Jarrettsville Federal Savings & Loan Assn Mortgage Rates, Fees & Info

Jarrettsville, MD

LEI: 549300JEBZPKAD7H6427

Tax ID: 52-0366370

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
  • 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

    Jarrettsville Federal Savings & Loan Assn is a smaller mortgage company specializing in Home Purchase loans. Jarrettsville Federal Savings & Loan Assn has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, York, Salisbury, and Williamsport among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jarrettsville Federal Savings & Loan Assn 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.

    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

    32

    Origination Dollar Volume (All Markets)

    $9,550,000

    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) 24 $8,250,000 $343,750 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $755,000 $151,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Jarrettsville Federal Savings & Loan Assn's top markets include Baltimore, York, Salisbury, and Williamsport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $9,550,000 $298,438 $0 0.00%

    For 2023, Jarrettsville Federal Savings & Loan Assn's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $8,340,000 $417,000 $0 0.00%
    Home Improvement 5 $265,000 $53,000 $0 0.00%
    Cash Out Refi 5 $645,000 $129,000 $0 0.00%
    Refi 2 $300,000 $150,000 $0 0.00%

    For 2023, Jarrettsville Federal Savings & Loan Assn's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 32 $9,550,000 $298,438 $0 0.00%

    For 2023, Jarrettsville Federal Savings & Loan Assn's most frequently cited loan duration was Other, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $505,000 $56,111 $0 0.00%
    $200k-400k 9 $2,445,000 $271,667 $0 0.00%
    $400k-600k 7 $3,435,000 $490,714 $0 0.00%
    $600k-1MM 4 $2,720,000 $680,000 $0 0.00%
    $100k-200k 3 $445,000 $148,333 $0 0.00%

    2023 saw Jarrettsville Federal Savings & Loan Assn place emphasis on $100,000 or less loans with 9 originations, totaling $505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $3,865,000 $351,364 $0 0.00%
    $100k-150k 10 $2,570,000 $257,000 $0 0.00%
    $75k-100k 4 $650,000 $162,500 $0 0.00%
    $250k+ 3 $1,965,000 $655,000 $0 0.00%
    $50k or less 2 $220,000 $110,000 $0 0.00%
    $50k-75k 1 $25,000 $25,000 $0 0.00%

    Jarrettsville Federal Savings & Loan Assn lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 32 $9,550,000 $298,438 $0 0.00%

    Jarrettsville Federal Savings & Loan Assn lent most frequently to those with DTI ratios of Exempt%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $7,975,000 $295,370 $0 0.00%
    Not provided 3 $1,305,000 $435,000 $0 0.00%
    Not applicable 1 $255,000 $255,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.37%

    Jarrettsville Federal Savings & Loan Assn 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
    84.38%

    Jarrettsville Federal Savings & Loan Assn has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 32 $9,550,000 $298,438

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    32 $9,550,000 $298,438