Municipal Employees Credit Union Of Baltimore Incorporated Mortgage Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300X7J20OLLSGTZ36
Tax ID: 52-0284053
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Mortgage Data
Review & Overview
Municipal Employees Credit Union Of Baltimore Incorporated is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Municipal Employees Credit Union Of Baltimore Incorporated has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Baltimore, Washington, York, Salisbury, and Philadelphia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Municipal Employees Credit Union Of Baltimore Incorporated has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
253Origination Dollar Volume (All Markets)
$50,105,000Top 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) | 230 | $44,550,000 | $193,696 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $3,495,000 | $317,727 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 230 | $45,070,000 | $195,957 | $0 | 0.00% |
| FHA | 23 | $5,035,000 | $218,913 | $0 | 0.00% |
For 2020, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2020, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan purpose was Refi, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 95 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 253 | $50,105,000 | $198,043 | $0 | 0.00% |
For 2020, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan duration was Other, with 253 originations.
Loan Sizing
2020 saw Municipal Employees Credit Union Of Baltimore Incorporated place emphasis on $100k-200k loans with 93 originations, totaling $14,235,000 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 69 originations. The second most popular income band? $50k-75k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 253 | $50,105,000 | $198,043 | $0 | 0.00% |
Municipal Employees Credit Union Of Baltimore Incorporated lent most frequently to those with DTI ratios of Exempt%, with 253 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.72%
Municipal Employees Credit Union Of Baltimore Incorporated has a below average approval rate.
Pick Rate
Approvals leading to origination27.27%
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 | 253 | $50,105,000 | $198,043 |