We compare mortgage interest rate and loan related closing costs at Boulevard Mortgage Co. of PA with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (-0.04%)
Loan Related Closing Costs: similar to average (-$171)
Assessment: this lender tends to be a cheap lender.
This scoreboard is based on data reported to FFIEC. In the data, Boulevard Mortgage Co. of PA originated 214 mortgages, a national market share of 0.0%. It was primarily active in PA (0.1% market share) and NJ (0.0% market share).
On average, Boulevard Mortgage Co. of PA’s interest rates were similar to those of comparable mortgages at other lenders (-0.04%).1The comparable mortgages control for Boulevard Mortgage Co. of PA’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $5610, which was similar to those of comparable mortgages at $5781, with a difference of -$171. Overall, we estimate that Boulevard Mortgage Co. of PA tends to be an cheap lender, with a cost-adjusted-rate difference of -0.06% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Boulevard Mortgage Co. of PA.
Boulevard Mortgage Co. of PA originated Conforming and FHA mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from Boulevard Mortgage Co. of PA compared to other lenders
| Conforming | FHA | |
|---|---|---|
| Interest Rate Difference | -0.00% | -0.10% |
| Loan related Closing Cost Difference | -$288 | +$22 |
| Cost Adjusted Rate Difference | -0.02% | -0.11% |
Based on the table above, Boulevard Mortgage Co. of PA is cheap for FHA purchase mortgages. It is similar to other lenders for Conforming purchase mortgages.
Other information about Boulevard Mortgage Co. of PA:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: Bensalem, PA, 19020