The Bank Of Glen Burnie Mortgage Rates, Fees & Info
GLEN BURNIE, MDLEI: 549300P72SW4OU64XR31
Tax ID: 52-0575023
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Mortgage Data
Review & Overview
The Bank Of Glen Burnie is a smaller bank specializing in Refi and Home Purchase loans. The Bank Of Glen Burnie has a high proportion of conventional loans. Their top two markets are Baltimore and Salisbury .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.
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Originations
51Origination Dollar Volume (All Markets)
$13,635,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 50 | $13,350,000 | $267,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $13,635,000 | $267,353 | $0 | 0.00% |
For 2018, The Bank Of Glen Burnie's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 26 | $6,720,000 | $258,462 | $0 | 0.00% |
| Home Purchase | 24 | $6,840,000 | $285,000 | $0 | 0.00% |
| Other | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2018, The Bank Of Glen Burnie's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $13,635,000 | $267,353 | $0 | 0.00% |
For 2018, The Bank Of Glen Burnie's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2018 saw The Bank Of Glen Burnie place emphasis on $200k-400k loans with 26 originations, totaling $7,730,000 in origination value.
Applicant Income
The Bank Of Glen Burnie lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $13,635,000 | $267,353 | $0 | 0.00% |
The Bank Of Glen Burnie lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.32%
The Bank Of Glen Burnie has an average approval rate.
Pick Rate
Approvals leading to origination90.20%
The Bank Of Glen Burnie has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $13,635,000 | $267,353 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $1,215,000 | $405,000 |
| Single Family (1-4 Units):Site-Built | 48 | $12,420,000 | $258,750 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 6 | 5.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 30 | 29.4% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Trouble during payment process | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 8 | 7.8% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 14 | 13.7% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |