Calvin B. Taylor Banking Company Of Berlin Maryland Mortgage Rates, Fees & Info

Berlin, MD

LEI: 5493005NXMQ7SP5TOF96

Tax ID: 52-0505410

5 stars - Updated: 4/5/25 - out of 5 stars, based on 11 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Calvin B. Taylor Banking Company Of Berlin Maryland is a smaller bank specializing in Home Purchase loans. Calvin B. Taylor Banking Company Of Berlin Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Virginia Beach, Wilmington, and Blacksburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Calvin B. Taylor Banking Company Of Berlin 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. Calvin B. Taylor Banking Company Of Berlin Maryland is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.44% 4/5/25
    30 Year Conventional Refi 6.37% 4/5/25
    15 Year Conventional Purchase 6.41% 4/5/25
    15 Year Conventional Refi 6.64% 4/5/25
    15 Year Cash-out Refi 6.64% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Calvin B. Taylor Banking Company Of Berlin Maryland Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Calvin B. Taylor Banking Company Of Berlin Maryland. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    126

    Origination Dollar Volume (All Markets)

    $46,500,000

    Awards

    Calvin B. Taylor Banking Company of Berlin Maryland 30 Year Conventional Loans gold Calvin B. Taylor Banking Company of Berlin Maryland 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Calvin B. Taylor Banking Company Of Berlin Maryland's average 30 year fixed mortgage rate was 6.55%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0%.

    Relative Fees (Closing Costs)

    Calvin B. Taylor Banking Company Of Berlin Maryland's average total fees/closing costs for a 30 year fixed rate mortgage were $5,238.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 63 $23,665,000 $375,635 $4,926 6.79%
    Outside of Metro Areas 60 $20,680,000 $344,667 $5,060 6.80%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $21,829 7.45%
    WILMINGTON, NC (FHA|USDA|VA) 1 $645,000 $645,000 $9,016 7.00%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,729 6.75%
    Calvin B. Taylor Banking Company Of Berlin Maryland's top markets include Salisbury, Virginia Beach, Wilmington, and Blacksburg among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Calvin B. Taylor Banking Company of Berlin Maryland based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 50
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 50
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 351
    Wilmington Savings Fund Society, FSB
    Similarity Rank: 1292
    Shore United Bank
    Similarity Rank: 2016
    Morgan Stanley Private Bank
    Similarity Rank: 2646
    TD Bank
    Similarity Rank: 3260
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 3354
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 3420
    FIRST SAVINGS MORTGAGE CORPORATION
    Similarity Rank: 4185

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $46,500,000 $369,048 $5,231 6.80%

    For 2024, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $42,355,000 $388,578 $5,551 6.79%
    Refi 9 $2,855,000 $317,222 $2,905 6.86%
    Home Improvement 5 $565,000 $113,000 $3,069 6.84%
    Other 3 $725,000 $241,667 $3,100 6.83%

    For 2024, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $27,655,000 $412,761 $5,238 6.55%
    15 Year 17 $3,985,000 $234,412 $4,301 6.69%
    20 Year 17 $4,535,000 $266,765 $3,189 7.17%
    Other 16 $6,580,000 $411,250 $3,828 7.17%
    5 Year 5 $1,805,000 $361,000 $0 7.54%
    1 Year 4 $1,940,000 $485,000 $14,611 7.59%

    For 2024, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 46 $15,510,000 $337,174
    $2k-3k 19 $5,875,000 $309,211
    $3k-4k 10 $4,600,000 $460,000
    $1k-2k 4 $640,000 $160,000
    $4k-5k 4 $2,520,000 $630,000
    $5k+ 4 $4,080,000 $1,020,000

    Calvin B. Taylor Banking Company Of Berlin Maryland's average total fees were $5,238, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 54 $19,730,000 $365,370
    7-8% 45 $13,545,000 $301,000
    5-6% 21 $11,665,000 $555,476
    Over 8% 4 $1,170,000 $292,500
    3-4% 1 $215,000 $215,000
    4-5% 1 $175,000 $175,000

    During 2024, Calvin B. Taylor Banking Company Of Berlin Maryland's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 47 $14,375,000 $305,851 $4,653 6.73%
    $100k-200k 25 $3,875,000 $155,000 $3,559 7.04%
    $400k-600k 25 $11,795,000 $471,800 $5,693 6.69%
    $100,000 or less 12 $910,000 $75,833 $2,776 7.11%
    $600k-1MM 12 $8,370,000 $697,500 $7,803 6.58%
    $1MM+ 5 $7,175,000 $1,435,000 $15,347 6.60%

    2024 saw Calvin B. Taylor Banking Company Of Berlin Maryland place emphasis on $200k-400k loans with 47 originations, totaling $14,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $17,670,000 $589,000 $6,721 6.39%
    $150k-250k 26 $6,830,000 $262,692 $4,515 6.99%
    $100k-150k 24 $6,780,000 $282,500 $5,112 6.66%
    $50k or less 7 $885,000 $126,429 $3,098 7.12%
    $75k-100k 5 $935,000 $187,000 $3,343 6.82%
    $50k-75k 4 $740,000 $185,000 $4,025 7.23%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $12,450,000 $389,063 $4,925 6.42%
    30-36% 24 $8,400,000 $350,000 $4,970 6.71%
    <20% 12 $5,260,000 $438,333 $5,578 6.88%
    40% 4 $890,000 $222,500 $4,930 6.93%
    36% 4 $1,400,000 $350,000 $4,920 7.24%
    50-60% 3 $1,825,000 $608,333 $10,421 6.63%
    43% 2 $550,000 $275,000 $4,950 7.40%
    38% 2 $640,000 $320,000 $3,452 6.19%
    44% 1 $505,000 $505,000 $6,553 6.47%
    42% 1 $355,000 $355,000 $3,468 6.50%
    37% 1 $575,000 $575,000 $7,853 5.67%
    41% 1 $375,000 $375,000 $5,926 5.42%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $31,520,000 $358,182 $5,246 6.73%
    Not applicable 27 $11,425,000 $423,148 $0 7.12%
    Not provided 6 $2,230,000 $371,667 $4,995 6.68%
    Asian 4 $1,150,000 $287,500 $5,697 6.59%
    Black 1 $175,000 $175,000 $4,500 5.88%

    Approval Rates

    Total approvals of all applications
    83.03%

    Calvin B. Taylor Banking Company Of Berlin Maryland has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.90%

    Calvin B. Taylor Banking Company Of Berlin Maryland has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 126 $46,500,000 $369,048

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $46,500,000 $369,048

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $4,405,000 $338,846 $5,073 6.92%
    40-60% 22 $9,810,000 $445,909 $7,034 6.71%
    60-80% 67 $25,325,000 $377,985 $5,362 6.89%
    80-100% 18 $6,340,000 $352,222 $4,390 6.49%
    Under 20% 6 $620,000 $103,333 $2,948 6.85%