Jefferson Security Bank Mortgage Rates, Fees & Info

Shepherdstown, WV

LEI: 5493004HRO0EREBVYM82

Tax ID: 55-0203500

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Mortgage Data

Review & Overview

Jefferson Security Bank is a smaller bank specializing in Home Purchase loans. Jefferson Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hagerstown, Washington, Morehead City, Lebanon, and Winchester among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jefferson Security 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

154

Origination Dollar Volume (All Markets)

$43,850,000

Top 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
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 96 $26,190,000 $272,813 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 53 $16,005,000 $301,981 $0 0.00%
Outside of Metro Areas 1 $725,000 $725,000 $0 0.00%
Morehead City, NC (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Jefferson Security Bank's top markets include Hagerstown, Washington, Morehead City, Lebanon, and Winchester among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $43,850,000 $284,740 $0 0.00%

    For 2023, Jefferson Security Bank's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 106 $35,350,000 $333,491 $0 0.00%
    Refi 22 $4,910,000 $223,182 $0 0.00%
    Home Improvement 16 $2,210,000 $138,125 $0 0.00%
    Other 10 $1,380,000 $138,000 $0 0.00%

    For 2023, Jefferson Security Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $43,850,000 $284,740 $0 0.00%

    For 2023, Jefferson Security Bank's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 53 $15,215,000 $287,075 $0 0.00%
    $100k-200k 50 $7,430,000 $148,600 $0 0.00%
    $100,000 or less 20 $1,370,000 $68,500 $0 0.00%
    $400k-600k 17 $8,225,000 $483,824 $0 0.00%
    $600k-1MM 13 $9,805,000 $754,231 $0 0.00%
    $1MM+ 1 $1,805,000 $1,805,000 $0 0.00%

    2023 saw Jefferson Security Bank place emphasis on $200k-400k loans with 53 originations, totaling $15,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 33 $13,645,000 $413,485 $0 0.00%
    $100k-150k 24 $5,750,000 $239,583 $0 0.00%
    $50k-75k 19 $3,305,000 $173,947 $0 0.00%
    $250k+ 17 $7,835,000 $460,882 $0 0.00%
    $75k-100k 15 $3,745,000 $249,667 $0 0.00%
    $50k or less 7 $855,000 $122,143 $0 0.00%

    Jefferson Security Bank lent most frequently to those with incomes in the $150k-250k range, with 33 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $43,850,000 $284,740 $0 0.00%

    Jefferson Security Bank lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $28,690,000 $305,213 $0 0.00%
    Not applicable 38 $8,490,000 $223,421 $0 0.00%
    Not provided 12 $3,370,000 $280,833 $0 0.00%
    Black 6 $1,980,000 $330,000 $0 0.00%
    Asian 2 $970,000 $485,000 $0 0.00%
    Guamanian 1 $225,000 $225,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.67%

    Jefferson Security Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.36%

    Jefferson Security Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $43,850,000 $284,740

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $43,850,000 $284,740