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: Philadelphia, New York, Washington, Baltimore, and Lancaster among others. We have data for 68 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.94% | 4/28/24 |
| 30 Year Conventional Purchase | 6.59% | 4/28/24 |
| 30 Year Conventional Refi | 6.56% | 4/28/24 |
| 30 Year Cash-out Refi | 6.71% | 4/28/24 |
| 30 Year FHA Purchase | 7.29% | 4/28/24 |
| 30 Year FHA Refi | 7.31% | 4/28/24 |
| 30 Year VA Purchase | 6.17% | 4/28/24 |
| 30 Year USDA Purchase | 6.71% | 4/28/24 |
| 15 Year Conventional Purchase | 6.19% | 4/28/24 |
| 15 Year Conventional Refi | 6.07% | 4/28/24 |
| 15 Year Cash-out Refi | 6.07% | 4/28/24 |
| 15 Year FHA Purchase | 5.68% | 4/28/24 |
| 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
7,985Origination Dollar Volume (All Markets)
$2,408,895,000Awards
Fulton Bank - 2022
Fulton Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,293 | $362,555,000 | $280,398 | $5,943 | 3.93% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 594 | $276,730,000 | $465,875 | $7,457 | 3.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 463 | $239,095,000 | $516,404 | $7,114 | 4.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 708 | $233,450,000 | $329,732 | $5,924 | 4.28% |
| LANCASTER, PA (FHA|USDA|VA) | 1,095 | $213,975,000 | $195,411 | $5,344 | 3.77% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 268 | $143,650,000 | $536,007 | $5,633 | 4.14% |
| RICHMOND, VA (FHA|USDA|VA) | 281 | $122,915,000 | $437,420 | $5,265 | 4.26% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 286 | $115,520,000 | $403,916 | $7,037 | 3.79% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 245 | $93,655,000 | $382,265 | $6,062 | 4.34% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 475 | $91,895,000 | $193,463 | $5,815 | 3.64% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 364 | $71,870,000 | $197,445 | $4,765 | 4.14% |
| READING, PA (FHA|USDA|VA) | 361 | $61,635,000 | $170,734 | $4,663 | 4.16% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 248 | $47,160,000 | $190,161 | $4,605 | 4.14% |
| Outside of Metro Areas | 122 | $46,880,000 | $384,262 | $5,767 | 4.65% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $33,605,000 | $33,605,000 | $0 | 3.60% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 87 | $28,545,000 | $328,103 | $6,243 | 3.72% |
| LEBANON, PA (FHA|USDA|VA) | 179 | $27,985,000 | $156,341 | $5,375 | 3.62% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 144 | $27,190,000 | $188,819 | $4,784 | 4.21% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 31 | $17,175,000 | $554,032 | $7,023 | 3.84% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 100 | $14,760,000 | $147,600 | $5,989 | 3.54% |
| Sunbury, PA (FHA|USDA|VA) | 99 | $12,815,000 | $129,444 | $4,404 | 4.48% |
| DOVER, DE (FHA|USDA|VA) | 39 | $12,365,000 | $317,051 | $6,593 | 4.10% |
| Selinsgrove, PA (FHA|USDA|VA) | 96 | $10,720,000 | $111,667 | $4,075 | 3.58% |
| Pottsville, PA (FHA|USDA|VA) | 75 | $9,435,000 | $125,800 | $5,130 | 4.03% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 40 | $9,410,000 | $235,250 | $5,767 | 3.71% |
| Lewisburg, PA (FHA|USDA|VA) | 37 | $8,505,000 | $229,865 | $5,151 | 3.92% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 33 | $7,565,000 | $229,242 | $6,399 | 4.52% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 22 | $6,660,000 | $302,727 | $7,151 | 3.70% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 20 | $5,890,000 | $294,500 | $7,064 | 4.50% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 29 | $4,595,000 | $158,448 | $5,695 | 3.78% |
| GETTYSBURG, PA (FHA|USDA|VA) | 23 | $3,925,000 | $170,652 | $3,854 | 3.80% |
| PITTSBURGH, PA (FHA|USDA|VA) | 8 | $3,550,000 | $443,750 | $5,968 | 4.22% |
| Easton, MD (FHA|USDA|VA) | 6 | $3,320,000 | $553,333 | $6,241 | 3.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $3,215,000 | $1,071,667 | $9,239 | 3.42% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $3,050,000 | $1,525,000 | $9,098 | 3.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 16 | $3,030,000 | $189,375 | $5,596 | 4.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $2,620,000 | $655,000 | $4,875 | 4.78% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $2,575,000 | $515,000 | $4,776 | 4.83% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 21 | $2,545,000 | $121,190 | $4,197 | 4.11% |
| HARRISONBURG, VA (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $4,494 | 3.97% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $6,325 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $4,054 | 3.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $9,975 | 4.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $6,838 | 2.75% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $4,865 | 3.67% |
| Huntingdon, PA (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $4,494 | 3.34% |
| STAUNTON, VA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $3,940 | 3.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $5,692 | 3.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,932 | 4.67% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $7,044 | 5.21% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,390 | 4.58% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $8,958 | 3.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $3,062 | 5.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $3,918 | 3.88% |
| Danville, VA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,712 | 5.69% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,437 | 5.19% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.50% |
| Lewistown, PA (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $0 | 2.57% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,743 | 4.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,323 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,780 | 3.63% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,920 | 4.88% |
| Oil City, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,315 | 2.63% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,375 | 3.31% |
| Indiana, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,630 | 5.88% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.49% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.50% |
| Sayre, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.49% |
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 2022, Fulton Bank's most frequently originated type of loan was Conventional, with 3,989 originations. Their 2nd most popular type was HELOC, with 3,673 originations.
Loan Reason
For 2022, Fulton Bank's most frequently cited loan purpose was Home Purchase, with 3,968 originations. The 2nd most popular reason was Home Improvement, with 1,666 originations.
Loan Duration/Length
For 2022, Fulton Bank's most frequently cited loan duration was Other, with 3,724 originations. The 2nd most popular length was 30 Year, with 3,248 originations.
Origination Fees/Closing Costs
Fulton Bank's average total fees were $5,506, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,023 originations.
Interest Rates
During 2022, Fulton Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was <2.5%, with 2,693 originations.
Loan Sizing
2022 saw Fulton Bank place emphasis on $100,000 or less loans with 2,310 originations, totaling $122,790,000 in origination value.
Applicant Income
Fulton Bank lent most frequently to those with incomes in the $100k-150k range, with 1,480 originations. The second most popular income band? $150k-250k, with 1,432 originations.
Applicant Debt to Income Ratio
Fulton Bank lent most frequently to those with DTI ratios of 20-30%, with 1,705 originations. The next most common DTI ratio? 30-36%, with 1,362 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.93%
Fulton Bank has a below average approval rate.
Pick Rate
Approvals leading to origination79.01%
Fulton Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $85,000 | $85,000 |
| NA | 7,984 | $2,408,810,000 | $301,705 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,985 | $2,408,895,000 | $301,678 |