Madison Bank Of Maryland Mortgage Rates, Fees & Info
Forest Hill, MDLEI: 549300335QFYU4536D37
Tax ID: 52-0250437
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Madison Bank Of Maryland is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Madison Bank Of Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Salisbury, and Hagerstown among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Madison Bank Of Maryland 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
46Origination Dollar Volume (All Markets)
$15,470,000Top 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) | 43 | $14,065,000 | $327,093 | $0 | 0.00% |
SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $0 | 0.00% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 46 | $15,470,000 | $336,304 | $0 | 0.00% |
For 2018, Madison Bank Of Maryland's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2018, Madison Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 46 | $15,470,000 | $336,304 | $0 | 0.00% |
For 2018, Madison Bank Of Maryland's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2018 saw Madison Bank Of Maryland place emphasis on $200k-400k loans with 23 originations, totaling $6,775,000 in origination value.
Applicant Income
Madison Bank Of Maryland lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 46 | $15,470,000 | $336,304 | $0 | 0.00% |
Madison Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.71%
Madison Bank Of Maryland has an average approval rate.
Pick Rate
Approvals leading to origination78.26%
Madison Bank Of Maryland has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 46 | $15,470,000 | $336,304 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 2 | $1,210,000 | $605,000 |
Single Family (1-4 Units):Site-Built | 44 | $14,260,000 | $324,091 |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Madison Management Services, LLC | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
Madison Management Services, LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |
Madison Management Services, LLC | Other type of mortgage | Trouble during payment process | 1 | 33.3% |