Hsbc Bank Usa National Association Mortgage Rates, Fees & Info

MCLEAN, IL

LEI: 1IE8VN30JCEQV1H4R804

Tax ID: 20-1177241

5 stars - Updated: 6/9/24 - out of 5 stars, based on 51 reviews

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

Jump to:

Mortgage Data

Review & Overview

Hsbc Bank Usa National Association is a small bank specializing in Home Purchase loans. Hsbc Bank Usa National Association has a high proportion of conventional loans. Their top markets by origination volume include: New York, San Jose, Los Angeles, San Francisco, and Seattle among others. We have data for 151 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hsbc Bank Usa National Association 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. Hsbc Bank Usa National Association 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 4.56% 6/9/24
30 Year Conventional Purchase 5.82% 6/9/24
30 Year Conventional Refi 5.81% 6/9/24
30 Year Cash-out Refi 6.02% 6/9/24
30 Year FHA Purchase 6.27% 6/9/24
30 Year FHA Refi 6.27% 6/9/24
30 Year VA Purchase 6.27% 6/9/24
30 Year VA Refi 6.27% 6/9/24
15 Year Conventional Purchase 5.47% 6/9/24
15 Year Conventional Refi 5.57% 6/9/24
15 Year Cash-out Refi 5.57% 6/9/24
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.

Hsbc Bank Usa National Association Mortgage Calculator






Your Estimates

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

This is not an official calculator from Hsbc Bank Usa National Association. 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

2,627

Origination Dollar Volume (All Markets)

$2,850,525,000
Show all (22) awards

Relative Rate

Hsbc Bank Usa National Association's average 30 year fixed mortgage rate was 6.22%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.26%.

Relative Fees (Closing Costs)

Hsbc Bank Usa National Association's average total fees/closing costs for a 30 year fixed rate mortgage were $6,908.

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) 694 $722,230,000 $1,040,677 $6,686 6.15%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 427 $613,395,000 $1,436,522 $5,352 6.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 234 $335,630,000 $1,434,316 $10,317 6.21%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 308 $333,700,000 $1,083,442 $7,248 6.22%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 166 $164,460,000 $990,723 $6,150 6.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 98 $149,090,000 $1,521,327 $11,662 6.37%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 43 $76,645,000 $1,782,442 $9,575 6.39%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 30 $35,980,000 $1,199,333 $10,889 6.15%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 49 $35,405,000 $722,551 $6,783 6.33%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 22 $30,710,000 $1,395,909 $10,536 6.03%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 27 $25,515,000 $945,000 $6,403 6.24%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 37 $22,565,000 $609,865 $6,389 6.29%
Glenwood Springs, CO (FHA|USDA|VA) 2 $19,240,000 $9,620,000 $0 6.34%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 29 $17,845,000 $615,345 $7,738 6.57%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $13,245,000 $575,870 $7,817 6.34%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 30 $11,380,000 $379,333 $6,324 6.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $10,970,000 $609,444 $7,707 6.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 21 $10,755,000 $512,143 $6,691 6.35%
Hilo, HI (FHA|USDA|VA) 1 $9,875,000 $9,875,000 $18,998 5.99%
Outside of Metro Areas 12 $9,800,000 $816,667 $9,987 6.01%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 20 $9,640,000 $482,000 $5,445 6.32%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $9,165,000 $3,055,000 $11,649 5.67%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $8,210,000 $684,167 $5,099 6.13%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $7,840,000 $3,920,000 $19,146 6.05%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $7,575,000 $582,692 $4,723 6.47%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $7,550,000 $629,167 $5,601 6.35%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $6,960,000 $497,143 $6,351 6.30%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $6,880,000 $1,146,667 $8,785 6.26%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 24 $6,540,000 $272,500 $4,730 6.47%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $6,090,000 $609,000 $8,649 6.14%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $5,435,000 $494,091 $6,846 6.39%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $5,160,000 $430,000 $6,293 6.47%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $4,890,000 $611,250 $4,112 6.21%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 8 $4,500,000 $562,500 $4,992 5.84%
Outside of Metro Areas 2 $4,100,000 $2,050,000 $8,761 7.30%
STOCKTON, CA (FHA|USDA|VA) 6 $4,010,000 $668,333 $5,796 5.94%
PITTSBURGH, PA (FHA|USDA|VA) 4 $3,640,000 $910,000 $8,340 5.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $3,605,000 $3,605,000 $17,638 5.48%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $3,570,000 $595,000 $6,868 6.00%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,745,000 $392,143 $4,360 5.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $2,545,000 $509,000 $4,919 6.41%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $4,475 6.31%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $7,588 6.51%
Heber, UT (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $5,266 6.43%
Steamboat Springs, CO (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $6,391 6.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $1,990,000 $995,000 $9,312 7.05%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,975,000 $658,333 $5,036 5.99%
BOULDER, CO (FHA|USDA|VA) 2 $1,840,000 $920,000 $6,708 5.83%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,840,000 $920,000 $5,208 6.45%
BRUNSWICK, GA (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $11,567 5.64%
RICHMOND, VA (FHA|USDA|VA) 4 $1,740,000 $435,000 $4,351 6.93%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $1,700,000 $850,000 $4,473 6.29%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,695,000 $339,000 $4,066 6.49%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,685,000 $337,000 $4,214 6.49%
Hudson, NY (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $5,519 6.66%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $1,605,000 $535,000 $3,854 6.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,605,000 $321,000 $5,973 6.28%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $12,979 6.32%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $6,963 5.25%
Sonora, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $5,852 5.99%
SALINAS, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $7,898 6.54%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,280,000 $640,000 $6,101 5.98%
BEND, OR (FHA|USDA|VA) 2 $1,260,000 $630,000 $9,030 5.37%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $5,820 5.89%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,105,000 $368,333 $6,572 6.00%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,732 6.49%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $6,743 6.28%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,395 7.09%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $8,918 5.98%
SANTA FE, NM (FHA|USDA|VA) 1 $965,000 $965,000 $6,875 5.57%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $960,000 $240,000 $4,707 6.49%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $930,000 $465,000 $5,677 6.37%
FRESNO, CA (FHA|USDA|VA) 1 $905,000 $905,000 $4,248 5.29%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $905,000 $905,000 $9,726 5.68%
SAVANNAH, GA (FHA|USDA|VA) 1 $905,000 $905,000 $6,670 5.50%
Ellensburg, WA (FHA|USDA|VA) 2 $900,000 $450,000 $4,030 6.30%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $860,000 $430,000 $5,707 6.97%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $840,000 $420,000 $5,121 6.48%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $795,000 $265,000 $4,100 6.42%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $790,000 $395,000 $5,120 6.95%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $765,000 $765,000 $4,163 5.94%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $745,000 $248,333 $5,530 6.31%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $740,000 $370,000 $3,180 6.37%
COLUMBUS, OH (FHA|USDA|VA) 1 $715,000 $715,000 $5,417 5.99%
Kerrville, TX (FHA|USDA|VA) 1 $675,000 $675,000 $7,173 5.65%
Kapaa, HI (FHA|USDA|VA) 1 $665,000 $665,000 $6,805 5.05%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $655,000 $655,000 $5,112 6.32%
ROCHESTER, NY (FHA|USDA|VA) 3 $635,000 $211,667 $3,462 6.73%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $635,000 $635,000 $4,848 6.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $610,000 $305,000 $5,092 6.37%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $6,386 6.22%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $600,000 $300,000 $3,204 6.62%
Kalispell, MT (FHA|USDA|VA) 1 $555,000 $555,000 $3,779 5.92%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $550,000 $275,000 $5,543 6.35%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $540,000 $270,000 $4,562 6.40%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $535,000 $535,000 $4,616 6.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $515,000 $515,000 $4,161 7.11%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $515,000 $515,000 $0 6.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $505,000 $505,000 $3,511 7.55%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $480,000 $240,000 $0 6.76%
GAINESVILLE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $6,208 7.02%
RACINE, WI (FHA|USDA|VA) 1 $445,000 $445,000 $3,546 5.99%
MIDLAND, TX (FHA|USDA|VA) 1 $425,000 $425,000 $6,773 6.51%
Durango, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,385 5.99%
PROVO-OREM, UT (FHA|USDA|VA) 1 $425,000 $425,000 $3,916 7.57%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $395,000 $395,000 $3,322 5.87%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $395,000 $395,000 $2,942 6.02%
THE VILLAGES, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,323 7.51%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.01%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $375,000 $375,000 $4,757 6.75%
Centralia, WA (FHA|USDA|VA) 1 $365,000 $365,000 $4,389 7.36%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $365,000 $365,000 $0 7.05%
LAWRENCE, KS (FHA|USDA|VA) 1 $365,000 $365,000 $2,872 7.12%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $360,000 $180,000 $4,823 6.56%
Oak Harbor, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.79%
GLENS FALLS, NY (FHA|USDA|VA) 1 $335,000 $335,000 $4,216 5.48%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 6.17%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $335,000 $335,000 $3,735 7.15%
Bozeman, MT (FHA|USDA|VA) 1 $325,000 $325,000 $3,389 7.17%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $0 6.88%
Elko, NV (FHA|USDA|VA) 1 $325,000 $325,000 $3,503 6.56%
LANCASTER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $5,923 6.39%
ANN ARBOR, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.30%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $295,000 $295,000 $3,990 7.08%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,990 6.14%
BOISE CITY, ID (FHA|USDA|VA) 1 $295,000 $295,000 $5,244 6.33%
EL PASO, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,117 6.89%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,944 5.90%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $285,000 $285,000 $2,787 6.64%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $285,000 $285,000 $3,560 6.39%
Cookeville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $3,774 5.87%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $3,071 7.57%
LaGrange, GA-AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.74%
BATON ROUGE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $4,582 7.88%
Rutland, VT (FHA|USDA|VA) 1 $255,000 $255,000 $5,180 7.68%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $4,003 6.71%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,466 6.16%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.83%
Durant, OK (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.90%
KINGSTON, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.99%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,631 6.91%
KNOXVILLE, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.68%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.38%
Oil City, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,061 7.50%
ELMIRA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.49%
Torrington, CT (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.99%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.99%
ALBANY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $3,192 6.38%
PEORIA, IL (FHA|USDA|VA) 3 $75,000 $25,000 $0 8.48%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.74%
Hsbc Bank Usa National Association's top markets include New York, San Jose, Los Angeles, San Francisco, and Seattle among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HSBC BANK USA NATIONAL ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
    NIAGARA'S CHOICE
    Similarity Rank: 22
    SIKORSKY FINANCIAL
    Similarity Rank: 35
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    Thomaston Savings Bank
    Similarity Rank: 42
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    Union Savings Bank
    Similarity Rank: 84
    MISSION
    Similarity Rank: 93

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,269 $2,706,445,000 $1,192,792 $6,939 6.14%
    HELOC 358 $144,080,000 $402,458 n/a 6.70%

    For 2023, Hsbc Bank Usa National Association's most frequently originated type of loan was Conventional, with 2,269 originations. Their 2nd most popular type was HELOC, with 358 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,142 $2,432,480,000 $1,135,612 $6,905 6.15%
    Home Improvement 204 $57,180,000 $280,294 $6,825 6.65%
    Cash Out Refi 117 $178,325,000 $1,524,145 $9,072 6.53%
    Other 109 $106,725,000 $979,128 $8,372 6.44%
    Refi 55 $75,815,000 $1,378,455 $6,063 6.08%

    For 2023, Hsbc Bank Usa National Association's most frequently cited loan purpose was Home Purchase, with 2,142 originations. The 2nd most popular reason was Home Improvement, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,599 $2,791,645,000 $1,074,123 $6,908 6.22%
    15 Year 16 $7,190,000 $449,375 $5,953 6.10%
    20 Year 7 $3,215,000 $459,286 $6,811 6.55%
    10 Year 3 $47,415,000 $15,805,000 $46,353 6.24%
    Other 2 $1,060,000 $530,000 $6,203 6.97%

    For 2023, Hsbc Bank Usa National Association's most frequently cited loan duration was 30 Year, with 2,599 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,824 $2,219,670,000 $1,216,924
    $2k-3k 88 $70,530,000 $801,477
    $3k-4k 57 $61,265,000 $1,074,825
    $5k+ 32 $59,830,000 $1,869,688
    $4k-5k 25 $28,935,000 $1,157,400
    $<1k 1 $3,725,000 $3,725,000

    Hsbc Bank Usa National Association's average total fees were $6,908, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,824 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,431 $1,374,735,000 $960,681
    5-6% 981 $1,192,195,000 $1,215,285
    7-8% 147 $113,755,000 $773,844
    4-5% 36 $125,050,000 $3,473,611
    % 17 $21,125,000 $1,242,647
    Over 8% 14 $21,830,000 $1,559,286
    3-4% 1 $1,835,000 $1,835,000

    During 2023, Hsbc Bank Usa National Association's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 6-7%, with 1,431 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 988 $1,998,300,000 $2,022,571 $8,286 6.05%
    $600k-1MM 674 $520,500,000 $772,255 $6,353 6.08%
    $200k-400k 394 $117,850,000 $299,112 $4,893 6.46%
    $400k-600k 383 $189,895,000 $495,809 $5,706 6.40%
    $100k-200k 143 $21,095,000 $147,517 $4,503 6.68%
    $100,000 or less 45 $2,885,000 $64,111 $3,831 6.81%

    2023 saw Hsbc Bank Usa National Association place emphasis on $1MM+ loans with 988 originations, totaling $1,998,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,612 $2,198,390,000 $1,363,766 $7,658 6.19%
    $150k-250k 606 $374,570,000 $618,102 $5,940 6.24%
    $100k-150k 221 $89,665,000 $405,724 $5,421 6.29%
    $75k-100k 40 $12,220,000 $305,500 $5,055 6.38%
    $50k-75k 20 $4,470,000 $223,500 $5,493 6.57%
    $50k or less 11 $4,095,000 $372,273 $3,830 6.63%

    Hsbc Bank Usa National Association lent most frequently to those with incomes in the $250k+ range, with 1,612 originations. The second most popular income band? $150k-250k, with 606 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 411 $344,615,000 $838,479 $6,696 6.25%
    20-30% 388 $343,690,000 $885,799 $6,671 6.25%
    44% 163 $134,875,000 $827,454 $6,627 6.32%
    50-60% 155 $249,745,000 $1,611,258 $7,300 6.14%
    <20% 145 $210,715,000 $1,453,207 $9,163 6.24%
    49% 130 $140,250,000 $1,078,846 $6,920 6.13%
    40% 123 $135,645,000 $1,102,805 $6,984 6.22%
    41% 108 $110,850,000 $1,026,389 $7,117 6.31%
    45% 106 $121,730,000 $1,148,396 $6,478 6.11%
    46% 106 $120,750,000 $1,139,151 $6,410 6.18%
    47% 106 $140,540,000 $1,325,849 $7,034 6.15%
    43% 104 $94,580,000 $909,423 $6,919 6.16%
    48% 104 $128,040,000 $1,231,154 $6,334 6.06%
    38% 104 $101,120,000 $972,308 $7,272 6.28%
    42% 102 $116,380,000 $1,140,980 $7,266 6.18%
    37% 89 $86,115,000 $967,584 $6,453 6.38%
    39% 83 $86,245,000 $1,039,096 $6,567 6.20%
    36% 70 $64,510,000 $921,571 $6,613 6.34%

    Hsbc Bank Usa National Association lent most frequently to those with DTI ratios of 30-36%, with 411 originations. The next most common DTI ratio? 20-30%, with 388 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,372 $1,405,740,000 $1,024,592 $6,824 6.22%
    Asian 664 $760,030,000 $1,144,623 $6,294 6.13%
    White 529 $516,725,000 $976,796 $7,885 6.34%
    Not applicable 30 $120,130,000 $4,004,333 $48,818 5.79%
    Black 23 $31,485,000 $1,368,913 $9,596 6.39%
    Other Asian 1 $12,485,000 $12,485,000 $44,156 5.52%
    Chinese 1 $2,405,000 $2,405,000 $6,078 5.47%
    Asian Indian 3 $945,000 $315,000 $3,448 6.28%
    Other Pacific Islander 2 $280,000 $140,000 $5,722 6.38%
    Japanese 1 $195,000 $195,000 $0 6.96%
    American Indian 1 $105,000 $105,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    92.44%

    Hsbc Bank Usa National Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.92%

    Hsbc Bank Usa National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,627 $2,850,525,000 $1,085,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,627 $2,850,525,000 $1,085,088

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 241 $138,075,000 $572,925 $6,220 6.48%
    40-60% 386 $355,170,000 $920,130 $6,458 6.18%
    60-80% 1,278 $1,587,150,000 $1,241,901 $6,988 6.15%
    80-100% 509 $710,065,000 $1,395,020 $7,299 6.12%
    Under 20% 213 $60,065,000 $281,995 $4,905 6.64%