Bhcu Mortgage Rates, Fees & Info
Ridley Park, PALEI: 549300RMEQJVNY2YH756
Tax ID: 23-1417551
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bhcu is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Bhcu has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Atlantic City, Cape Coral, and Reading among others. We have data for 5 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 a low 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 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.
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% | 12/16/24 |
| 30 Year Conventional Refi | 7.23% | 12/16/24 |
| 30 Year Cash-out Refi | 6.62% | 12/16/24 |
| 15 Year Conventional Purchase | 6.04% | 12/16/24 |
| 15 Year Conventional Refi | 5.79% | 12/16/24 |
| 15 Year Cash-out Refi | 5.79% | 12/16/24 |
| 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
161Origination Dollar Volume (All Markets)
$29,995,000Awards
BHCU - 2020
BHCU is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for BHCU?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 150 | $26,830,000 | $178,867 | $1,411 | 3.41% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $2,400,000 | $400,000 | $3,302 | 2.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $1,229 | 3.29% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,526 | 3.88% |
| READING, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
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.
Similarity Rank: 589
Similarity Rank: 625
Similarity Rank: 640
Similarity Rank: 1258
Similarity Rank: 1340
Similarity Rank: 1585
Similarity Rank: 1932
Similarity Rank: 1950
Similarity Rank: 1971
Similarity Rank: 1978
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $27,420,000 | $204,627 | $1,502 | 3.28% |
| HELOC | 27 | $2,575,000 | $95,370 | n/a | 3.98% |
For 2020, Bhcu's most frequently originated type of loan was Conventional, with 134 originations. Their 2nd most popular type was HELOC, with 27 originations.
Loan Reason
For 2020, Bhcu's most frequently cited loan purpose was Home Improvement, with 50 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
For 2020, Bhcu's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 20 Year, with 34 originations.
Origination Fees/Closing Costs
Bhcu's average total fees were $4,118, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 79 | $11,865,000 | $150,190 |
| 2.5-3% | 57 | $11,715,000 | $205,526 |
| 4-5% | 18 | $1,390,000 | $77,222 |
| <2.5% | 3 | $705,000 | $235,000 |
| 5-6% | 2 | $310,000 | $155,000 |
During 2020, Bhcu's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 3-4%, with 79 originations.
Loan Sizing
2020 saw Bhcu place emphasis on $100,000 or less loans with 70 originations, totaling $3,250,000 in origination value.
Applicant Income
Bhcu lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $100k-150k, with 42 originations.
Applicant Debt to Income Ratio
Bhcu lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? <20%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.72%
Bhcu has an average approval rate.
Pick Rate
Approvals leading to origination90.68%
Bhcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 161 | $29,995,000 | $186,304 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $135,000 | $135,000 |
| Single Family (1-4 Units):Site-Built | 160 | $29,860,000 | $186,625 |