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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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 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

    40

    Origination Dollar Volume (All Markets)

    $13,570,000

    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) 39 $13,455,000 $345,000 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
    The Bank Of Glen Burnie's top markets include and Baltimore among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $13,570,000 $339,250 $0 0.00%

    For 2022, The Bank Of Glen Burnie's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 28 $6,700,000 $239,286 $0 0.00%
    Home Purchase 12 $6,870,000 $572,500 $0 0.00%

    For 2022, The Bank Of Glen Burnie's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $13,570,000 $339,250 $0 0.00%

    For 2022, The Bank Of Glen Burnie's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $3,810,000 $272,143 $0 0.00%
    $100k-200k 11 $1,505,000 $136,818 $0 0.00%
    $400k-600k 6 $2,880,000 $480,000 $0 0.00%
    $100,000 or less 4 $340,000 $85,000 $0 0.00%
    $600k-1MM 4 $2,630,000 $657,500 $0 0.00%
    $1MM+ 1 $2,405,000 $2,405,000 $0 0.00%

    2022 saw The Bank Of Glen Burnie place emphasis on $200k-400k loans with 14 originations, totaling $3,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $2,540,000 $423,333 $0 0.00%
    $100k-150k 5 $2,355,000 $471,000 $0 0.00%
    $50k or less 4 $630,000 $157,500 $0 0.00%
    $75k-100k 4 $690,000 $172,500 $0 0.00%
    $250k+ 3 $3,085,000 $1,028,333 $0 0.00%

    The Bank Of Glen Burnie lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $13,570,000 $339,250 $0 0.00%

    The Bank Of Glen Burnie lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $6,625,000 $509,615 $0 0.00%
    Not applicable 18 $4,270,000 $237,222 $0 0.00%
    Not provided 9 $2,675,000 $297,222 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    The Bank Of Glen Burnie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.00%

    The Bank Of Glen Burnie has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $13,570,000 $339,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $13,570,000 $339,250

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 1 50.0%