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 (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% | 12/17/24 |
| 15 Year Cash-out Refi | 5.53% | 12/17/24 |
| 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. | ||
Allegent Community Mortgage Calculator
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Originations
119Origination Dollar Volume (All Markets)
$12,255,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 119 | $12,255,000 | $102,983 | $150 | 3.84% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $12,255,000 | $102,983 | $150 | 3.84% |
For 2020, Allegent Community's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2020, Allegent Community's most frequently cited loan purpose was Other, with 71 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
For 2020, Allegent Community's most frequently cited loan duration was 20 Year, with 48 originations. The 2nd most popular length was 10 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 18 | $2,500,000 | $138,889 |
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 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 95 | $10,635,000 | $111,947 |
| 4-5% | 14 | $1,250,000 | $89,286 |
| 5-6% | 8 | $310,000 | $38,750 |
| 6-7% | 1 | $25,000 | $25,000 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2020, Allegent Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 95 originations.
Loan Sizing
2020 saw Allegent Community place emphasis on $100,000 or less loans with 75 originations, totaling $3,845,000 in origination value.
Applicant Income
Allegent Community lent most frequently to those with incomes in the $75k-100k range, with 30 originations. The second most popular income band? $50k-75k, with 25 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 39 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.53%
Allegent Community has a below average approval rate.
Pick Rate
Approvals leading to origination72.27%
Allegent Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 119 | $12,255,000 | $102,983 |