Blueharbor Bank Mortgage Rates, Fees & Info
Mooresville, NCLEI: 549300MW4XR7DUGZXU81
Tax ID: 26-1665679
Latest/2024 | 2023 Data | 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, Hickory, Myrtle Beach, Forest City, and Fayetteville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Blueharbor 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
69Origination Dollar Volume (All Markets)
$30,385,000Top 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) | 46 | $22,570,000 | $490,652 | $5,864 | 7.21% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 7 | $2,445,000 | $349,286 | $0 | 7.41% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $3,648 | 7.13% |
| Outside of Metro Areas | 3 | $855,000 | $285,000 | $5,207 | 7.21% |
| Forest City, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,453 | 7.37% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,579 | 7.13% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,410 | 6.29% |
| Marion, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,430 | 6.99% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.95% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,238 | 6.69% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $30,385,000 | $440,362 | $5,509 | 7.21% |
For 2024, Blueharbor Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2024, Blueharbor Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $30,385,000 | $440,362 | $5,509 | 7.21% |
For 2024, Blueharbor Bank's most frequently cited loan duration was Other, with 69 originations.
Origination Fees/Closing Costs
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 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 35 | $12,625,000 | $360,714 |
| 6-7% | 30 | $13,330,000 | $444,333 |
| Over 8% | 3 | $2,025,000 | $675,000 |
| 5-6% | 1 | $2,405,000 | $2,405,000 |
During 2024, Blueharbor Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 35 originations.
Loan Sizing
2024 saw Blueharbor Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,775,000 in origination value.
Applicant Income
Blueharbor Bank lent most frequently to those with incomes in the $250k+ range, with 25 originations. The second most popular income band? $100k-150k, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.76%
Blueharbor Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.51%
Blueharbor Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 69 | $30,385,000 | $440,362 |