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, Refi, and Cash Out Refi loans. Baltimore County Employees has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, York, Salisbury, Cumberland, and Chambersburg among others. We have data for 5 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% | 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
96Origination Dollar Volume (All Markets)
$10,000,000Top 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) | 81 | $8,295,000 | $102,407 | $929 | 2.43% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 8 | $910,000 | $113,750 | $0 | 2.03% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $0 | 2.37% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.90% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.90% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $10,000,000 | $104,167 | $929 | 2.38% |
For 2022, Baltimore County Employees's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
For 2022, Baltimore County Employees's most frequently cited loan purpose was Home Improvement, with 59 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 | 87 | $9,545,000 | $109,713 | $929 | 2.32% |
| 10 Year | 9 | $455,000 | $50,556 | $0 | 3.02% |
For 2022, Baltimore County Employees's most frequently cited loan duration was 15 Year, with 87 originations. The 2nd most popular length was 10 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 67 | $7,245,000 | $108,134 |
| 2.5-3% | 18 | $1,840,000 | $102,222 |
| 3-4% | 8 | $740,000 | $92,500 |
| 7-8% | 2 | $120,000 | $60,000 |
| 5-6% | 1 | $55,000 | $55,000 |
During 2022, Baltimore County Employees's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 67 originations.
Loan Sizing
2022 saw Baltimore County Employees place emphasis on $100,000 or less loans with 65 originations, totaling $3,605,000 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 31 originations.
Applicant Debt to Income Ratio
Baltimore County Employees lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? <20%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 86 | $9,470,000 | $110,116 | $929 | 2.27% |
| Black | 9 | $415,000 | $46,111 | $0 | 3.50% |
| Not provided | 1 | $115,000 | $115,000 | $0 | 1.90% |
Approval Rates
Total approvals of all applications95.61%
Baltimore County Employees has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.46%
Baltimore County Employees has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 96 | $10,000,000 | $104,167 |