Baltimore County Employees Mortgage Rates, Fees & Info
Towson, MDLEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 4.29% | 12/16/24 |
| 15 Year Conventional Refi | 4.82% | 12/16/24 |
| 15 Year Cash-out Refi | 4.82% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
98Origination Dollar Volume (All Markets)
$7,360,000Top 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) | 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% |
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
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
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
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 applications94.87%
Baltimore County Employees has an average approval rate.
Pick Rate
Approvals leading to origination86.73%
Baltimore County Employees has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 98 | $7,360,000 | $75,102 |