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
Jump to:
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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 4.29% | 11/17/24 |
| 15 Year Conventional Refi | 4.82% | 11/17/24 |
| 15 Year Cash-out Refi | 4.82% | 11/17/24 |
| 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
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 |