Har-co Credit Union Mortgage Rates, Fees & Info

Bel Air, MD

LEI: 254900LSUA7OOX54X398

Tax ID: 52-0853115

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Har-co Credit Union is a smaller credit union specializing in Home Purchase loans. Har-co Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Salisbury, Philadelphia, York, and Lancaster among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Har-co Credit Union 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.

    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

    63

    Origination Dollar Volume (All Markets)

    $18,725,000

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 54 $15,490,000 $286,852 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $1,455,000 $485,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $710,000 $355,000 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Har-co Credit Union's top markets include Baltimore, Salisbury, Philadelphia, York, and Lancaster among others.

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $18,725,000 $297,222 $0 0.00%

    For 2023, Har-co Credit Union's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $16,190,000 $404,750 $0 0.00%
    Home Improvement 8 $750,000 $93,750 $0 0.00%
    Cash Out Refi 8 $910,000 $113,750 $0 0.00%
    Other 4 $310,000 $77,500 $0 0.00%
    Refi 3 $565,000 $188,333 $0 0.00%

    For 2023, Har-co Credit Union's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Home Improvement, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $18,725,000 $297,222 $0 0.00%

    For 2023, Har-co Credit Union's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $6,125,000 $291,667 $0 0.00%
    $100,000 or less 16 $1,210,000 $75,625 $0 0.00%
    $100k-200k 14 $1,950,000 $139,286 $0 0.00%
    $400k-600k 8 $3,750,000 $468,750 $0 0.00%
    $600k-1MM 3 $2,125,000 $708,333 $0 0.00%
    $1MM+ 1 $3,565,000 $3,565,000 $0 0.00%

    2023 saw Har-co Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $6,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $5,525,000 $263,095 $0 0.00%
    $100k-150k 17 $4,635,000 $272,647 $0 0.00%
    $75k-100k 9 $1,465,000 $162,778 $0 0.00%
    $50k-75k 7 $1,115,000 $159,286 $0 0.00%
    $250k+ 4 $1,810,000 $452,500 $0 0.00%
    $50k or less 3 $335,000 $111,667 $0 0.00%

    Har-co Credit Union lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $18,725,000 $297,222 $0 0.00%

    Har-co Credit Union lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $13,085,000 $246,887 $0 0.00%
    Not applicable 2 $3,840,000 $1,920,000 $0 0.00%
    Not provided 5 $1,085,000 $217,000 $0 0.00%
    Black 3 $715,000 $238,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.05%

    Har-co Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.13%

    Har-co Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $18,725,000 $297,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    63 $18,725,000 $297,222