Banco Do Brasil Americas Mortgage Rates, Fees & Info

Miami, FL

LEI: 254900667M5CK6Y3DF27

Tax ID: 59-2680958

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

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Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Banco Do Brasil Americas is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Banco Do Brasil Americas has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Glenwood Springs, Cape Coral, and Lakeland among others. We have data for 8 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.

    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.

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    Originations

    123

    Origination Dollar Volume (All Markets)

    $72,225,000

    Employee count

    133

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 42 $39,960,000 $951,429 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 72 $26,830,000 $372,639 $0 0.00%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $2,555,000 $2,555,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Banco Do Brasil Americas's top markets include Miami, Orlando, Glenwood Springs, Cape Coral, and Lakeland among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    Citizens First Bank
    Similarity Rank: 1696
    We Florida Financial
    Similarity Rank: 1770
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 2134
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2205
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 2496
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 3054
    ADDITION FINANCIAL
    Similarity Rank: 3536

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $72,225,000 $587,195 $0 0.00%

    For 2021, Banco Do Brasil Americas's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $38,645,000 $444,195 $0 0.00%
    Refi 24 $14,300,000 $595,833 $0 0.00%
    Cash Out Refi 9 $18,115,000 $2,012,778 $0 0.00%
    Home Improvement 3 $1,165,000 $388,333 $0 0.00%

    For 2021, Banco Do Brasil Americas's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $72,225,000 $587,195 $0 0.00%

    For 2021, Banco Do Brasil Americas's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $15,940,000 $284,643 $0 0.00%
    $400k-600k 21 $9,965,000 $474,524 $0 0.00%
    $100k-200k 18 $2,990,000 $166,111 $0 0.00%
    $1MM+ 15 $33,365,000 $2,224,333 $0 0.00%
    $600k-1MM 13 $9,965,000 $766,538 $0 0.00%

    2021 saw Banco Do Brasil Americas place emphasis on $200k-400k loans with 56 originations, totaling $15,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $20,620,000 $687,333 $0 0.00%
    $100k-150k 23 $5,535,000 $240,652 $0 0.00%
    $150k-250k 10 $3,790,000 $379,000 $0 0.00%
    $75k-100k 5 $1,105,000 $221,000 $0 0.00%
    $50k-75k 2 $340,000 $170,000 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $72,225,000 $587,195 $0 0.00%

    Banco Do Brasil Americas lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $63,090,000 $534,661 $0 0.00%
    Not applicable 1 $6,755,000 $6,755,000 $0 0.00%
    Not provided 2 $1,510,000 $755,000 $0 0.00%
    Asian 2 $870,000 $435,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.15%

    Banco Do Brasil Americas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.62%

    Banco Do Brasil Americas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $72,225,000 $587,195

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $72,225,000 $587,195

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Banco Do Brasil Americas 1221 Brickell Avenue, Suite 2200 Miami, FL 33131 Full Service B&M $481,024
    Banco Do Brasil Americas 17900 Bicayne Boulevard Aventura, FL 33160 Full Service B&M $64,272
    Banco Do Brasil Americas 3450 N. Federal Highway Lighthouse Point, FL 33064 Full Service B&M $24,985
    Banco Do Brasil Americas 5403 International Drive Orlando, FL 32819 Full Service B&M $115,674
    Banco Do Brasil Americas 698 Yamato Road, Suite 5 Boca Raton, FL 33431 Full Service B&M $40,017

    For 2021, Banco Do Brasil Americas had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,902
    Net interest income $21,463
    Total noninterest income $5,467
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,395
    Trading account gains and fees $0
    Additional Noninterest Income $4,072
    Pre-tax net operating income $4,742
    Securities gains (or losses, -) $-209
    Income before extraordinary items $3,359
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,359
    Minority interest net income $0
    Net income $3,359
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,524

    Banco Do Brasil Americas's gross interest income from loans was $23,902,000.
    Banco Do Brasil Americas's net interest income from loans was $21,463,000.
    Banco Do Brasil Americas's fee based income from loans was $1,395,000.
    Banco Do Brasil Americas's net income from loans was $3,359,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,439
    Provision for credit losses $543
    Total noninterest expense $21,645
    Salaries and employee benefits $12,310
    Premises and equipment expense $2,086
    Additional noninterest expense $7,249
    Applicable income taxes $1,174
    Net charge-offs $-6
    Cash dividends $0

    Banco Do Brasil Americas's interest expense for loans was $2,439,000.
    Banco Do Brasil Americas's payroll and benefits expense were $12,310,000.
    Banco Do Brasil Americas's property, plant and equipment expenses $2,086,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $775,290
    Deposits held in domestic offices $775,290
    Deposits by Individuals, partnerships, and corporations $755,033
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $20,241
    Deposits by Banks in foreign countries $14
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $356,858
    Demand deposits $355,701
    Nontransaction accounts $418,432
    Money market deposit accounts (MMDAs) $251,506
    Other savings deposits (excluding MMDAs) $4,135
    Total time deposits $162,791
    Total time and savings deposits $419,589
    Noninterest-bearing deposits $356,701
    Interest-bearing deposits $418,589
    Retail deposits $727,723
    IRAs and Keogh plan accounts $711
    Brokered deposits $15,444
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $861,827
    Cash & Balances due from depository institutions $252,703
    Interest-bearing balances $246,449
    Total securities $53,343
    Federal funds sold & reverse repurchase $2,325
    Net loans and leases $530,128
    Loan and leases loss allowance $6,682
    Trading account assets $0
    Bank premises and fixed assets $547
    Other real estate owned $0
    Goodwill and other intangibles $10,488
    All other assets $12,293

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $861,827
    Total Liabilities $781,183
    Total deposits $775,290
    Interest-bearing deposits $418,589
    Deposits held in domestic offices $775,290
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,958
    Subordinated debt $0
    All other liabilities $2,935

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $530,128
    Loan and leases loss allowance $6,682
    Total loans and leases (domestic) $536,810
    All real estate loans $513,226
    Real estate loans in domestic offices $513,226
    Construction and development loans $18,835
    Residential 1-4 family construction $20
    Other construction, all land development and other land $18,815
    Loans secured by nonfarm nonresidential properties $166,942
    Nonfarm nonresidential secured by owner-occupied properties $11,409
    Commercial real estate & other non-farm, non-residential $155,533
    Multifamily residential real estate $4,085
    1-4 family residential loans $323,364
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,692
    To non-U.S. addressees $0
    Loans to individuals $9,034
    Credit card loans $5,017
    Related Plans $0
    Consumer Auto Loans $1,369
    Other loans to individuals $2,648
    All other loans & leases $858
    Loans to foreign governments and official institutions $0
    Other loans $858
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Banco do Brasil Americas had $530,128,000 of loans outstanding in 2021. $513,226,000 of loans were in real estate loans. $18,835,000 of loans were in development loans. $4,085,000 of loans were in multifamily mortgage loans. $323,364,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $5,017,000 of loans were in credit card loans. $1,369,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 30 $17,889 $596,300
    Nonfarm, nonresidential loans - <$100k 1 $80 $80,000
    Nonfarm, nonresidential loans - $100-250k 3 $447 $149,000
    Nonfarm, nonresidential loans - $250k-1MM 26 $17,362 $667,769
    Commercial & Industrial, US addressed loans - <$1MM 32 $4,451 $139,094
    Commercial & Industrial, US addressed loans - <$100k 11 $407 $37,000
    Commercial & Industrial, US addressed loans - $100-250k 10 $585 $58,500
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,459 $314,455