Harford Bank Mortgage Rates, Fees & Info
Aberdeen, MDLEI: 254900W5FH4XO4DKJB28
Tax ID: 52-0799113
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Harford Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Harford Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Philadelphia, Salisbury, Allentown, and York among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Harford Bank has an 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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Originations
130Origination Dollar Volume (All Markets)
$31,520,000Top 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) | 74 | $14,540,000 | $196,486 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 46 | $12,630,000 | $274,565 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $3,425,000 | $685,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $200,000 | $100,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $31,520,000 | $242,462 | $0 | 0.00% |
For 2022, Harford Bank's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2022, Harford Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $31,520,000 | $242,462 | $0 | 0.00% |
For 2022, Harford Bank's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2022 saw Harford Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,550,000 in origination value.
Applicant Income
Harford Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $31,520,000 | $242,462 | $0 | 0.00% |
Harford Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.62%
Harford Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.92%
Harford Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $31,520,000 | $242,462 |