Bhcu Mortgage Rates, Fees & Info
Ridley Park, PALEI: 549300RMEQJVNY2YH756
Tax ID: 23-1417551
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Mortgage Data
Review & Overview
Bhcu is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Bhcu has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Salisbury, Ocean City, and Lancaster among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Bhcu has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. They typically have about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.55% | 4/18/24 |
| 30 Year Conventional Refi | 7.23% | 4/18/24 |
| 30 Year Cash-out Refi | 6.62% | 4/18/24 |
| 15 Year Conventional Purchase | 6.04% | 4/18/24 |
| 15 Year Conventional Refi | 5.79% | 4/18/24 |
| 15 Year Cash-out Refi | 5.79% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
131Origination Dollar Volume (All Markets)
$13,705,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 122 | $11,450,000 | $93,852 | $0 | 4.67% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $0 | 4.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $0 | 4.62% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.24% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $10,710,000 | $113,936 | $0 | 4.55% |
| HELOC | 37 | $2,995,000 | $80,946 | n/a | 5.03% |
For 2018, Bhcu's most frequently originated type of loan was Conventional, with 94 originations. Their 2nd most popular type was HELOC, with 37 originations.
Loan Reason
For 2018, Bhcu's most frequently cited loan purpose was Home Improvement, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
For 2018, Bhcu's most frequently cited loan duration was 20 Year, with 43 originations. The 2nd most popular length was 5 Year, with 29 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 21 | $2,745,000 | $130,714 |
| $1k-2k | 1 | $175,000 | $175,000 |
Bhcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.
Interest Rates
During 2018, Bhcu's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 67 originations.
Loan Sizing
2018 saw Bhcu place emphasis on $100,000 or less loans with 86 originations, totaling $3,720,000 in origination value.
Applicant Income
Bhcu lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
Bhcu lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 24 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 123 | $12,865,000 | $104,593 | $0 | 4.66% |
| Asian | 3 | $705,000 | $235,000 | $0 | 4.99% |
| Black | 5 | $135,000 | $27,000 | $0 | 5.04% |
Approval Rates
Total approvals of all applications88.20%
Bhcu has an average approval rate.
Pick Rate
Approvals leading to origination91.60%
Bhcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 28 | $3,070,000 | $109,643 |
| NA | 103 | $10,635,000 | $103,252 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 131 | $13,705,000 | $104,618 |