Allegent Community Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 549300PYZVSM1PP3GI62
Tax ID: 25-0977919
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.53% | 4/28/24 |
| 15 Year Cash-out Refi | 5.53% | 4/28/24 |
| 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
192Origination Dollar Volume (All Markets)
$15,910,000Top 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) | 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% |
Their top states include:
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
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
2019 saw Allegent Community place emphasis on $100,000 or less loans with 134 originations, totaling $5,600,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications80.07%
Allegent Community has a below average approval rate.
Pick Rate
Approvals leading to origination78.65%
Allegent Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 192 | $15,910,000 | $82,865 |