Jersey Shore State Bank Mortgage Rates, Fees & Info

Williamsport, PA

LEI: 549300YHEI1EIYO6OO67

Tax ID: 24-0622580

5 stars - Updated: 10/29/24 - out of 5 stars, based on 39 reviews

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

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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.

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
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

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

This is not an official calculator from Jersey Shore State 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

1,518

Origination Dollar Volume (All Markets)

$184,440,000

Awards

Jersey Shore State Bank 30 Year Conventional Loans silver
Show all (1) awards

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%
Jersey Shore State Bank's top markets include Williamsport, State College, Lock Haven, Altoona, and Scranton among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • 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.

    Reliance Savings Bank
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 695 $112,205,000 $161,446 $5,529 5.59%
    Refi 391 $42,855,000 $109,604 $4,795 5.97%
    Home Improvement 281 $19,345,000 $68,843 $0 6.15%
    Other 143 $9,065,000 $63,392 $2,528 5.97%
    Cash Out Refi 8 $970,000 $121,250 $4,544 6.36%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 904 $95,060,000 $105,155 $0 6.06%
    30 Year 365 $60,915,000 $166,890 $4,999 6.48%
    10 Year 100 $1,160,000 $11,600 $0 0.50%
    20 Year 95 $17,605,000 $185,316 $0 6.73%
    30+ year 25 $7,345,000 $293,800 $7,844 6.64%
    15 Year 21 $2,115,000 $100,714 $3,546 6.68%
    5 Year 6 $80,000 $13,333 $0 1.25%
    1 Year 2 $160,000 $80,000 $0 6.25%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 317 $47,705,000 $150,489
    $2k-3k 42 $10,070,000 $239,762
    $<1k 18 $3,170,000 $176,111
    $3k-4k 8 $2,990,000 $373,750
    $4k-5k 6 $2,350,000 $391,667
    $5k+ 5 $2,615,000 $523,000

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 707 $96,985,000 $137,178
    5-6% 366 $46,640,000 $127,432
    4-5% 245 $23,355,000 $95,327
    <2.5% 98 $680,000 $6,939
    7-8% 88 $15,400,000 $175,000
    Over 8% 13 $1,125,000 $86,538
    3-4% 1 $255,000 $255,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 792 $35,810,000 $45,215 $3,599 5.37%
    $100k-200k 483 $68,895,000 $142,640 $4,773 6.35%
    $200k-400k 210 $55,130,000 $262,524 $6,112 6.29%
    $400k-600k 23 $10,195,000 $443,261 $8,749 6.37%
    $1MM+ 5 $10,645,000 $2,129,000 $0 6.15%
    $600k-1MM 5 $3,765,000 $753,000 $11,767 6.55%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 392 $40,100,000 $102,296 $5,302 5.60%
    $50k or less 287 $20,765,000 $72,352 $3,793 5.22%
    $100k-150k 276 $33,360,000 $120,870 $5,195 6.19%
    $75k-100k 217 $25,745,000 $118,641 $5,923 5.83%
    $150k-250k 130 $18,310,000 $140,846 $6,150 6.01%
    $250k+ 59 $13,135,000 $222,627 $8,638 6.07%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 325 $29,635,000 $91,185 $4,622 5.84%
    30-36% 236 $25,520,000 $108,136 $5,369 5.71%
    <20% 202 $17,870,000 $88,465 $4,584 5.85%
    38% 66 $7,950,000 $120,455 $5,696 5.64%
    39% 66 $8,210,000 $124,394 $7,199 5.67%
    37% 58 $5,860,000 $101,034 $5,029 5.72%
    36% 51 $5,515,000 $108,137 $5,268 5.52%
    40% 38 $3,870,000 $101,842 $6,480 5.65%
    44% 32 $3,450,000 $107,813 $4,758 5.42%
    42% 31 $4,085,000 $131,774 $4,447 6.15%
    41% 31 $3,515,000 $113,387 $6,027 5.04%
    43% 29 $4,025,000 $138,793 $4,629 5.83%
    45% 25 $3,295,000 $131,800 $5,092 5.10%
    46% 22 $3,330,000 $151,364 $5,862 4.79%
    50-60% 19 $4,105,000 $216,053 $6,135 6.46%
    48% 18 $2,340,000 $130,000 $5,191 4.43%
    47% 18 $2,440,000 $135,556 $5,079 4.55%
    49% 15 $1,705,000 $113,667 $4,600 4.53%
    >60% 15 $4,465,000 $297,667 $6,667 6.47%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,281 $143,495,000 $112,018 $5,572 5.80%
    Not applicable 135 $28,845,000 $213,667 $0 6.80%
    Not provided 80 $9,730,000 $121,625 $4,795 4.84%
    Asian 10 $1,340,000 $134,000 $4,583 5.95%
    Black 7 $485,000 $69,286 $0 3.95%
    American Indian 3 $235,000 $78,333 $0 5.83%
    Other Asian 1 $165,000 $165,000 $0 6.00%
    Korean 1 $145,000 $145,000 $0 7.15%

    Approval Rates

    Total approvals of all applications
    93.54%

    Jersey Shore State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.39%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,518 $184,440,000 $121,502

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 294 $26,640,000 $90,612 $4,525 6.07%
    40-60% 158 $22,600,000 $143,038 $5,555 6.16%
    60-80% 238 $47,710,000 $200,462 $5,273 6.43%
    80-100% 399 $73,995,000 $185,451 $5,653 6.44%
    Over 100% 1 $305,000 $305,000 $0 6.25%
    Under 20% 424 $12,640,000 $29,811 $0 4.64%