Old Line Bank Mortgage Rates, Fees & Info

Bowie, MD

LEI: 549300541HUKI2R50N92

Tax ID: 52-1602238

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Old Line Bank is a smaller bank specializing in Home Purchase loans. Old Line Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, California, Salisbury, and Easton among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Old Line 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. Old Line Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    504

    Origination Dollar Volume (All Markets)

    $197,040,000

    Awards

    Old Line Bank FHA Loans bronze
    Show all (1) awards

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 309 $114,685,000 $371,149 $6,601 4.87%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 141 $62,325,000 $442,021 $5,602 4.76%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 23 $6,495,000 $282,391 $5,433 4.79%
    SALISBURY, MD-DE (FHA|USDA|VA) 11 $5,365,000 $487,727 $5,185 4.53%
    Easton, MD (FHA|USDA|VA) 4 $3,490,000 $872,500 $6,533 4.38%
    Outside of Metro Areas 6 $2,330,000 $388,333 $5,668 4.44%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $640,000 $320,000 $3,792 4.75%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $480,000 $240,000 $3,830 4.88%
    WILMINGTON, NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,583 4.50%
    Cambridge, MD (FHA|USDA|VA) 1 $305,000 $305,000 $7,237 4.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,540 4.75%
    DOVER, DE (FHA|USDA|VA) 1 $215,000 $215,000 $7,178 5.00%
    Georgetown, SC (FHA|USDA|VA) 1 $65,000 $65,000 $3,275 4.88%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $2,725 5.13%
    Old Line Bank's top markets include Washington, Baltimore, California, Salisbury, and Easton among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Old Line Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    APL
    Similarity Rank: 32
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 54
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 126
    POINT BREEZE
    Similarity Rank: 252
    Bank of Clarke County
    Similarity Rank: 320
    LIBRARY OF CONGRESS
    Similarity Rank: 448
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 450
    ACNB Bank
    Similarity Rank: 684
    EDUCATIONAL SYSTEMS
    Similarity Rank: 1188

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $155,940,000 $428,407 $4,990 4.81%
    FHA 103 $27,935,000 $271,214 $8,780 4.88%
    VA 27 $10,065,000 $372,778 $8,600 4.64%
    USDA 9 $2,535,000 $281,667 $7,401 4.81%
    HELOC 1 $565,000 $565,000 n/a 5.50%

    For 2018, Old Line Bank's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was FHA, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 377 $145,165,000 $385,053 $6,490 4.83%
    Refi 60 $26,190,000 $436,500 $4,788 4.78%
    Cash Out Refi 47 $16,615,000 $353,511 $4,767 4.88%
    Home Improvement 16 $8,050,000 $503,125 $5,810 4.45%
    NA 4 $1,020,000 $255,000 $0 5.00%

    For 2018, Old Line Bank's most frequently cited loan purpose was Home Purchase, with 377 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 368 $117,810,000 $320,136 $6,223 4.84%
    10 Year 53 $28,705,000 $541,604 $4,586 4.92%
    30+ year 46 $37,380,000 $812,609 $6,586 4.35%
    1 Year 10 $2,970,000 $297,000 $0 5.64%
    15 Year 10 $3,420,000 $342,000 $3,591 4.44%
    Other 10 $3,690,000 $369,000 $0 5.08%
    20 Year 5 $1,335,000 $267,000 $4,398 4.60%
    5 Year 2 $1,730,000 $865,000 $0 5.03%

    For 2018, Old Line Bank's most frequently cited loan duration was 30 Year, with 368 originations. The 2nd most popular length was 10 Year, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 377 $143,225,000 $379,907
    $2k-3k 18 $5,550,000 $308,333
    $5k+ 11 $4,955,000 $450,455
    $3k-4k 9 $2,455,000 $272,778
    $4k-5k 7 $2,345,000 $335,000
    $<1k 4 $810,000 $202,500

    Old Line Bank's average total fees were $6,223, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 377 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 341 $144,265,000 $423,065
    5-6% 116 $33,990,000 $293,017
    3-4% 34 $15,500,000 $455,882
    6-7% 11 $3,035,000 $275,909

    During 2018, Old Line Bank's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 257 $72,435,000 $281,848 $6,296 4.86%
    $100k-200k 89 $13,795,000 $155,000 $4,558 5.00%
    $400k-600k 75 $36,335,000 $484,467 $7,471 4.66%
    $600k-1MM 44 $31,430,000 $714,318 $6,144 4.53%
    $1MM+ 22 $41,770,000 $1,898,636 $7,798 4.63%
    $100,000 or less 17 $1,275,000 $75,000 $3,226 4.96%

    2018 saw Old Line Bank place emphasis on $200k-400k loans with 257 originations, totaling $72,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $35,330,000 $339,712 $6,144 4.84%
    $50k-75k 103 $24,655,000 $239,369 $5,985 4.89%
    $75k-100k 73 $21,375,000 $292,808 $6,941 4.87%
    $150k-250k 72 $34,110,000 $473,750 $6,473 4.62%
    $250k+ 66 $51,880,000 $786,061 $5,813 4.63%
    $50k or less 37 $5,905,000 $159,595 $5,426 4.81%

    Old Line Bank lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 86 $32,920,000 $382,791 $5,718 4.68%
    20-30% 60 $31,290,000 $521,500 $5,834 4.74%
    <20% 34 $17,980,000 $528,824 $4,499 4.73%
    44% 31 $8,385,000 $270,484 $5,806 4.99%
    43% 31 $9,485,000 $305,968 $6,543 4.88%
    42% 26 $10,660,000 $410,000 $6,432 4.76%
    41% 21 $7,555,000 $359,762 $7,369 5.02%
    40% 20 $7,030,000 $351,500 $5,609 4.76%
    38% 18 $7,370,000 $409,444 $5,942 4.74%
    50-60% 17 $3,795,000 $223,235 $7,043 4.51%
    37% 15 $5,235,000 $349,000 $6,340 4.70%
    39% 14 $5,080,000 $362,857 $6,786 5.08%
    46% 14 $4,200,000 $300,000 $6,994 4.97%
    47% 14 $5,210,000 $372,143 $7,111 4.78%
    48% 12 $2,840,000 $236,667 $7,032 4.69%
    36% 10 $2,960,000 $296,000 $5,865 5.18%
    45% 10 $3,200,000 $320,000 $7,497 4.78%
    49% 10 $3,210,000 $321,000 $7,771 4.60%

    Old Line Bank lent most frequently to those with DTI ratios of 30-36%, with 86 originations. The next most common DTI ratio? 20-30%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 207 $96,355,000 $465,483 $5,471 4.70%
    Black 160 $44,950,000 $280,938 $6,872 4.92%
    Not provided 75 $26,445,000 $352,600 $6,602 4.75%
    Not applicable 49 $23,705,000 $483,776 $3,657 5.09%
    Asian 9 $3,655,000 $406,111 $4,395 4.58%
    Asian Indian 2 $1,410,000 $705,000 $8,050 4.69%
    American Indian 2 $520,000 $260,000 $8,215 5.13%

    Approval Rates

    Total approvals of all applications
    81.86%

    Old Line Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.76%

    Old Line Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 504 $197,040,000 $390,952

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $14,025,000 $1,275,000
    Single Family (1-4 Units):Site-Built 493 $183,015,000 $371,227

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $3,950,000 $246,875 $3,203 4.75%
    40-60% 31 $12,805,000 $413,065 $4,813 4.66%
    60-80% 154 $80,630,000 $523,571 $4,748 4.77%
    80-100% 284 $88,690,000 $312,289 $6,775 4.87%
    Over 100% 15 $10,195,000 $679,667 $10,240 4.68%
    Under 20% 1 $65,000 $65,000 $3,275 4.88%