Bhcu Mortgage Rates, Fees & Info

Ridley Park, PA

LEI: 549300RMEQJVNY2YH756

Tax ID: 23-1417551

5 stars - Updated: 6/16/24 - out of 5 stars, based on 12 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bhcu is a smaller mortgage company specializing in Cash Out Refi and Other loans. Bhcu has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Allentown, North Port, and Salisbury among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bhcu has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bhcu is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.55% 6/16/24
30 Year Conventional Refi 7.23% 6/16/24
30 Year Cash-out Refi 6.62% 6/16/24
15 Year Conventional Purchase 6.04% 6/16/24
15 Year Conventional Refi 5.79% 6/16/24
15 Year Cash-out Refi 5.79% 6/16/24
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.

Bhcu Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bhcu. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

146

Origination Dollar Volume (All Markets)

$27,330,000

Relative Rate

Bhcu's average 30 year fixed mortgage rate was 6.67%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

Bhcu's average total fees/closing costs for a 30 year fixed rate mortgage were $5,051.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 137 $21,195,000 $154,708 $1,383 7.67%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $5,255,000 $1,751,667 $492 6.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $695,000 $231,667 $0 7.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $268 6.49%
Outside of Metro Areas 1 $65,000 $65,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $35,000 $35,000 $453 6.49%
Bhcu's top markets include Philadelphia, Ocean City, Allentown, North Port, and Salisbury among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BHCU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
    County Savings Bank
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 156
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 438
    Dover Federal Credit Union
    Similarity Rank: 506
    Financial Freedom Mortgage, LLC
    Similarity Rank: 549
    FRANKLIN MINT
    Similarity Rank: 570
    FREEDOM CREDIT UNION
    Similarity Rank: 900
    FEDERATED LENDING CORPORATION
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $11,145,000 $148,600 $1,333 7.12%
    HELOC 71 $16,185,000 $227,958 n/a 8.17%

    For 2023, Bhcu's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was HELOC, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 106 $15,960,000 $150,566 $1,242 7.67%
    Home Improvement 17 $1,485,000 $87,353 $475 7.73%
    Other 12 $7,470,000 $622,500 $0 7.46%
    Home Purchase 10 $2,380,000 $238,000 $3,723 7.32%
    Refi 1 $35,000 $35,000 $358 6.99%

    For 2023, Bhcu's most frequently cited loan purpose was Cash Out Refi, with 106 originations. The 2nd most popular reason was Home Improvement, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $6,010,000 $125,208 $487 8.11%
    20 Year 33 $4,535,000 $137,424 $571 7.85%
    15 Year 26 $4,840,000 $186,154 $1,980 7.29%
    10 Year 16 $2,090,000 $130,625 $489 6.99%
    1 Year 7 $6,255,000 $893,571 $0 7.36%
    30 Year 6 $2,900,000 $483,333 $5,051 6.67%
    5 Year 6 $280,000 $46,667 $559 6.24%
    3 Year 4 $420,000 $105,000 $0 8.94%

    For 2023, Bhcu's most frequently cited loan duration was Other, with 48 originations. The 2nd most popular length was 20 Year, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 69 $13,335,000 $193,261
    Over 8% 38 $5,060,000 $133,158
    6-7% 28 $4,570,000 $163,214
    5-6% 8 $3,960,000 $495,000

    During 2023, Bhcu's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 7-8%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,545,000 $54,538 $507 7.59%
    $100k-200k 43 $5,755,000 $133,837 $778 7.85%
    $200k-400k 27 $7,765,000 $287,593 $4,946 7.57%
    $400k-600k 5 $2,395,000 $479,000 $5,117 7.50%
    $600k-1MM 4 $2,660,000 $665,000 $5,194 6.81%
    $1MM+ 2 $5,210,000 $2,605,000 $0 6.75%

    2023 saw Bhcu place emphasis on $100,000 or less loans with 65 originations, totaling $3,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $7,415,000 $172,442 $1,735 7.54%
    $100k-150k 31 $5,765,000 $185,968 $1,073 7.64%
    $250k+ 23 $8,585,000 $373,261 $2,637 7.40%
    $75k-100k 21 $2,565,000 $122,143 $547 7.76%
    $50k-75k 14 $1,180,000 $84,286 $528 7.61%
    $50k or less 9 $505,000 $56,111 $525 8.11%

    Bhcu lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $4,150,000 $159,615 $1,601 7.63%
    30-36% 22 $3,660,000 $166,364 $1,320 7.49%
    <20% 21 $6,685,000 $318,333 $2,039 7.60%
    50-60% 16 $2,670,000 $166,875 $2,072 8.17%
    43% 9 $1,165,000 $129,444 $501 7.99%
    38% 7 $1,025,000 $146,429 $435 7.81%
    >60% 6 $930,000 $155,000 $721 7.79%
    36% 6 $790,000 $131,667 $358 7.42%
    41% 4 $500,000 $125,000 $399 7.43%
    42% 4 $320,000 $80,000 $541 7.24%
    39% 4 $370,000 $92,500 $694 7.62%
    37% 4 $610,000 $152,500 $493 7.68%
    47% 2 $150,000 $75,000 $521 7.62%
    49% 2 $150,000 $75,000 $530 6.62%
    40% 2 $440,000 $220,000 $6,017 6.75%
    45% 2 $240,000 $120,000 $553 6.99%
    46% 1 $65,000 $65,000 $499 7.74%
    48% 1 $655,000 $655,000 $5,321 6.50%

    Bhcu lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 139 $26,545,000 $190,971 $1,346 7.59%
    Black 6 $710,000 $118,333 $567 8.42%
    Asian 1 $75,000 $75,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    91.98%

    Bhcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.95%

    Bhcu has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 146 $27,330,000 $187,192

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    146 $27,330,000 $187,192

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $8,500,000 $193,182 $598 7.82%
    40-60% 15 $3,625,000 $241,667 $2,789 7.65%
    60-80% 22 $5,730,000 $260,455 $5,091 7.43%
    80-100% 8 $5,940,000 $742,500 $5,020 7.50%
    Under 20% 55 $3,395,000 $61,727 $487 7.56%