The Bank Of Glen Burnie Mortgage Rates, Fees & Info

GLEN BURNIE, MD

LEI: 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

51

Origination Dollar Volume (All Markets)

$13,635,000

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) 50 $13,350,000 $267,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
The Bank Of Glen Burnie's top markets include Baltimore and Salisbury among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,730,000 $297,308 $0 0.00%
    $100k-200k 17 $2,375,000 $139,706 $0 0.00%
    $400k-600k 5 $2,385,000 $477,000 $0 0.00%
    $100,000 or less 2 $160,000 $80,000 $0 0.00%
    $600k-1MM 1 $985,000 $985,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $3,005,000 $273,182 $0 0.00%
    $150k-250k 8 $3,000,000 $375,000 $0 0.00%
    $50k-75k 7 $1,035,000 $147,857 $0 0.00%
    $250k+ 5 $1,875,000 $375,000 $0 0.00%
    $50k or less 4 $630,000 $157,500 $0 0.00%
    $75k-100k 2 $200,000 $100,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $7,475,000 $241,129 $0 0.00%
    Not applicable 13 $3,645,000 $280,385 $0 0.00%
    Not provided 6 $2,320,000 $386,667 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.32%

    The Bank Of Glen Burnie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.20%

    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%