Baltimore County Employees Mortgage Rates, Fees & Info

Towson, MD

LEI: 549300XO2MXF3RX56J09

Tax ID: 52-0798315

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

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Mortgage Data

Review & Overview

Baltimore County Employees is a smaller mortgage company specializing in Home Improvement and Refi loans. Baltimore County Employees has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, York, Washington, and Salisbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Baltimore County Employees has an above 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Purchase 4.29% 3/28/24
15 Year Conventional Refi 4.82% 3/28/24
15 Year Cash-out Refi 4.82% 3/28/24
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.

Baltimore County Employees Mortgage Calculator






Your Estimates

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

This is not an official calculator from Baltimore County Employees. 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

98

Origination Dollar Volume (All Markets)

$7,360,000

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
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 79 $6,215,000 $78,671 $0 4.79%
YORK-HANOVER, PA (FHA|USDA|VA) 15 $945,000 $63,000 $0 4.70%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $125,000 $41,667 $0 4.30%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.90%
Baltimore County Employees's top markets include Baltimore, York, Washington, and Salisbury among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $7,360,000 $75,102 $0 4.77%

    For 2023, Baltimore County Employees's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 74 $4,930,000 $66,622 $0 4.74%
    Refi 18 $1,880,000 $104,444 $0 4.95%
    Other 6 $550,000 $91,667 $0 4.57%

    For 2023, Baltimore County Employees's most frequently cited loan purpose was Home Improvement, with 74 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 59 $4,995,000 $84,661 $0 4.77%
    10 Year 39 $2,365,000 $60,641 $0 4.76%

    For 2023, Baltimore County Employees's most frequently cited loan duration was 15 Year, with 59 originations. The 2nd most popular length was 10 Year, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 83 $6,445,000 $77,651
    5-6% 12 $680,000 $56,667
    3-4% 3 $235,000 $78,333

    During 2023, Baltimore County Employees's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $4,710,000 $57,439 $0 4.77%
    $100k-200k 11 $1,465,000 $133,182 $0 4.75%
    $200k-400k 5 $1,185,000 $237,000 $0 4.66%

    2023 saw Baltimore County Employees place emphasis on $100,000 or less loans with 82 originations, totaling $4,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $2,075,000 $66,935 $0 4.76%
    $150k-250k 30 $2,400,000 $80,000 $0 4.86%
    $75k-100k 14 $800,000 $57,143 $0 4.70%
    $50k-75k 13 $875,000 $67,308 $0 4.78%
    $250k+ 8 $1,130,000 $141,250 $0 4.58%
    $50k or less 2 $80,000 $40,000 $0 4.70%

    Baltimore County Employees lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $1,755,000 $60,517 $0 4.78%
    30-36% 23 $1,755,000 $76,304 $0 4.74%
    <20% 10 $930,000 $93,000 $0 4.82%
    41% 7 $705,000 $100,714 $0 4.88%
    36% 7 $525,000 $75,000 $0 4.67%
    38% 5 $375,000 $75,000 $0 4.96%
    40% 3 $405,000 $135,000 $0 4.63%
    37% 2 $70,000 $35,000 $0 4.70%
    42% 2 $60,000 $30,000 $0 4.70%
    43% 2 $90,000 $45,000 $0 4.70%
    39% 2 $160,000 $80,000 $0 5.20%
    45% 2 $110,000 $55,000 $0 4.20%
    >60% 1 $55,000 $55,000 $0 4.90%
    46% 1 $75,000 $75,000 $0 4.90%
    50-60% 1 $205,000 $205,000 $0 4.50%
    44% 1 $85,000 $85,000 $0 4.50%

    Baltimore County Employees lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $6,530,000 $77,738 $0 4.77%
    Black 12 $630,000 $52,500 $0 4.79%
    Asian 2 $200,000 $100,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    94.87%

    Baltimore County Employees has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.73%

    Baltimore County Employees has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 98 $7,360,000 $75,102

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    98 $7,360,000 $75,102

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,770,000 $106,538 $0 4.81%
    40-60% 4 $410,000 $102,500 $0 5.26%
    Under 20% 68 $4,180,000 $61,471 $0 4.72%