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, and Lakeland among others. We have data for 4 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

    94

    Origination Dollar Volume (All Markets)

    $22,700,000

    Employee count

    129

    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) 77 $20,165,000 $261,883 $5,170 4.31%
    Cambridge, MD (FHA|USDA|VA) 14 $2,060,000 $147,143 $3,767 4.68%
    Outside of Metro Areas 2 $350,000 $175,000 $4,564 4.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Hebron Savings Bank's top markets include Salisbury, Cambridge, and Lakeland among others.

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

    Hebron Savings Bank
    Similarity Rank: 676
    Chicago Mortgage Solutions LLC
    Similarity Rank: 2268
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 2508
    Vellum Mortgage, Inc.
    Similarity Rank: 2652
    MidAtlantic Farm Credit, ACA
    Similarity Rank: 3024
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 3233
    THE MORTGAGE LINK, INC.
    Similarity Rank: 3825
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 4092
    EagleBank
    Similarity Rank: 4611
    Santander Bank, N.A.
    Similarity Rank: 4960

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $22,700,000 $241,489 $4,919 4.36%

    For 2021, Hebron Savings Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 76 $19,610,000 $258,026 $5,302 4.28%
    Refi 13 $2,715,000 $208,846 $2,948 4.25%
    Home Improvement 5 $375,000 $75,000 $2,829 5.58%

    For 2021, Hebron Savings Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 26 $3,670,000 $141,154 $3,647 4.25%
    30+ year 19 $7,305,000 $384,474 $6,289 4.25%
    30 Year 16 $4,050,000 $253,125 $4,213 4.31%
    Other 16 $5,630,000 $351,875 $3,005 4.50%
    15 Year 11 $1,595,000 $145,000 $3,299 5.75%
    1 Year 5 $435,000 $87,000 $0 0.00%
    10 Year 1 $15,000 $15,000 $0 0.00%

    For 2021, Hebron Savings Bank's most frequently cited loan duration was 20 Year, with 26 originations. The 2nd most popular length was 30+ year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 23 $5,135,000 $223,261
    $2k-3k 10 $2,890,000 $289,000
    $1k-2k 7 $945,000 $135,000
    $3k-4k 2 $950,000 $475,000
    $5k+ 1 $2,385,000 $2,385,000

    Hebron Savings Bank's average total fees were $4,213, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 41 $12,455,000 $303,780
    5-6% 2 $130,000 $65,000
    7-8% 1 $25,000 $25,000

    During 2021, Hebron Savings Bank's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $2,035,000 $65,645 $3,167 4.65%
    $200k-400k 28 $7,530,000 $268,929 $5,113 4.25%
    $100k-200k 25 $3,435,000 $137,400 $3,902 4.36%
    $400k-600k 5 $2,655,000 $531,000 $5,999 4.25%
    $1MM+ 3 $5,655,000 $1,885,000 $22,904 4.25%
    $600k-1MM 2 $1,390,000 $695,000 $5,797 4.25%

    2021 saw Hebron Savings Bank place emphasis on $100,000 or less loans with 31 originations, totaling $2,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,865,000 $143,462 $4,055 4.25%
    $100k-150k 11 $3,135,000 $285,000 $5,543 4.25%
    $150k-250k 9 $1,925,000 $213,889 $3,993 4.38%
    $50k or less 9 $895,000 $99,444 $4,053 4.42%
    $75k-100k 9 $1,935,000 $215,000 $4,633 4.68%
    $250k+ 8 $4,440,000 $555,000 $9,597 4.25%

    Hebron Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $2,030,000 $145,000 $3,965 4.61%
    30-36% 10 $2,630,000 $263,000 $4,836 4.39%
    >60% 6 $630,000 $105,000 $0 0.00%
    36% 4 $780,000 $195,000 $4,117 4.25%
    43% 4 $740,000 $185,000 $4,747 4.25%
    40% 4 $3,050,000 $762,500 $9,627 4.25%
    39% 3 $865,000 $288,333 $3,589 4.25%
    42% 3 $565,000 $188,333 $3,718 4.25%
    <20% 2 $770,000 $385,000 $5,357 4.25%
    38% 2 $520,000 $260,000 $5,447 4.25%
    46% 2 $790,000 $395,000 $4,754 4.25%
    50-60% 2 $390,000 $195,000 $5,851 4.25%
    48% 1 $45,000 $45,000 $0 0.00%
    41% 1 $355,000 $355,000 $6,124 4.25%
    47% 1 $245,000 $245,000 $0 0.00%

    Hebron Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $13,525,000 $237,281 $4,976 4.37%
    Not applicable 33 $8,095,000 $245,303 $0 0.00%
    Not provided 1 $765,000 $765,000 $4,770 4.25%
    Asian 1 $165,000 $165,000 $2,684 4.25%
    Black 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.21%

    Hebron Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.02%

    Hebron Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 94 $22,700,000 $241,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    94 $22,700,000 $241,489

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $350,000 $87,500 $2,918 5.75%
    40-60% 9 $1,205,000 $133,889 $3,564 4.25%
    60-80% 37 $12,345,000 $333,649 $6,095 4.25%
    80-100% 37 $8,025,000 $216,892 $4,724 4.29%
    Over 100% 1 $95,000 $95,000 $0 0.00%
    Under 20% 4 $210,000 $52,500 $2,374 5.25%

    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 $25,774
    Hebron Savings Bank 1008 West Main Street Salisbury, MD 21801 Full Service B&M $49,954
    Hebron Savings Bank 101 North Main Street Hebron, MD 21830 Full Service B&M $58,687
    Hebron Savings Bank 108 East Cedar Lane Fruitland, MD 21826 Full Service B&M $71,837
    Hebron Savings Bank 1310 Mt. Hermon Road Salisbury, MD 21804 Full Service B&M $86,179
    Hebron Savings Bank 2730 North Salisbury Boulevard Salisbury, MD 21801 Full Service B&M $15,846
    Hebron Savings Bank 2801 Ocean Gateway Cambridge, MD 21613 Full Service B&M $58,851
    Hebron Savings Bank 303 Main Street Sharptown, MD 21861 Full Service B&M $25,523
    Hebron Savings Bank 30499 Mt. Vernon Road Princess Anne, MD 21853 Full Service B&M $74,115
    Hebron Savings Bank 415 E. Carroll Street Salisbury, MD 21804 Full Service B&M $70,022
    Hebron Savings Bank 543c Riverside Dr Salisbury, MD 21801 Full Service B&M $23,701
    Hebron Savings Bank 57 Richardson Avenue Crisfield, MD 21817 Full Service B&M $36,829
    Hebron Savings Bank 6 Cedar Street Cambridge, MD 21613 Full Service B&M $87,696

    For 2021, Hebron Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,673
    Net interest income $20,864
    Total noninterest income $2,479
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $978
    Trading account gains and fees $0
    Additional Noninterest Income $1,501
    Pre-tax net operating income $7,720
    Securities gains (or losses, -) $-126
    Income before extraordinary items $5,728
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,728
    Minority interest net income $0
    Net income $5,728
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,827

    Hebron Savings Bank's gross interest income from loans was $25,673,000.
    Hebron Savings Bank's net interest income from loans was $20,864,000.
    Hebron Savings Bank's fee based income from loans was $978,000.
    Hebron Savings Bank's net income from loans was $5,728,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,809
    Provision for credit losses $126
    Total noninterest expense $15,497
    Salaries and employee benefits $9,518
    Premises and equipment expense $2,353
    Additional noninterest expense $3,626
    Applicable income taxes $1,866
    Net charge-offs $126
    Cash dividends $1,436

    Hebron Savings Bank's interest expense for loans was $4,809,000.
    Hebron Savings Bank's payroll and benefits expense were $9,518,000.
    Hebron Savings Bank's property, plant and equipment expenses $2,353,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $736,418
    Deposits held in domestic offices $736,418
    Deposits by Individuals, partnerships, and corporations $712,692
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,276
    Deposits by Commercial banks and other depository institutions in U.S. $450
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $315,744
    Demand deposits $267,280
    Nontransaction accounts $420,674
    Money market deposit accounts (MMDAs) $60,216
    Other savings deposits (excluding MMDAs) $147,321
    Total time deposits $213,137
    Total time and savings deposits $469,138
    Noninterest-bearing deposits $267,280
    Interest-bearing deposits $469,138
    Retail deposits $698,343
    IRAs and Keogh plan accounts $50,790
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $822,820
    Cash & Balances due from depository institutions $224,385
    Interest-bearing balances $214,635
    Total securities $68,512
    Federal funds sold & reverse repurchase $0
    Net loans and leases $498,052
    Loan and leases loss allowance $9,300
    Trading account assets $0
    Bank premises and fixed assets $11,472
    Other real estate owned $235
    Goodwill and other intangibles $0
    All other assets $20,164

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $822,820
    Total Liabilities $755,063
    Total deposits $736,418
    Interest-bearing deposits $469,138
    Deposits held in domestic offices $736,418
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,206
    Subordinated debt $0
    All other liabilities $2,439

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $498,052
    Loan and leases loss allowance $9,300
    Total loans and leases (domestic) $507,352
    All real estate loans $434,706
    Real estate loans in domestic offices $434,706
    Construction and development loans $49,441
    Residential 1-4 family construction $18,100
    Other construction, all land development and other land $31,341
    Loans secured by nonfarm nonresidential properties $191,383
    Nonfarm nonresidential secured by owner-occupied properties $94,613
    Commercial real estate & other non-farm, non-residential $96,770
    Multifamily residential real estate $4,560
    1-4 family residential loans $164,221
    Farmland loans $25,101
    Loans held in foreign offices $0
    Farm loans $6,955
    Commercial and industrial loans $52,975
    To non-U.S. addressees $0
    Loans to individuals $3,485
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $484
    Other loans to individuals $3,001
    All other loans & leases $10,063
    Loans to foreign governments and official institutions $0
    Other loans $306
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,200
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $8,137
    Non 1-4 family restructured loans & leases $1,687
    Total loans and leases (foreign) $0

    Hebron Savings Bank had $498,052,000 of loans outstanding in 2021. $434,706,000 of loans were in real estate loans. $49,441,000 of loans were in development loans. $4,560,000 of loans were in multifamily mortgage loans. $164,221,000 of loans were in 1-4 family mortgage loans. $6,955,000 of loans were in farm loans. $0 of loans were in credit card loans. $484,000 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 252 $68,217 $270,702
    Nonfarm, nonresidential loans - <$100k 31 $1,424 $45,935
    Nonfarm, nonresidential loans - $100-250k 82 $10,221 $124,646
    Nonfarm, nonresidential loans - $250k-1MM 139 $56,572 $406,993
    Commercial & Industrial, US addressed loans - <$1MM 418 $43,315 $103,624
    Commercial & Industrial, US addressed loans - <$100k 257 $8,450 $32,879
    Commercial & Industrial, US addressed loans - $100-250k 96 $13,026 $135,688
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $21,839 $335,985
    Farmland loans - <$1MM 49 $8,640 $176,327
    Farmland loans - <$100k 9 $385 $42,778
    Farmland loans - $100-250k 21 $2,615 $124,524
    Farmland loans - $250k-1MM 19 $5,640 $296,842
    Agriculture operations loans - <$1MM 26 $1,234 $47,462
    Agriculture operations loans - <$100k 18 $353 $19,611
    Agriculture operations loans - $100-250k 6 $706 $117,667
    Agriculture operations loans - $250k-1MM 2 $175 $87,500