Bhcu Mortgage Rates, Fees & Info

Ridley Park, PA

LEI: 549300RMEQJVNY2YH756

Tax ID: 23-1417551

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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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.55% 3/28/24
30 Year Conventional Refi 7.23% 3/28/24
30 Year Cash-out Refi 6.62% 3/28/24
15 Year Conventional Purchase 6.04% 3/28/24
15 Year Conventional Refi 5.79% 3/28/24
15 Year Cash-out Refi 5.79% 3/28/24
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.

Bhcu Mortgage Calculator






Your Estimates

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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

161

Origination Dollar Volume (All Markets)

$29,995,000

Awards

BHCU 30 Year Conventional Loans gold BHCU 30 Year Conventional Loans gold
Show all (2) awards

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%
Bhcu's top markets include Philadelphia, Ocean City, Atlantic City, Cape Coral, and Reading 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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971
    PINNACLE MORTGAGE, INC.
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 50 $3,480,000 $69,600 $253 3.73%
    Refi 42 $12,440,000 $296,190 $1,739 3.07%
    Cash Out Refi 35 $8,295,000 $237,000 $2,569 3.35%
    Other 24 $2,760,000 $115,000 $320 3.42%
    Home Purchase 10 $3,020,000 $302,000 $3,791 3.14%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 58 $11,970,000 $206,379 $1,573 3.18%
    20 Year 34 $3,660,000 $107,647 $845 3.87%
    10 Year 20 $1,550,000 $77,500 $264 3.47%
    30 Year 18 $6,710,000 $372,778 $4,118 2.97%
    5 Year 16 $480,000 $30,000 $266 3.21%
    Other 10 $5,030,000 $503,000 $1,667 3.57%
    3 Year 3 $285,000 $95,000 $353 2.94%
    1 Year 2 $310,000 $155,000 $0 5.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 35 $9,885,000 $282,429
    $1k-2k 3 $965,000 $321,667
    $2k-3k 3 $1,665,000 $555,000
    $3k-4k 2 $590,000 $295,000
    $4k-5k 1 $775,000 $775,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,250,000 $46,429 $278 3.57%
    $100k-200k 41 $5,905,000 $144,024 $930 3.46%
    $200k-400k 40 $10,790,000 $269,750 $2,878 3.05%
    $600k-1MM 5 $3,465,000 $693,000 $6,612 3.18%
    $400k-600k 3 $1,355,000 $451,667 $2,682 3.26%
    $1MM+ 2 $5,230,000 $2,615,000 $4,744 3.09%

    2020 saw Bhcu place emphasis on $100,000 or less loans with 70 originations, totaling $3,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 45 $7,825,000 $173,889 $1,392 3.24%
    $100k-150k 42 $6,350,000 $151,190 $1,774 3.48%
    $75k-100k 26 $4,430,000 $170,385 $770 3.51%
    $250k+ 21 $7,755,000 $369,286 $2,324 3.60%
    $50k-75k 21 $2,655,000 $126,429 $1,547 3.25%
    $50k or less 5 $765,000 $153,000 $1,356 3.35%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $9,100,000 $175,000 $1,449 3.41%
    <20% 29 $6,925,000 $238,793 $942 3.41%
    30-36% 19 $2,485,000 $130,789 $1,080 3.34%
    >60% 9 $3,625,000 $402,778 $4,045 3.13%
    50-60% 9 $1,695,000 $188,333 $1,720 3.73%
    42% 6 $580,000 $96,667 $946 3.62%
    41% 5 $435,000 $87,000 $309 3.40%
    36% 5 $485,000 $97,000 $988 2.82%
    48% 4 $770,000 $192,500 $2,894 3.34%
    43% 4 $800,000 $200,000 $2,807 3.61%
    38% 3 $645,000 $215,000 $4,190 3.54%
    39% 3 $305,000 $101,667 $222 3.51%
    44% 3 $205,000 $68,333 $871 3.00%
    45% 3 $595,000 $198,333 $3,309 3.38%
    49% 2 $340,000 $170,000 $1,982 3.38%
    37% 2 $340,000 $170,000 $0 4.12%
    47% 1 $135,000 $135,000 $238 2.99%
    46% 1 $315,000 $315,000 $3,479 2.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $29,065,000 $187,516 $1,472 3.40%
    Not provided 2 $500,000 $250,000 $2,545 2.94%
    Black 2 $220,000 $110,000 $1,556 3.01%
    Asian 2 $210,000 $105,000 $3,059 4.00%

    Approval Rates

    Total approvals of all applications
    90.72%

    Bhcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.68%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $3,410,000 $131,154 $737 3.73%
    40-60% 26 $6,260,000 $240,769 $2,099 3.02%
    60-80% 38 $9,440,000 $248,421 $2,545 3.23%
    80-100% 8 $2,560,000 $320,000 $3,107 3.39%
    Over 100% 2 $5,230,000 $2,615,000 $4,744 3.09%
    Under 20% 61 $3,095,000 $50,738 $332 3.51%