Banco Do Brasil Americas Mortgage Rates, Fees & Info
Miami, FLLEI: 254900667M5CK6Y3DF27
Tax ID: 59-2680958
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Mortgage Data
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, Crestview, and Tampa among others. We have data for 12 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.38% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 7.16% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 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. | ||
Banco Do Brasil Americas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
637Origination Dollar Volume (All Markets)
$360,995,000Relative Rate
Banco Do Brasil Americas's average 30 year fixed mortgage rate was
7.17%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.62%.
Relative Fees (Closing Costs)
Banco Do Brasil Americas's average total fees/closing costs for a 30 year fixed rate
mortgage were $32,525.
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 $8,356.
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) | 505 | $235,525,000 | $466,386 | $20,163 | 7.15% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 74 | $96,270,000 | $1,300,946 | $50,723 | 7.21% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 41 | $13,615,000 | $332,073 | $0 | 7.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $7,495,000 | $7,495,000 | $0 | 7.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $9,072 | 7.15% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,790,000 | $895,000 | $0 | 7.31% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $0 | 7.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 7.67% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 6.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.75% |
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.
Similarity Rank: 84
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 637 | $360,995,000 | $566,711 | $33,471 | 7.17% |
For 2024, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 637 originations.
Loan Reason
For 2024, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 617 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
For 2024, Banco Do Brasil Americas's most frequently cited loan duration was 30 Year, with 625 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 16 | $33,480,000 | $2,092,500 |
| $4k-5k | 2 | $780,000 | $390,000 |
| $3k-4k | 1 | $275,000 | $275,000 |
Banco Do Brasil Americas's average total fees were $32,525, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 380 | $197,880,000 | $520,737 |
| 6-7% | 256 | $162,510,000 | $634,805 |
| Over 8% | 1 | $605,000 | $605,000 |
During 2024, Banco Do Brasil Americas's average interest rate for loans was 7.17%, while their most frequently originated rate bucket for loans was 7-8%, with 380 originations.
Loan Sizing
2024 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 311 originations, totaling $96,725,000 in origination value.
Applicant Income
Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 117 originations. The second most popular income band? $150k-250k, with 54 originations.
Applicant Debt to Income Ratio
Banco Do Brasil Americas lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? <20%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.88%
Banco Do Brasil Americas has an average approval rate.
Pick Rate
Approvals leading to origination89.01%
Banco Do Brasil Americas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 637 | $360,995,000 | $566,711 |