Arundel Federal Savings Bank Mortgage Rates, Fees & Info
Glen Burnie, MDLEI: 549300P5XMXPZNGV5915
Tax ID: 52-0230272
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Arundel Federal Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Arundel Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, Easton, Philadelphia, and California among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Arundel Federal Savings Bank 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
132Origination Dollar Volume (All Markets)
$52,820,000Top 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) | 116 | $45,680,000 | $393,793 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $4,295,000 | $477,222 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $410,000 | $205,000 | $0 | 0.00% |
| SALISBURY, MD-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 | 132 | $52,820,000 | $400,152 | $0 | 0.00% |
For 2022, Arundel Federal Savings Bank's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2022, Arundel Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $52,820,000 | $400,152 | $0 | 0.00% |
For 2022, Arundel Federal Savings Bank's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2022 saw Arundel Federal Savings Bank place emphasis on $200k-400k loans with 45 originations, totaling $13,175,000 in origination value.
Applicant Income
Arundel Federal Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $52,820,000 | $400,152 | $0 | 0.00% |
Arundel Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
Arundel Federal 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 origination84.09%
Arundel Federal Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $52,820,000 | $400,152 |