Municipal Employees Credit Union Of Baltimore Incorporated Mortgage Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300X7J20OLLSGTZ36
Tax ID: 52-0284053
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Municipal Employees Credit Union Of Baltimore Incorporated is a smaller credit union specializing in Home Purchase loans. Municipal Employees Credit Union Of Baltimore Incorporated has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Baltimore, Washington, Easton, Salisbury, and York among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Municipal Employees Credit Union Of Baltimore Incorporated has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
105Origination Dollar Volume (All Markets)
$18,265,000Top 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 |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 97 | $16,675,000 | $171,907 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $17,740,000 | $173,922 | $0 | 0.00% |
| FHA | 3 | $525,000 | $175,000 | $0 | 0.00% |
For 2024, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2024, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Other, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $18,265,000 | $173,952 | $0 | 0.00% |
For 2024, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2024 saw Municipal Employees Credit Union Of Baltimore Incorporated place emphasis on $100,000 or less loans with 52 originations, totaling $2,640,000 in origination value.
Applicant Income
Municipal Employees Credit Union Of Baltimore Incorporated lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $18,265,000 | $173,952 | $0 | 0.00% |
Municipal Employees Credit Union Of Baltimore Incorporated lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.77%
Municipal Employees Credit Union Of Baltimore Incorporated has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination65.71%
Municipal Employees Credit Union Of Baltimore Incorporated has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 105 | $18,265,000 | $173,952 |