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 (well, only) market is Baltimore.The Bank Of Glen Burnie has an 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
33Origination Dollar Volume (All Markets)
$9,195,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 33 | $9,195,000 | $278,636 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $9,195,000 | $278,636 | $0 | 0.00% |
For 2019, The Bank Of Glen Burnie's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 18 | $5,010,000 | $278,333 | $0 | 0.00% |
| Home Purchase | 13 | $3,895,000 | $299,615 | $0 | 0.00% |
| Other | 2 | $290,000 | $145,000 | $0 | 0.00% |
For 2019, The Bank Of Glen Burnie's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $9,195,000 | $278,636 | $0 | 0.00% |
For 2019, The Bank Of Glen Burnie's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2019 saw The Bank Of Glen Burnie place emphasis on $100k-200k loans with 13 originations, totaling $1,725,000 in origination value.
Applicant Income
The Bank Of Glen Burnie lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $9,195,000 | $278,636 | $0 | 0.00% |
The Bank Of Glen Burnie lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.00%
The Bank Of Glen Burnie has a below average approval rate.
Pick Rate
Approvals leading to origination96.97%
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 | 33 | $9,195,000 | $278,636 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 33 | $9,195,000 | $278,636 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 34 | 33.3% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 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 | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 13 | 12.7% |
| 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 | Incorrect information on your report | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Reverse mortgage | Closing on a mortgage | 1 | 1.0% |