Blair Services Of America Mortgage Rates, Fees & Info

BETHPAEG, NY

LEI: 549300GNMONGVTFMXS97

Tax ID: 11-2998485

1 stars - Updated: 7/20/24 - out of 5 stars, based on 9 reviews

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Mortgage Data

Review & Overview

Blair Services Of America is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Blair Services Of America has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, and Albany among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Blair Services Of America has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Blair Services Of America is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.43% 7/20/24
30 Year Conventional Purchase 6.30% 7/20/24
30 Year Conventional Refi 6.50% 7/20/24
30 Year Cash-out Refi 6.27% 7/20/24
30 Year FHA Purchase 6.91% 7/20/24
30 Year FHA Refi 7.10% 7/20/24
15 Year Conventional Refi 6.55% 7/20/24
15 Year Cash-out Refi 6.55% 7/20/24
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.

Blair Services Of America Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Blair Services Of America. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

77

Origination Dollar Volume (All Markets)

$43,395,000

Relative Rate

Blair Services Of America's average 30 year fixed mortgage rate was 6.44%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.04%.

Relative Fees (Closing Costs)

Blair Services Of America's average total fees/closing costs for a 30 year fixed rate mortgage were $20,758.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 72 $41,600,000 $577,778 $20,881 6.42%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $1,550,000 $387,500 $18,507 6.62%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $245,000 $245,000 $7,727 6.63%
Blair Services Of America's top markets include New York, Poughkeepsie, and Albany among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BLAIR SERVICES OF AMERICA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 46 $27,210,000 $591,522 $24,130 6.36%
    Conventional 30 $15,300,000 $510,000 $15,145 6.54%
    HELOC 1 $885,000 $885,000 n/a 6.88%

    For 2023, Blair Services Of America's most frequently originated type of loan was FHA, with 46 originations. Their 2nd most popular type was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $40,575,000 $571,479 $20,382 6.42%
    Refi 6 $2,820,000 $470,000 $22,928 6.58%

    For 2023, Blair Services Of America's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 76 $43,220,000 $568,684 $20,758 6.44%
    20 Year 1 $175,000 $175,000 $7,461 5.99%

    For 2023, Blair Services Of America's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was 20 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 58 $32,880,000 $566,897
    $2k-3k 9 $5,125,000 $569,444
    $<1k 5 $2,835,000 $567,000
    $4k-5k 2 $380,000 $190,000
    $1k-2k 1 $605,000 $605,000
    $3k-4k 1 $685,000 $685,000

    Blair Services Of America's average total fees were $20,758, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 58 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 48 $26,580,000 $553,750
    5-6% 20 $11,800,000 $590,000
    7-8% 9 $5,015,000 $557,222

    During 2023, Blair Services Of America's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 6-7%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 39 $20,065,000 $514,487 $18,503 6.49%
    $600k-1MM 28 $19,700,000 $703,571 $25,041 6.34%
    $200k-400k 7 $2,185,000 $312,143 $13,325 6.59%
    $100k-200k 2 $340,000 $170,000 $10,032 6.31%
    $1MM+ 1 $1,105,000 $1,105,000 $53,270 6.25%

    2023 saw Blair Services Of America place emphasis on $400k-600k loans with 39 originations, totaling $20,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $16,525,000 $472,143 $17,550 6.41%
    $150k-250k 35 $22,525,000 $643,571 $23,173 6.41%
    $250k+ 6 $4,020,000 $670,000 $24,906 6.75%
    $75k-100k 1 $325,000 $325,000 $12,765 6.38%

    Blair Services Of America lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $150k-250k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 16 $10,200,000 $637,500 $25,645 6.71%
    49% 9 $5,855,000 $650,556 $20,465 6.37%
    30-36% 8 $3,480,000 $435,000 $14,126 6.51%
    45% 7 $3,655,000 $522,143 $15,892 6.87%
    39% 5 $2,915,000 $583,000 $21,228 6.05%
    41% 4 $2,150,000 $537,500 $16,164 6.34%
    44% 4 $2,840,000 $710,000 $27,848 5.94%
    47% 4 $2,460,000 $615,000 $22,055 6.34%
    48% 4 $2,260,000 $565,000 $22,266 6.47%
    36% 3 $1,485,000 $495,000 $20,487 6.54%
    38% 3 $1,815,000 $605,000 $22,438 6.00%
    43% 2 $720,000 $360,000 $16,515 5.81%
    40% 2 $850,000 $425,000 $16,322 6.19%
    37% 2 $980,000 $490,000 $18,336 6.19%
    42% 1 $435,000 $435,000 $24,759 6.63%
    20-30% 1 $165,000 $165,000 $12,603 6.63%
    <20% 1 $545,000 $545,000 $18,254 6.13%
    46% 1 $585,000 $585,000 $19,838 6.63%

    Blair Services Of America lent most frequently to those with DTI ratios of 50-60%, with 16 originations. The next most common DTI ratio? 49%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 53 $29,855,000 $563,302 $20,520 6.38%
    Black 21 $11,995,000 $571,190 $21,869 6.55%
    White 3 $1,545,000 $515,000 $12,688 6.63%

    Approval Rates

    Total approvals of all applications
    96.88%

    Blair Services Of America 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
    83.12%

    Blair Services Of America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 77 $43,395,000 $563,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    77 $43,395,000 $563,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $380,000 $190,000 $8,552 6.49%
    40-60% 5 $2,065,000 $413,000 $19,526 6.82%
    60-80% 8 $4,430,000 $553,750 $18,715 6.53%
    80-100% 62 $36,520,000 $589,032 $21,310 6.39%