The Columbia Bank Mortgage Rates, Fees & Info

East Petersburg, PA

LEI: 549300D1R5SJ6KWBXT17

Tax ID: 52-1645572

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

    The Columbia Bank is a smaller bank specializing in Home Purchase loans. The Columbia Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, Philadelphia, Hagerstown, and New York among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Columbia 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. The Columbia Bank 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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    Originations

    1,370

    Origination Dollar Volume (All Markets)

    $432,200,000
    Show all (5) 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) 813 $247,085,000 $303,918 $3,612 4.26%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 295 $129,115,000 $437,678 $3,807 4.35%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 66 $17,870,000 $270,758 $4,756 4.08%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 123 $13,985,000 $113,699 $2,995 3.98%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $9,865,000 $657,667 $7,429 4.33%
    SALISBURY, MD-DE (FHA|USDA|VA) 13 $4,185,000 $321,923 $3,679 3.78%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 11 $1,265,000 $115,000 $2,810 4.28%
    RICHMOND, VA (FHA|USDA|VA) 4 $1,110,000 $277,500 $3,363 4.59%
    YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,100,000 $183,333 $3,921 4.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $800,000 $400,000 $4,904 4.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $795,000 $795,000 $7,060 4.25%
    Outside of Metro Areas 3 $755,000 $251,667 $8,185 4.24%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $735,000 $735,000 $7,396 4.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $650,000 $162,500 $4,033 4.18%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $635,000 $635,000 $6,294 4.50%
    LANCASTER, PA (FHA|USDA|VA) 3 $565,000 $188,333 $3,800 4.67%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $550,000 $275,000 $2,594 4.63%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $385,000 $385,000 $4,559 4.38%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $245,000 $245,000 $3,503 4.75%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $220,000 $110,000 $3,376 3.56%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.78%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $1,924 4.63%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.49%
    The Columbia Bank's top markets include Baltimore, Washington, Philadelphia, Hagerstown, and New York among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Columbia 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
    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Iron Workers Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 872 $368,780,000 $422,913 $3,766 4.68%
    HELOC 498 $63,420,000 $127,349 n/a 3.48%

    For 2018, The Columbia Bank's most frequently originated type of loan was Conventional, with 872 originations. Their 2nd most popular type was HELOC, with 498 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 796 $341,420,000 $428,920 $3,805 4.65%
    Refi 303 $51,305,000 $169,323 $3,702 3.57%
    Other 128 $12,510,000 $97,734 $3,003 3.56%
    Home Improvement 97 $12,995,000 $133,969 $2,828 3.71%
    Cash Out Refi 46 $13,970,000 $303,696 $3,258 4.68%

    For 2018, The Columbia Bank's most frequently cited loan purpose was Home Purchase, with 796 originations. The 2nd most popular reason was Refi, with 303 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 768 $247,170,000 $321,836 $3,717 4.68%
    Other 500 $98,860,000 $197,720 $0 3.49%
    30+ year 31 $16,675,000 $537,903 $5,356 4.47%
    20 Year 29 $5,955,000 $205,345 $3,800 5.31%
    15 Year 27 $7,125,000 $263,889 $3,400 4.00%
    5 Year 9 $6,525,000 $725,000 $0 5.42%
    10 Year 6 $49,890,000 $8,315,000 $2,599 4.84%

    For 2018, The Columbia Bank's most frequently cited loan duration was 30 Year, with 768 originations. The 2nd most popular length was Other, with 500 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 689 $226,985,000 $329,441
    $1k-2k 87 $20,055,000 $230,517
    $2k-3k 27 $9,905,000 $366,852
    $3k-4k 15 $5,475,000 $365,000
    $5k+ 14 $8,670,000 $619,286
    $4k-5k 7 $2,695,000 $385,000

    The Columbia Bank's average total fees were $3,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 689 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 694 $257,020,000 $370,346
    3-4% 300 $108,690,000 $362,300
    2.5-3% 215 $30,445,000 $141,605
    5-6% 126 $32,180,000 $255,397
    6-7% 21 $2,635,000 $125,476
    7-8% 13 $1,175,000 $90,385
    Over 8% 1 $55,000 $55,000

    During 2018, The Columbia Bank's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 694 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 498 $139,070,000 $279,257 $3,590 4.39%
    $100k-200k 371 $53,715,000 $144,784 $2,663 4.19%
    $100,000 or less 280 $15,370,000 $54,893 $2,528 3.90%
    $400k-600k 133 $63,375,000 $476,504 $4,676 4.49%
    $600k-1MM 67 $50,435,000 $752,761 $5,816 4.40%
    $1MM+ 21 $110,235,000 $5,249,286 $9,766 4.22%

    2018 saw The Columbia Bank place emphasis on $200k-400k loans with 498 originations, totaling $139,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 274 $52,110,000 $190,182 $2,976 4.41%
    $100k-150k 259 $59,735,000 $230,637 $3,861 4.21%
    $150k-250k 243 $72,765,000 $299,444 $4,526 4.04%
    $75k-100k 188 $42,730,000 $227,287 $3,559 4.33%
    $250k+ 179 $84,505,000 $472,095 $6,175 3.97%
    $50k or less 175 $21,045,000 $120,257 $2,555 4.28%

    The Columbia Bank lent most frequently to those with incomes in the $50k-75k range, with 274 originations. The second most popular income band? $100k-150k, with 259 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 291 $68,715,000 $236,134 $3,955 4.07%
    30-36% 231 $63,455,000 $274,697 $3,947 4.27%
    <20% 124 $24,100,000 $194,355 $3,822 3.72%
    49% 67 $15,825,000 $236,194 $3,935 4.02%
    42% 58 $15,990,000 $275,690 $3,445 4.33%
    39% 58 $15,250,000 $262,931 $3,628 4.55%
    38% 55 $16,985,000 $308,818 $3,643 4.54%
    44% 53 $11,285,000 $212,925 $3,114 4.33%
    40% 49 $15,325,000 $312,755 $3,540 4.43%
    37% 49 $14,775,000 $301,531 $4,025 4.29%
    46% 48 $11,360,000 $236,667 $3,276 4.31%
    41% 46 $18,070,000 $392,826 $4,874 4.23%
    36% 42 $10,190,000 $242,619 $3,222 4.29%
    48% 42 $9,460,000 $225,238 $4,227 4.51%
    45% 41 $9,275,000 $226,220 $3,250 4.44%
    43% 39 $8,545,000 $219,103 $3,229 4.32%
    47% 29 $6,665,000 $229,828 $3,189 4.42%
    50-60% 5 $345,000 $69,000 $0 3.19%
    >60% 1 $35,000 $35,000 $0 2.99%

    The Columbia Bank lent most frequently to those with DTI ratios of 20-30%, with 291 originations. The next most common DTI ratio? 30-36%, with 231 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 821 $206,845,000 $251,943 $3,854 4.14%
    Not applicable 30 $94,670,000 $3,155,667 $0 5.64%
    Black 259 $63,965,000 $246,969 $3,318 4.70%
    Asian 102 $33,680,000 $330,196 $4,441 4.26%
    Not provided 141 $25,645,000 $181,879 $4,038 3.70%
    Asian Indian 7 $3,935,000 $562,143 $5,049 4.64%
    American Indian 4 $2,000,000 $500,000 $6,178 3.71%
    Native Hawaiian or Islander 2 $670,000 $335,000 $3,075 4.81%
    Other Asian 2 $590,000 $295,000 $0 5.62%
    Chinese 1 $155,000 $155,000 $0 2.99%
    Vietnamese 1 $45,000 $45,000 $0 3.34%

    Approval Rates

    Total approvals of all applications
    82.35%

    The Columbia Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.75%

    The Columbia Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,370 $432,200,000 $315,474

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $88,480,000 $14,746,667
    Single Family (1-4 Units):Site-Built 1,364 $343,720,000 $251,994

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 191 $29,985,000 $156,990 $2,664 3.54%
    40-60% 115 $25,315,000 $220,130 $3,170 3.88%
    60-80% 230 $123,860,000 $538,522 $3,913 4.60%
    80-100% 603 $237,655,000 $394,121 $3,819 4.63%
    Under 20% 231 $15,385,000 $66,602 $2,268 3.64%