Municipal Employees Credit Union Of Baltimore Incorporated Mortgage Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300X7J20OLLSGTZ36
Tax ID: 52-0284053
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Municipal Employees Credit Union Of Baltimore Incorporated is a smaller credit union specializing in Cash Out Refi and 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, Salisbury, York, Washington, and Cambridge among others. We have data for 6 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.
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Originations
122Origination Dollar Volume (All Markets)
$27,040,000Top 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) | 112 | $24,660,000 | $220,179 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 115 | $25,775,000 | $224,130 | $0 | 0.00% |
| FHA | 7 | $1,265,000 | $180,714 | $0 | 0.00% |
For 2022, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently originated type of loan was Conventional, with 115 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2022, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan purpose was Cash Out Refi, with 64 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $27,040,000 | $221,639 | $0 | 0.00% |
For 2022, Municipal Employees Credit Union Of Baltimore Incorporated's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2022 saw Municipal Employees Credit Union Of Baltimore Incorporated place emphasis on $200k-400k loans with 46 originations, totaling $12,680,000 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 30 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $27,040,000 | $221,639 | $0 | 0.00% |
Municipal Employees Credit Union Of Baltimore Incorporated lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.67%
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 origination31.97%
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 | 122 | $27,040,000 | $221,639 |