County Savings Bank Mortgage Rates, Fees & Info

Tinicum Township, PA

LEI: 549300HP3G6D4BYR6V26

Tax ID: 23-0562235

5 stars - Updated: 10/29/24 - out of 5 stars, based on 6 reviews

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

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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

    County Savings Bank is a smaller bank specializing in Home Purchase loans. County Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Baltimore, and Salisbury among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    County Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. County Savings Bank 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 relatively high 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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    Originations

    38

    Origination Dollar Volume (All Markets)

    $6,850,000

    Awards

    County Savings Bank 30 Year Conventional Loans silver County Savings Bank 30 Year Conventional Loans gold County Savings Bank 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    County Savings Bank's average 30 year fixed mortgage rate was 6.08%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.4%.

    Relative Fees (Closing Costs)

    County Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,062.

    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 $9,089.

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 36 $6,010,000 $166,944 $2,019 5.84%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $545,000 $545,000 $5,290 5.75%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $295,000 $295,000 $4,833 6.25%
    County Savings Bank's top markets include Philadelphia, Baltimore, and Salisbury among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against County Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
    County Savings Bank
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 156
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 392
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 438
    Dover Federal Credit Union
    Similarity Rank: 506
    Financial Freedom Mortgage, LLC
    Similarity Rank: 549
    FRANKLIN MINT
    Similarity Rank: 570
    FREEDOM CREDIT UNION
    Similarity Rank: 900
    FEDERATED LENDING CORPORATION
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $6,850,000 $180,263 $2,188 5.85%

    For 2023, County Savings Bank's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12 $4,700,000 $391,667 $5,181 6.06%
    Other 10 $1,010,000 $101,000 $878 5.98%
    Home Improvement 9 $245,000 $27,222 $164 5.61%
    Refi 7 $895,000 $127,857 $1,202 5.63%

    For 2023, County Savings Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Other, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 15 $5,595,000 $373,000 $5,062 6.08%
    10 Year 9 $505,000 $56,111 $175 5.83%
    5 Year 6 $160,000 $26,667 $165 5.19%
    Other 4 $140,000 $35,000 $288 5.66%
    15 Year 3 $255,000 $85,000 $206 6.42%
    20 Year 1 $195,000 $195,000 $3,840 5.63%

    For 2023, County Savings Bank's most frequently cited loan duration was 30 Year, with 15 originations. The 2nd most popular length was 10 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $985,000 $46,905
    $1k-2k 15 $5,625,000 $375,000

    County Savings Bank's average total fees were $5,062, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 22 $3,840,000 $174,545
    6-7% 11 $2,855,000 $259,545
    4-5% 4 $100,000 $25,000
    7-8% 1 $55,000 $55,000

    During 2023, County Savings Bank's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was 5-6%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $950,000 $43,182 $332 5.68%
    $200k-400k 5 $1,295,000 $259,000 $4,193 6.15%
    $400k-600k 5 $2,475,000 $495,000 $5,665 5.85%
    $100k-200k 4 $720,000 $180,000 $2,863 6.28%
    $600k-1MM 2 $1,410,000 $705,000 $6,952 6.13%

    2023 saw County Savings Bank place emphasis on $100,000 or less loans with 22 originations, totaling $950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,040,000 $104,000 $985 5.85%
    $150k-250k 7 $1,795,000 $256,429 $3,150 5.86%
    $250k+ 6 $2,830,000 $471,667 $5,025 6.17%
    $50k-75k 4 $110,000 $27,500 $162 5.25%
    $50k or less 4 $190,000 $47,500 $1,316 5.91%
    $75k-100k 4 $650,000 $162,500 $2,959 6.06%

    County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $3,370,000 $240,714 $2,742 5.69%
    <20% 6 $1,230,000 $205,000 $3,111 6.25%
    30-36% 6 $980,000 $163,333 $1,684 5.67%
    39% 3 $355,000 $118,333 $1,622 5.92%
    38% 2 $200,000 $100,000 $2,008 5.56%
    36% 1 $185,000 $185,000 $4,473 6.75%
    41% 1 $175,000 $175,000 $276 6.25%
    43% 1 $45,000 $45,000 $621 5.88%
    45% 1 $75,000 $75,000 $176 6.50%

    County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $6,070,000 $168,611 $2,057 5.84%
    Black 1 $615,000 $615,000 $6,757 5.75%
    Not applicable 1 $165,000 $165,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    County Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.37%

    County Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 38 $6,850,000 $180,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $6,850,000 $180,263

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $865,000 $96,111 $977 6.01%
    40-60% 3 $665,000 $221,667 $2,983 6.04%
    60-80% 6 $2,680,000 $446,667 $5,518 6.21%
    80-100% 5 $2,155,000 $431,000 $5,394 5.85%
    Under 20% 15 $485,000 $32,333 $193 5.58%