Lehigh Valley Educators Mortgage Rates, Fees & Info

Allentown, PA

LEI: 549300UU637N6PFNEE28

Tax ID: 23-0338105

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lehigh Valley Educators is a smaller mortgage company specializing in Other and Refi loans. Lehigh Valley Educators has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Pottsville, Reading, and Philadelphia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lehigh Valley Educators 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. Lehigh Valley Educators 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.78% 5/5/24
    30 Year Cash-out Refi 6.27% 5/5/24
    15 Year Conventional Purchase 6.19% 5/5/24
    15 Year Conventional Refi 5.80% 5/5/24
    15 Year Cash-out Refi 5.80% 5/5/24
    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.

    Lehigh Valley Educators Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Lehigh Valley Educators. 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

    114

    Origination Dollar Volume (All Markets)

    $11,280,000

    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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 107 $10,495,000 $98,084 $628 3.66%
    Pottsville, PA (FHA|USDA|VA) 2 $360,000 $180,000 $1,561 2.88%
    READING, PA (FHA|USDA|VA) 2 $270,000 $135,000 $548 3.57%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $155,000 $51,667 $338 2.89%
    Lehigh Valley Educators's top markets include Allentown, Pottsville, Reading, and Philadelphia among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $11,280,000 $98,947 $635 3.62%

    For 2020, Lehigh Valley Educators's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 64 $5,810,000 $90,781 $374 3.82%
    Home Improvement 27 $1,845,000 $68,333 $364 3.49%
    Refi 15 $2,405,000 $160,333 $1,383 3.17%
    Home Purchase 4 $670,000 $167,500 $1,953 3.21%
    Cash Out Refi 4 $550,000 $137,500 $2,536 3.44%

    For 2020, Lehigh Valley Educators's most frequently cited loan purpose was Other, with 64 originations. The 2nd most popular reason was Home Improvement, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 30 $2,170,000 $72,333 $369 3.66%
    Other 30 $3,200,000 $106,667 $354 3.54%
    20 Year 19 $2,345,000 $123,421 $798 4.15%
    15 Year 14 $1,720,000 $122,857 $1,010 3.69%
    5 Year 12 $760,000 $63,333 $403 3.14%
    30 Year 5 $845,000 $169,000 $3,104 3.38%
    3 Year 4 $240,000 $60,000 $270 2.92%

    For 2020, Lehigh Valley Educators's most frequently cited loan duration was 10 Year, with 30 originations. The 2nd most popular length was Other, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $2,060,000 $206,000
    $1k-2k 1 $295,000 $295,000

    Lehigh Valley Educators's average total fees were $3,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 65 $6,595,000 $101,462
    2.5-3% 26 $2,560,000 $98,462
    4-5% 19 $1,945,000 $102,368
    6-7% 3 $115,000 $38,333
    7-8% 1 $65,000 $65,000

    During 2020, Lehigh Valley Educators's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,635,000 $49,795 $337 3.69%
    $100k-200k 29 $4,165,000 $143,621 $973 3.48%
    $200k-400k 11 $3,075,000 $279,545 $1,420 3.57%
    $400k-600k 1 $405,000 $405,000 $3,978 3.13%

    2020 saw Lehigh Valley Educators place emphasis on $100,000 or less loans with 73 originations, totaling $3,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $3,630,000 $106,765 $557 3.52%
    $150k-250k 27 $2,995,000 $110,926 $646 3.53%
    $50k-75k 22 $1,750,000 $79,545 $638 3.63%
    $75k-100k 15 $1,585,000 $105,667 $1,162 3.64%
    $50k or less 13 $845,000 $65,000 $258 4.10%
    $250k+ 3 $475,000 $158,333 $408 3.30%

    Lehigh Valley Educators lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $3,840,000 $112,941 $714 3.50%
    30-36% 27 $2,355,000 $87,222 $568 3.55%
    <20% 14 $1,130,000 $80,714 $360 3.46%
    43% 8 $640,000 $80,000 $582 4.15%
    38% 6 $660,000 $110,000 $879 3.28%
    39% 5 $745,000 $149,000 $1,029 3.77%
    36% 4 $380,000 $95,000 $425 4.56%
    40% 3 $85,000 $28,333 $425 4.19%
    37% 3 $225,000 $75,000 $407 3.19%
    42% 3 $305,000 $101,667 $287 4.08%
    41% 2 $170,000 $85,000 $425 3.64%
    48% 2 $360,000 $180,000 $1,461 3.66%
    44% 1 $55,000 $55,000 $218 4.66%
    50-60% 1 $45,000 $45,000 $425 3.24%
    >60% 1 $285,000 $285,000 $3,235 2.75%

    Lehigh Valley Educators lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $11,070,000 $100,636 $649 3.62%
    Black 3 $125,000 $41,667 $287 3.61%
    Native Hawaiian 1 $85,000 $85,000 $218 3.69%

    Approval Rates

    Total approvals of all applications
    100.00%

    Lehigh Valley Educators has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.49%

    Lehigh Valley Educators 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 114 $11,280,000 $98,947

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 114 $11,280,000 $98,947

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,945,000 $77,800 $403 3.90%
    40-60% 14 $1,820,000 $130,000 $901 3.45%
    60-80% 20 $4,050,000 $202,500 $1,340 3.62%
    80-100% 6 $1,450,000 $241,667 $849 4.03%
    Under 20% 49 $2,015,000 $41,122 $364 3.48%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 8 2.1%
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Closing on a mortgage 8 2.1%
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Incorrect information on your report 5 1.3%
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Struggling to pay mortgage 10 2.7%
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Trouble during payment process 126 33.8%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 20 5.4%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Closing on a mortgage 6 1.6%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Improper use of your report 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Incorrect information on your report 5 1.3%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Struggling to pay mortgage 27 7.2%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Trouble during payment process 84 22.5%
    LAKEVIEW LOAN SERVICING, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC Other type of mortgage Closing on a mortgage 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC Other type of mortgage Struggling to pay mortgage 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC Other type of mortgage Trouble during payment process 11 2.9%
    LAKEVIEW LOAN SERVICING, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 10 2.7%
    LAKEVIEW LOAN SERVICING, LLC VA mortgage Closing on a mortgage 6 1.6%
    LAKEVIEW LOAN SERVICING, LLC VA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    LAKEVIEW LOAN SERVICING, LLC VA mortgage Struggling to pay mortgage 3 0.8%
    LAKEVIEW LOAN SERVICING, LLC VA mortgage Trouble during payment process 37 9.9%