2019, Belt Valley Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 27 | $4,395,000 | $162,778 | $0 | 0.00% |
| Refi | 9 | $945,000 | $105,000 | $0 | 0.00% |
| Other | 5 | $325,000 | $65,000 | $0 | 0.00% |
For 2019, Belt Valley Bank's most frequently cited loan purpose was Home Purchase, with 27 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 | 41 | $5,665,000 | $138,171 | $0 | 0.00% |
For 2019, Belt Valley Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2019 saw Belt Valley Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,210,000 in origination value.
Applicant Income
Belt Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $5,665,000 | $138,171 | $0 | 0.00% |
Belt Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $5,305,000 | $136,026 | $0 | 0.00% |
| Not applicable | 2 | $360,000 | $180,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications71.88%
Belt Valley Bank has a below average approval rate.
Pick Rate
Approvals leading to origination87.80%
Belt Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $5,665,000 | $138,171 |