The Queenstown Bank Of Maryland Mortgage Rates, Fees & Info

Queenstown, MD

LEI: 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

93

Origination Dollar Volume (All Markets)

$37,645,000

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) 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%
The Queenstown Bank Of Maryland's top markets include Baltimore, Easton, Cambridge, Salisbury, and Dover among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $32,125,000 $452,465 $0 0.00%
    Refi 9 $3,775,000 $419,444 $0 0.00%
    Home Improvement 8 $980,000 $122,500 $0 0.00%
    Other 5 $765,000 $153,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $9,690,000 $302,813 $0 0.00%
    $100k-200k 24 $3,420,000 $142,500 $0 0.00%
    $400k-600k 13 $5,895,000 $453,462 $0 0.00%
    $100,000 or less 11 $715,000 $65,000 $0 0.00%
    $600k-1MM 8 $6,670,000 $833,750 $0 0.00%
    $1MM+ 5 $11,255,000 $2,251,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $6,680,000 $371,111 $0 0.00%
    $250k+ 18 $14,450,000 $802,778 $0 0.00%
    $100k-150k 16 $4,200,000 $262,500 $0 0.00%
    $50k-75k 11 $1,415,000 $128,636 $0 0.00%
    $75k-100k 8 $1,730,000 $216,250 $0 0.00%
    $50k or less 2 $300,000 $150,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $26,815,000 $425,635 $0 0.00%
    Not applicable 20 $8,870,000 $443,500 $0 0.00%
    Not provided 5 $1,245,000 $249,000 $0 0.00%
    Black 5 $715,000 $143,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.69%

    The Queenstown Bank Of Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.95%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $37,645,000 $404,785