Middletown Valley Bank Mortgage Rates, Fees & Info
Middletown, MDLEI: 5493002YYAGPQ7L1YS68
Tax ID: 52-0414240
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Mortgage Data
Review & Overview
Middletown Valley Bank is a smaller bank specializing in Home Purchase loans. Middletown Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hagerstown, Washington, Chambersburg, Easton, and Jackson among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Middletown Valley Bank 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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Originations
125Origination Dollar Volume (All Markets)
$48,275,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 50 | $21,770,000 | $435,400 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 29 | $8,345,000 | $287,759 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 14 | $7,550,000 | $539,286 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 17 | $2,925,000 | $172,059 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $48,275,000 | $386,200 | $0 | 0.00% |
For 2023, Middletown Valley Bank's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2023, Middletown Valley Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $48,275,000 | $386,200 | $0 | 0.00% |
For 2023, Middletown Valley Bank's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2023 saw Middletown Valley Bank place emphasis on $200k-400k loans with 49 originations, totaling $14,675,000 in origination value.
Applicant Income
Middletown Valley Bank lent most frequently to those with incomes in the $250k+ range, with 36 originations. The second most popular income band? $150k-250k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $48,275,000 | $386,200 | $0 | 0.00% |
Middletown Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.60%
Middletown Valley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.20%
Middletown Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $48,275,000 | $386,200 |