Presidential Bank Fsb Mortgage Rates, Fees & Info
Bethesda, MDLEI: 54930078TNN7GKZ7NU89
Tax ID: 52-1377663
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Mortgage Data
Review & Overview
Presidential Bank Fsb is a smaller bank specializing in Home Purchase loans. Presidential Bank Fsb 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, Richmond, Philadelphia, and Charlottesville among others. We have data for 105 markets. (Some data included below & more in-depth data is available with an active subscription.)Presidential Bank Fsb 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. Presidential Bank Fsb 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 4/28/24 |
| 30 Year Conventional Refi | 7.20% | 4/28/24 |
| 30 Year Cash-out Refi | 6.80% | 4/28/24 |
| 30 Year FHA Purchase | 7.48% | 4/28/24 |
| 30 Year FHA Refi | 7.24% | 4/28/24 |
| 30 Year VA Purchase | 6.32% | 4/28/24 |
| 30 Year VA Refi | 6.01% | 4/28/24 |
| 30 Year USDA Purchase | 6.64% | 4/28/24 |
| 15 Year Conventional Purchase | 6.05% | 4/28/24 |
| 15 Year Conventional Refi | 6.16% | 4/28/24 |
| 15 Year Cash-out Refi | 6.16% | 4/28/24 |
| 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. | ||
Presidential Bank Fsb Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,952Origination Dollar Volume (All Markets)
$764,370,000Awards
Presidential Bank FSB - 2022
Presidential Bank FSB is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 624 | $267,670,000 | $428,958 | $8,656 | 4.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 285 | $109,855,000 | $385,456 | $7,917 | 4.95% |
| RICHMOND, VA (FHA|USDA|VA) | 363 | $97,905,000 | $269,711 | $7,645 | 5.05% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 188 | $66,990,000 | $356,330 | $7,089 | 4.48% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 69 | $27,795,000 | $402,826 | $8,507 | 4.76% |
| Outside of Metro Areas | 61 | $17,935,000 | $294,016 | $7,209 | 5.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 30 | $13,470,000 | $449,000 | $7,364 | 4.40% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 28 | $12,890,000 | $460,357 | $9,017 | 5.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 40 | $12,670,000 | $316,750 | $6,856 | 4.74% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 24 | $8,740,000 | $364,167 | $8,813 | 4.80% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $7,915,000 | $7,915,000 | $0 | 4.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 24 | $7,680,000 | $320,000 | $7,389 | 4.74% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 19 | $7,595,000 | $399,737 | $8,567 | 4.65% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $6,885,000 | $2,295,000 | $10,960 | 5.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $5,900,000 | $2,950,000 | $2,934 | 4.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $4,960,000 | $2,480,000 | $0 | 5.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $4,490,000 | $1,122,500 | $15,267 | 4.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $3,535,000 | $3,535,000 | $0 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $3,500,000 | $875,000 | $9,714 | 5.41% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 7 | $3,205,000 | $457,857 | $5,121 | 4.09% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $3,165,000 | $452,143 | $7,754 | 4.68% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $3,145,000 | $349,444 | $5,300 | 4.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $2,940,000 | $735,000 | $17,090 | 5.59% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $2,690,000 | $1,345,000 | $6,017 | 4.94% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $2,685,000 | $2,685,000 | $0 | 6.00% |
| READING, PA (FHA|USDA|VA) | 8 | $2,580,000 | $322,500 | $7,496 | 4.66% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $2,435,000 | $2,435,000 | $0 | 4.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 7 | $2,305,000 | $329,286 | $6,868 | 4.70% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,205,000 | $315,000 | $7,349 | 5.21% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $12,822 | 5.67% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $1,880,000 | $940,000 | $0 | 5.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $8,355 | 5.04% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $3,401 | 5.09% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $6,314 | 4.54% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $5,842 | 5.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $8,784 | 4.69% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $5,575 | 4.94% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $0 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $8,434 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $8,645 | 5.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $9,872 | 5.29% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,947 | 4.38% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $21,367 | 5.75% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $6,973 | 5.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,619 | 4.04% |
| Crossville, TN (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 4.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,081 | 4.81% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $13,753 | 5.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $6,572 | 5.06% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,456 | 4.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $9,955 | 5.13% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,742 | 6.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,671 | 4.68% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $8,753 | 4.81% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,736 | 4.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $1,040 | 4.44% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $6,599 | 5.38% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 4.65% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,991 | 5.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,502 | 3.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,686 | 5.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,284 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,442 | 5.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,661 | 4.31% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,311 | 5.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,043 | 5.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $15,019 | 5.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $11,429 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,918 | 2.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,091 | 4.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 4.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,990 | 3.75% |
| DOVER, DE (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,228 | 5.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,218 | 4.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $17,552 | 4.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,017 | 5.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,540 | 2.38% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,778 | 3.88% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,856 | 4.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,727 | 3.38% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,577 | 4.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,618 | 7.62% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,091 | 6.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,524 | 5.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,209 | 5.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,646 | 4.63% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,662 | 4.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.75% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $8,858 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.13% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,154 | 5.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,891 | 4.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,684 | 5.99% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,615 | 4.00% |
| New Ulm, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,462 | 3.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,191 | 5.99% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,253 | 6.50% |
| Austin, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,004 | 5.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,121 | 4.50% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,756 | 5.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.38% |
| New Castle, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,741 | 4.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,205 | 3.00% |
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We use machine learning to identify the top lenders compared against Presidential Bank FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Presidential Bank Fsb's most frequently originated type of loan was Conventional, with 1,539 originations. Their 2nd most popular type was FHA, with 197 originations.
Loan Reason
For 2022, Presidential Bank Fsb's most frequently cited loan purpose was Home Purchase, with 1,530 originations. The 2nd most popular reason was Cash Out Refi, with 222 originations.
Loan Duration/Length
For 2022, Presidential Bank Fsb's most frequently cited loan duration was 30 Year, with 1,832 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Presidential Bank Fsb's average total fees were $8,075, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 635 originations.
Interest Rates
During 2022, Presidential Bank Fsb's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 5-6%, with 619 originations.
Loan Sizing
2022 saw Presidential Bank Fsb place emphasis on $200k-400k loans with 917 originations, totaling $270,055,000 in origination value.
Applicant Income
Presidential Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 438 originations. The second most popular income band? $150k-250k, with 430 originations.
Applicant Debt to Income Ratio
Presidential Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 367 originations. The next most common DTI ratio? 30-36%, with 347 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
Presidential Bank Fsb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.60%
Presidential Bank Fsb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,952 | $764,370,000 | $391,583 |