Jersey Shore State Bank Mortgage Rates, Fees & Info
Williamsport, PALEI: 549300YHEI1EIYO6OO67
Tax ID: 24-0622580
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Mortgage Data
Review & Overview
Jersey Shore State Bank is a smaller bank specializing in Home Purchase and Refi loans. Jersey Shore State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Williamsport, State College, Lock Haven, Altoona, and Scranton among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Jersey Shore State 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. Jersey Shore State Bank is typically an average 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 10/29/24 |
| 30 Year Conventional Purchase | 6.84% | 10/29/24 |
| 30 Year Conventional Refi | 6.74% | 10/29/24 |
| 30 Year Cash-out Refi | 6.66% | 10/29/24 |
| 30 Year USDA Purchase | 6.79% | 10/29/24 |
| 15 Year Conventional Purchase | 6.43% | 10/29/24 |
| 15 Year Conventional Refi | 5.68% | 10/29/24 |
| 15 Year Cash-out Refi | 5.68% | 10/29/24 |
| 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. | ||
Jersey Shore State Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Jersey Shore State Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,518Origination Dollar Volume (All Markets)
$184,440,000Awards
Jersey Shore State Bank - 2023
Jersey Shore State Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Jersey Shore State Bank's average 30 year fixed mortgage rate was
6.48%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0%.
Relative Fees (Closing Costs)
Jersey Shore State Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,999.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| WILLIAMSPORT, PA (FHA|USDA|VA) | 627 | $70,005,000 | $111,651 | $5,485 | 5.90% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 194 | $33,690,000 | $173,660 | $6,258 | 6.33% |
| Lock Haven, PA (FHA|USDA|VA) | 197 | $19,935,000 | $101,193 | $5,276 | 6.04% |
| ALTOONA, PA (FHA|USDA|VA) | 95 | $9,795,000 | $103,105 | $4,225 | 5.93% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 76 | $8,300,000 | $109,211 | $3,714 | 4.27% |
| DuBois, PA (FHA|USDA|VA) | 79 | $7,655,000 | $96,899 | $5,533 | 5.21% |
| Lewisburg, PA (FHA|USDA|VA) | 41 | $6,345,000 | $154,756 | $4,093 | 5.84% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 43 | $5,535,000 | $128,721 | $5,334 | 5.72% |
| Sunbury, PA (FHA|USDA|VA) | 54 | $5,370,000 | $99,444 | $4,562 | 6.29% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $4,705,000 | $4,705,000 | $0 | 5.75% |
| Outside of Metro Areas | 38 | $4,640,000 | $122,105 | $5,953 | 5.48% |
| Huntingdon, PA (FHA|USDA|VA) | 15 | $1,695,000 | $113,000 | $0 | 5.87% |
| Lewistown, PA (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $0 | 6.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $0 | 6.42% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 8 | $710,000 | $88,750 | $4,484 | 4.95% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $4,492 | 5.22% |
| Sayre, PA (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $3,994 | 5.95% |
| Somerset, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,121 | 6.00% |
| Pottsville, PA (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 4.23% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 4.37% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,938 | 5.56% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,627 | 6.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 5.87% |
| St. Marys, PA (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $0 | 4.03% |
| Indiana, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,939 | 6.62% |
| Bradford, PA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $3,724 | 6.62% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Jersey Shore State Bank 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 |
|---|---|---|---|---|---|
| HELOC | 837 | $76,445,000 | $91,332 | n/a | 6.00% |
| Conventional | 607 | $97,755,000 | $161,046 | $5,335 | 5.56% |
| USDA | 74 | $10,240,000 | $138,378 | $7,287 | 6.12% |
For 2023, Jersey Shore State Bank's most frequently originated type of loan was HELOC, with 837 originations. Their 2nd most popular type was Conventional, with 607 originations.
Loan Reason
For 2023, Jersey Shore State Bank's most frequently cited loan purpose was Home Purchase, with 695 originations. The 2nd most popular reason was Refi, with 391 originations.
Loan Duration/Length
For 2023, Jersey Shore State Bank's most frequently cited loan duration was Other, with 904 originations. The 2nd most popular length was 30 Year, with 365 originations.
Origination Fees/Closing Costs
Jersey Shore State Bank's average total fees were $4,999, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 317 originations.
Interest Rates
During 2023, Jersey Shore State Bank's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 707 originations.
Loan Sizing
2023 saw Jersey Shore State Bank place emphasis on $100,000 or less loans with 792 originations, totaling $35,810,000 in origination value.
Applicant Income
Jersey Shore State Bank lent most frequently to those with incomes in the $50k-75k range, with 392 originations. The second most popular income band? $50k or less, with 287 originations.
Applicant Debt to Income Ratio
Jersey Shore State Bank lent most frequently to those with DTI ratios of 20-30%, with 325 originations. The next most common DTI ratio? 30-36%, with 236 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.54%
Jersey Shore State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.39%
Jersey Shore State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,518 | $184,440,000 | $121,502 |