The First National Bank Of Mount Dora Mortgage Rates, Fees & Info

Mount Dora, FL

LEI: 2549001SGCT0DXW9UA79

Tax ID: 59-0242830

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Mortgage Data

Review & Overview

The First National Bank Of Mount Dora is a smaller bank specializing in Home Purchase loans. The First National Bank Of Mount Dora has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, The Villages, and Ocala among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Mount Dora 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.

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Originations

46

Origination Dollar Volume (All Markets)

$8,430,000

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
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 44 $8,100,000 $184,091 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
The First National Bank Of Mount Dora's top markets include Orlando, The Villages, and Ocala among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $8,430,000 $183,261 $0 0.00%

    For 2023, The First National Bank Of Mount Dora's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $5,950,000 $185,938 $0 0.00%
    Other 9 $1,175,000 $130,556 $0 0.00%
    Cash Out Refi 3 $775,000 $258,333 $0 0.00%
    Home Improvement 1 $425,000 $425,000 $0 0.00%
    Refi 1 $105,000 $105,000 $0 0.00%

    For 2023, The First National Bank Of Mount Dora's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Other, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $8,430,000 $183,261 $0 0.00%

    For 2023, The First National Bank Of Mount Dora's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,315,000 $136,176 $0 0.00%
    $100,000 or less 15 $875,000 $58,333 $0 0.00%
    $200k-400k 9 $2,545,000 $282,778 $0 0.00%
    $400k-600k 4 $2,090,000 $522,500 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2023 saw The First National Bank Of Mount Dora place emphasis on $100k-200k loans with 17 originations, totaling $2,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,455,000 $161,667 $0 0.00%
    $150k-250k 9 $2,845,000 $316,111 $0 0.00%
    $50k-75k 9 $645,000 $71,667 $0 0.00%
    $50k or less 6 $280,000 $46,667 $0 0.00%
    $75k-100k 6 $950,000 $158,333 $0 0.00%
    $250k+ 5 $1,515,000 $303,000 $0 0.00%

    The First National Bank Of Mount Dora lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $8,430,000 $183,261 $0 0.00%

    The First National Bank Of Mount Dora lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $7,830,000 $195,750 $0 0.00%
    Not provided 5 $525,000 $105,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.14%

    The First National Bank Of Mount Dora has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    56.52%

    The First National Bank Of Mount Dora has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $8,430,000 $183,261

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $8,430,000 $183,261