Eaglebank Mortgage Rates, Fees & Info
Bethesda, MDLEI: WVM1F03F86RQLLTEVE84
Tax ID: 52-2099123
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Mortgage Data
Review & Overview
Eaglebank is a smaller bank specializing in Home Purchase and Refi loans. Eaglebank 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.) Their top markets by origination volume include: Washington, Virginia Beach, Baltimore, Vineyard Haven, and New York among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Eaglebank 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. Eaglebank is typically a high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 11/17/24 |
| 30 Year Conventional Refi | 6.25% | 11/17/24 |
| 30 Year Cash-out Refi | 6.56% | 11/17/24 |
| 30 Year FHA Purchase | 7.15% | 11/17/24 |
| 30 Year FHA Refi | 7.90% | 11/17/24 |
| 30 Year VA Purchase | 6.11% | 11/17/24 |
| 30 Year VA Refi | 5.76% | 11/17/24 |
| 15 Year Conventional Purchase | 5.91% | 11/17/24 |
| 15 Year Conventional Refi | 5.88% | 11/17/24 |
| 15 Year Cash-out Refi | 5.88% | 11/17/24 |
| 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. | ||
Eaglebank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
92Origination Dollar Volume (All Markets)
$87,050,000Awards
EagleBank - 2023
EagleBank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Eaglebank's average 30 year fixed mortgage rate was
6.06%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.42%.
Relative Fees (Closing Costs)
Eaglebank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,907.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 72 | $64,980,000 | $902,500 | $8,996 | 6.71% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $12,725,000 | $12,725,000 | $0 | 4.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $4,040,000 | $505,000 | $8,737 | 6.50% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $27,517 | 6.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 7.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $16,537 | 5.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $10,006 | 6.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,094 | 6.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,069 | 6.49% |
| Easton, MD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,917 | 5.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,945 | 5.99% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,431 | 6.49% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against EagleBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 17
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $79,235,000 | $1,085,411 | $7,516 | 6.78% |
| FHA | 11 | $3,825,000 | $347,727 | $12,000 | 6.28% |
| VA | 8 | $3,990,000 | $498,750 | $14,627 | 5.69% |
For 2023, Eaglebank's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2023, Eaglebank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2023, Eaglebank's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 1 Year, with 11 originations.
Origination Fees/Closing Costs
Eaglebank's average total fees were $8,907, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 35 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 35 | $28,835,000 | $823,857 |
| 5-6% | 30 | $14,280,000 | $476,000 |
| Over 8% | 17 | $24,605,000 | $1,447,353 |
| 7-8% | 6 | $3,640,000 | $606,667 |
| 4-5% | 4 | $15,690,000 | $3,922,500 |
During 2023, Eaglebank's average interest rate for loans was 6.06%, while their most frequently originated rate bucket for loans was 6-7%, with 35 originations.
Loan Sizing
2023 saw Eaglebank place emphasis on $200k-400k loans with 26 originations, totaling $8,380,000 in origination value.
Applicant Income
Eaglebank lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
Eaglebank lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.24%
Eaglebank has an average approval rate.
Pick Rate
Approvals leading to origination71.74%
Eaglebank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 92 | $87,050,000 | $946,196 |