Old Line Bank Mortgage Rates, Fees & Info

Bowie, MD

LEI: 549300541HUKI2R50N92

Tax ID: 52-1602238

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 and Refi 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, Easton, and Salisbury among others. We have data for 21 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.

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    Originations

    599

    Origination Dollar Volume (All Markets)

    $210,125,000

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 337 $112,455,000 $333,694 $6,386 4.37%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 192 $77,450,000 $403,385 $5,146 4.25%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 25 $5,745,000 $229,800 $5,805 4.55%
    Easton, MD (FHA|USDA|VA) 6 $2,960,000 $493,333 $5,771 4.31%
    Outside of Metro Areas 5 $2,375,000 $475,000 $5,315 4.32%
    SALISBURY, MD-DE (FHA|USDA|VA) 11 $2,275,000 $206,818 $3,812 3.98%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,788 4.29%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $760,000 $380,000 $3,550 3.63%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $620,000 $310,000 $3,730 4.81%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $615,000 $205,000 $5,169 4.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $615,000 $205,000 $6,688 4.17%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $555,000 $555,000 $4,081 3.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $475,000 $475,000 $3,308 4.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $365,000 $365,000 $3,725 3.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $325,000 $325,000 $11,063 3.88%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,457 3.88%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $3,383 4.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,172 4.50%
    Somerset, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,518 4.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,211 4.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,683 3.88%
    Old Line Bank's top markets include Washington, Baltimore, California, Easton, and Salisbury among others.

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

    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
    POINT BREEZE
    Similarity Rank: 270
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 444
    APL
    Similarity Rank: 605
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 612
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 636
    NYMEO FEDERAL CREDIT UNION
    Similarity Rank: 697
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 828
    ACNB Bank
    Similarity Rank: 840
    IDB Global Federal Credit Union
    Similarity Rank: 1182

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 452 $163,740,000 $362,257 $4,592 4.33%
    FHA 104 $30,480,000 $293,077 $9,122 4.26%
    VA 24 $9,830,000 $409,583 $10,155 4.22%
    USDA 14 $3,580,000 $255,714 $6,600 4.00%
    HELOC 5 $2,495,000 $499,000 n/a 5.90%

    For 2019, Old Line Bank's most frequently originated type of loan was Conventional, with 452 originations. Their 2nd most popular type was FHA, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 410 $134,160,000 $327,220 $6,457 4.35%
    Refi 125 $54,265,000 $434,120 $4,263 4.12%
    Cash Out Refi 54 $17,260,000 $319,630 $4,777 4.57%
    Home Improvement 9 $4,165,000 $462,778 $4,657 4.35%
    NA 1 $275,000 $275,000 $0 5.25%

    For 2019, Old Line Bank's most frequently cited loan purpose was Home Purchase, with 410 originations. The 2nd most popular reason was Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 442 $144,570,000 $327,081 $6,069 4.23%
    10 Year 52 $19,380,000 $372,692 $2,919 4.99%
    15 Year 32 $8,270,000 $258,438 $3,375 3.77%
    30+ year 31 $17,125,000 $552,419 $5,744 4.34%
    Other 18 $13,060,000 $725,556 $3,242 4.64%
    1 Year 11 $4,305,000 $391,364 $0 5.80%
    5 Year 8 $950,000 $118,750 $0 4.50%
    20 Year 5 $2,465,000 $493,000 $3,145 3.82%

    For 2019, Old Line Bank's most frequently cited loan duration was 30 Year, with 442 originations. The 2nd most popular length was 10 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 456 $154,360,000 $338,509
    $2k-3k 29 $9,235,000 $318,448
    $5k+ 13 $4,815,000 $370,385
    $3k-4k 10 $3,680,000 $368,000
    $<1k 6 $1,100,000 $183,333
    $4k-5k 2 $980,000 $490,000

    Old Line Bank's average total fees were $6,069, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 456 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 295 $104,475,000 $354,153
    3-4% 233 $84,235,000 $361,524
    5-6% 67 $19,625,000 $292,910
    6-7% 3 $505,000 $168,333

    During 2019, Old Line Bank's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 323 $93,645,000 $289,923 $5,865 4.27%
    $400k-600k 112 $53,950,000 $481,696 $7,096 4.21%
    $100k-200k 96 $15,280,000 $159,167 $4,202 4.51%
    $600k-1MM 33 $23,525,000 $712,879 $5,770 4.30%
    $100,000 or less 23 $1,545,000 $67,174 $3,072 4.65%
    $1MM+ 12 $22,180,000 $1,848,333 $5,922 4.66%

    2019 saw Old Line Bank place emphasis on $200k-400k loans with 323 originations, totaling $93,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 144 $50,050,000 $347,569 $6,282 4.24%
    $75k-100k 104 $30,220,000 $290,577 $6,315 4.19%
    $150k-250k 91 $38,535,000 $423,462 $5,728 4.24%
    $50k-75k 86 $20,850,000 $242,442 $5,606 4.33%
    $250k+ 64 $37,420,000 $584,688 $4,506 4.23%
    $50k or less 47 $8,715,000 $185,426 $5,360 4.18%

    Old Line Bank lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $75k-100k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 92 $29,580,000 $321,522 $4,841 4.12%
    30-36% 87 $34,185,000 $392,931 $5,703 4.27%
    <20% 38 $13,940,000 $366,842 $3,528 4.17%
    42% 36 $11,920,000 $331,111 $6,665 4.37%
    37% 31 $9,785,000 $315,645 $5,119 4.22%
    44% 31 $9,925,000 $320,161 $7,491 4.36%
    41% 29 $9,465,000 $326,379 $6,269 4.46%
    40% 24 $7,550,000 $314,583 $5,595 4.23%
    38% 23 $7,375,000 $320,652 $6,450 4.21%
    36% 21 $9,045,000 $430,714 $6,535 4.12%
    43% 21 $6,735,000 $320,714 $5,904 4.35%
    39% 17 $6,935,000 $407,941 $6,717 4.22%
    49% 14 $4,200,000 $300,000 $6,459 3.91%
    48% 13 $3,405,000 $261,923 $5,687 4.23%
    47% 12 $3,270,000 $272,500 $5,993 4.33%
    45% 12 $3,500,000 $291,667 $5,882 4.27%
    46% 11 $3,535,000 $321,364 $6,724 4.22%
    50-60% 9 $3,205,000 $356,111 $10,259 4.18%
    >60% 4 $1,560,000 $390,000 $9,913 4.66%

    Old Line Bank lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 249 $94,445,000 $379,297 $4,849 4.17%
    Black 154 $45,330,000 $294,351 $7,321 4.35%
    Not provided 109 $37,385,000 $342,982 $5,958 4.28%
    Not applicable 62 $24,180,000 $390,000 $0 5.02%
    Asian 21 $7,415,000 $353,095 $4,308 4.01%
    American Indian 3 $1,125,000 $375,000 $8,201 4.08%
    Other Asian 1 $245,000 $245,000 $3,814 4.12%

    Approval Rates

    Total approvals of all applications
    85.81%

    Old Line Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.62%

    Old Line Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 599 $210,125,000 $350,793

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $9,815,000 $3,271,667
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 595 $200,175,000 $336,429

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,025,000 $201,667 $3,495 4.36%
    40-60% 51 $14,835,000 $290,882 $3,753 4.33%
    60-80% 203 $76,875,000 $378,695 $4,195 4.39%
    80-100% 299 $98,145,000 $328,244 $6,674 4.25%
    Over 100% 25 $16,235,000 $649,400 $15,551 4.54%
    Under 20% 4 $390,000 $97,500 $1,972 4.34%