The Bank Of Delmarva Mortgage Rates, Fees & Info

SALISBURY, MD

LEI: 549300T77W6SEYOH0U64

Tax ID: 52-0238575

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
  • 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 Delmarva is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Delmarva has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Ocean City, Dover, Washington, and Philadelphia among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Delmarva 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.

    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.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $18,350,000

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 28 $13,640,000 $487,143 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $2,350,000 $1,175,000 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 2 $870,000 $435,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
    Outside of Metro Areas 1 $235,000 $235,000 $0 0.00%
    The Bank Of Delmarva's top markets include Salisbury, Ocean City, Dover, Washington, and Philadelphia among others.

    Their top states include:
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $18,350,000 $509,722 $0 0.00%

    For 2023, The Bank Of Delmarva's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $14,125,000 $487,069 $0 0.00%
    Refi 4 $3,710,000 $927,500 $0 0.00%
    Home Improvement 3 $515,000 $171,667 $0 0.00%

    For 2023, The Bank Of Delmarva's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $18,350,000 $509,722 $0 0.00%

    For 2023, The Bank Of Delmarva's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,110,000 $259,167 $0 0.00%
    $100k-200k 9 $1,375,000 $152,778 $0 0.00%
    $100,000 or less 4 $260,000 $65,000 $0 0.00%
    $1MM+ 4 $9,340,000 $2,335,000 $0 0.00%
    $400k-600k 4 $2,020,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,245,000 $748,333 $0 0.00%

    2023 saw The Bank Of Delmarva place emphasis on $200k-400k loans with 12 originations, totaling $3,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $2,300,000 $383,333 $0 0.00%
    $50k or less 4 $570,000 $142,500 $0 0.00%
    $75k-100k 3 $385,000 $128,333 $0 0.00%
    $100k-150k 1 $165,000 $165,000 $0 0.00%
    $150k-250k 1 $455,000 $455,000 $0 0.00%

    The Bank Of Delmarva lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $50k or less, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $14,475,000 $689,286 $0 0.00%
    White 13 $3,145,000 $241,923 $0 0.00%
    Not provided 2 $730,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    The Bank Of Delmarva has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    The Bank Of Delmarva has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 36 $18,350,000 $509,722

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $18,350,000 $509,722