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 Refi and Cash Out Refi loans. Allegent Community has a high proportion of conventional loans. Their top two markets are Pittsburgh and New Castle .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
148Origination Dollar Volume (All Markets)
$15,080,000Top 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) | 147 | $14,995,000 | $102,007 | $150 | 3.32% |
| New Castle, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $14,835,000 | $100,918 | $150 | 3.32% |
| HELOC | 1 | $245,000 | $245,000 | n/a | 2.50% |
For 2021, Allegent Community's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2021, Allegent Community's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Improvement, with 38 originations.
Loan Duration/Length
For 2021, Allegent Community's most frequently cited loan duration was 20 Year, with 49 originations. The 2nd most popular length was 10 Year, with 31 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $390,000 | $195,000 |
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 2 originations.
Interest Rates
During 2021, Allegent Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 60 originations.
Loan Sizing
2021 saw Allegent Community place emphasis on $100,000 or less loans with 92 originations, totaling $4,280,000 in origination value.
Applicant Income
Allegent Community lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k or less, with 35 originations.
Applicant Debt to Income Ratio
Allegent Community lent most frequently to those with DTI ratios of <20%, with 61 originations. The next most common DTI ratio? 20-30%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 123 | $13,785,000 | $112,073 | $150 | 3.28% |
| Black | 24 | $1,260,000 | $52,500 | $0 | 3.50% |
| Asian | 1 | $35,000 | $35,000 | $0 | 2.50% |
Approval Rates
Total approvals of all applications81.82%
Allegent Community has a below average approval rate.
Pick Rate
Approvals leading to origination78.38%
Allegent Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 148 | $15,080,000 | $101,892 |