Blair County Fcu Mortgage Rates, Fees & Info
Altoona, PALEI: 5493006B4YBR7ZSB3G86
Tax ID: 23-1520145
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Mortgage Data
Review & Overview
Blair County Fcu is a smaller credit union specializing in Home Improvement and Refi loans. Blair County Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Altoona, Johnstown, and Somerset among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Blair County Fcu has an above average approval rate when compared to the average across all lenders.
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Originations
25Origination Dollar Volume (All Markets)
$1,605,000Top 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 |
|---|---|---|---|---|---|
| ALTOONA, PA (FHA|USDA|VA) | 19 | $1,295,000 | $68,158 | $387 | 5.75% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $361 | 5.16% |
| Outside of Metro Areas | 2 | $110,000 | $55,000 | $333 | 5.24% |
| Somerset, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $468 | 4.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $1,605,000 | $64,200 | $383 | 5.61% |
For 2023, Blair County Fcu's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2023, Blair County Fcu's most frequently cited loan purpose was Home Improvement, with 13 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
For 2023, Blair County Fcu's most frequently cited loan duration was 10 Year, with 11 originations. The 2nd most popular length was 15 Year, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 10 | $640,000 | $64,000 |
| 5-6% | 7 | $575,000 | $82,143 |
| 6-7% | 6 | $350,000 | $58,333 |
| 3-4% | 2 | $40,000 | $20,000 |
During 2023, Blair County Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 10 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $925,000 | $48,684 | $379 | 5.57% |
| $100k-200k | 6 | $680,000 | $113,333 | $394 | 5.74% |
2023 saw Blair County Fcu place emphasis on $100,000 or less loans with 19 originations, totaling $925,000 in origination value.
Applicant Income
Blair County Fcu lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
Blair County Fcu lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $1,605,000 | $64,200 | $383 | 5.61% |
Approval Rates
Total approvals of all applications96.15%
Blair County Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $1,605,000 | $64,200 |