Allegent Community Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 549300PYZVSM1PP3GI62

Tax ID: 25-0977919

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
  • 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

    Allegent Community is a smaller mortgage company specializing in Other and Refi loans. Allegent Community has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Meadville, and Youngstown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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

    192

    Origination Dollar Volume (All Markets)

    $15,910,000

    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
    PITTSBURGH, PA (FHA|USDA|VA) 188 $15,360,000 $81,702 $129 4.43%
    Outside of Metro Areas 2 $360,000 $180,000 $0 4.11%
    Meadville, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.04%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.35%
    Allegent Community's top markets include Pittsburgh, Meadville, and Youngstown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $15,910,000 $82,865 $129 4.42%

    For 2019, Allegent Community's most frequently originated type of loan was Conventional, with 192 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 107 $8,105,000 $75,748 $138 4.55%
    Refi 61 $6,815,000 $111,721 $122 4.14%
    Home Improvement 24 $990,000 $41,250 $108 4.54%

    For 2019, Allegent Community's most frequently cited loan purpose was Other, with 107 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 60 $8,510,000 $141,833 $108 4.35%
    5 Year 55 $1,875,000 $34,091 $133 4.22%
    15 Year 33 $3,135,000 $95,000 $122 4.13%
    Other 24 $1,430,000 $59,583 $0 4.97%
    10 Year 18 $900,000 $50,000 $150 5.01%
    3 Year 2 $60,000 $30,000 $0 4.43%

    For 2019, Allegent Community's most frequently cited loan duration was 20 Year, with 60 originations. The 2nd most popular length was 5 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $2,980,000 $149,000

    Allegent Community's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $7,225,000 $87,048
    4-5% 69 $6,445,000 $93,406
    5-6% 20 $1,070,000 $53,500
    6-7% 18 $960,000 $53,333
    % 1 $35,000 $35,000

    During 2019, Allegent Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 134 $5,600,000 $41,791 $129 4.56%
    $100k-200k 43 $6,105,000 $141,977 $129 4.14%
    $200k-400k 14 $3,600,000 $257,143 $0 3.99%
    $600k-1MM 1 $605,000 $605,000 $0 3.25%

    2019 saw Allegent Community place emphasis on $100,000 or less loans with 134 originations, totaling $5,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 53 $3,455,000 $65,189 $150 4.37%
    $75k-100k 40 $2,830,000 $70,750 $129 4.71%
    $50k or less 35 $1,675,000 $47,857 $129 4.18%
    $100k-150k 34 $3,030,000 $89,118 $150 4.48%
    $150k-250k 22 $3,030,000 $137,727 $122 4.48%
    $250k+ 4 $1,540,000 $385,000 $0 3.49%

    Allegent Community lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 81 $7,155,000 $88,333 $138 4.22%
    20-30% 63 $5,085,000 $80,714 $108 4.53%
    30-36% 24 $2,100,000 $87,500 $108 4.67%
    42% 4 $210,000 $52,500 $150 4.27%
    36% 3 $275,000 $91,667 $0 5.39%
    37% 3 $75,000 $25,000 $0 4.97%
    39% 2 $160,000 $80,000 $0 5.71%
    38% 2 $220,000 $110,000 $0 4.18%
    41% 2 $110,000 $55,000 $0 3.99%
    40% 1 $25,000 $25,000 $0 3.99%
    46% 1 $45,000 $45,000 $0 3.25%
    47% 1 $175,000 $175,000 $0 0.00%
    48% 1 $75,000 $75,000 $0 4.95%

    Allegent Community lent most frequently to those with DTI ratios of <20%, with 81 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $13,975,000 $87,893 $122 4.40%
    Black 29 $1,785,000 $61,552 $150 4.37%
    Not applicable 2 $90,000 $45,000 $0 5.78%
    Other Pacific Islander 1 $35,000 $35,000 $0 6.10%
    Not provided 1 $25,000 $25,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    80.07%

    Allegent Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.65%

    Allegent Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 192 $15,910,000 $82,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 192 $15,910,000 $82,865

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $2,365,000 $46,373 $140 4.84%
    40-60% 24 $2,210,000 $92,083 $122 3.95%
    60-80% 36 $4,990,000 $138,611 $150 4.08%
    80-100% 28 $4,830,000 $172,500 $0 4.16%
    Under 20% 52 $1,340,000 $25,769 $119 4.59%