The Bank Of Glen Burnie Mortgage Rates, Fees & Info

GLEN BURNIE, MD

LEI: 549300P72SW4OU64XR31

Tax ID: 52-0575023

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    The Bank Of Glen Burnie is a smaller bank specializing in Home Purchase loans. The Bank Of Glen Burnie has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Salisbury, and California among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Glen Burnie has an above average approval rate when compared to the average across all lenders. They have an above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    25

    Origination Dollar Volume (All Markets)

    $11,685,000

    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) 22 $10,360,000 $470,909 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    The Bank Of Glen Burnie's top markets include Baltimore, Salisbury, and California among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 25 $11,685,000 $467,400 $0 0.00%

    For 2023, The Bank Of Glen Burnie's most frequently originated type of loan was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $9,490,000 $474,500 $0 0.00%
    Refi 4 $1,990,000 $497,500 $0 0.00%
    Other 1 $205,000 $205,000 $0 0.00%

    For 2023, The Bank Of Glen Burnie's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 25 $11,685,000 $467,400 $0 0.00%

    For 2023, The Bank Of Glen Burnie's most frequently cited loan duration was Other, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9 $2,735,000 $303,889 $0 0.00%
    $400k-600k 6 $2,620,000 $436,667 $0 0.00%
    $600k-1MM 5 $3,645,000 $729,000 $0 0.00%
    $100k-200k 3 $415,000 $138,333 $0 0.00%
    $1MM+ 2 $2,270,000 $1,135,000 $0 0.00%

    2023 saw The Bank Of Glen Burnie place emphasis on $200k-400k loans with 9 originations, totaling $2,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $5,760,000 $720,000 $0 0.00%
    $150k-250k 7 $3,035,000 $433,571 $0 0.00%
    $100k-150k 4 $1,430,000 $357,500 $0 0.00%
    $75k-100k 3 $895,000 $298,333 $0 0.00%
    $50k or less 1 $155,000 $155,000 $0 0.00%

    The Bank Of Glen Burnie lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 25 $11,685,000 $467,400 $0 0.00%

    The Bank Of Glen Burnie lent most frequently to those with DTI ratios of Exempt%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $8,590,000 $536,875 $0 0.00%
    Not provided 5 $1,875,000 $375,000 $0 0.00%
    Black 2 $810,000 $405,000 $0 0.00%
    Not applicable 2 $410,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    The Bank Of Glen Burnie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.00%

    The Bank Of Glen Burnie has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 25 $11,685,000 $467,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    25 $11,685,000 $467,400