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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are New York and Poughkeepsie .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 about average 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% | 11/17/24 |
| 30 Year Conventional Purchase | 6.30% | 11/17/24 |
| 30 Year Conventional Refi | 6.50% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 6.91% | 11/17/24 |
| 30 Year FHA Refi | 7.10% | 11/17/24 |
| 15 Year Conventional Refi | 6.55% | 11/17/24 |
| 15 Year Cash-out Refi | 6.55% | 11/17/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
130Origination Dollar Volume (All Markets)
$58,980,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 127 | $58,075,000 | $457,283 | $14,370 | 4.72% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $10,259 | 4.75% |
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
For 2018, Blair Services Of America's most frequently originated type of loan was FHA, with 83 originations. Their 2nd most popular type was Conventional, with 45 originations.
Loan Reason
For 2018, Blair Services Of America's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 129 | $58,715,000 | $455,155 | $14,266 | 4.72% |
| 15 Year | 1 | $265,000 | $265,000 | $0 | 4.75% |
For 2018, Blair Services Of America's most frequently cited loan duration was 30 Year, with 129 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Blair Services Of America's average total fees were $14,266, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 51 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 107 | $47,805,000 | $446,776 |
| 5-6% | 17 | $8,505,000 | $500,294 |
| 3-4% | 6 | $2,670,000 | $445,000 |
During 2018, Blair Services Of America's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 107 originations.
Loan Sizing
2018 saw Blair Services Of America place emphasis on $400k-600k loans with 68 originations, totaling $33,160,000 in origination value.
Applicant Income
Blair Services Of America lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
Blair Services Of America lent most frequently to those with DTI ratios of >60%, with 33 originations. The next most common DTI ratio? 50-60%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.86%
Blair Services Of America has an average approval rate.
Pick Rate
Approvals leading to origination70.00%
Blair Services Of America has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 130 | $58,980,000 | $453,692 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 130 | $58,980,000 | $453,692 |