The Harvard State Bank Mortgage Rates, Fees & Info

Harvard, IL

LEI: 549300TUISK0W7DE2464

Tax ID: 36-1197840

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

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Mortgage Data

Review & Overview

The Harvard State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Harvard State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Naples, Rockford, and Cape Coral among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Harvard State 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.

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.

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Originations

46

Origination Dollar Volume (All Markets)

$16,040,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $10,310,000 $429,583 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 7 $3,015,000 $430,714 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $825,000 $825,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 5 $555,000 $111,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Rochelle, IL (FHA|USDA|VA) 3 $415,000 $138,333 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $195,000 $65,000 $0 0.00%
Dixon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
The Harvard State Bank's top markets include Chicago, Whitewater, Naples, Rockford, and Cape Coral among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    First Savings Bank of Hegewisch
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    CNB Bank And Trust, N.A.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $16,040,000 $348,696 $0 0.00%

    For 2023, The Harvard State Bank's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $9,135,000 $315,000 $0 0.00%
    Refi 11 $6,035,000 $548,636 $0 0.00%
    Cash Out Refi 3 $285,000 $95,000 $0 0.00%
    Home Improvement 2 $550,000 $275,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2023, The Harvard State Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $16,040,000 $348,696 $0 0.00%

    For 2023, The Harvard State Bank's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,060,000 $290,000 $0 0.00%
    $100k-200k 12 $1,630,000 $135,833 $0 0.00%
    $100,000 or less 8 $520,000 $65,000 $0 0.00%
    $400k-600k 6 $2,820,000 $470,000 $0 0.00%
    $1MM+ 4 $5,360,000 $1,340,000 $0 0.00%
    $600k-1MM 2 $1,650,000 $825,000 $0 0.00%

    2023 saw The Harvard State Bank place emphasis on $200k-400k loans with 14 originations, totaling $4,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $6,805,000 $618,636 $0 0.00%
    $150k-250k 7 $1,765,000 $252,143 $0 0.00%
    $50k or less 5 $555,000 $111,000 $0 0.00%
    $100k-150k 4 $1,210,000 $302,500 $0 0.00%
    $50k-75k 4 $440,000 $110,000 $0 0.00%
    $75k-100k 3 $485,000 $161,667 $0 0.00%

    The Harvard State Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $16,040,000 $348,696 $0 0.00%

    The Harvard State Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $11,260,000 $331,176 $0 0.00%
    Not applicable 12 $4,780,000 $398,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.48%

    The Harvard State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.78%

    The Harvard State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $16,040,000 $348,696

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $16,040,000 $348,696