Blueharbor Bank Mortgage Rates, Fees & Info
Mooresville, NCLEI: 549300MW4XR7DUGZXU81
Tax ID: 26-1665679
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Blueharbor Bank is a smaller bank specializing in Home Purchase loans. Blueharbor Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Myrtle Beach, Morehead City, Hickory, and Cleveland among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Blueharbor Bank has an above 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
64Origination Dollar Volume (All Markets)
$30,240,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 48 | $22,960,000 | $478,333 | $4,265 | 7.17% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $2,640 | 7.12% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $1,983 | 7.41% |
| Outside of Metro Areas | 2 | $1,560,000 | $780,000 | $0 | 6.62% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $2,097 | 7.04% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,594 | 6.59% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,563 | 6.59% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $30,240,000 | $472,500 | $3,582 | 7.13% |
For 2023, Blueharbor Bank's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2023, Blueharbor Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $30,240,000 | $472,500 | $3,582 | 7.13% |
For 2023, Blueharbor Bank's most frequently cited loan duration was Other, with 64 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $1,475,000 | $295,000 |
| $5k+ | 1 | $595,000 | $595,000 |
Blueharbor Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 23 | $8,795,000 | $382,391 |
| 6-7% | 21 | $15,225,000 | $725,000 |
| 5-6% | 6 | $2,010,000 | $335,000 |
| Over 8% | 4 | $1,090,000 | $272,500 |
During 2023, Blueharbor Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 23 originations.
Loan Sizing
2023 saw Blueharbor Bank place emphasis on $200k-400k loans with 20 originations, totaling $5,310,000 in origination value.
Applicant Income
Blueharbor Bank lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 33 | $17,855,000 | $541,061 | $0 | 7.35% |
| White | 31 | $12,385,000 | $399,516 | $3,582 | 6.89% |
Approval Rates
Total approvals of all applications90.48%
Blueharbor Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.81%
Blueharbor Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 64 | $30,240,000 | $472,500 |