First Shore Federal Savings And Loan Association Mortgage Rates, Fees & Info
Salisbury, MDLEI: 549300HJP2WLL8KDCA15
Tax ID: 52-0633253
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Shore Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. First Shore Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, Easton, Cambridge, and Baltimore among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First Shore Federal Savings And Loan Association 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.
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Originations
218Origination Dollar Volume (All Markets)
$33,460,000Top 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) | 202 | $30,370,000 | $150,347 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 9 | $1,555,000 | $172,778 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $675,000 | $225,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 218 | $33,460,000 | $153,486 | $0 | 0.00% |
For 2023, First Shore Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 218 originations.
Loan Reason
For 2023, First Shore Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 218 | $33,460,000 | $153,486 | $0 | 0.00% |
For 2023, First Shore Federal Savings And Loan Association's most frequently cited loan duration was Other, with 218 originations.
Loan Sizing
2023 saw First Shore Federal Savings And Loan Association place emphasis on $100,000 or less loans with 100 originations, totaling $6,060,000 in origination value.
Applicant Income
First Shore Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $150k-250k, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 218 | $33,460,000 | $153,486 | $0 | 0.00% |
First Shore Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.97%
First Shore Federal Savings And Loan Association has a below average approval rate.
Pick Rate
Approvals leading to origination64.68%
First Shore Federal Savings And Loan Association 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 |
|---|---|---|---|
| Exempt | 218 | $33,460,000 | $153,486 |