Blair Services Of America Mortgage Rates, Fees & Info
BETHPAEG, NYLEI: 549300GNMONGVTFMXS97
Tax ID: 11-2998485
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.43% | 4/19/24 |
| 30 Year Conventional Purchase | 6.30% | 4/19/24 |
| 30 Year Conventional Refi | 6.50% | 4/19/24 |
| 30 Year Cash-out Refi | 6.27% | 4/19/24 |
| 30 Year FHA Purchase | 6.91% | 4/19/24 |
| 30 Year FHA Refi | 7.10% | 4/19/24 |
| 15 Year Conventional Refi | 6.55% | 4/19/24 |
| 15 Year Cash-out Refi | 6.55% | 4/19/24 |
| 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
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This is not an official calculator from Blair Services Of America. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
77Origination Dollar Volume (All Markets)
$43,395,000Relative 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% |
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
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
2023 saw Blair Services Of America place emphasis on $400k-600k loans with 39 originations, totaling $20,065,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.88%
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 origination83.12%
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 |