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 and Refi loans. The Queenstown Bank Of Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Easton, Salisbury, Cambridge, and Washington among others. We have data for 9 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
130Origination Dollar Volume (All Markets)
$70,160,000Top 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) | 56 | $42,150,000 | $752,679 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 17 | $10,095,000 | $593,824 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $7,745,000 | $309,800 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 13 | $5,475,000 | $421,154 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 15 | $3,235,000 | $215,667 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $70,160,000 | $539,692 | $0 | 0.00% |
For 2022, The Queenstown Bank Of Maryland's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 92 | $47,810,000 | $519,674 | $0 | 0.00% |
| Refi | 32 | $21,840,000 | $682,500 | $0 | 0.00% |
| Home Improvement | 6 | $510,000 | $85,000 | $0 | 0.00% |
For 2022, The Queenstown Bank Of Maryland's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $70,160,000 | $539,692 | $0 | 0.00% |
For 2022, The Queenstown Bank Of Maryland's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2022 saw The Queenstown Bank Of Maryland place emphasis on $200k-400k loans with 48 originations, totaling $14,120,000 in origination value.
Applicant Income
The Queenstown Bank Of Maryland lent most frequently to those with incomes in the $250k+ range, with 29 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $70,160,000 | $539,692 | $0 | 0.00% |
The Queenstown Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.76%
The Queenstown Bank Of Maryland has an average approval rate.
Pick Rate
Approvals leading to origination79.23%
The Queenstown Bank Of Maryland has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $70,160,000 | $539,692 |