Bank Of Bird-in-hand Mortgage Rates, Fees & Info
Lancaster, PALEI: 549300R4XILOL7HDRE77
Tax ID: 32-0412177
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Bird-in-hand is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Bird-in-hand has a high proportion of conventional loans. Their top markets by origination volume include: Lancaster, Philadelphia, Harrisburg, Lebanon, and York among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Bird-in-hand 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
453Origination Dollar Volume (All Markets)
$125,155,000Top 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 |
|---|---|---|---|---|---|
| LANCASTER, PA (FHA|USDA|VA) | 253 | $76,565,000 | $302,628 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 72 | $16,240,000 | $225,556 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 39 | $13,225,000 | $339,103 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 33 | $8,605,000 | $260,758 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $4,315,000 | $205,476 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 22 | $3,130,000 | $142,273 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Bird-in-Hand based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 453 | $125,155,000 | $276,280 | $0 | 0.00% |
For 2022, Bank Of Bird-in-hand's most frequently originated type of loan was Conventional, with 453 originations.
Loan Reason
For 2022, Bank Of Bird-in-hand's most frequently cited loan purpose was Home Purchase, with 274 originations. The 2nd most popular reason was Refi, with 153 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 453 | $125,155,000 | $276,280 | $0 | 0.00% |
For 2022, Bank Of Bird-in-hand's most frequently cited loan duration was Other, with 453 originations.
Loan Sizing
2022 saw Bank Of Bird-in-hand place emphasis on $200k-400k loans with 164 originations, totaling $44,370,000 in origination value.
Applicant Income
Bank Of Bird-in-hand lent most frequently to those with incomes in the $50k-75k range, with 85 originations. The second most popular income band? $100k-150k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 453 | $125,155,000 | $276,280 | $0 | 0.00% |
Bank Of Bird-in-hand lent most frequently to those with DTI ratios of Exempt%, with 453 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.33%
Bank Of Bird-in-hand has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.47%
Bank Of Bird-in-hand 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 | 453 | $125,155,000 | $276,280 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |