The Queenstown Bank Of Maryland Mortgage Rates, Fees & Info
Queenstown, MDLEI: 549300MPX7PJGFD8HA09
Tax ID: 52-0453270
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Queenstown Bank Of Maryland is a smaller bank specializing in Home Purchase loans. The Queenstown Bank Of Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Easton, Cambridge, Salisbury, and Dover among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Queenstown Bank 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.
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Originations
93Origination Dollar Volume (All Markets)
$37,645,000Top 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 |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 42 | $15,560,000 | $370,476 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 10 | $8,480,000 | $848,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 18 | $4,190,000 | $232,778 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $3,750,000 | $468,750 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $3,680,000 | $368,000 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (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 | 93 | $37,645,000 | $404,785 | $0 | 0.00% |
For 2023, The Queenstown Bank Of Maryland's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2023, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $37,645,000 | $404,785 | $0 | 0.00% |
For 2023, The Queenstown Bank Of Maryland's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2023 saw The Queenstown Bank Of Maryland place emphasis on $200k-400k loans with 32 originations, totaling $9,690,000 in origination value.
Applicant Income
The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $37,645,000 | $404,785 | $0 | 0.00% |
The Queenstown Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.69%
The Queenstown Bank Of Maryland has an average approval rate.
Pick Rate
Approvals leading to origination84.95%
The Queenstown Bank Of Maryland has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $37,645,000 | $404,785 |