Banco Do Brasil Americas Mortgage Rates, Fees & Info

Miami, FL

LEI: 254900667M5CK6Y3DF27

Tax ID: 59-2680958

1 stars - Updated: 11/17/24 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Banco Do Brasil Americas is a smaller mortgage company specializing in Home Purchase loans. Banco Do Brasil Americas has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Miami, Lakeland, Naples, and North Port among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Banco Do Brasil Americas 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. Banco Do Brasil Americas 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.

    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.


    Originations

    624

    Origination Dollar Volume (All Markets)

    $354,230,000

    Awards

    Banco do Brasil Americas 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Banco Do Brasil Americas's average 30 year fixed mortgage rate was 7.03%.

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

    This yields a difference of 0.55%.

    Relative Fees (Closing Costs)

    Banco Do Brasil Americas's average total fees/closing costs for a 30 year fixed rate mortgage were $26,692.

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 432 $199,900,000 $462,731 $19,624 7.05%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 97 $110,875,000 $1,143,041 $35,693 6.93%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 72 $29,940,000 $415,833 $17,726 7.12%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $4,810,000 $2,405,000 $0 7.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $3,260,000 $815,000 $30,022 6.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,370,000 $342,500 $7,178 6.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $0 6.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $680,000 $340,000 $9,823 6.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $9,514 6.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $560,000 $280,000 $0 6.75%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.00%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 7.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.75%
    Banco Do Brasil Americas's top markets include Orlando, Miami, Lakeland, Naples, and North Port among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Banco do Brasil Americas based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FineMark National Bank & Trust
    Similarity Rank: 280
    ORLANDO CREDIT UNION
    Similarity Rank: 459
    We Florida Financial
    Similarity Rank: 476
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 588
    ADDITION FINANCIAL
    Similarity Rank: 804
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 845
    MIDFLORIDA
    Similarity Rank: 1122
    POWER FINANCIAL
    Similarity Rank: 1128
    Citizens First Bank
    Similarity Rank: 1176
    FIRSTBANK PUERTO RICO
    Similarity Rank: 1280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 624 $354,230,000 $567,676 $26,692 7.03%

    For 2023, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 624 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 596 $314,840,000 $528,255 $25,746 7.05%
    Refi 23 $34,325,000 $1,492,391 $0 6.57%
    Home Improvement 4 $2,400,000 $600,000 $6,789 6.53%
    Cash Out Refi 1 $2,665,000 $2,665,000 $75,937 5.75%

    For 2023, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 596 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 611 $337,445,000 $552,283 $26,692 7.03%
    15 Year 10 $8,330,000 $833,000 $0 7.10%
    5 Year 2 $7,400,000 $3,700,000 $0 6.13%
    10 Year 1 $1,055,000 $1,055,000 $0 6.50%

    For 2023, Banco Do Brasil Americas's most frequently cited loan duration was 30 Year, with 611 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 26 $32,450,000 $1,248,077
    $4k-5k 5 $1,865,000 $373,000
    $2k-3k 2 $340,000 $170,000

    Banco Do Brasil Americas's average total fees were $26,692, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 324 $165,420,000 $510,556
    6-7% 277 $177,515,000 $640,848
    5-6% 15 $8,045,000 $536,333
    Over 8% 5 $2,265,000 $453,000
    4-5% 3 $985,000 $328,333

    During 2023, Banco Do Brasil Americas's average interest rate for loans was 7.03%, while their most frequently originated rate bucket for loans was 7-8%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 258 $81,200,000 $314,729 $13,054 7.06%
    $400k-600k 227 $108,355,000 $477,335 $19,636 7.01%
    $600k-1MM 85 $62,775,000 $738,529 $21,954 7.08%
    $1MM+ 45 $100,405,000 $2,231,222 $57,040 6.87%
    $100k-200k 9 $1,495,000 $166,111 $6,984 6.85%

    2023 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 258 originations, totaling $81,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 121 $83,165,000 $687,314 $33,401 6.96%
    $150k-250k 47 $16,675,000 $354,787 $11,090 6.91%
    $100k-150k 13 $3,365,000 $258,846 $11,666 7.08%
    $75k-100k 1 $155,000 $155,000 $0 5.75%

    Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 121 originations. The second most popular income band? $150k-250k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 69 $32,815,000 $475,580 $21,428 6.94%
    20-30% 68 $33,700,000 $495,588 $17,720 6.98%
    30-36% 25 $22,535,000 $901,400 $35,088 7.00%
    39% 7 $10,055,000 $1,436,429 $17,204 7.09%
    38% 6 $6,360,000 $1,060,000 $58,864 6.54%
    42% 3 $2,085,000 $695,000 $0 6.63%
    36% 3 $1,075,000 $358,333 $0 6.67%
    37% 3 $2,755,000 $918,333 $33,423 7.08%

    Banco Do Brasil Americas lent most frequently to those with DTI ratios of <20%, with 69 originations. The next most common DTI ratio? 20-30%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 440 $242,850,000 $551,932 $0 7.06%
    White 164 $98,470,000 $600,427 $27,977 6.97%
    Not provided 16 $10,350,000 $646,875 $25,361 6.76%
    Asian 3 $2,135,000 $711,667 $13,315 6.46%
    Black 1 $425,000 $425,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    93.96%

    Banco Do Brasil Americas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.18%

    Banco Do Brasil Americas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 624 $354,230,000 $567,676

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    624 $354,230,000 $567,676

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $3,080,000 $385,000 $0 6.63%
    40-60% 42 $35,950,000 $855,952 $12,881 6.98%
    60-80% 570 $305,210,000 $535,456 $27,299 7.05%
    80-100% 3 $9,835,000 $3,278,333 $37,075 6.50%
    Under 20% 1 $155,000 $155,000 $6,789 5.00%