Axos Bank Mortgage Rates, Fees & Info
San Diego, CALEI: 2549009X2AG1P20YAJ63
Tax ID: 33-0904883
1 stars
2020 Data | 2019 Data | 2018 Data
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Overview
Axos Bank is a small bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Axos Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Los Angeles, San Diego, Anaheim, New York, and San Francisco among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Axos Bank is typically a high fee lendor.Originations
4,656Origination Dollar Volume (All Markets)
$2,936,420,000Employee count
1,004Awards
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Axos Bank - 2020
Axos Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Relative Rate
Axos Bank's average 30 year fixed rate mortgage of loans were
3.6%.
The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.
This yields a difference of 0.24%.
Relative Fees
Axos Bank's average total fees for a 30 year fixed rate
mortgage are $6,157.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) | 503 | $662,535,000 | $1,317,167 | $13,603 | 4.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 477 | $267,305,000 | $560,388 | $3,616 | 2.97% |
| ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) | 221 | $259,045,000 | $1,172,149 | $10,084 | 4.04% |
| NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) | 137 | $238,065,000 | $1,737,701 | $19,070 | 4.39% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) | 66 | $101,430,000 | $1,536,818 | $11,950 | 4.39% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 95 | $94,155,000 | $991,105 | $8,033 | 3.94% |
| OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) | 106 | $80,690,000 | $761,226 | $5,921 | 3.69% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 180 | $72,920,000 | $405,111 | $4,035 | 3.49% |
| Outside of Metro Areas | 174 | $61,190,000 | $351,667 | $3,774 | 3.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 158 | $57,740,000 | $365,443 | $2,583 | 3.24% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 155 | $54,835,000 | $353,774 | $3,227 | 3.20% |
| SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) | 109 | $50,865,000 | $466,651 | $3,238 | 3.16% |
| NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) | 54 | $43,310,000 | $802,037 | $11,902 | 3.77% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) | 98 | $43,300,000 | $441,837 | $2,254 | 3.11% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 86 | $43,200,000 | $502,326 | $3,788 | 3.29% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 98 | $39,330,000 | $401,327 | $2,131 | 3.10% |
| MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) | 29 | $38,635,000 | $1,332,241 | $27,029 | 4.09% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 105 | $35,945,000 | $342,333 | $2,942 | 3.22% |
| COLUMBUS, OH (FHA|USDA|VA) | 119 | $34,095,000 | $286,513 | $1,704 | 2.91% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) | 20 | $22,860,000 | $1,143,000 | $13,419 | 4.02% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 66 | $20,470,000 | $310,152 | $2,425 | 3.15% |
| CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) | 41 | $18,275,000 | $445,732 | $2,336 | 3.30% |
| SAN RAFAEL, CA (FHA|USDA|VA) | 15 | $17,465,000 | $1,164,333 | $11,804 | 4.17% |
| RENO, NV (FHA|USDA|VA) | 24 | $16,590,000 | $691,250 | $3,729 | 2.80% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 26 | $15,850,000 | $609,615 | $8,231 | 3.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $15,630,000 | $1,563,000 | $11,390 | 3.94% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 46 | $15,300,000 | $332,609 | $3,216 | 3.08% |
| BOSTON, MA (FHA|USDA|VA) | 24 | $15,150,000 | $631,250 | $5,003 | 3.61% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 16 | $14,870,000 | $929,375 | $15,956 | 4.47% |
| DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) | 38 | $12,880,000 | $338,947 | $3,986 | 3.17% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) | 36 | $12,750,000 | $354,167 | $4,078 | 2.97% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 37 | $11,405,000 | $308,243 | $2,061 | 2.95% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 37 | $11,175,000 | $302,027 | $3,450 | 3.21% |
| NAPA, CA (FHA|USDA|VA) | 8 | $10,700,000 | $1,337,500 | $6,291 | 4.00% |
| TACOMA-LAKEWOOD, WA (FHA|USDA|VA) | 29 | $10,545,000 | $363,621 | $3,514 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 16 | $10,200,000 | $637,500 | $3,350 | 3.49% |
| NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) | 23 | $9,845,000 | $428,043 | $3,949 | 3.13% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) | 23 | $9,485,000 | $412,391 | $2,594 | 2.96% |
| CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) | 21 | $9,265,000 | $441,190 | $2,588 | 2.90% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 30 | $9,010,000 | $300,333 | $2,207 | 2.98% |
| NEWARK, NJ-PA (FHA|USDA|VA) | 21 | $8,155,000 | $388,333 | $2,708 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 22 | $8,000,000 | $363,636 | $3,125 | 3.39% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 24 | $7,960,000 | $331,667 | $2,232 | 3.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 28 | $7,930,000 | $283,214 | $2,051 | 3.36% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 25 | $7,745,000 | $309,800 | $2,676 | 3.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 25 | $7,545,000 | $301,800 | $5,892 | 3.43% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 13 | $7,515,000 | $578,077 | $4,477 | 3.06% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $7,430,000 | $743,000 | $7,859 | 4.31% |
| FRESNO, CA (FHA|USDA|VA) | 12 | $7,150,000 | $595,833 | $2,423 | 3.48% |
| RICHMOND, VA (FHA|USDA|VA) | 22 | $7,140,000 | $324,545 | $1,768 | 3.15% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 11 | $6,935,000 | $630,455 | $4,283 | 3.43% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 8 | $6,840,000 | $855,000 | $13,702 | 4.21% |
| BOISE CITY, ID (FHA|USDA|VA) | 21 | $6,555,000 | $312,143 | $3,253 | 3.08% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) | 12 | $6,450,000 | $537,500 | $6,760 | 3.45% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 21 | $6,385,000 | $304,048 | $1,523 | 2.95% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 21 | $6,235,000 | $296,905 | $1,843 | 3.10% |
| NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) | 12 | $5,910,000 | $492,500 | $7,495 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $5,760,000 | $411,429 | $3,629 | 3.56% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 17 | $5,415,000 | $318,529 | $3,597 | 3.64% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) | 15 | $5,055,000 | $337,000 | $5,479 | 3.31% |
| PROVO-OREM, UT (FHA|USDA|VA) | 15 | $5,035,000 | $335,667 | $2,653 | 3.01% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 13 | $4,935,000 | $379,615 | $1,277 | 3.60% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 13 | $4,855,000 | $373,462 | $2,721 | 3.37% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 14 | $4,810,000 | $343,571 | $2,079 | 3.18% |
| CORVALLIS, OR (FHA|USDA|VA) | 5 | $4,805,000 | $961,000 | $2,976 | 3.75% |
| PHILADELPHIA, PA (FHA|USDA|VA) | 15 | $4,795,000 | $319,667 | $4,029 | 2.83% |
| WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) | 15 | $4,685,000 | $312,333 | $2,811 | 2.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 19 | $4,655,000 | $245,000 | $3,663 | 3.43% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 15 | $4,565,000 | $304,333 | $2,546 | 2.95% |
| ST. GEORGE, UT (FHA|USDA|VA) | 13 | $4,405,000 | $338,846 | $1,961 | 3.48% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 11 | $3,795,000 | $345,000 | $2,195 | 2.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 10 | $3,260,000 | $326,000 | $3,006 | 3.15% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $3,190,000 | $797,500 | $2,533 | 3.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $3,180,000 | $318,000 | $1,606 | 3.01% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $3,150,000 | $262,500 | $2,324 | 3.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $3,080,000 | $385,000 | $3,154 | 3.47% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 9 | $3,065,000 | $340,556 | $4,608 | 2.93% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $3,040,000 | $380,000 | $2,585 | 3.59% |
| BOULDER, CO (FHA|USDA|VA) | 8 | $3,010,000 | $376,250 | $2,698 | 2.81% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 10 | $2,930,000 | $293,000 | $1,849 | 2.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $2,850,000 | $237,500 | $2,721 | 2.90% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $2,665,000 | $296,111 | $3,922 | 2.98% |
| ANCHORAGE, AK (FHA|USDA|VA) | 7 | $2,665,000 | $380,714 | $3,042 | 3.59% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) | 5 | $2,505,000 | $501,000 | $1,484 | 3.29% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $2,470,000 | $411,667 | $1,526 | 2.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $2,425,000 | $346,429 | $1,775 | 2.82% |
| COEUR D'ALENE, ID (FHA|USDA|VA) | 10 | $2,370,000 | $237,000 | $2,716 | 2.72% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $5,833 | 3.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 9 | $2,255,000 | $250,556 | $1,816 | 3.41% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 8 | $2,170,000 | $271,250 | $0 | 2.98% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $2,600 | 3.28% |
| CAMDEN, NJ (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $2,973 | 2.73% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 10 | $2,130,000 | $213,000 | $2,518 | 3.53% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $1,952 | 3.49% |
| SALEM, OR (FHA|USDA|VA) | 7 | $2,065,000 | $295,000 | $3,650 | 3.43% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 9 | $2,065,000 | $229,444 | $2,793 | 3.54% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $2,368 | 3.29% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $2,314 | 3.17% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $2,250 | 3.02% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $2,173 | 3.35% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $2,229 | 2.79% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $3,519 | 3.06% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $2,853 | 3.20% |
| SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $16,529 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $4,152 | 2.95% |
| BEND, OR (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $2,057 | 3.02% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $1,786 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $2,450 | 3.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $3,047 | 2.81% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $2,394 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $2,242 | 3.48% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $1,779 | 2.97% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $2,280 | 3.44% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $9,201 | 4.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $1,579 | 2.84% |
| ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $1,774 | 2.94% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $3,434 | 3.05% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $2,989 | 3.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $1,582 | 2.87% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $6,209 | 3.54% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $9,360 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $3,123 | 3.46% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $1,734 | 3.24% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $2,291 | 2.87% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $9,764 | 5.38% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $1,618 | 3.00% |
| MERCED, CA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $1,779 | 3.00% |
| DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $2,037 | 3.62% |
| MISSOULA, MT (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $2,224 | 2.99% |
| WILMINGTON, DE-MD-NJ (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $2,882 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $2,847 | 2.95% |
| CHICO, CA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $1,656 | 2.90% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $4,230 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $2,828 | 2.91% |
| NILES, MI (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $1,299 | 3.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $1,496 | 3.31% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $1,268 | 3.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,282 | 2.87% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $2,119 | 2.79% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,586 | 3.42% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,037 | 3.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $1,177 | 2.71% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $1,223 | 3.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $2,337 | 2.95% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,230 | 3.46% |
| ELGIN, IL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $1,705 | 2.83% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $1,532 | 3.00% |
| POCATELLO, ID (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $2,119 | 3.33% |
| AKRON, OH (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $1,500 | 2.68% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $1,959 | 3.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,353 | 3.04% |
| ST. CLOUD, MN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,341 | 3.25% |
| RACINE, WI (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $1,218 | 3.04% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,779 | 3.24% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $1,158 | 2.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $1,991 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,685 | 2.66% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,733 | 3.12% |
| TULSA, OK (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,409 | 3.31% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,428 | 2.88% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,483 | 3.42% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,646 | 3.06% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,883 | 3.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,983 | 3.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $1,728 | 3.37% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,406 | 3.24% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,804 | 3.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $1,634 | 2.88% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,475 | 2.96% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $2,694 | 3.06% |
| MADISON, WI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $1,900 | 3.50% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,013 | 2.93% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,206 | 3.31% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,240 | 4.08% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,169 | 3.06% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,348 | 2.75% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,178 | 2.81% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $1,116 | 2.25% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $1,955 | 3.54% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,996 | 3.12% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $1,421 | 3.12% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,254 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 3.33% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,305 | 3.31% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,339 | 3.06% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,171 | 3.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,895 | 2.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,825 | 3.06% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,186 | 3.06% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,347 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,265 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,148 | 2.75% |
| MADERA, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,757 | 3.69% |
| CASPER, WY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,413 | 2.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,858 | 2.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,259 | 2.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,707 | 4.19% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,999 | 2.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,379 | 3.25% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $938 | 2.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $763 | 3.49% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,344 | 2.49% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,276 | 3.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,321 | 2.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,694 | 5.38% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,438 | 3.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,013 | 2.49% |
| TYLER, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,661 | 3.49% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,460 | 3.38% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,088 | 3.87% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,566 | 3.49% |
| DOVER, DE (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,068 | 2.99% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,989 | 3.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,773 | 2.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,561 | 3.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,560 | 3.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,005 | 3.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,665 | 2.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,625 | 3.44% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,140 | 3.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,003 | 2.99% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,090 | 2.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,098 | 2.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,014 | 2.49% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,107 | 3.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,038 | 2.75% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,038 | 3.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,622 | 3.38% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,766 | 3.50% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,098 | 2.99% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,878 | 3.38% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,751 | 3.63% |
| AMES, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,653 | 2.49% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,111 | 5.13% |
| MONROE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,028 | 3.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,951 | 2.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,525 | 2.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,430 | 3.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,733 | 3.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,546 | 3.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,468 | 3.38% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,338 | 3.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.38% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,815 | 3.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,731 | 3.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,157 | 3.49% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,963 | 3.49% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,804 | 3.13% |
| DALTON, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.38% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,173 | 3.25% |
| GARY, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,168 | 3.88% |
| ENID, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,195 | 3.25% |
| LIMA, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,463 | 3.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,554 | 5.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,354 | 4.13% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,856 | 3.63% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,952 | 4.88% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,055 | 4.99% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,569 | 3.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,710 | 4.25% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,975 | 3.75% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,518 | 4.49% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,233 | 4.13% |
Axos Bank's top markets include Los Angeles, San Diego, Anaheim, New York, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,508 | $2,894,940,000 | $642,178 | $5,422 | 3.45% |
| FHA | 85 | $19,575,000 | $230,294 | $7,011 | 3.51% |
| VA | 63 | $21,905,000 | $347,698 | $3,777 | 3.18% |
For the 2020 period, Axos Bank's most frequently originated loan type of loans were Conventional, with 4,508 originations. Their 2nd most popular type is FHA, with 85 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 2,465 | $1,140,275,000 | $462,586 | $2,733 | 3.04% |
| Cash Out Refi | 1,214 | $857,570,000 | $706,400 | $5,322 | 3.64% |
| Home Purchase | 879 | $833,195,000 | $947,890 | $12,416 | 4.22% |
| Other | 65 | $90,615,000 | $1,394,077 | $24,343 | 4.39% |
| Home Improvement | 33 | $14,765,000 | $447,424 | $6,865 | 4.19% |
For the 2020, Axos Bank's most frequently cited loan purpose of loans were Refi, with 2,465 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,214 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,878 | $2,653,900,000 | $684,348 | $6,157 | 3.60% |
| 15 Year | 553 | $178,265,000 | $322,360 | $2,257 | 2.75% |
| 20 Year | 127 | $40,635,000 | $319,961 | $2,266 | 3.01% |
| Other | 82 | $56,680,000 | $691,220 | $2,830 | 1.55% |
| 10 Year | 16 | $6,940,000 | $433,750 | $2,152 | 2.72% |
For the 2020, Axos Bank's most frequently cited loan length of loans were 30 Year, with 3,878 originations. The 2nd most popular length of loans were 15 Year, with 553 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,522 | $967,660,000 | $383,688 |
| $1k-2k | 518 | $332,720,000 | $642,317 |
| $5k+ | 444 | $697,620,000 | $1,571,216 |
| $2k-3k | 193 | $71,615,000 | $371,062 |
| $3k-4k | 188 | $91,840,000 | $488,511 |
$6,157 of loans were Axos Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,522 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,754 | $658,880,000 | $375,644 |
| 3-4% | 1,401 | $454,105,000 | $324,129 |
| 4-5% | 643 | $1,077,975,000 | $1,676,477 |
| <2.5% | 431 | $191,725,000 | $444,838 |
| 5-6% | 412 | $536,540,000 | $1,302,282 |
| 6-7% | 14 | $14,390,000 | $1,027,857 |
During 2020, Axos Bank's average interest rate of loans were 3.60%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,754 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,308 | $697,680,000 | $302,288 | $2,422 | 3.07% |
| $400k-600k | 1,068 | $512,120,000 | $479,513 | $3,188 | 3.16% |
| $1MM+ | 533 | $1,361,925,000 | $2,555,206 | $28,438 | 4.88% |
| $600k-1MM | 422 | $315,410,000 | $747,417 | $8,843 | 4.21% |
| $100k-200k | 291 | $46,835,000 | $160,945 | $3,303 | 3.65% |
| $100,000 or less | 34 | $2,450,000 | $72,059 | $3,799 | 4.45% |
2020 saw Axos Bank place emphasis on $200k-400k loans with 2,308 originations, totaling $697,680,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,261 | $460,265,000 | $365,000 | $2,790 | 3.10% |
| $150k-250k | 1,118 | $490,310,000 | $438,560 | $3,730 | 3.26% |
| $250k+ | 885 | $1,156,335,000 | $1,306,593 | $15,778 | 4.14% |
| $75k-100k | 552 | $175,700,000 | $318,297 | $2,683 | 3.14% |
| $50k-75k | 419 | $114,905,000 | $274,236 | $2,902 | 3.19% |
| $50k or less | 121 | $24,205,000 | $200,041 | $3,678 | 3.65% |
Axos Bank lent most frequently to those with incomes in the $100k-150k range, with 1,261 originations. The second most popular income band? $150k-250k, with 1,118 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,128 | $528,250,000 | $468,307 | $3,803 | 3.11% |
| 30-36% | 803 | $368,235,000 | $458,574 | $4,158 | 3.33% |
| <20% | 539 | $280,625,000 | $520,640 | $4,394 | 3.32% |
| 50-60% | 168 | $279,030,000 | $1,660,893 | $19,849 | 4.63% |
| 39% | 152 | $95,990,000 | $631,513 | $5,632 | 3.43% |
| 44% | 150 | $71,990,000 | $479,933 | $5,946 | 3.47% |
| 38% | 141 | $65,515,000 | $464,645 | $5,209 | 3.35% |
| 42% | 131 | $60,095,000 | $458,740 | $5,496 | 3.45% |
| 43% | 128 | $79,990,000 | $624,922 | $6,662 | 3.57% |
| 40% | 125 | $60,975,000 | $487,800 | $4,653 | 3.36% |
| 49% | 125 | $70,065,000 | $560,520 | $6,817 | 3.53% |
| 41% | 124 | $70,880,000 | $571,613 | $6,048 | 3.57% |
| 36% | 123 | $73,605,000 | $598,415 | $5,414 | 3.36% |
| 45% | 113 | $72,525,000 | $641,814 | $8,016 | 3.52% |
| 37% | 109 | $43,665,000 | $400,596 | $3,263 | 3.20% |
| 46% | 103 | $53,755,000 | $521,893 | $6,054 | 3.58% |
| 47% | 103 | $63,065,000 | $612,282 | $9,156 | 3.69% |
| 48% | 83 | $54,075,000 | $651,506 | $7,528 | 3.51% |
| >60% | 15 | $32,345,000 | $2,156,333 | $16,891 | 3.99% |
Axos Bank lent most frequently to those with DTI ratios of 20-30%, with 1,128 originations. The next most common DTI ratio? 30-36%, with 803 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,354 | $1,391,250,000 | $591,015 | $5,836 | 3.38% |
| Not provided | 1,316 | $698,050,000 | $530,433 | $4,647 | 3.34% |
| Not applicable | 133 | $375,065,000 | $2,820,038 | $0 | 4.84% |
| Asian | 476 | $245,690,000 | $516,155 | $5,915 | 3.38% |
| Chinese | 107 | $96,995,000 | $906,495 | $6,131 | 4.89% |
| Black | 117 | $56,035,000 | $478,932 | $5,761 | 3.82% |
| Asian Indian | 66 | $31,100,000 | $471,212 | $3,072 | 2.87% |
| American Indian | 24 | $9,520,000 | $396,667 | $3,779 | 3.19% |
| Other Asian | 14 | $8,570,000 | $612,143 | $3,188 | 3.24% |
| Filipino | 16 | $8,550,000 | $534,375 | $2,933 | 3.22% |
| Korean | 7 | $4,325,000 | $617,857 | $5,583 | 3.84% |
| Vietnamese | 6 | $3,460,000 | $576,667 | $5,106 | 3.31% |
| Japanese | 5 | $2,735,000 | $547,000 | $2,029 | 3.24% |
| Native Hawaiian | 8 | $2,610,000 | $326,250 | $5,421 | 3.16% |
| Other Pacific Islander | 6 | $2,130,000 | $355,000 | $2,148 | 3.08% |
| Guamanian | 1 | $335,000 | $335,000 | $3,729 | 3.38% |
Approval Rates
Total approvals of all applications86.32%
Axos Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.18%
Axos Bank 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 |
|---|---|---|---|
| NA | 4,656 | $2,936,420,000 | $630,674 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Manufactured | 3 | $4,265,000 | $1,421,667 |
| Multifamily:Site-Built | 196 | $444,760,000 | $2,269,184 |
| Single Family (1-4 Units):Manufactured | 23 | $4,485,000 | $195,000 |
| Single Family (1-4 Units):Site-Built | 4,434 | $2,482,910,000 | $559,971 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 305 | $176,225,000 | $577,787 | $4,475 | 3.48% |
| 40-60% | 1,498 | $1,139,480,000 | $760,668 | $6,416 | 3.50% |
| 60-80% | 2,294 | $1,416,920,000 | $617,663 | $5,261 | 3.46% |
| 80-100% | 532 | $190,320,000 | $357,744 | $4,074 | 3.18% |
| Over 100% | 6 | $6,030,000 | $1,005,000 | $11,237 | 4.27% |
| Under 20% | 21 | $7,445,000 | $354,524 | $6,828 | 4.20% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Axos Bank | 1000 Yard St Grandview Heights, OH 43212 | Full Service Cyber Office | $135,007 |
| Axos Bank | 4350 La Jolla Village Drive, Suite 140 San Diego, CA 92122 | Full Service Cyber Office | $9,331,769 |
| Axos Bank | 9205 West Russell Rd,suite 400 Las Vegas, NV 89148 | Full Service Cyber Office | $1,896,667 |
For 2020, Axos Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $628,349 |
| Net interest income | $528,449 |
| Total noninterest income | $87,389 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,260 |
| Trading account gains and fees | $76 |
| Additional Noninterest Income | $83,053 |
| Pre-tax net operating income | $324,176 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $225,955 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $225,955 |
| Minority interest net income | $0 |
| Net income | $225,955 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $225,955 |
Axos Bank's gross interest income from loans was $628,349,000.
Axos Bank's net interest income from loans was $528,449,000.
Axos Bank's fee based income from loans was $4,260,000.
Axos Bank's net income from loans was $225,955,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $99,900 |
| Provision for credit losses | $54,800 |
| Total noninterest expense | $236,862 |
| Salaries and employee benefits | $120,626 |
| Premises and equipment expense | $25,775 |
| Additional noninterest expense | $90,461 |
| Applicable income taxes | $98,221 |
| Net charge-offs | $25,217 |
| Cash dividends | $50,000 |
Axos Bank's interest expense for loans was $99,900,000.
Axos Bank's payroll and benefits expense were $120,626,000.
Axos Bank's property, plant and equipment expenses $25,775,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 1.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| 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 | $11,667,556 |
| Deposits held in domestic offices | $11,667,556 |
| Deposits by Individuals, partnerships, and corporations | $10,756,943 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $785,038 |
| Deposits by Commercial banks and other depository institutions in U.S. | $125,575 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,722,141 |
| Demand deposits | $1,621,141 |
| Nontransaction accounts | $9,945,415 |
| Money market deposit accounts (MMDAs) | $6,701,679 |
| Other savings deposits (excluding MMDAs) | $1,432,218 |
| Total time deposits | $1,811,519 |
| Total time and savings deposits | $10,046,415 |
| Noninterest-bearing deposits | $2,227,994 |
| Interest-bearing deposits | $9,439,562 |
| Retail deposits | $9,799,344 |
| IRAs and Keogh plan accounts | $215,619 |
| Brokered deposits | $1,297,406 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $13,301,163 |
| Cash & Balances due from depository institutions | $1,110,308 |
| Interest-bearing balances | $1,088,519 |
| Total securities | $238,304 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $11,642,376 |
| Loan and leases loss allowance | $136,213 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $28,415 |
| Other real estate owned | $6,114 |
| Goodwill and other intangibles | $79,855 |
| All other assets | $195,791 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $13,301,164 |
| Total Liabilities | $12,097,008 |
| Total deposits | $11,667,556 |
| Interest-bearing deposits | $9,439,562 |
| Deposits held in domestic offices | $11,667,556 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $313,707 |
| Subordinated debt | $0 |
| All other liabilities | $115,745 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $11,642,376 |
| Loan and leases loss allowance | $136,213 |
| Total loans and leases (domestic) | $11,778,589 |
| All real estate loans | $9,178,119 |
| Real estate loans in domestic offices | $9,178,119 |
| Construction and development loans | $1,174,061 |
| Residential 1-4 family construction | $435,235 |
| Other construction, all land development and other land | $738,826 |
| Loans secured by nonfarm nonresidential properties | $915,932 |
| Nonfarm nonresidential secured by owner-occupied properties | $57,762 |
| Commercial real estate & other non-farm, non-residential | $858,170 |
| Multifamily residential real estate | $2,498,853 |
| 1-4 family residential loans | $4,589,273 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $961,507 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $336,363 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $268,655 |
| Other loans to individuals | $67,708 |
| All other loans & leases | $1,315,227 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,184,879 |
| 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 |
Axos Bank had $11,642,376,000 of loans outstanding in 2020. $9,178,119,000 of loans were in real estate loans. $1,174,061,000 of loans were in development loans. $2,498,853,000 of loans were in multifamily mortgage loans. $4,589,273,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $268,655,000 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 | 39 | $23,519 | $603,051 |
| Nonfarm, nonresidential loans - $100-250k | 2 | $200 | $100,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 37 | $23,319 | $630,243 |
| Commercial & Industrial, US addressed loans - <$1MM | 53 | $2,783 | $52,509 |
| Commercial & Industrial, US addressed loans - <$100k | 31 | $886 | $28,581 |
| Commercial & Industrial, US addressed loans - $100-250k | 14 | $996 | $71,143 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $901 | $112,625 |