First Harrison Bank Mortgage Rates, Fees & Info

Corydon, IN

LEI: 549300LGEXCX325O8C49

Tax ID: 35-0634720

5 stars - out of 5 stars, based on 30 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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.


    SimulatedRates™

    Mortgage Type     		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.


    Originations

    923

    Origination Dollar Volume (All Markets)

    $131,175,000
    Show all (12) awards

    Relative Rate

    First Harrison Bank's average 30 year fixed mortgage rate was 4.79%.

    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.

    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/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%
    First Harrison Bank's top markets include Louisville/jefferson County, Bardstown, Elizabethtown, Scottsburg, and Sevierville among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (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.

    COMMONWEALTH
    Similarity Rank: 575
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 780
    First Harrison Bank
    Similarity Rank: 969
    Central Bank & Trust Company
    Similarity Rank: 1044
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 1081
    TRANSCEND
    Similarity Rank: 1170
    Forcht Bank
    Similarity Rank: 1540
    Abound Federal Credit Union
    Similarity Rank: 1666
    The Paducah Bank and Trust Company
    Similarity Rank: 1675
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1794

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 581 $89,705,000 $154,398 $1,912 4.92%
    HELOC 314 $35,870,000 $114,236 n/a 4.07%
    FHA 26 $5,380,000 $206,923 $6,391 4.81%
    USDA 2 $220,000 $110,000 $3,888 5.00%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 288 $61,500,000 $213,542 $3,057 4.85%
    Cash Out Refi 213 $31,305,000 $146,972 $1,846 4.58%
    Other 199 $17,525,000 $88,065 $592 4.39%
    Home Improvement 120 $7,080,000 $59,000 $391 4.64%
    Refi 103 $13,765,000 $133,641 $2,195 4.58%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 362 $47,860,000 $132,210 $1,053 4.27%
    30 Year 272 $54,020,000 $198,603 $3,078 4.79%
    10 Year 138 $9,040,000 $65,507 $570 5.53%
    15 Year 77 $11,175,000 $145,130 $2,289 4.12%
    20 Year 36 $5,320,000 $147,778 $2,377 4.73%
    5 Year 29 $1,575,000 $54,310 $401 4.57%
    1 Year 8 $2,000,000 $250,000 $0 4.63%
    3 Year 1 $185,000 $185,000 $0 4.50%

    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
    $<1k 454 $60,640,000 $133,568
    $1k-2k 59 $11,555,000 $195,847
    $2k-3k 9 $1,635,000 $181,667
    $3k-4k 9 $2,415,000 $268,333
    $5k+ 4 $1,190,000 $297,500
    $4k-5k 3 $785,000 $261,667

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 208 $29,520,000 $141,923
    5-6% 206 $29,680,000 $144,078
    3-4% 150 $28,330,000 $188,867
    <2.5% 147 $16,365,000 $111,327
    6-7% 139 $17,775,000 $127,878
    2.5-3% 33 $5,575,000 $168,939
    7-8% 32 $3,320,000 $103,750
    Over 8% 8 $610,000 $76,250

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 411 $20,875,000 $50,791 $1,076 4.72%
    $100k-200k 294 $42,260,000 $143,741 $2,526 4.51%
    $200k-400k 187 $49,965,000 $267,193 $3,319 4.68%
    $400k-600k 22 $9,920,000 $450,909 $3,246 4.51%
    $600k-1MM 6 $4,590,000 $765,000 $0 3.67%
    $1MM+ 3 $3,565,000 $1,188,333 $0 4.01%

    2022 saw First Harrison Bank place emphasis on $100,000 or less loans with 411 originations, totaling $20,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 239 $29,215,000 $122,238 $2,327 4.64%
    $100k-150k 184 $27,800,000 $151,087 $1,933 4.45%
    $50k or less 177 $15,105,000 $85,339 $2,036 4.82%
    $75k-100k 148 $19,970,000 $134,932 $2,139 4.44%
    $150k-250k 80 $15,850,000 $198,125 $2,273 4.84%
    $250k+ 23 $6,295,000 $273,696 $2,576 4.19%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $27,955,000 $118,957 $1,964 4.64%
    30-36% 159 $20,495,000 $128,899 $2,175 4.62%
    <20% 143 $17,235,000 $120,524 $1,554 4.16%
    36% 33 $5,115,000 $155,000 $1,937 4.61%
    38% 30 $4,300,000 $143,333 $1,553 4.40%
    40% 29 $3,915,000 $135,000 $2,151 4.45%
    39% 28 $5,230,000 $186,786 $2,679 4.81%
    43% 27 $4,385,000 $162,407 $3,053 4.63%
    37% 23 $2,685,000 $116,739 $2,458 4.75%
    41% 21 $3,755,000 $178,810 $2,003 5.11%
    42% 19 $2,285,000 $120,263 $2,305 5.50%
    46% 17 $4,255,000 $250,294 $3,507 4.93%
    44% 17 $2,425,000 $142,647 $2,672 4.73%
    50-60% 13 $1,675,000 $128,846 $3,353 4.47%
    47% 13 $2,435,000 $187,308 $2,217 4.69%
    49% 13 $1,875,000 $144,231 $3,308 5.24%
    45% 12 $1,720,000 $143,333 $2,733 4.19%
    >60% 11 $1,425,000 $129,545 $1,651 5.73%
    48% 8 $1,070,000 $133,750 $2,268 5.30%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 845 $111,745,000 $132,243 $2,067 4.62%
    Not applicable 60 $15,950,000 $265,833 $0 4.91%
    Not provided 8 $1,560,000 $195,000 $3,562 4.19%
    Black 5 $945,000 $189,000 $11,868 4.50%
    American Indian 2 $410,000 $205,000 $4,210 5.56%
    Asian 2 $350,000 $175,000 $2,206 2.56%
    Japanese 1 $215,000 $215,000 $2,554 4.65%

    Approval Rates

    Total approvals of all applications
    88.60%

    First Harrison Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.32%

    First Harrison Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 923 $131,175,000 $142,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    923 $131,175,000 $142,118

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 214 $18,260,000 $85,327 $1,127 4.40%
    40-60% 146 $22,070,000 $151,164 $2,156 4.86%
    60-80% 226 $52,050,000 $230,310 $2,658 4.67%
    80-100% 137 $29,605,000 $216,095 $3,597 4.81%
    Under 20% 200 $9,190,000 $45,950 $519 4.54%

    Complaints

    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%