The First National Bank Of Mount Dora Mortgage Rates, Fees & Info
Mount Dora, FLLEI: 2549001SGCT0DXW9UA79
Tax ID: 59-0242830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
46Origination Dollar Volume (All Markets)
$8,430,000Top 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% |
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
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
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
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 applications97.14%
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 origination56.52%
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 |