Hebron Savings Bank Mortgage Rates, Fees & Info

Hebron, MD

LEI: 549300RPUEZ5IC514S19

Tax ID: 52-0348540

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Hebron Savings Bank is a smaller bank specializing in Home Purchase loans. Hebron Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Cambridge, Dover, and Baltimore among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hebron Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hebron Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.91% 5/4/24
    30 Year Conventional Refi 7.16% 5/4/24
    15 Year Conventional Purchase 5.68% 5/4/24
    15 Year Conventional Refi 5.68% 5/4/24
    15 Year Cash-out Refi 5.68% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Hebron Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Hebron Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    144

    Origination Dollar Volume (All Markets)

    $29,090,000

    Employee count

    133

    Awards

    Hebron Savings Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 116 $22,950,000 $197,845 $3,406 4.80%
    Cambridge, MD (FHA|USDA|VA) 24 $5,440,000 $226,667 $3,237 4.83%
    Outside of Metro Areas 2 $310,000 $155,000 $1,837 5.00%
    DOVER, DE (FHA|USDA|VA) 1 $235,000 $235,000 $3,652 5.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.00%
    Hebron Savings Bank's top markets include Salisbury, Cambridge, Dover, and Baltimore among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Hebron Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 264
    Hebron Savings Bank
    Similarity Rank: 305
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 943
    Keystone Funding, Inc.
    Similarity Rank: 1143
    PULTE MORTGAGE LLC
    Similarity Rank: 1240
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 1734
    Wilmington Savings Fund Society, FSB
    Similarity Rank: 2560
    Fulton Bank
    Similarity Rank: 2970
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 3248
    EagleBank
    Similarity Rank: 3360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $29,090,000 $202,014 $3,355 4.81%

    For 2018, Hebron Savings Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 104 $21,190,000 $203,750 $3,633 4.80%
    Refi 25 $5,535,000 $221,400 $2,353 4.84%
    Other 11 $1,325,000 $120,455 $3,235 4.80%
    Home Improvement 4 $1,040,000 $260,000 $3,944 5.00%

    For 2018, Hebron Savings Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 31 $11,685,000 $376,935 $4,399 4.73%
    Other 28 $3,180,000 $113,571 $2,208 4.75%
    30 Year 27 $5,265,000 $195,000 $3,007 4.87%
    20 Year 26 $4,530,000 $174,231 $2,764 4.88%
    15 Year 17 $2,105,000 $123,824 $2,273 4.75%
    10 Year 8 $380,000 $47,500 $2,423 5.08%
    1 Year 4 $630,000 $157,500 $0 0.00%
    5 Year 2 $160,000 $80,000 $772 5.00%
    3 Year 1 $1,155,000 $1,155,000 $0 0.00%

    For 2018, Hebron Savings Bank's most frequently cited loan duration was 30+ year, with 31 originations. The 2nd most popular length was Other, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 48 $8,620,000 $179,583
    $1k-2k 28 $9,030,000 $322,500
    $2k-3k 2 $480,000 $240,000

    Hebron Savings Bank's average total fees were $3,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 78 $18,510,000 $237,308
    5-6% 6 $1,050,000 $175,000

    During 2018, Hebron Savings Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,535,000 $64,273 $2,553 4.80%
    $100k-200k 43 $6,095,000 $141,744 $2,738 4.90%
    $200k-400k 27 $7,635,000 $282,778 $3,589 4.83%
    $400k-600k 11 $5,285,000 $480,455 $3,880 4.70%
    $600k-1MM 7 $5,385,000 $769,286 $8,416 4.56%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    2018 saw Hebron Savings Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $3,065,000 $133,261 $2,933 4.94%
    $75k-100k 19 $2,935,000 $154,474 $3,422 4.89%
    $100k-150k 17 $4,315,000 $253,824 $3,717 4.80%
    $150k-250k 16 $4,210,000 $263,125 $3,310 4.81%
    $50k or less 16 $1,430,000 $89,375 $2,719 4.65%
    $250k+ 13 $5,975,000 $459,615 $5,387 4.69%

    Hebron Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $6,100,000 $254,167 $3,860 4.72%
    30-36% 18 $4,080,000 $226,667 $3,535 4.94%
    >60% 17 $2,475,000 $145,588 $0 5.00%
    40% 10 $2,260,000 $226,000 $3,588 4.83%
    <20% 10 $1,650,000 $165,000 $2,779 4.69%
    36% 6 $1,370,000 $228,333 $3,267 5.04%
    42% 5 $1,685,000 $337,000 $1,784 4.65%
    39% 5 $685,000 $137,000 $3,267 4.85%
    38% 3 $685,000 $228,333 $3,209 4.63%
    37% 2 $330,000 $165,000 $2,118 5.00%
    41% 2 $440,000 $220,000 $3,146 5.00%
    43% 2 $560,000 $280,000 $2,938 4.25%
    48% 1 $155,000 $155,000 $3,096 5.00%
    50-60% 1 $55,000 $55,000 $0 0.00%
    47% 1 $95,000 $95,000 $3,544 5.00%

    Hebron Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $22,520,000 $216,538 $3,377 4.81%
    Not applicable 35 $6,075,000 $173,571 $0 0.00%
    Black 3 $225,000 $75,000 $2,992 4.83%
    Korean 1 $215,000 $215,000 $3,453 5.00%
    American Indian 1 $55,000 $55,000 $2,248 5.00%

    Approval Rates

    Total approvals of all applications
    89.85%

    Hebron Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.08%

    Hebron Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 144 $29,090,000 $202,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,840,000 $640,000
    Single Family (1-4 Units):Manufactured 8 $760,000 $95,000
    Single Family (1-4 Units):Site-Built 130 $24,490,000 $188,385

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $205,000 $41,000 $2,229 4.67%
    40-60% 19 $4,165,000 $219,211 $4,095 4.80%
    60-80% 61 $13,025,000 $213,525 $3,326 4.78%
    80-100% 56 $11,310,000 $201,964 $3,277 4.84%
    Under 20% 3 $385,000 $128,333 $772 5.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hebron Savings Bank 100 Market & Race Streets Vienna, MD 21869 Full Service B&M $17,314
    Hebron Savings Bank 1008 West Main Street Salisbury, MD 21801 Full Service B&M $39,123
    Hebron Savings Bank 101 North Main Street Hebron, MD 21830 Full Service B&M $42,240
    Hebron Savings Bank 108 East Cedar Lane Fruitland, MD 21826 Full Service B&M $35,330
    Hebron Savings Bank 1310 Mt. Hermon Road Salisbury, MD 21804 Full Service B&M $63,420
    Hebron Savings Bank 2730 North Salisbury Boulevard Salisbury, MD 21801 Full Service B&M $3,400
    Hebron Savings Bank 2801 Ocean Gateway Cambridge, MD 21613 Full Service B&M $24,054
    Hebron Savings Bank 303 Main Street Sharptown, MD 21861 Full Service B&M $20,985
    Hebron Savings Bank 30499 Mt. Vernon Road Princess Anne, MD 21853 Full Service B&M $57,664
    Hebron Savings Bank 415 E. Carroll Street Salisbury, MD 21804 Full Service B&M $61,556
    Hebron Savings Bank 543c Riverside Dr Salisbury, MD 21801 Full Service B&M $16,600
    Hebron Savings Bank 57 Richardson Avenue Crisfield, MD 21817 Full Service B&M $20,529
    Hebron Savings Bank 6 Cedar Street Cambridge, MD 21613 Full Service B&M $87,797

    For 2018, Hebron Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,031
    Net interest income $21,426
    Total noninterest income $2,169
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,291
    Trading account gains and fees $0
    Additional Noninterest Income $878
    Pre-tax net operating income $7,098
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,381
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,381
    Minority interest net income $0
    Net income $5,381
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,381

    Hebron Savings Bank's gross interest income from loans was $26,031,000.
    Hebron Savings Bank's net interest income from loans was $21,426,000.
    Hebron Savings Bank's fee based income from loans was $1,291,000.
    Hebron Savings Bank's net income from loans was $5,381,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,605
    Provision for credit losses $2,352
    Total noninterest expense $14,145
    Salaries and employee benefits $8,432
    Premises and equipment expense $2,113
    Additional noninterest expense $3,600
    Applicable income taxes $1,717
    Net charge-offs $1,352
    Cash dividends $1,414

    Hebron Savings Bank's interest expense for loans was $4,605,000.
    Hebron Savings Bank's payroll and benefits expense were $8,432,000.
    Hebron Savings Bank's property, plant and equipment expenses $2,113,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 4.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $502,471
    Deposits held in domestic offices $502,471
    Deposits by Individuals, partnerships, and corporations $476,990
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,414
    Deposits by Commercial banks and other depository institutions in U.S. $1,067
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $163,824
    Demand deposits $142,893
    Nontransaction accounts $338,647
    Money market deposit accounts (MMDAs) $42,331
    Other savings deposits (excluding MMDAs) $78,625
    Total time deposits $217,691
    Total time and savings deposits $359,578
    Noninterest-bearing deposits $142,893
    Interest-bearing deposits $359,578
    Retail deposits $459,477
    IRAs and Keogh plan accounts $49,249
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $594,309
    Cash & Balances due from depository institutions $20,120
    Interest-bearing balances $10,204
    Total securities $31,037
    Federal funds sold & reverse repurchase $0
    Net loans and leases $510,287
    Loan and leases loss allowance $8,700
    Trading account assets $0
    Bank premises and fixed assets $11,777
    Other real estate owned $734
    Goodwill and other intangibles $0
    All other assets $20,354

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $594,309
    Total Liabilities $539,310
    Total deposits $502,471
    Interest-bearing deposits $359,578
    Deposits held in domestic offices $502,471
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $34,600
    Subordinated debt $0
    All other liabilities $2,239

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $510,287
    Loan and leases loss allowance $8,700
    Total loans and leases (domestic) $518,987
    All real estate loans $447,657
    Real estate loans in domestic offices $447,657
    Construction and development loans $49,107
    Residential 1-4 family construction $12,295
    Other construction, all land development and other land $36,812
    Loans secured by nonfarm nonresidential properties $157,523
    Nonfarm nonresidential secured by owner-occupied properties $85,725
    Commercial real estate & other non-farm, non-residential $71,798
    Multifamily residential real estate $15,161
    1-4 family residential loans $197,303
    Farmland loans $28,563
    Loans held in foreign offices $0
    Farm loans $7,761
    Commercial and industrial loans $43,448
    To non-U.S. addressees $0
    Loans to individuals $2,890
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $554
    Other loans to individuals $2,336
    All other loans & leases $17,231
    Loans to foreign governments and official institutions $0
    Other loans $471
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,210
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,170
    Non 1-4 family restructured loans & leases $2,925
    Total loans and leases (foreign) $0

    Hebron Savings Bank had $510,287,000 of loans outstanding in 2018. $447,657,000 of loans were in real estate loans. $49,107,000 of loans were in development loans. $15,161,000 of loans were in multifamily mortgage loans. $197,303,000 of loans were in 1-4 family mortgage loans. $7,761,000 of loans were in farm loans. $0 of loans were in credit card loans. $554,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 265 $74,795 $282,245
    Nonfarm, nonresidential loans - <$100k 31 $1,148 $37,032
    Nonfarm, nonresidential loans - $100-250k 91 $11,128 $122,286
    Nonfarm, nonresidential loans - $250k-1MM 143 $62,519 $437,196
    Commercial & Industrial, US addressed loans - <$1MM 490 $38,506 $78,584
    Commercial & Industrial, US addressed loans - <$100k 351 $10,188 $29,026
    Commercial & Industrial, US addressed loans - $100-250k 78 $8,920 $114,359
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $19,398 $318,000
    Farmland loans - <$1MM 58 $9,689 $167,052
    Farmland loans - <$100k 13 $704 $54,154
    Farmland loans - $100-250k 23 $2,810 $122,174
    Farmland loans - $250k-1MM 22 $6,175 $280,682
    Agriculture operations loans - <$1MM 42 $3,592 $85,524
    Agriculture operations loans - <$100k 29 $786 $27,103
    Agriculture operations loans - $100-250k 6 $654 $109,000
    Agriculture operations loans - $250k-1MM 7 $2,152 $307,429