Har-co Credit Union Mortgage Rates, Fees & Info
Bel Air, MDLEI: 254900LSUA7OOX54X398
Tax ID: 52-0853115
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 York .Har-co Credit Union 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.
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Originations
22Origination Dollar Volume (All Markets)
$6,800,000Top 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) | 20 | $6,230,000 | $311,500 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $6,800,000 | $309,091 | $0 | 0.00% |
For 2021, Har-co Credit Union's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2021, Har-co Credit Union's most frequently cited loan purpose was Cash Out Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $6,800,000 | $309,091 | $0 | 0.00% |
For 2021, Har-co Credit Union's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
2021 saw Har-co Credit Union place emphasis on $200k-400k loans with 10 originations, totaling $2,970,000 in origination value.
Applicant Income
Har-co Credit Union lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $6,800,000 | $309,091 | $0 | 0.00% |
Har-co Credit Union lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.84%
Har-co Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination50.00%
Har-co Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $6,800,000 | $309,091 |