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 and Refi loans. Hebron Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Cambridge, Easton, Dover, and North Port 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 above 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% 11/17/24
    30 Year Conventional Refi 7.16% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    15 Year Conventional Refi 5.68% 11/17/24
    15 Year Cash-out Refi 5.68% 11/17/24
    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

    107

    Origination Dollar Volume (All Markets)

    $27,165,000

    Employee count

    128

    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) 84 $22,370,000 $266,310 $4,811 4.43%
    Cambridge, MD (FHA|USDA|VA) 17 $2,395,000 $140,882 $3,840 4.48%
    Easton, MD (FHA|USDA|VA) 3 $965,000 $321,667 $5,404 4.25%
    DOVER, DE (FHA|USDA|VA) 2 $930,000 $465,000 $9,172 4.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $505,000 $505,000 $8,365 4.25%
    Hebron Savings Bank's top markets include Salisbury, Cambridge, Easton, Dover, and North Port among others.

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

    Huntingdon Valley Bank
    Similarity Rank: 640
    Hebron Savings Bank
    Similarity Rank: 680
    AMERICAN FEDERAL MORTGAGE CORPORATION
    Similarity Rank: 2060
    TRIDENT MORTGAGE COMPANY LP
    Similarity Rank: 3328
    Strong Home Mortgage, LLC
    Similarity Rank: 3672
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 3869
    EagleBank
    Similarity Rank: 3990
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 4002
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK
    Similarity Rank: 4160
    Mortgage America, Inc.
    Similarity Rank: 4590

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $27,165,000 $253,879 $4,811 4.43%

    For 2020, Hebron Savings Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $20,165,000 $268,867 $5,509 4.41%
    Refi 24 $6,310,000 $262,917 $2,930 4.35%
    Home Improvement 7 $525,000 $75,000 $1,898 5.08%
    Other 1 $165,000 $165,000 $2,574 4.25%

    For 2020, Hebron Savings Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 27 $11,535,000 $427,222 $6,685 4.38%
    30 Year 23 $4,475,000 $194,565 $3,839 4.42%
    Other 22 $6,450,000 $293,182 $2,842 4.25%
    20 Year 14 $2,700,000 $192,857 $3,048 4.50%
    15 Year 13 $1,375,000 $105,769 $2,867 4.40%
    10 Year 8 $630,000 $78,750 $2,011 5.25%

    For 2020, Hebron Savings Bank's most frequently cited loan duration was 30+ year, with 27 originations. The 2nd most popular length was 30 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 38 $5,950,000 $156,579
    $2k-3k 15 $4,595,000 $306,333
    $1k-2k 6 $1,020,000 $170,000
    $3k-4k 2 $910,000 $455,000
    $5k+ 2 $4,460,000 $2,230,000
    $4k-5k 1 $605,000 $605,000

    Hebron Savings Bank's average total fees were $3,839, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 60 $17,140,000 $285,667
    5-6% 2 $210,000 $105,000
    3-4% 1 $135,000 $135,000
    6-7% 1 $55,000 $55,000

    During 2020, Hebron Savings Bank's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $4,780,000 $140,588 $3,421 4.40%
    $100,000 or less 31 $1,825,000 $58,871 $2,745 4.59%
    $200k-400k 28 $8,000,000 $285,714 $5,297 4.36%
    $400k-600k 6 $2,850,000 $475,000 $7,649 4.25%
    $600k-1MM 5 $3,745,000 $749,000 $7,759 4.50%
    $1MM+ 3 $5,965,000 $1,988,333 $20,204 4.25%

    2020 saw Hebron Savings Bank place emphasis on $100k-200k loans with 34 originations, totaling $4,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,955,000 $235,952 $5,353 4.44%
    $50k-75k 19 $2,725,000 $143,421 $3,672 4.39%
    $150k-250k 11 $3,215,000 $292,273 $5,338 4.31%
    $50k or less 11 $765,000 $69,545 $2,766 4.45%
    $250k+ 9 $8,335,000 $926,111 $11,089 4.75%
    $75k-100k 8 $1,740,000 $217,500 $4,162 4.33%

    Hebron Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $3,100,000 $172,222 $3,985 4.43%
    30-36% 14 $5,260,000 $375,714 $5,681 4.54%
    <20% 9 $3,395,000 $377,222 $5,237 4.42%
    42% 8 $2,000,000 $250,000 $4,794 4.25%
    >60% 7 $2,195,000 $313,571 $0 0.00%
    41% 6 $1,220,000 $203,333 $4,378 4.33%
    39% 5 $1,445,000 $289,000 $5,511 4.55%
    37% 3 $1,695,000 $565,000 $3,934 4.75%
    36% 2 $180,000 $90,000 $4,192 4.25%
    40% 2 $360,000 $180,000 $3,744 4.25%
    50-60% 2 $90,000 $45,000 $0 0.00%
    38% 1 $355,000 $355,000 $3,694 4.25%
    46% 1 $325,000 $325,000 $6,013 4.25%

    Hebron Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $21,800,000 $294,595 $4,895 4.42%
    Not applicable 25 $4,345,000 $173,800 $0 0.00%
    Black 5 $485,000 $97,000 $3,778 4.58%
    Not provided 1 $245,000 $245,000 $5,084 4.25%
    American Indian 1 $175,000 $175,000 $4,317 4.25%
    Other Asian 1 $115,000 $115,000 $3,252 4.75%

    Approval Rates

    Total approvals of all applications
    90.00%

    Hebron Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.77%

    Hebron Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 107 $27,165,000 $253,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,435,000 $487,000
    Single Family (1-4 Units):Manufactured 6 $650,000 $108,333
    Single Family (1-4 Units):Site-Built 96 $24,080,000 $250,833

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $425,000 $85,000 $2,810 4.67%
    40-60% 12 $3,840,000 $320,000 $4,028 4.33%
    60-80% 44 $10,730,000 $243,864 $4,585 4.35%
    80-100% 37 $10,765,000 $290,946 $5,507 4.42%
    Under 20% 1 $85,000 $85,000 $0 0.00%

    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 $18,869
    Hebron Savings Bank 1008 West Main Street Salisbury, MD 21801 Full Service B&M $42,491
    Hebron Savings Bank 101 North Main Street Hebron, MD 21830 Full Service B&M $52,106
    Hebron Savings Bank 108 East Cedar Lane Fruitland, MD 21826 Full Service B&M $49,768
    Hebron Savings Bank 1310 Mt. Hermon Road Salisbury, MD 21804 Full Service B&M $82,118
    Hebron Savings Bank 2730 North Salisbury Boulevard Salisbury, MD 21801 Full Service B&M $13,683
    Hebron Savings Bank 2801 Ocean Gateway Cambridge, MD 21613 Full Service B&M $42,072
    Hebron Savings Bank 303 Main Street Sharptown, MD 21861 Full Service B&M $21,472
    Hebron Savings Bank 30499 Mt. Vernon Road Princess Anne, MD 21853 Full Service B&M $64,327
    Hebron Savings Bank 415 E. Carroll Street Salisbury, MD 21804 Full Service B&M $68,115
    Hebron Savings Bank 543c Riverside Dr Salisbury, MD 21801 Full Service B&M $24,754
    Hebron Savings Bank 57 Richardson Avenue Crisfield, MD 21817 Full Service B&M $28,437
    Hebron Savings Bank 6 Cedar Street Cambridge, MD 21613 Full Service B&M $87,411

    For 2020, Hebron Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,094
    Net interest income $21,523
    Total noninterest income $2,187
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $954
    Trading account gains and fees $0
    Additional Noninterest Income $1,233
    Pre-tax net operating income $7,230
    Securities gains (or losses, -) $76
    Income before extraordinary items $5,532
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,532
    Minority interest net income $0
    Net income $5,532
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,471

    Hebron Savings Bank's gross interest income from loans was $27,094,000.
    Hebron Savings Bank's net interest income from loans was $21,523,000.
    Hebron Savings Bank's fee based income from loans was $954,000.
    Hebron Savings Bank's net income from loans was $5,532,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,571
    Provision for credit losses $1,062
    Total noninterest expense $15,418
    Salaries and employee benefits $9,512
    Premises and equipment expense $2,264
    Additional noninterest expense $3,642
    Applicable income taxes $1,774
    Net charge-offs $587
    Cash dividends $1,455

    Hebron Savings Bank's interest expense for loans was $5,571,000.
    Hebron Savings Bank's payroll and benefits expense were $9,512,000.
    Hebron Savings Bank's property, plant and equipment expenses $2,264,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    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 $626,263
    Deposits held in domestic offices $626,263
    Deposits by Individuals, partnerships, and corporations $601,314
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,541
    Deposits by Commercial banks and other depository institutions in U.S. $408
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $257,021
    Demand deposits $216,962
    Nontransaction accounts $369,242
    Money market deposit accounts (MMDAs) $47,865
    Other savings deposits (excluding MMDAs) $99,563
    Total time deposits $221,815
    Total time and savings deposits $409,301
    Noninterest-bearing deposits $216,962
    Interest-bearing deposits $409,302
    Retail deposits $586,535
    IRAs and Keogh plan accounts $50,601
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $720,411
    Cash & Balances due from depository institutions $114,870
    Interest-bearing balances $104,419
    Total securities $24,872
    Federal funds sold & reverse repurchase $0
    Net loans and leases $547,356
    Loan and leases loss allowance $9,300
    Trading account assets $0
    Bank premises and fixed assets $11,821
    Other real estate owned $675
    Goodwill and other intangibles $0
    All other assets $20,817

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $720,411
    Total Liabilities $656,267
    Total deposits $626,263
    Interest-bearing deposits $409,302
    Deposits held in domestic offices $626,263
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $27,504
    Subordinated debt $0
    All other liabilities $2,500

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $547,356
    Loan and leases loss allowance $9,300
    Total loans and leases (domestic) $556,656
    All real estate loans $451,372
    Real estate loans in domestic offices $451,372
    Construction and development loans $54,847
    Residential 1-4 family construction $16,164
    Other construction, all land development and other land $38,683
    Loans secured by nonfarm nonresidential properties $182,770
    Nonfarm nonresidential secured by owner-occupied properties $100,117
    Commercial real estate & other non-farm, non-residential $82,653
    Multifamily residential real estate $7,485
    1-4 family residential loans $177,722
    Farmland loans $28,548
    Loans held in foreign offices $0
    Farm loans $8,085
    Commercial and industrial loans $82,687
    To non-U.S. addressees $0
    Loans to individuals $2,470
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $462
    Other loans to individuals $2,008
    All other loans & leases $12,948
    Loans to foreign governments and official institutions $0
    Other loans $614
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,444
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $9,399
    Non 1-4 family restructured loans & leases $2,797
    Total loans and leases (foreign) $0

    Hebron Savings Bank had $547,356,000 of loans outstanding in 2020. $451,372,000 of loans were in real estate loans. $54,847,000 of loans were in development loans. $7,485,000 of loans were in multifamily mortgage loans. $177,722,000 of loans were in 1-4 family mortgage loans. $8,085,000 of loans were in farm loans. $0 of loans were in credit card loans. $462,000 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 254 $70,932 $279,260
    Nonfarm, nonresidential loans - <$100k 27 $1,185 $43,889
    Nonfarm, nonresidential loans - $100-250k 83 $9,954 $119,928
    Nonfarm, nonresidential loans - $250k-1MM 144 $59,793 $415,229
    Commercial & Industrial, US addressed loans - <$1MM 626 $58,846 $94,003
    Commercial & Industrial, US addressed loans - <$100k 418 $14,547 $34,801
    Commercial & Industrial, US addressed loans - $100-250k 125 $17,022 $136,176
    Commercial & Industrial, US addressed loans - $250k-1MM 83 $27,277 $328,639
    Farmland loans - <$1MM 54 $9,345 $173,056
    Farmland loans - <$100k 9 $422 $46,889
    Farmland loans - $100-250k 26 $3,342 $128,538
    Farmland loans - $250k-1MM 19 $5,581 $293,737
    Agriculture operations loans - <$1MM 39 $2,049 $52,538
    Agriculture operations loans - <$100k 30 $725 $24,167
    Agriculture operations loans - $100-250k 5 $451 $90,200
    Agriculture operations loans - $250k-1MM 4 $873 $218,250