Baltimore County Employees Mortgage Rates, Fees & Info
Towson, MDLEI: 549300XO2MXF3RX56J09
Tax ID: 52-0798315
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Mortgage Data
Review & Overview
Baltimore County Employees is a smaller mortgage company specializing in Home Improvement loans. Baltimore County Employees has a high proportion of conventional loans. Their top (well, only) market is Baltimore.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% | 11/21/24 |
| 15 Year Conventional Refi | 4.82% | 11/21/24 |
| 15 Year Cash-out Refi | 4.82% | 11/21/24 |
| 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
15Origination Dollar Volume (All Markets)
$1,035,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 15 | $1,035,000 | $69,000 | $979 | 4.80% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $1,035,000 | $69,000 | $979 | 4.80% |
For 2020, Baltimore County Employees's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 11 | $855,000 | $77,727 | $979 | 4.84% |
| Refi | 4 | $180,000 | $45,000 | $0 | 4.69% |
For 2020, Baltimore County Employees's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2020, Baltimore County Employees's most frequently cited loan duration was 15 Year, with 7 originations. The 2nd most popular length was 10 Year, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 14 | $1,000,000 | $71,429 |
| 6-7% | 1 | $35,000 | $35,000 |
During 2020, 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 14 originations.
Loan Sizing
2020 saw Baltimore County Employees place emphasis on $100,000 or less loans with 12 originations, totaling $500,000 in origination value.
Applicant Income
Baltimore County Employees lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Baltimore County Employees lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 12 | $840,000 | $70,000 | $979 | 4.85% |
| Asian | 1 | $135,000 | $135,000 | $0 | 4.75% |
| Black | 2 | $60,000 | $30,000 | $0 | 4.50% |
Approval Rates
Total approvals of all applications93.94%
Baltimore County Employees has an average approval rate.
Pick Rate
Approvals leading to origination-6.67%
Baltimore County Employees 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 |
|---|---|---|---|
| NA | 15 | $1,035,000 | $69,000 |