Is Jersey Shore State Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Jersey Shore State Bank to those of other lenders for a comparable set of borrowers. Here is our review of Jersey Shore State Bank nationally:
| Review Item | Jersey Shore State Bank |
|---|---|
| Interest Rate | similar to other lenders (-0.07%) |
| Loan Related Closing Costs | similar to other lenders (-$45) |
| National Rate and Closing Cost Star Rating | (4) |
On average, Jersey Shore State Bank’s interest rates were similar to those of other lenders (-0.07%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$45. Overall, combining interest rates and closing costs we estimate that Jersey Shore State Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Jersey Shore State Bank, check out its website at: https://www.jssb.com.
Jersey Shore State Bank’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Jersey Shore State Bank was most active in:
Jersey Shore State Bank’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Jersey Shore State Bank originated Conforming and USDA mortgages for new home purchases. It also originated Conforming mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | USDA |
|---|---|---|
| Interest Rate Difference | -0.08% | -0.08% |
| Loan Related Closing Cost Difference | -$29 | -$23 |
| Cost Adjusted Rate Difference | -0.09% | -0.08% |
| National Star Rating |
| Refinance Mortgages | Conforming |
|---|---|
| Interest Rate Difference | -0.01% |
| Loan Related Closing Cost Difference | -$150 |
| Cost Adjusted Rate Difference | -0.03% |
| Average Star Rating |
As a summary, Jersey Shore State Bank is cheap for Conforming and USDA purchase mortgages. For refinancing mortgages, Jersey Shore State Bank is similar to other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Jersey Shore State Bank:
Registered city and state: WILLIAMSPORT, PA, 17701
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: PENNS WOODS BANCORP, INC.
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Jersey Shore State Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.