Blair Services Of America Mortgage Rates, Fees & Info

BETHPAEG, NY

LEI: 549300GNMONGVTFMXS97

Tax ID: 11-2998485

1 stars - out of 5 stars, based on 14 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Blair Services Of America is a smaller mortgage company specializing in Home Purchase and Refi loans. Blair Services Of America has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets include New York, Poughkeepsie, and Kingston among others. Blair Services Of America has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Blair Services Of America is typically a high fee lendor.


Originations

184

Origination Dollar Volume (All Markets)

$90,480,000

Relative Rate

Blair Services Of America 's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Blair Services Of America 's average total fees for a 30 year fixed rate mortgage are $12,332.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 177 $88,415,000 $499,520 $12,288 3.06%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,670,000 $278,333 $7,149 3.04%
KINGSTON, NY (FHA|USDA|VA) 1 $395,000 $395,000 $6,503 2.99%

Blair Services Of America 's top markets include New York, Poughkeepsie, and Kingston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 127 $58,465,000 $460,354 $8,392 3.08%
FHA 57 $32,015,000 $561,667 $20,190 3.02%

For the 2021 period, Blair Services Of America 's most frequently originated loan type of loans were Conventional, with 127 originations. Their 2nd most popular type is FHA, with 57 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 111 $58,305,000 $525,270 $14,593 3.08%
Refi 72 $31,800,000 $441,667 $8,289 3.04%
Cash Out Refi 1 $375,000 $375,000 $12,293 3.00%

For the 2021, Blair Services Of America 's most frequently cited loan purpose of loans were Home Purchase, with 111 originations. The 2nd most popular reason of loans were Refi, with 72 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 177 $88,225,000 $498,446 $12,332 3.08%
15 Year 4 $1,030,000 $257,500 $3,869 2.47%
20 Year 3 $1,225,000 $408,333 $8,753 2.91%

For the 2021, Blair Services Of America 's most frequently cited loan length of loans were 30 Year, with 177 originations. The 2nd most popular length of loans were 15 Year, with 4 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 81 $40,195,000 $496,235
$5k+ 51 $26,985,000 $529,118
$<1k 33 $14,815,000 $448,939
$3k-4k 10 $4,080,000 $408,000
$1k-2k 7 $3,245,000 $463,571

$12,332 of loans were Blair Services Of America 's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 81 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 97 $44,185,000 $455,515
3-4% 78 $42,360,000 $543,077
<2.5% 8 $3,510,000 $438,750
4-5% 1 $425,000 $425,000

During 2021, Blair Services Of America 's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 2.5-3%, with 97 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 99 $48,835,000 $493,283 $12,462 3.08%
$200k-400k 46 $14,970,000 $325,435 $7,260 2.96%
$600k-1MM 37 $26,315,000 $711,216 $17,630 3.15%
$100k-200k 2 $360,000 $180,000 $4,950 2.88%

2021 saw Blair Services Of America place emphasis on $400k-600k loans with 99 originations, totaling $48,835,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 84 $44,880,000 $534,286 $13,002 3.05%
$75k-100k 41 $18,695,000 $455,976 $11,041 3.10%
$150k-250k 34 $17,890,000 $526,176 $13,797 3.10%
$50k-75k 19 $6,735,000 $354,474 $8,553 2.99%
$50k or less 4 $970,000 $242,500 $4,455 2.87%
$250k+ 2 $1,310,000 $655,000 $15,171 3.31%

Blair Services Of America lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $75k-100k, with 41 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 30 $14,780,000 $492,667 $11,254 3.10%
50-60% 26 $14,000,000 $538,462 $20,656 2.97%
20-30% 13 $5,295,000 $407,308 $8,144 2.93%
39% 11 $6,165,000 $560,455 $12,258 3.29%
45% 11 $5,785,000 $525,909 $14,082 3.20%
42% 10 $4,900,000 $490,000 $10,563 2.97%
44% 10 $5,520,000 $552,000 $13,670 3.07%
36% 9 $4,335,000 $481,667 $7,955 3.05%
47% 9 $4,285,000 $476,111 $13,477 3.11%
48% 8 $3,680,000 $460,000 $8,357 3.06%
41% 8 $3,720,000 $465,000 $8,529 3.01%
40% 7 $3,865,000 $552,143 $8,973 3.07%
43% 7 $3,145,000 $449,286 $7,530 3.01%
37% 7 $3,185,000 $455,000 $11,768 2.96%
46% 7 $3,115,000 $445,000 $9,517 3.19%
49% 4 $1,880,000 $470,000 $7,427 3.13%
38% 4 $1,740,000 $435,000 $16,380 3.12%
<20% 3 $1,085,000 $361,667 $6,733 2.83%

Blair Services Of America lent most frequently to those with DTI ratios of 30-36%, with 30 originations. The next most common DTI ratio? 50-60%, with 26 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 115 $56,865,000 $494,478 $11,233 3.09%
Black 46 $23,290,000 $506,304 $15,507 3.04%
White 23 $10,325,000 $448,913 $9,358 2.99%

Approval Rates

Total approvals of all applications
93.97%

Blair Services Of America has an average approval rate.

Pick Rate

Approvals leading to origination
72.30%

Blair Services Of America has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 184 $90,480,000 $491,739

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
184 $90,480,000 $491,739

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 8 $2,430,000 $303,750 $7,858 2.89%
40-60% 30 $10,790,000 $359,667 $6,716 2.98%
60-80% 58 $29,260,000 $504,483 $9,759 3.13%
80-100% 87 $47,525,000 $546,264 $15,308 3.06%
Over 100% 1 $475,000 $475,000 $57,131 3.25%