Allegent Community Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 549300PYZVSM1PP3GI62
Tax ID: 25-0977919
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Allegent Community is a smaller mortgage company specializing in Other, Refi, and Cash Out Refi loans. Allegent Community has a high proportion of conventional loans. Allegent Community has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.Allegent Community has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.53% | 4/21/24 |
| 15 Year Cash-out Refi | 5.53% | 4/21/24 |
| 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. | ||
Allegent Community Mortgage Calculator
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Originations
193Origination Dollar Volume (All Markets)
$16,475,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 191 | $16,195,000 | $84,791 | $267 | 6.47% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $0 | 6.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $11,185,000 | $67,788 | $267 | 6.48% |
| Conventional | 27 | $5,255,000 | $194,630 | $0 | 0.00% |
| HELOC | 1 | $35,000 | $35,000 | n/a | 4.99% |
For 2023, Allegent Community's most frequently originated type of loan was Conventional, with 165 originations. Their 2nd most popular type was Conventional, with 27 originations.
Loan Reason
For 2023, Allegent Community's most frequently cited loan purpose was Other, with 117 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
For 2023, Allegent Community's most frequently cited loan duration was Other, with 47 originations. The 2nd most popular length was 15 Year, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 61 | $3,635,000 | $59,590 |
| 4-5% | 32 | $2,980,000 | $93,125 |
| 7-8% | 32 | $2,210,000 | $69,063 |
| 5-6% | 23 | $985,000 | $42,826 |
| Over 8% | 12 | $580,000 | $48,333 |
During 2023, Allegent Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 61 originations.
Loan Sizing
2023 saw Allegent Community place emphasis on $100,000 or less loans with 144 originations, totaling $6,780,000 in origination value.
Applicant Income
Allegent Community lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
Allegent Community lent most frequently to those with DTI ratios of <20%, with 62 originations. The next most common DTI ratio? 20-30%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.65%
Allegent Community has a below average approval rate.
Pick Rate
Approvals leading to origination86.01%
Allegent Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $5,255,000 | $194,630 |
| NA | 166 | $11,220,000 | $67,590 |