Professional Bank Mortgage Rates, Fees & Info
Coral Gables, FLLEI: 254900MPKKQDGRJC2S10
Tax ID: 26-2155465
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Professional Bank is a smaller bank specializing in Home Purchase loans. Professional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Tampa, Naples, Port St. Lucie, and Key West among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Professional Bank 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
152Origination Dollar Volume (All Markets)
$262,410,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 130 | $244,850,000 | $1,883,462 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $5,195,000 | $742,143 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $2,670,000 | $1,335,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 3 | $2,015,000 | $671,667 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $262,410,000 | $1,726,382 | $0 | 0.00% |
For 2022, Professional Bank's most frequently originated type of loan was Conventional, with 152 originations.
Loan Reason
For 2022, Professional Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Other, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 152 | $262,410,000 | $1,726,382 | $0 | 0.00% |
For 2022, Professional Bank's most frequently cited loan duration was Other, with 152 originations.
Loan Sizing
2022 saw Professional Bank place emphasis on $1MM+ loans with 72 originations, totaling $224,090,000 in origination value.
Applicant Income
Professional Bank lent most frequently to those with incomes in the $250k+ range, with 61 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 152 | $262,410,000 | $1,726,382 | $0 | 0.00% |
Professional Bank lent most frequently to those with DTI ratios of Exempt%, with 152 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.63%
Professional Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.58%
Professional Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 152 | $262,410,000 | $1,726,382 |