Huntington National Bank

COLUMBUS, OH 43219-6010

LEI: 2WHM8VNJH63UN14OL754

Tax ID: 31-0966785

2019 Data *Active* | 2018 Data


Overview

Huntington National Bank is a large mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Huntington National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Columbus, Chicago, Cleveland, Cincinnati, and Warren 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. Huntington National Bank is typically a medium-low/ fee lendor.


Originations

68,585

Origination Dollar Volume (All Markets)

$10,910,965,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 63,256 $10,136,270,000 $160,242
FHA 4,238 $589,920,000 $139,198
VA 879 $160,985,000 $183,146
USDA 212 $23,790,000 $112,217

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 19,685 $4,370,395,000 $222,017
Home Improvement 10,976 $916,550,000 $83,505
Other 11,784 $1,044,920,000 $88,673
Refi 11,592 $2,281,780,000 $196,841
Cash Out Refi 14,548 $2,297,320,000 $157,913

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
COLUMBUS, OH 8,449 $1,439,575,000 $170,384
Outside of Metro Areas 10,140 $1,228,890,000 $121,192
CHICAGO-NAPERVILLE-EVANSTON, IL 3,449 $1,121,965,000 $325,302
CLEVELAND-ELYRIA, OH 7,484 $986,790,000 $131,853
CINCINNATI, OH-KY-IN 4,050 $742,890,000 $183,430
WARREN-TROY-FARMINGTON HILLS, MI 3,920 $676,110,000 $172,477
INDIANAPOLIS-CARMEL-ANDERSON, IN 3,501 $547,425,000 $156,362
AKRON, OH 3,592 $408,790,000 $113,806
GRAND RAPIDS-KENTWOOD, MI 2,610 $384,280,000 $147,234
TOLEDO, OH 2,686 $308,340,000 $114,795
CANTON-MASSILLON, OH 2,506 $303,770,000 $121,217
PITTSBURGH, PA 1,790 $267,270,000 $149,313
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2,140 $226,160,000 $105,682
DETROIT-DEARBORN-LIVONIA, MI 1,097 $167,185,000 $152,402
DAYTON-KETTERING, OH 1,091 $150,495,000 $137,942
LAKE COUNTY-KENOSHA COUNTY, IL-WI 365 $112,805,000 $309,055
ANN ARBOR, MI 380 $79,610,000 $209,500
LANSING-EAST LANSING, MI 534 $65,740,000 $123,109
MORGANTOWN, WV 340 $61,370,000 $180,500
FLINT, MI 575 $60,895,000 $105,904
MONROE, MI 465 $54,165,000 $116,484
MUSKEGON, MI 435 $48,655,000 $111,851
ELGIN, IL 234 $48,390,000 $206,795
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 239 $48,235,000 $201,820
LOUISVILLE/JEFFERSON COUNTY, KY-IN 216 $41,960,000 $194,259
NEWARK, NJ-PA 127 $40,765,000 $320,984
JACKSON, MI 345 $39,205,000 $113,638
PHILADELPHIA, PA 132 $33,860,000 $256,515
SAGINAW, MI 283 $32,195,000 $113,763
MANSFIELD, OH 323 $31,935,000 $98,870
WEIRTON-STEUBENVILLE, WV-OH 362 $29,300,000 $80,939
HUNTINGTON-ASHLAND, WV-KY-OH 244 $29,080,000 $119,180
DENVER-AURORA-LAKEWOOD, CO 50 $28,340,000 $566,800
CHARLESTON, WV 227 $27,075,000 $119,273
KALAMAZOO-PORTAGE, MI 152 $26,060,000 $171,447
CAPE CORAL-FORT MYERS, FL 56 $25,810,000 $460,893
MILWAUKEE-WAUKESHA, WI 88 $25,600,000 $290,909
WHEELING, WV-OH 214 $25,340,000 $118,411
NAPLES-MARCO ISLAND, FL 51 $25,305,000 $496,176
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 53 $25,175,000 $475,000
SPRINGFIELD, OH 249 $25,065,000 $100,663
LAFAYETTE-WEST LAFAYETTE, IN 189 $24,895,000 $131,720
PHOENIX-MESA-CHANDLER, AZ 52 $24,420,000 $469,615
NILES, MI 74 $24,170,000 $326,622
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 49 $24,155,000 $492,959
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 112 $21,910,000 $195,625
FORT WAYNE, IN 89 $19,835,000 $222,865
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 48 $19,590,000 $408,125
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 43 $19,185,000 $446,163
DALLAS-PLANO-IRVING, TX 39 $18,055,000 $462,949
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 27 $17,515,000 $648,704
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 28 $16,960,000 $605,714
NEW BRUNSWICK-LAKEWOOD, NJ 32 $16,390,000 $512,188
NORTH PORT-SARASOTA-BRADENTON, FL 32 $15,660,000 $489,375
BECKLEY, WV 119 $15,525,000 $130,462
LIMA, OH 146 $15,430,000 $105,685
GARY, IN 99 $15,315,000 $154,697
BAY CITY, MI 153 $15,105,000 $98,725
TAMPA-ST. PETERSBURG-CLEARWATER, FL 48 $14,420,000 $300,417
BALTIMORE-COLUMBIA-TOWSON, MD 20 $12,300,000 $615,000
ORLANDO-KISSIMMEE-SANFORD, FL 30 $11,700,000 $390,000
SOUTH BEND-MISHAWAKA, IN-MI 100 $11,500,000 $115,000
MIDLAND, MI 75 $10,895,000 $145,267
HARRISBURG-CARLISLE, PA 42 $10,190,000 $242,619
ANAHEIM-SANTA ANA-IRVINE, CA 6 $9,940,000 $1,656,667
ST. LOUIS, MO-IL 37 $9,605,000 $259,595
MADISON, WI 35 $9,585,000 $273,857
CHARLOTTE-CONCORD-GASTONIA, NC-SC 27 $9,495,000 $351,667
KOKOMO, IN 70 $9,320,000 $133,143
CHARLESTON-NORTH CHARLESTON, SC 17 $9,215,000 $542,059
ERIE, PA 81 $9,045,000 $111,667
MIAMI-MIAMI BEACH-KENDALL, FL 13 $8,675,000 $667,308
PARKERSBURG-VIENNA, WV 71 $8,535,000 $120,211
LEXINGTON-FAYETTE, KY 55 $8,075,000 $146,818
FORT WORTH-ARLINGTON-GRAPEVINE, TX 15 $8,065,000 $537,667
GREEN BAY, WI 50 $7,760,000 $155,200
HILTON HEAD ISLAND-BLUFFTON, SC 14 $7,350,000 $525,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 15 $7,345,000 $489,667
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 19 $7,055,000 $371,316
KANSAS CITY, MO-KS 19 $6,495,000 $341,842
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 16 $6,470,000 $404,375
LOS ANGELES-LONG BEACH-GLENDALE, CA 9 $6,025,000 $669,444
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 7 $5,905,000 $843,571
APPLETON, WI 36 $5,610,000 $155,833
BATTLE CREEK, MI 64 $5,510,000 $86,094
LAS VEGAS-HENDERSON-PARADISE, NV 15 $5,485,000 $365,667
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 14 $5,450,000 $389,286
COLORADO SPRINGS, CO 13 $5,385,000 $414,231
RALEIGH-CARY, NC 13 $5,265,000 $405,000
NEW ORLEANS-METAIRIE, LA 12 $5,240,000 $436,667
FORT COLLINS, CO 9 $5,225,000 $580,556
PALM BAY-MELBOURNE-TITUSVILLE, FL 11 $5,215,000 $474,091
BLOOMINGTON, IN 20 $5,050,000 $252,500
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 20 $4,780,000 $239,000
YORK-HANOVER, PA 29 $4,585,000 $158,103
KNOXVILLE, TN 16 $4,560,000 $285,000
SAN ANTONIO-NEW BRAUNFELS, TX 18 $4,550,000 $252,778
JACKSONVILLE, FL 9 $4,435,000 $492,778
SALISBURY, MD-DE 7 $4,415,000 $630,714
CAMDEN, NJ 13 $4,165,000 $320,385
BOSTON, MA 6 $4,160,000 $693,333
GREENVILLE-ANDERSON, SC 7 $4,025,000 $575,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 9 $3,955,000 $439,444
LANCASTER, PA 25 $3,915,000 $156,600
PORTLAND-SOUTH PORTLAND, ME 2 $3,890,000 $1,945,000
PROVIDENCE-WARWICK, RI-MA 10 $3,870,000 $387,000
COLUMBUS, IN 14 $3,780,000 $270,000
OWENSBORO, KY 5 $3,615,000 $723,000
CHARLOTTESVILLE, VA 6 $3,510,000 $585,000
OAKLAND-BERKELEY-LIVERMORE, CA 5 $3,355,000 $671,000
BRIDGEPORT-STAMFORD-NORWALK, CT 5 $3,355,000 $671,000
GREENSBORO-HIGH POINT, NC 7 $3,355,000 $479,286
AUSTIN-ROUND ROCK-GEORGETOWN, TX 9 $3,315,000 $368,333
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 13 $3,245,000 $249,615
READING, PA 24 $3,070,000 $127,917
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 6 $3,030,000 $505,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1 $3,005,000 $3,005,000
DURHAM-CHAPEL HILL, NC 6 $3,000,000 $500,000
SEATTLE-BELLEVUE-KENT, WA 6 $2,880,000 $480,000
WORCESTER, MA-CT 6 $2,860,000 $476,667
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 5 $2,845,000 $569,000
EVANSVILLE, IN-KY 16 $2,760,000 $172,500
NASSAU COUNTY-SUFFOLK COUNTY, NY 3 $2,695,000 $898,333
DECATUR, IL 13 $2,615,000 $201,154
NAPA, CA 1 $2,485,000 $2,485,000
MICHIGAN CITY-LA PORTE, IN 13 $2,425,000 $186,538
BEND, OR 3 $2,385,000 $795,000
WILMINGTON, DE-MD-NJ 6 $2,350,000 $391,667
EL PASO, TX 5 $2,345,000 $469,000
PROVO-OREM, UT 2 $2,310,000 $1,155,000
MUNCIE, IN 22 $2,260,000 $102,727
ROCKFORD, IL 16 $2,240,000 $140,000
RENO, NV 4 $2,240,000 $560,000
GRAND JUNCTION, CO 3 $2,215,000 $738,333
SACRAMENTO-ROSEVILLE-FOLSOM, CA 3 $2,215,000 $738,333
ELKHART-GOSHEN, IN 20 $2,100,000 $105,000
SEBASTIAN-VERO BEACH, FL 4 $2,090,000 $522,500
WINSTON-SALEM, NC 8 $1,950,000 $243,750
SCRANTON--WILKES-BARRE, PA 20 $1,930,000 $96,500
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 4 $1,900,000 $475,000
LAKELAND-WINTER HAVEN, FL 7 $1,835,000 $262,143
CHATTANOOGA, TN-GA 6 $1,830,000 $305,000
THE VILLAGES, FL 8 $1,810,000 $226,250
MIDLAND, TX 4 $1,810,000 $452,500
KAHULUI-WAILUKU-LAHAINA, HI 3 $1,775,000 $591,667
HAGERSTOWN-MARTINSBURG, MD-WV 17 $1,765,000 $103,824
TRENTON-PRINCETON, NJ 7 $1,755,000 $250,714
KILLEEN-TEMPLE, TX 4 $1,730,000 $432,500
SPRINGFIELD, IL 9 $1,725,000 $191,667
BLOOMINGTON, IL 5 $1,715,000 $343,000
LYNCHBURG, VA 4 $1,700,000 $425,000
BIRMINGHAM-HOOVER, AL 2 $1,690,000 $845,000
NEW HAVEN-MILFORD, CT 5 $1,685,000 $337,000
BOULDER, CO 2 $1,680,000 $840,000
WAUSAU-WESTON, WI 8 $1,660,000 $207,500
CHAMBERSBURG-WAYNESBORO, PA 9 $1,555,000 $172,778
PUNTA GORDA, FL 10 $1,470,000 $147,000
OCALA, FL 7 $1,465,000 $209,286
GREELEY, CO 3 $1,445,000 $481,667
RACINE, WI 10 $1,440,000 $144,000
WARNER ROBINS, GA 4 $1,440,000 $360,000
PUEBLO, CO 4 $1,400,000 $350,000
CHAMPAIGN-URBANA, IL 8 $1,390,000 $173,750
AUGUSTA-RICHMOND COUNTY, GA-SC 4 $1,330,000 $332,500
MORRISTOWN, TN 2 $1,330,000 $665,000
EAST STROUDSBURG, PA 13 $1,315,000 $101,154
TULSA, OK 6 $1,300,000 $216,667
GAINESVILLE, FL 4 $1,290,000 $322,500
BRUNSWICK, GA 3 $1,245,000 $415,000
PEORIA, IL 6 $1,230,000 $205,000
OSHKOSH-NEENAH, WI 8 $1,230,000 $153,750
ALBANY-SCHENECTADY-TROY, NY 4 $1,190,000 $297,500
RICHMOND, VA 3 $1,175,000 $391,667
ALTOONA, PA 4 $1,130,000 $282,500
SALT LAKE CITY, UT 2 $1,120,000 $560,000
MEMPHIS, TN-MS-AR 7 $1,115,000 $159,286
GETTYSBURG, PA 7 $1,095,000 $156,429
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2 $1,090,000 $545,000
BARNSTABLE TOWN, MA 3 $1,085,000 $361,667
ATLANTIC CITY-HAMMONTON, NJ 3 $1,075,000 $358,333
STOCKTON, CA 2 $1,070,000 $535,000
TEXARKANA, TX-AR 3 $1,065,000 $355,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 1 $1,045,000 $1,045,000
TERRE HAUTE, IN 9 $1,025,000 $113,889
OKLAHOMA CITY, OK 5 $995,000 $199,000
BURLINGTON, NC 3 $985,000 $328,333
ST. GEORGE, UT 3 $965,000 $321,667
STATE COLLEGE, PA 5 $965,000 $193,000
ST. CLOUD, MN 3 $905,000 $301,667
WILMINGTON, NC 2 $890,000 $445,000
SIOUX CITY, IA-NE-SD 3 $885,000 $295,000
BROWNSVILLE-HARLINGEN, TX 2 $860,000 $430,000
BUFFALO-CHEEKTOWAGA, NY 4 $850,000 $212,500
LEBANON, PA 5 $835,000 $167,000
LUBBOCK, TX 3 $815,000 $271,667
OCEAN CITY, NJ 3 $815,000 $271,667
GAINESVILLE, GA 2 $800,000 $400,000
KANKAKEE, IL 5 $795,000 $159,000
BATON ROUGE, LA 4 $780,000 $195,000
BOISE CITY, ID 2 $770,000 $385,000
COLUMBIA, MO 3 $755,000 $251,667
BOWLING GREEN, KY 6 $750,000 $125,000
MEDFORD, OR 1 $715,000 $715,000
ASHEVILLE, NC 3 $715,000 $238,333
DULUTH, MN-WI 5 $705,000 $141,000
AUBURN-OPELIKA, AL 2 $700,000 $350,000
CORPUS CHRISTI, TX 2 $680,000 $340,000
DES MOINES-WEST DES MOINES, IA 2 $670,000 $335,000
AMARILLO, TX 2 $650,000 $325,000
ODESSA, TX 2 $650,000 $325,000
HOMOSASSA SPRINGS, FL 2 $630,000 $315,000
OXNARD-THOUSAND OAKS-VENTURA, CA 2 $630,000 $315,000
CASPER, WY 2 $630,000 $315,000
SHERMAN-DENISON, TX 2 $630,000 $315,000
LA CROSSE-ONALASKA, WI-MN 2 $620,000 $310,000
SPRINGFIELD, MO 2 $610,000 $305,000
JOHNSON CITY, TN 3 $595,000 $198,333
SHEBOYGAN, WI 3 $565,000 $188,333
JANESVILLE-BELOIT, WI 5 $555,000 $111,000
CLARKSVILLE, TN-KY 5 $545,000 $109,000
COLUMBIA, SC 4 $520,000 $130,000
SPRINGFIELD, MA 2 $520,000 $260,000
VALDOSTA, GA 3 $495,000 $165,000
JACKSON, TN 1 $495,000 $495,000
SPARTANBURG, SC 1 $495,000 $495,000
PRESCOTT VALLEY-PRESCOTT, AZ 2 $480,000 $240,000
WICHITA, KS 2 $470,000 $235,000
ANCHORAGE, AK 1 $465,000 $465,000
BILLINGS, MT 1 $465,000 $465,000
WILLIAMSPORT, PA 3 $465,000 $155,000
SYRACUSE, NY 1 $445,000 $445,000
SANTA FE, NM 1 $445,000 $445,000
BEAUMONT-PORT ARTHUR, TX 1 $435,000 $435,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 3 $425,000 $141,667
ATHENS-CLARKE COUNTY, GA 1 $425,000 $425,000
OMAHA-COUNCIL BLUFFS, NE-IA 1 $415,000 $415,000
CEDAR RAPIDS, IA 2 $380,000 $190,000
EAU CLAIRE, WI 1 $375,000 $375,000
BLOOMSBURG-BERWICK, PA 3 $375,000 $125,000
LINCOLN, NE 2 $370,000 $185,000
BURLINGTON-SOUTH BURLINGTON, VT 1 $365,000 $365,000
ITHACA, NY 1 $365,000 $365,000
SAVANNAH, GA 1 $365,000 $365,000
BAKERSFIELD, CA 1 $355,000 $355,000
FOND DU LAC, WI 4 $340,000 $85,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $335,000 $335,000
DALTON, GA 1 $325,000 $325,000
STAUNTON, VA 1 $325,000 $325,000
MANCHESTER-NASHUA, NH 1 $325,000 $325,000
MISSOULA, MT 1 $315,000 $315,000
GREAT FALLS, MT 1 $315,000 $315,000
SPOKANE-SPOKANE VALLEY, WA 1 $305,000 $305,000
TALLAHASSEE, FL 1 $305,000 $305,000
LAFAYETTE, LA 1 $295,000 $295,000
ELIZABETHTOWN-FORT KNOX, KY 3 $285,000 $95,000
LONGVIEW, TX 1 $275,000 $275,000
MANHATTAN, KS 1 $265,000 $265,000
FRESNO, CA 1 $265,000 $265,000
HUNTSVILLE, AL 1 $265,000 $265,000
KINGSPORT-BRISTOL, TN-VA 2 $250,000 $125,000
MACON-BIBB COUNTY, GA 1 $245,000 $245,000
PENSACOLA-FERRY PASS-BRENT, FL 1 $235,000 $235,000
WACO, TX 2 $230,000 $115,000
PANAMA CITY, FL 1 $225,000 $225,000
CARBONDALE-MARION, IL 4 $220,000 $55,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1 $215,000 $215,000
WINCHESTER, VA-WV 2 $210,000 $105,000
COLLEGE STATION-BRYAN, TX 1 $205,000 $205,000
ANNISTON-OXFORD, AL 1 $185,000 $185,000
GOLDSBORO, NC 1 $175,000 $175,000
HICKORY-LENOIR-MORGANTON, NC 1 $175,000 $175,000
TUCSON, AZ 2 $170,000 $85,000
GULFPORT-BILOXI, MS 1 $165,000 $165,000
SEBRING-AVON PARK, FL 2 $160,000 $80,000
PORT ST. LUCIE, FL 1 $155,000 $155,000
TACOMA-LAKEWOOD, WA 1 $155,000 $155,000
ALBANY, GA 1 $145,000 $145,000
WATERTOWN-FORT DRUM, NY 1 $145,000 $145,000
ELMIRA, NY 1 $145,000 $145,000
ROCHESTER, MN 1 $135,000 $135,000
HAMMOND, LA 1 $125,000 $125,000
ENID, OK 1 $125,000 $125,000
BINGHAMTON, NY 1 $125,000 $125,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 1 $115,000 $115,000
MONTGOMERY, AL 1 $115,000 $115,000
IOWA CITY, IA 1 $105,000 $105,000
CLEVELAND, TN 1 $105,000 $105,000
LAKE HAVASU CITY-KINGMAN, AZ 1 $105,000 $105,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 1 $95,000 $95,000
ROCHESTER, NY 1 $85,000 $85,000
FAYETTEVILLE, NC 1 $85,000 $85,000
NEW BERN, NC 1 $75,000 $75,000
JOHNSTOWN, PA 1 $55,000 $55,000
RAPID CITY, SD 1 $45,000 $45,000
DANVILLE, IL 1 $35,000 $35,000
CUMBERLAND, MD-WV 1 $25,000 $25,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 23 $10,545,000 $458,478
2.5-3% 430 $234,620,000 $545,628
3-4% 16,429 $4,062,225,000 $247,259
4-5% 19,530 $3,755,800,000 $192,309
5-6% 16,145 $2,000,575,000 $123,913
6-7% 6,609 $440,205,000 $66,607
7-8% 5,205 $262,145,000 $50,364
Over 8% 4,212 $142,400,000 $33,808

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 31,354 $1,882,710,000 $60,047
$100k-200k 21,725 $3,082,165,000 $141,872
$200k-400k 11,091 $2,978,495,000 $268,551
$400k-600k 2,606 $1,267,460,000 $486,362
$600k-1000k 1,453 $1,069,345,000 $735,957
$Over $1MM 356 $630,790,000 $1,771,882

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 13,916 $1,170,580,000 $84,118
40-60% 9,802 $1,431,250,000 $146,016
60-80% 17,883 $3,703,385,000 $207,090
80-100% 19,731 $4,197,925,000 $212,758
Over 100% 126 $37,330,000 $296,270
Under 20% 7,067 $342,675,000 $48,489

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 12,136 $1,936,080,000 $159,532
$150k-250k 8,106 $1,913,610,000 $236,073
$50k-75k 16,354 $1,840,540,000 $112,544
$50k-or less 15,893 $1,313,515,000 $82,647
$75k-100k 11,068 $1,461,230,000 $132,023
$Over $250k 4,880 $2,257,410,000 $462,584

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 55,943 $8,639,655,000 $154,437
Not provided 7,966 $1,249,500,000 $156,854
Asian 1,675 $459,155,000 $274,122
Black 2,555 $324,485,000 $127,000
Not applicable 100 $178,730,000 $1,787,300
American Indian 146 $20,270,000 $138,836
Asian Indian 69 $16,135,000 $233,841
Other Asian 41 $7,575,000 $184,756
Native Hawaiian 34 $6,560,000 $192,941
Other Pacific Islander 19 $2,745,000 $144,474
Vietnamese 6 $2,110,000 $351,667
Chinese 10 $1,540,000 $154,000
Korean 8 $1,150,000 $143,750
Filipino 9 $915,000 $101,667
Native Hawiian 1 $205,000 $205,000
Japanese 2 $180,000 $90,000
Guamanian 1 $55,000 $55,000

Approval Rates

Total approvals of all applications
82.61%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
76.84%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 68,585 $10,910,965,000 $159,087

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 12,604 $2,345,240,000 $186,071
$1k-2k 15,219 $3,627,025,000 $238,322
$2k-3k 1,869 $451,135,000 $241,378
$3k-4k 833 $245,895,000 $295,192
$5k+ 383 $186,475,000 $486,880

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 59 $142,005,000 $2,406,864
Single Family (1-4 Units):Manufactured 413 $39,865,000 $96,525
Single Family (1-4 Units):Site-Built 68,113 $10,729,095,000 $157,519