Fulton Bank Mortgage Rates, Fees & Info
Lancaster, PALEI: DZC62HF6UIZYJ08V1J90
Tax ID: 23-1928421
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Mortgage Data
Review & Overview
Fulton Bank is a small bank specializing in Home Purchase loans. Fulton Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Washington, Baltimore, and Lancaster among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Fulton 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. Fulton 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) | 3.94% | 12/16/24 |
| 30 Year Conventional Purchase | 6.59% | 12/16/24 |
| 30 Year Conventional Refi | 6.56% | 12/16/24 |
| 30 Year Cash-out Refi | 6.71% | 12/16/24 |
| 30 Year FHA Purchase | 7.29% | 12/16/24 |
| 30 Year FHA Refi | 7.31% | 12/16/24 |
| 30 Year VA Purchase | 6.17% | 12/16/24 |
| 30 Year USDA Purchase | 6.71% | 12/16/24 |
| 15 Year Conventional Purchase | 6.19% | 12/16/24 |
| 15 Year Conventional Refi | 6.07% | 12/16/24 |
| 15 Year Cash-out Refi | 6.07% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| 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. | ||
Fulton Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,594Origination Dollar Volume (All Markets)
$1,773,530,000Awards
Fulton Bank - 2023
Fulton 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
Fulton Bank's average 30 year fixed mortgage rate was
6.6%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Fulton Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,449.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 469 | $251,225,000 | $535,661 | $8,437 | 6.37% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 907 | $238,525,000 | $262,982 | $6,906 | 6.43% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 352 | $209,970,000 | $596,506 | $7,985 | 6.36% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 451 | $153,555,000 | $340,477 | $6,765 | 6.40% |
| LANCASTER, PA (FHA|USDA|VA) | 780 | $152,560,000 | $195,590 | $6,338 | 6.28% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 207 | $110,695,000 | $534,758 | $5,838 | 6.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 187 | $99,435,000 | $531,738 | $7,561 | 6.54% |
| RICHMOND, VA (FHA|USDA|VA) | 189 | $89,375,000 | $472,884 | $6,060 | 6.56% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 179 | $58,355,000 | $326,006 | $7,114 | 6.35% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 259 | $51,695,000 | $199,595 | $6,571 | 6.31% |
| READING, PA (FHA|USDA|VA) | 284 | $47,270,000 | $166,444 | $5,460 | 6.53% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 262 | $42,210,000 | $161,107 | $5,522 | 6.51% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 171 | $39,315,000 | $229,912 | $6,328 | 6.47% |
| HARRISONBURG, VA (FHA|USDA|VA) | 5 | $31,095,000 | $6,219,000 | $5,603 | 6.38% |
| Outside of Metro Areas | 84 | $25,380,000 | $302,143 | $6,219 | 6.56% |
| LEBANON, PA (FHA|USDA|VA) | 153 | $23,555,000 | $153,954 | $4,963 | 6.31% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 61 | $19,465,000 | $319,098 | $8,157 | 6.57% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 70 | $11,870,000 | $169,571 | $5,190 | 6.44% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 23 | $10,915,000 | $474,565 | $6,532 | 7.53% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 78 | $9,420,000 | $120,769 | $6,815 | 6.06% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 31 | $8,525,000 | $275,000 | $5,849 | 6.54% |
| Selinsgrove, PA (FHA|USDA|VA) | 71 | $7,865,000 | $110,775 | $5,288 | 6.42% |
| DOVER, DE (FHA|USDA|VA) | 23 | $6,315,000 | $274,565 | $6,981 | 6.30% |
| Pottsville, PA (FHA|USDA|VA) | 49 | $6,285,000 | $128,265 | $5,100 | 6.53% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 25 | $6,035,000 | $241,400 | $6,705 | 6.30% |
| Sunbury, PA (FHA|USDA|VA) | 43 | $5,875,000 | $136,628 | $5,111 | 6.32% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 24 | $5,010,000 | $208,750 | $5,977 | 6.52% |
| GETTYSBURG, PA (FHA|USDA|VA) | 17 | $3,845,000 | $226,176 | $10,044 | 6.04% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $3,385,000 | $1,128,333 | $7,545 | 7.92% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 12 | $3,000,000 | $250,000 | $8,063 | 7.39% |
| STAUNTON, VA (FHA|USDA|VA) | 4 | $2,950,000 | $737,500 | $5,819 | 6.97% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 5 | $2,875,000 | $575,000 | $5,242 | 5.90% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $2,855,000 | $951,667 | $10,880 | 6.67% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $2,745,000 | $549,000 | $7,016 | 6.40% |
| Lewisburg, PA (FHA|USDA|VA) | 19 | $2,675,000 | $140,789 | $4,710 | 6.72% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $5,806 | 6.47% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,980,000 | $990,000 | $7,190 | 6.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 12 | $1,850,000 | $154,167 | $5,742 | 6.59% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $5,387 | 7.55% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 11 | $1,525,000 | $138,636 | $3,806 | 6.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $7,856 | 6.69% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $23,570 | 6.38% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $5,147 | 6.28% |
| ERIE, PA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $9,299 | 6.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,746 | 6.66% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,499 | 6.71% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,041 | 6.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $6,135 | 7.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $6,258 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $4,359 | 5.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,824 | 6.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 10.00% |
| Huntingdon, PA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,205 | 7.10% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,839 | 8.06% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 6.69% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,204 | 6.75% |
| Easton, MD (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 5.87% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,717 | 5.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,308 | 7.38% |
| Sanford, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,336 | 5.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,286 | 7.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,318 | 6.63% |
| Meadville, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,153 | 5.75% |
| Lewistown, PA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $5,777 | 6.08% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,130 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,820 | 6.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,841 | 7.13% |
| Somerset, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,932 | 5.75% |
| DuBois, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,443 | 5.88% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,767 | 6.13% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.74% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against Fulton 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
For 2023, Fulton Bank's most frequently originated type of loan was Conventional, with 2,690 originations. Their 2nd most popular type was HELOC, with 2,670 originations.
Loan Reason
For 2023, Fulton Bank's most frequently cited loan purpose was Home Purchase, with 2,940 originations. The 2nd most popular reason was Home Improvement, with 1,163 originations.
Loan Duration/Length
For 2023, Fulton Bank's most frequently cited loan duration was Other, with 2,699 originations. The 2nd most popular length was 30 Year, with 2,341 originations.
Origination Fees/Closing Costs
Fulton Bank's average total fees were $6,449, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,555 originations.
Interest Rates
During 2023, Fulton Bank's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 2,163 originations.
Loan Sizing
2023 saw Fulton Bank place emphasis on $100,000 or less loans with 1,589 originations, totaling $84,395,000 in origination value.
Applicant Income
Fulton Bank lent most frequently to those with incomes in the $250k+ range, with 1,150 originations. The second most popular income band? $150k-250k, with 1,048 originations.
Applicant Debt to Income Ratio
Fulton Bank lent most frequently to those with DTI ratios of 20-30%, with 1,027 originations. The next most common DTI ratio? 30-36%, with 912 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.75%
Fulton Bank has a below average approval rate.
Pick Rate
Approvals leading to origination76.65%
Fulton Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,594 | $1,773,530,000 | $317,041 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,594 | $1,773,530,000 | $317,041 |