The Harvard State Bank Mortgage Rates, Fees & Info
Harvard, ILLEI: 549300TUISK0W7DE2464
Tax ID: 36-1197840
Latest/2024 | 2023 Data | 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 loans. The Harvard State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Rockford, Rochelle, and Freeport among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Harvard State 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
41Origination Dollar Volume (All Markets)
$10,755,000Top Markets
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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) | 20 | $4,830,000 | $241,500 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $3,915,000 | $559,286 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $10,755,000 | $262,317 | $0 | 0.00% |
For 2024, The Harvard State Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2024, The Harvard State Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $10,755,000 | $262,317 | $0 | 0.00% |
For 2024, The Harvard State Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2024 saw The Harvard State Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,535,000 in origination value.
Applicant Income
The Harvard State Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $10,755,000 | $262,317 | $0 | 0.00% |
The Harvard State Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.98%
The Harvard State Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.73%
The Harvard State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $10,755,000 | $262,317 |