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 and Refi loans. Allegent Community has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Erie, and Meadville among others. We have data for 3 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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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
202Origination Dollar Volume (All Markets)
$18,120,000Top 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) | 200 | $17,800,000 | $89,000 | $0 | 4.02% |
| ERIE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.85% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 201 | $18,085,000 | $89,975 | $0 | 4.03% |
| HELOC | 1 | $35,000 | $35,000 | n/a | 3.75% |
For 2022, Allegent Community's most frequently originated type of loan was Conventional, with 201 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2022, Allegent Community's most frequently cited loan purpose was Other, with 123 originations. The 2nd most popular reason was Home Improvement, with 40 originations.
Loan Duration/Length
For 2022, Allegent Community's most frequently cited loan duration was 20 Year, with 78 originations. The 2nd most popular length was 10 Year, with 41 originations.
Interest Rates
During 2022, Allegent Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.
Loan Sizing
2022 saw Allegent Community place emphasis on $100,000 or less loans with 137 originations, totaling $6,075,000 in origination value.
Applicant Income
Allegent Community lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $50k-75k, with 43 originations.
Applicant Debt to Income Ratio
Allegent Community lent most frequently to those with DTI ratios of <20%, with 89 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.79%
Allegent Community has a below average approval rate.
Pick Rate
Approvals leading to origination79.21%
Allegent Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 202 | $18,120,000 | $89,703 |