First Harrison Bank Mortgage Rates, Fees & Info

Corydon, IN

LEI: 549300LGEXCX325O8C49

Tax ID: 35-0634720

5 stars - Updated: 7/13/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    First Harrison Bank is a smaller bank specializing in Home Purchase loans. First Harrison Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Bardstown, Elizabethtown, Glasgow, and Owensboro among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Harrison 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. First Harrison Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.72% 7/13/25
    30 Year Conventional Purchase 6.78% 7/13/25
    30 Year Conventional Refi 6.94% 7/13/25
    30 Year Cash-out Refi 6.89% 7/13/25
    30 Year FHA Purchase 7.33% 7/13/25
    30 Year USDA Purchase 7.03% 7/13/25
    15 Year Conventional Purchase 5.91% 7/13/25
    15 Year Conventional Refi 6.42% 7/13/25
    15 Year Cash-out Refi 6.42% 7/13/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Harrison Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Harrison Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    619

    Origination Dollar Volume (All Markets)

    $90,265,000

    Awards

    First Harrison Bank 30 Year Conventional Loans gold First Harrison Bank FHA Loans silver First Harrison Bank 30 Year Conventional Loans silver First Harrison Bank FHA Loans silver
    Show all (4) awards

    Relative Rate

    First Harrison Bank's average 30 year fixed mortgage rate was 6.7%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    First Harrison Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,447.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    LOUISVILLE, KY (FHA|USDA|VA) 575 $83,865,000 $145,852 $2,850 6.74%
    Outside of Metro Areas 25 $3,115,000 $124,600 $2,875 6.88%
    Bardstown, KY (FHA|USDA|VA) 5 $1,065,000 $213,000 $4,609 6.44%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 8 $970,000 $121,250 $5,682 6.37%
    Glasgow, KY (FHA|USDA|VA) 2 $430,000 $215,000 $4,016 7.62%
    OWENSBORO, KY (FHA|USDA|VA) 1 $395,000 $395,000 $3,979 7.25%
    Scottsburg, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,489 5.88%
    Campbellsville, KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,135 6.63%
    Seymour, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.05%
    First Harrison Bank's top markets include Louisville, Bardstown, Elizabethtown, Glasgow, and Owensboro among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Harrison Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRANSCEND
    Similarity Rank: 60
    Abound Federal Credit Union
    Similarity Rank: 247
    COMMONWEALTH
    Similarity Rank: 325
    First Harrison Bank
    Similarity Rank: 855
    Community Trust Bank, Inc.
    Similarity Rank: 924
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 994
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1120
    Forcht Bank
    Similarity Rank: 1139
    German American Bank
    Similarity Rank: 1353
    Independence Bank of Kentucky
    Similarity Rank: 1932

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 298 $32,860,000 $110,268 n/a 6.30%
    Conventional 297 $52,305,000 $176,111 $2,517 7.20%
    FHA 22 $4,690,000 $213,182 $7,402 6.55%
    USDA 2 $410,000 $205,000 $4,840 6.69%

    For 2024, First Harrison Bank's most frequently originated type of loan was HELOC, with 298 originations. Their 2nd most popular type was Conventional, with 297 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 221 $50,405,000 $228,077 $3,496 6.85%
    Other 120 $10,810,000 $90,083 $1,489 6.64%
    Cash Out Refi 113 $14,395,000 $127,389 $2,404 6.74%
    Home Improvement 105 $7,905,000 $75,286 $1,358 6.76%
    Refi 60 $6,750,000 $112,500 $2,752 6.49%

    For 2024, First Harrison Bank's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Other, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 312 $35,090,000 $112,468 $2,256 6.28%
    30 Year 202 $44,090,000 $218,267 $3,447 6.70%
    10 Year 50 $3,060,000 $61,200 $1,109 8.84%
    15 Year 15 $2,575,000 $171,667 $2,980 6.51%
    5 Year 13 $765,000 $58,846 $991 8.12%
    20 Year 12 $1,430,000 $119,167 $2,681 7.09%
    1 Year 10 $2,040,000 $204,000 $0 8.33%
    3 Year 5 $1,215,000 $243,000 $0 9.20%

    For 2024, First Harrison Bank's most frequently cited loan duration was Other, with 312 originations. The 2nd most popular length was 30 Year, with 202 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 165 $27,955,000 $169,424
    $1k-2k 92 $17,750,000 $192,935
    $3k-4k 5 $1,345,000 $269,000
    $2k-3k 4 $850,000 $212,500
    $4k-5k 2 $620,000 $310,000
    $5k+ 2 $740,000 $370,000

    First Harrison Bank's average total fees were $3,447, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 282 $34,240,000 $121,418
    6-7% 169 $33,865,000 $200,385
    7-8% 91 $15,455,000 $169,835
    Over 8% 76 $6,370,000 $83,816
    4-5% 1 $335,000 $335,000

    During 2024, First Harrison Bank's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 5-6%, with 282 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 265 $14,245,000 $53,755 $1,664 6.88%
    $100k-200k 192 $27,010,000 $140,677 $2,973 6.64%
    $200k-400k 142 $38,390,000 $270,352 $3,892 6.62%
    $400k-600k 14 $6,740,000 $481,429 $3,664 6.66%
    $600k-1MM 6 $3,880,000 $646,667 $3,231 6.67%

    2024 saw First Harrison Bank place emphasis on $100,000 or less loans with 265 originations, totaling $14,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 136 $16,300,000 $119,853 $2,968 6.65%
    $100k-150k 132 $21,750,000 $164,773 $3,013 6.74%
    $75k-100k 116 $16,690,000 $143,879 $3,066 6.57%
    $50k or less 87 $7,285,000 $83,736 $2,538 6.82%
    $150k-250k 80 $15,620,000 $195,250 $3,122 6.56%
    $250k+ 16 $4,030,000 $251,875 $2,398 6.70%

    First Harrison Bank lent most frequently to those with incomes in the $50k-75k range, with 136 originations. The second most popular income band? $100k-150k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $17,880,000 $122,466 $2,607 6.62%
    30-36% 93 $12,095,000 $130,054 $2,539 6.75%
    <20% 72 $7,860,000 $109,167 $2,275 6.52%
    37% 30 $3,730,000 $124,333 $2,251 6.85%
    39% 29 $4,175,000 $143,966 $3,243 6.80%
    36% 24 $3,250,000 $135,417 $3,619 6.86%
    40% 21 $3,195,000 $152,143 $2,231 6.66%
    41% 21 $3,835,000 $182,619 $3,357 6.62%
    38% 20 $3,800,000 $190,000 $3,293 6.56%
    50-60% 17 $3,035,000 $178,529 $3,320 6.51%
    42% 16 $3,660,000 $228,750 $3,012 6.65%
    43% 14 $2,810,000 $200,714 $3,462 6.47%
    45% 12 $2,160,000 $180,000 $2,835 6.28%
    44% 11 $1,755,000 $159,545 $4,183 6.93%
    48% 11 $2,215,000 $201,364 $3,499 6.57%
    46% 10 $1,880,000 $188,000 $3,227 6.71%
    >60% 8 $1,730,000 $216,250 $2,419 7.11%
    49% 8 $1,480,000 $185,000 $5,036 6.54%
    47% 7 $1,385,000 $197,857 $5,222 6.71%

    First Harrison Bank lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 551 $78,175,000 $141,878 $2,858 6.68%
    Not applicable 48 $8,230,000 $171,458 $0 7.63%
    Black 5 $1,765,000 $353,000 $4,629 6.88%
    Not provided 9 $1,195,000 $132,778 $5,759 6.10%
    Asian 2 $350,000 $175,000 $2,607 6.23%
    1 $285,000 $285,000 $2,603 6.50%
    American Indian 2 $240,000 $120,000 $2,865 5.88%
    Other Pacific Islander 1 $25,000 $25,000 $0 5.95%

    Approval Rates

    Total approvals of all applications
    85.10%

    First Harrison Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.37%

    First Harrison Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 619 $90,265,000 $145,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    619 $90,265,000 $145,824

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 162 $16,370,000 $101,049 $2,075 6.61%
    40-60% 74 $13,580,000 $183,514 $2,700 6.66%
    60-80% 133 $28,305,000 $212,820 $2,929 7.01%
    80-100% 105 $25,115,000 $239,190 $4,082 6.71%
    Under 20% 145 $6,895,000 $47,552 $1,262 6.70%