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 Cash Out Refi and Home Purchase loans. Har-co Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Philadelphia, York, and Salisbury among others. We have data for 4 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 an above 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

    72

    Origination Dollar Volume (All Markets)

    $15,130,000

    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) 62 $13,390,000 $215,968 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $595,000 $119,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
    Har-co Credit Union's top markets include Baltimore, Philadelphia, York, and Salisbury among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $15,130,000 $210,139 $0 0.00%

    For 2018, Har-co Credit Union's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 40 $9,050,000 $226,250 $0 0.00%
    Home Purchase 21 $4,085,000 $194,524 $0 0.00%
    Refi 11 $1,995,000 $181,364 $0 0.00%

    For 2018, Har-co Credit Union's most frequently cited loan purpose was Cash Out Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $15,130,000 $210,139 $0 0.00%

    For 2018, Har-co Credit Union's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $7,930,000 $264,333 $0 0.00%
    $100k-200k 28 $4,150,000 $148,214 $0 0.00%
    $100,000 or less 9 $725,000 $80,556 $0 0.00%
    $400k-600k 5 $2,325,000 $465,000 $0 0.00%

    2018 saw Har-co Credit Union place emphasis on $200k-400k loans with 30 originations, totaling $7,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $5,670,000 $236,250 $0 0.00%
    $150k-250k 13 $3,435,000 $264,231 $0 0.00%
    $50k-75k 12 $2,020,000 $168,333 $0 0.00%
    $50k or less 11 $1,235,000 $112,273 $0 0.00%
    $75k-100k 11 $2,575,000 $234,091 $0 0.00%

    Har-co Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $13,475,000 $207,308 $0 0.00%
    Not provided 5 $1,365,000 $273,000 $0 0.00%
    Black 1 $165,000 $165,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.40%

    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
    95.83%

    Har-co Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 72 $15,130,000 $210,139

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 72 $15,130,000 $210,139