First Harrison Bank Mortgage Rates, Fees & InfoCorydon, IN
Tax ID: 35-0634720
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Harrison Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Harrison Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville/jefferson County, Bardstown, Elizabethtown, Scottsburg, and Sevierville among others. We have data for 17 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.
|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/24/23|
|30 Year Conventional Purchase||6.64%||3/24/23|
|30 Year Conventional Refi||6.76%||3/24/23|
|30 Year Cash-out Refi||6.91%||3/24/23|
|30 Year FHA Purchase||7.30%||3/24/23|
|30 Year FHA Refi||7.10%||3/24/23|
|30 Year VA Refi||6.27%||3/24/23|
|30 Year USDA Purchase||7.09%||3/24/23|
|15 Year Conventional Purchase||6.49%||3/24/23|
|15 Year Conventional Refi||6.16%||3/24/23|
|15 Year Cash-out Refi||6.16%||3/24/23|
|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.|
Origination Dollar Volume (All Markets)$131,175,000
First Harrison Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
First Harrison Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,078.
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 $4,750.
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/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA)||836||$117,700,000||$140,789||$2,079||4.61%|
|Outside of Metro Areas||46||$6,090,000||$132,391||$2,114||4.74%|
|Bardstown, KY (FHA|USDA|VA)||18||$3,990,000||$221,667||$2,924||4.99%|
|ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)||6||$700,000||$116,667||$2,670||4.81%|
|Scottsburg, IN (FHA|USDA|VA)||5||$565,000||$113,000||$2,489||5.19%|
|Sevierville, TN (FHA|USDA|VA)||1||$395,000||$395,000||$0||4.96%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$285,000||$285,000||$3,155||3.99%|
|NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)||1||$275,000||$275,000||$3,653||6.38%|
|EVANSVILLE, IN-KY (FHA|USDA|VA)||1||$255,000||$255,000||$3,387||5.49%|
|Madison, IN (FHA|USDA|VA)||1||$195,000||$195,000||$2,168||3.99%|
|Glasgow, KY (FHA|USDA|VA)||1||$165,000||$165,000||$2,735||4.88%|
|Murray, KY (FHA|USDA|VA)||1||$155,000||$155,000||$5,933||5.63%|
|Campbellsville, KY (FHA|USDA|VA)||1||$115,000||$115,000||$4,702||6.00%|
|JACKSONVILLE, NC (FHA|USDA|VA)||1||$105,000||$105,000||$3,699||5.13%|
|Washington, IN (FHA|USDA|VA)||1||$85,000||$85,000||$350||5.20%|
|Paris, TN (FHA|USDA|VA)||1||$55,000||$55,000||$4,479||5.63%|
|North Vernon, IN (FHA|USDA|VA)||1||$45,000||$45,000||$2,100||3.99%|
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.
Similarity Rank: 575
Similarity Rank: 780
Similarity Rank: 969
Similarity Rank: 1044
Similarity Rank: 1081
Similarity Rank: 1170
Similarity Rank: 1540
Similarity Rank: 1666
Similarity Rank: 1675
Similarity Rank: 1794
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, First Harrison Bank's most frequently originated type of loan was Conventional, with 581 originations. Their 2nd most popular type was HELOC, with 314 originations.
For 2022, First Harrison Bank's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was Cash Out Refi, with 213 originations.
For 2022, First Harrison Bank's most frequently cited loan duration was Other, with 362 originations. The 2nd most popular length was 30 Year, with 272 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
First Harrison Bank's average total fees were $3,078, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 454 originations.
During 2022, First Harrison Bank's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 208 originations.
2022 saw First Harrison Bank place emphasis on $100,000 or less loans with 411 originations, totaling $20,875,000 in origination value.
First Harrison Bank lent most frequently to those with incomes in the $50k-75k range, with 239 originations. The second most popular income band? $100k-150k, with 184 originations.
Applicant Debt to Income Ratio
First Harrison Bank lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 159 originations.
Approval RatesTotal approvals of all applications
First Harrison Bank has an average approval rate.
Pick RateApprovals leading to origination
First Harrison Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST CITIZENS BANCSHARES, INC.||Home equity loan or line of credit (HELOC)||Applying for a mortgage or refinancing an existing mortgage||1||100.0%|