Har-co Credit Union Mortgage Rates, Fees & Info
Bel Air, MDLEI: 254900LSUA7OOX54X398
Tax ID: 52-0853115
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Mortgage Data
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 two markets are Baltimore and Salisbury .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.
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Originations
76Origination Dollar Volume (All Markets)
$20,320,000Top 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 |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 72 | $19,370,000 | $269,028 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $20,320,000 | $267,368 | $0 | 0.00% |
For 2019, Har-co Credit Union's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2019, Har-co Credit Union's most frequently cited loan purpose was Cash Out Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $20,320,000 | $267,368 | $0 | 0.00% |
For 2019, Har-co Credit Union's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2019 saw Har-co Credit Union place emphasis on $200k-400k loans with 49 originations, totaling $13,505,000 in origination value.
Applicant Income
Har-co Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $20,320,000 | $267,368 | $0 | 0.00% |
Har-co Credit Union lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.51%
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 origination90.79%
Har-co Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $20,320,000 | $267,368 |