First Financial Of Maryland Mortgage Rates, Fees & Info

Lutherville, MD

LEI: 549300C5JF1UNQK9KC45

Tax ID: 52-0677883

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Financial Of Maryland is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. First Financial Of Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, York, Gettysburg, and Salisbury among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Financial Of Maryland 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. First Financial Of 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.52% 4/19/24
    30 Year Conventional Purchase 5.63% 4/19/24
    30 Year Conventional Refi 5.74% 4/19/24
    30 Year Cash-out Refi 5.74% 4/19/24
    15 Year Conventional Purchase 5.92% 4/19/24
    15 Year Conventional Refi 5.35% 4/19/24
    15 Year Cash-out Refi 5.35% 4/19/24
    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.

    First Financial Of Maryland Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Financial Of 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

    644

    Origination Dollar Volume (All Markets)

    $83,540,000

    Awards

    FIRST FINANCIAL OF MARYLAND 30 Year Conventional Loans gold FIRST FINANCIAL OF MARYLAND 30 Year Conventional Loans bronze FIRST FINANCIAL OF MARYLAND 30 Year Conventional Loans gold FIRST FINANCIAL OF MARYLAND 30 Year Conventional Loans gold
    Show all (4) 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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 580 $74,960,000 $129,241 $1,553 3.53%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 20 $4,010,000 $200,500 $2,508 3.20%
    YORK-HANOVER, PA (FHA|USDA|VA) 20 $2,050,000 $102,500 $1,541 3.11%
    GETTYSBURG, PA (FHA|USDA|VA) 7 $935,000 $133,571 $2,258 3.86%
    Outside of Metro Areas 10 $720,000 $72,000 $896 4.13%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $360,000 $180,000 $2,902 4.25%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $310,000 $155,000 $1,606 3.69%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $150,000 $75,000 $0 4.45%
    Easton, MD (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.90%
    First Financial Of Maryland's top markets include Baltimore, Washington, York, Gettysburg, and Salisbury among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST FINANCIAL OF MARYLAND 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
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 126
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126
    POINT BREEZE
    Similarity Rank: 252
    EDUCATIONAL SYSTEMS
    Similarity Rank: 495
    Poli Mortgage Group, Inc.
    Similarity Rank: 504
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ACNB Bank
    Similarity Rank: 684
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 1748

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 434 $68,050,000 $156,797 $1,607 4.32%
    HELOC 210 $15,490,000 $73,762 n/a 1.90%

    For 2018, First Financial Of Maryland's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was HELOC, with 210 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 182 $26,180,000 $143,846 $1,010 3.65%
    NA 127 $8,405,000 $66,181 $0 3.27%
    Home Improvement 113 $6,325,000 $55,973 $0 3.28%
    Refi 102 $18,430,000 $180,686 $1,059 3.62%
    Home Purchase 94 $22,530,000 $239,681 $3,092 3.96%
    Other 26 $1,670,000 $64,231 $0 3.11%

    For 2018, First Financial Of Maryland's most frequently cited loan purpose was Cash Out Refi, with 182 originations. The 2nd most popular reason was NA, with 127 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 232 $25,560,000 $110,172 $999 4.65%
    20 Year 224 $18,140,000 $80,982 $770 2.07%
    30 Year 137 $34,565,000 $252,299 $2,586 4.02%
    10 Year 35 $4,015,000 $114,714 $366 3.67%
    5 Year 13 $965,000 $74,231 $327 2.81%
    Other 3 $295,000 $98,333 $0 4.50%

    For 2018, First Financial Of Maryland's most frequently cited loan duration was 15 Year, with 232 originations. The 2nd most popular length was 20 Year, with 224 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 429 $67,135,000 $156,492
    $1k-2k 2 $370,000 $185,000

    First Financial Of Maryland's average total fees were $2,586, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 429 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 220 $16,360,000 $74,364
    3-4% 167 $36,235,000 $216,976
    4-5% 128 $18,630,000 $145,547
    5-6% 51 $3,365,000 $65,980
    2.5-3% 38 $7,070,000 $186,053
    6-7% 29 $1,375,000 $47,414
    7-8% 5 $145,000 $29,000
    Over 8% 5 $95,000 $19,000

    During 2018, First Financial Of Maryland's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was <2.5%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 349 $16,725,000 $47,923 $886 3.49%
    $100k-200k 150 $21,810,000 $145,400 $1,512 3.58%
    $200k-400k 121 $33,095,000 $273,512 $1,916 3.53%
    $400k-600k 19 $8,695,000 $457,632 $2,485 3.69%
    $600k-1MM 5 $3,215,000 $643,000 $3,623 3.50%

    2018 saw First Financial Of Maryland place emphasis on $100,000 or less loans with 349 originations, totaling $16,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 179 $25,775,000 $143,994 $1,800 3.47%
    $150k-250k 135 $20,315,000 $150,481 $1,436 3.34%
    $50k-75k 124 $12,880,000 $103,871 $1,608 3.75%
    $75k-100k 118 $12,520,000 $106,102 $1,566 3.63%
    $50k or less 58 $4,340,000 $74,828 $1,330 3.48%
    $250k+ 30 $7,710,000 $257,000 $1,945 3.50%

    First Financial Of Maryland lent most frequently to those with incomes in the $100k-150k range, with 179 originations. The second most popular income band? $150k-250k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 177 $24,755,000 $139,859 $1,572 3.43%
    30-36% 123 $16,255,000 $132,154 $1,756 3.54%
    <20% 76 $9,570,000 $125,921 $1,346 3.55%
    50-60% 37 $4,965,000 $134,189 $1,495 3.27%
    36% 26 $2,860,000 $110,000 $1,449 4.04%
    37% 26 $2,340,000 $90,000 $1,335 3.38%
    39% 23 $2,955,000 $128,478 $1,910 3.55%
    42% 22 $3,470,000 $157,727 $2,210 3.13%
    40% 21 $2,715,000 $129,286 $1,096 3.47%
    43% 20 $1,620,000 $81,000 $1,285 4.25%
    38% 17 $2,555,000 $150,294 $1,687 4.24%
    41% 16 $2,730,000 $170,625 $1,941 3.99%
    44% 14 $2,020,000 $144,286 $2,647 3.75%
    46% 10 $820,000 $82,000 $693 2.86%
    45% 10 $1,010,000 $101,000 $1,316 3.85%
    47% 9 $995,000 $110,556 $2,356 3.88%
    >60% 7 $1,035,000 $147,857 $1,423 2.74%
    49% 5 $465,000 $93,000 $2,478 2.35%
    48% 4 $140,000 $35,000 $0 3.05%

    First Financial Of Maryland lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 448 $57,380,000 $128,080 $1,588 3.44%
    Not provided 107 $15,775,000 $147,430 $1,761 3.55%
    Black 70 $7,120,000 $101,714 $1,360 4.02%
    Asian 13 $2,425,000 $186,538 $1,878 3.26%
    Asian Indian 2 $520,000 $260,000 $3,714 4.88%
    American Indian 1 $165,000 $165,000 $333 3.88%
    Other Pacific Islander 1 $95,000 $95,000 $315 3.25%
    Filipino 2 $60,000 $30,000 $0 4.63%

    Approval Rates

    Total approvals of all applications
    93.74%

    First Financial Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.53%

    First Financial Of 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
    0.0 206 $15,120,000 $73,398
    10.0 3 $95,000 $31,667
    140.0 37 $1,675,000 $45,270
    290.0 25 $1,055,000 $42,200
    325.0 8 $310,000 $38,750
    365.0 1 $45,000 $45,000
    470.0 1 $25,000 $25,000
    475.0 7 $255,000 $36,429
    510.0 1 $65,000 $65,000
    65.0 5 $165,000 $33,000
    660.0 34 $2,010,000 $59,118
    695.0 1 $5,000 $5,000
    710.0 1 $75,000 $75,000
    NA 314 $62,640,000 $199,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 644 $83,540,000 $129,720

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 133 $13,195,000 $99,211 $758 3.14%
    40-60% 52 $9,650,000 $185,577 $1,306 3.42%
    60-80% 132 $30,530,000 $231,288 $1,698 3.71%
    80-100% 72 $18,930,000 $262,917 $2,531 4.09%
    Over 100% 1 $165,000 $165,000 $333 3.88%
    Under 20% 253 $10,805,000 $42,708 $497 3.49%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 16.7%