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

Jump to:

  • 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 Home Improvement and Other loans. Lehigh Valley Educators has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Reading, Harrisburg, and Lebanon among others. We have data for 7 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.

    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 6.78% 12/2/24
    30 Year Cash-out Refi 6.27% 12/2/24
    15 Year Conventional Purchase 6.19% 12/2/24
    15 Year Conventional Refi 5.80% 12/2/24
    15 Year Cash-out Refi 5.80% 12/2/24
    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

    166

    Origination Dollar Volume (All Markets)

    $14,340,000

    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) 153 $13,725,000 $89,706 $499 4.06%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $255,000 $51,000 $445 3.34%
    READING, PA (FHA|USDA|VA) 4 $160,000 $40,000 $226 3.78%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $678 4.49%
    LEBANON, PA (FHA|USDA|VA) 1 $45,000 $45,000 $215 3.24%
    Pottsville, PA (FHA|USDA|VA) 1 $35,000 $35,000 $506 3.19%
    Somerset, PA (FHA|USDA|VA) 1 $35,000 $35,000 $626 3.74%
    Lehigh Valley Educators's top markets include Allentown, Philadelphia, Reading, Harrisburg, and Lebanon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $14,340,000 $86,386 $491 4.02%

    For 2022, Lehigh Valley Educators's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 69 $4,845,000 $70,217 $332 3.88%
    Other 62 $4,790,000 $77,258 $292 4.12%
    Cash Out Refi 19 $1,975,000 $103,947 $879 4.08%
    Home Purchase 9 $1,955,000 $217,222 $2,459 4.52%
    Refi 7 $775,000 $110,714 $241 3.67%

    For 2022, Lehigh Valley Educators's most frequently cited loan purpose was Home Improvement, with 69 originations. The 2nd most popular reason was Other, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 41 $4,015,000 $97,927 $322 4.59%
    10 Year 39 $2,585,000 $66,282 $306 3.55%
    15 Year 37 $3,655,000 $98,784 $466 4.24%
    5 Year 22 $820,000 $37,273 $269 3.04%
    Other 14 $1,300,000 $92,857 $285 4.49%
    30 Year 8 $1,890,000 $236,250 $3,489 4.59%
    3 Year 5 $75,000 $15,000 $261 3.36%

    For 2022, Lehigh Valley Educators's most frequently cited loan duration was 20 Year, with 41 originations. The 2nd most popular length was 10 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $2,250,000 $225,000

    Lehigh Valley Educators's average total fees were $3,489, 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% 94 $8,580,000 $91,277
    4-5% 30 $2,510,000 $83,667
    2.5-3% 19 $935,000 $49,211
    5-6% 14 $1,470,000 $105,000
    6-7% 6 $520,000 $86,667
    7-8% 2 $280,000 $140,000
    Over 8% 1 $45,000 $45,000

    During 2022, Lehigh Valley Educators's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $6,020,000 $48,548 $325 3.99%
    $100k-200k 25 $3,625,000 $145,000 $523 3.92%
    $200k-400k 16 $4,190,000 $261,875 $1,729 4.37%
    $400k-600k 1 $505,000 $505,000 $425 3.99%

    2022 saw Lehigh Valley Educators place emphasis on $100,000 or less loans with 124 originations, totaling $6,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $4,075,000 $74,091 $441 4.20%
    $150k-250k 37 $3,385,000 $91,486 $373 4.04%
    $75k-100k 33 $2,725,000 $82,576 $371 3.82%
    $50k-75k 22 $2,330,000 $105,909 $927 3.85%
    $50k or less 14 $940,000 $67,143 $637 4.04%
    $250k+ 5 $885,000 $177,000 $383 3.88%

    Lehigh Valley Educators lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $3,155,000 $59,528 $343 3.83%
    30-36% 40 $3,240,000 $81,000 $408 3.96%
    <20% 24 $2,240,000 $93,333 $585 3.75%
    40% 8 $380,000 $47,500 $243 4.08%
    39% 7 $845,000 $120,714 $1,088 4.18%
    42% 6 $770,000 $128,333 $343 4.95%
    38% 6 $340,000 $56,667 $250 5.34%
    36% 6 $560,000 $93,333 $286 4.41%
    41% 5 $955,000 $191,000 $995 3.91%
    37% 4 $390,000 $97,500 $383 4.17%
    43% 4 $660,000 $165,000 $372 4.43%
    44% 1 $305,000 $305,000 $3,771 5.38%
    50-60% 1 $365,000 $365,000 $3,509 4.00%
    >60% 1 $135,000 $135,000 $2,869 2.63%

    Lehigh Valley Educators lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $13,850,000 $85,494 $497 4.01%
    Native Hawaiian or Islander 3 $345,000 $115,000 $285 4.21%
    Other Pacific Islander 1 $145,000 $145,000 $215 4.24%

    Approval Rates

    Total approvals of all applications
    99.44%

    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
    92.17%

    Lehigh Valley Educators has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 166 $14,340,000 $86,386

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    166 $14,340,000 $86,386

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $3,775,000 $96,795 $421 4.19%
    40-60% 12 $1,900,000 $158,333 $297 4.05%
    60-80% 12 $2,790,000 $232,500 $1,038 3.91%
    80-100% 8 $1,830,000 $228,750 $2,359 4.81%
    Under 20% 95 $4,045,000 $42,579 $318 3.89%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    LAKEVIEW LOAN SERVICING, LLC Conventional home mortgage Trouble during payment process 1 10.0%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Struggling to pay mortgage 3 30.0%
    LAKEVIEW LOAN SERVICING, LLC FHA mortgage Trouble during payment process 5 50.0%