Hershey Mortgage Rates, Fees & Info
Hummelstown, PALEI: 549300FVHSR5J0LNLQ61
Tax ID: 23-1491457
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Mortgage Data
Review & Overview
Hershey is a smaller mortgage company specializing in Refi loans. Hershey has a high proportion of conventional loans. Their top markets by origination volume include: Lebanon, Harrisburg, Lancaster, Pottsville, and Reading among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Hershey 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. They typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.19% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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Originations
36Origination Dollar Volume (All Markets)
$2,440,000Top 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 |
|---|---|---|---|---|---|
| LEBANON, PA (FHA|USDA|VA) | 15 | $1,155,000 | $77,000 | $0 | 3.60% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 17 | $1,095,000 | $64,412 | $0 | 4.11% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 3.37% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| READING, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.24% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $2,440,000 | $67,778 | $0 | 3.84% |
For 2018, Hershey's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 24 | $1,930,000 | $80,417 | $0 | 3.80% |
| Home Improvement | 10 | $280,000 | $28,000 | $0 | 3.94% |
| Home Purchase | 2 | $230,000 | $115,000 | $0 | 3.87% |
For 2018, Hershey's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
For 2018, Hershey's most frequently cited loan duration was 15 Year, with 16 originations. The 2nd most popular length was 10 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 36 | $2,440,000 | $67,778 |
Hershey's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 36 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 15 | $1,215,000 | $81,000 |
| 4-5% | 14 | $860,000 | $61,429 |
| 2.5-3% | 4 | $200,000 | $50,000 |
| <2.5% | 1 | $115,000 | $115,000 |
| 5-6% | 1 | $25,000 | $25,000 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2018, Hershey's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 15 originations.
Loan Sizing
2018 saw Hershey place emphasis on $100,000 or less loans with 27 originations, totaling $1,145,000 in origination value.
Applicant Income
Hershey lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
Hershey lent most frequently to those with DTI ratios of <20%, with 14 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $2,440,000 | $67,778 | $0 | 3.84% |
Approval Rates
Total approvals of all applications91.11%
Hershey has an average approval rate.
Pick Rate
Approvals leading to origination91.67%
Hershey has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $230,000 | $115,000 |
| 1225.0 | 1 | $115,000 | $115,000 |
| 206.08 | 1 | $75,000 | $75,000 |
| 210.58 | 1 | $25,000 | $25,000 |
| 222.76 | 1 | $15,000 | $15,000 |
| 223.29 | 1 | $25,000 | $25,000 |
| 226.33 | 1 | $85,000 | $85,000 |
| 227.33 | 5 | $255,000 | $51,000 |
| 228.33 | 1 | $65,000 | $65,000 |
| 228.58 | 1 | $25,000 | $25,000 |
| 236.83 | 1 | $25,000 | $25,000 |
| 237.08 | 1 | $15,000 | $15,000 |
| 243.29 | 2 | $130,000 | $65,000 |
| 247.08 | 1 | $25,000 | $25,000 |
| 247.33 | 4 | $190,000 | $47,500 |
| 291.29 | 2 | $130,000 | $65,000 |
| 291.66 | 1 | $25,000 | $25,000 |
| 294.08 | 1 | $145,000 | $145,000 |
| 295.33 | 3 | $395,000 | $131,667 |
| 297.0 | 1 | $115,000 | $115,000 |
| 325.29 | 1 | $65,000 | $65,000 |
| 370.3 | 1 | $25,000 | $25,000 |
| 593.33 | 1 | $95,000 | $95,000 |
| 618.33 | 1 | $145,000 | $145,000 |