Blair Services Of America Mortgage Rates, Fees & Info

BETHPAEG, NY

LEI: 549300GNMONGVTFMXS97

Tax ID: 11-2998485

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Blair Services Of America is a smaller mortgage company specializing in Home Purchase loans. Blair Services Of America has a high proportion of conventional loans. They have a a high proportion of FHA 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 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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    Originations

    119

    Origination Dollar Volume (All Markets)

    $63,995,000

    Awards

    BLAIR SERVICES OF AMERICA FHA Loans silver
    Show all (1) awards

    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) 115 $63,155,000 $549,174 $18,569 4.88%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $630,000 $315,000 $10,225 4.99%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $210,000 $105,000 $6,652 5.31%
    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.

    RSI BANK
    Similarity Rank: 30
    Schuyler Savings Bank
    Similarity Rank: 51
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    N C P D Federal Credit Union
    Similarity Rank: 201
    Nassau Educators Federal Credit Union
    Similarity Rank: 481
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 540
    Ridgewood Savings Bank
    Similarity Rank: 644
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 664
    Bogota Savings Bank
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $35,330,000 $504,714 $14,011 5.08%
    FHA 48 $28,160,000 $586,667 $24,370 4.63%
    HELOC 1 $505,000 $505,000 n/a 3.99%

    For 2022, Blair Services Of America's most frequently originated type of loan was Conventional, with 70 originations. Their 2nd most popular type was FHA, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 106 $58,760,000 $554,340 $18,608 4.90%
    Refi 13 $5,235,000 $402,692 $15,135 4.76%

    For 2022, Blair Services Of America's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 118 $63,880,000 $541,356 $18,314 4.89%
    15 Year 1 $115,000 $115,000 $7,877 4.50%

    For 2022, Blair Services Of America's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 78 $43,100,000 $552,564
    $2k-3k 25 $13,835,000 $553,400
    $<1k 4 $1,890,000 $472,500
    $1k-2k 4 $2,490,000 $622,500
    $4k-5k 4 $1,590,000 $397,500
    $3k-4k 3 $585,000 $195,000

    Blair Services Of America's average total fees were $18,314, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 78 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 40 $21,080,000 $527,000
    3-4% 31 $16,705,000 $538,871
    5-6% 31 $16,835,000 $543,065
    6-7% 17 $9,375,000 $551,471

    During 2022, Blair Services Of America's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 76 $40,190,000 $528,816 $18,207 4.84%
    $600k-1MM 28 $18,920,000 $675,714 $21,209 5.05%
    $200k-400k 11 $3,475,000 $315,909 $10,630 4.74%
    $100k-200k 3 $325,000 $108,333 $7,061 5.04%
    $1MM+ 1 $1,085,000 $1,085,000 $53,046 4.99%

    2022 saw Blair Services Of America place emphasis on $400k-600k loans with 76 originations, totaling $40,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $30,520,000 $545,000 $20,090 4.75%
    $150k-250k 32 $19,380,000 $605,625 $19,538 5.09%
    $75k-100k 22 $10,410,000 $473,182 $13,490 4.82%
    $250k+ 4 $2,480,000 $620,000 $16,922 5.50%
    $50k-75k 4 $1,100,000 $275,000 $12,095 4.69%
    $50k or less 1 $105,000 $105,000 $7,023 5.99%

    Blair Services Of America lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $150k-250k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 19 $10,775,000 $567,105 $20,981 4.91%
    45% 9 $4,295,000 $477,222 $14,485 4.91%
    30-36% 9 $4,335,000 $481,667 $13,649 4.88%
    20-30% 8 $4,500,000 $562,500 $14,702 4.47%
    40% 8 $4,210,000 $526,250 $16,086 4.93%
    48% 8 $4,590,000 $573,750 $18,043 5.03%
    49% 8 $4,650,000 $581,250 $20,268 5.34%
    44% 7 $3,485,000 $497,857 $16,021 5.49%
    39% 7 $4,455,000 $636,429 $17,182 4.43%
    46% 6 $2,870,000 $478,333 $14,863 4.12%
    42% 6 $3,220,000 $536,667 $14,540 5.08%
    43% 6 $2,900,000 $483,333 $17,642 4.88%
    38% 5 $2,165,000 $433,000 $12,218 4.45%
    47% 5 $2,925,000 $585,000 $49,529 4.93%
    37% 4 $2,360,000 $590,000 $14,779 4.53%
    41% 3 $1,625,000 $541,667 $20,276 6.08%
    36% 1 $635,000 $635,000 $14,782 4.99%

    Blair Services Of America lent most frequently to those with DTI ratios of 50-60%, with 19 originations. The next most common DTI ratio? 45%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 79 $41,465,000 $524,873 $16,638 4.97%
    Black 31 $18,145,000 $585,323 $17,482 4.81%
    White 9 $4,385,000 $487,222 $34,540 4.43%

    Approval Rates

    Total approvals of all applications
    95.78%

    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
    66.39%

    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 119 $63,995,000 $537,773

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    119 $63,995,000 $537,773

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $835,000 $278,333 $12,817 4.58%
    40-60% 4 $1,690,000 $422,500 $12,166 5.53%
    60-80% 33 $16,685,000 $505,606 $15,545 5.09%
    80-100% 78 $44,670,000 $572,692 $19,976 4.79%
    Under 20% 1 $115,000 $115,000 $7,877 4.50%