National Bank Of Commerce Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 5493000V7431YLIMOX56

Tax ID: 56-2447439

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Review & Overview

    National Bank Of Commerce is a smaller bank specializing in Home Purchase loans. National Bank Of Commerce 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Huntsville, Daphne, Birmingham, and Jacksonville among others. We have data for 103 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National Bank Of Commerce has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. National Bank Of Commerce is typically a low 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    2,191

    Origination Dollar Volume (All Markets)

    $584,185,000
    Show all (5) awards

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 393 $116,145,000 $295,534 $4,424 4.94%
    HUNTSVILLE, AL (FHA|USDA|VA) 357 $95,975,000 $268,838 $5,041 4.81%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 314 $79,630,000 $253,599 $3,506 4.83%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 242 $62,360,000 $257,686 $3,033 4.83%
    JACKSONVILLE, FL (FHA|USDA|VA) 160 $45,790,000 $286,188 $4,744 4.98%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 111 $30,615,000 $275,811 $4,983 4.99%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 122 $23,070,000 $189,098 $3,112 4.83%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 77 $18,045,000 $234,351 $4,472 5.04%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 81 $17,245,000 $212,901 $4,212 4.93%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 44 $14,680,000 $333,636 $3,206 4.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 27 $8,435,000 $312,407 $5,206 4.93%
    Outside of Metro Areas 24 $7,850,000 $327,083 $3,986 4.56%
    DECATUR, AL (FHA|USDA|VA) 16 $3,670,000 $229,375 $4,945 4.81%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $3,495,000 $388,333 $6,818 4.82%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $3,105,000 $443,571 $4,704 4.46%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,945,000 $420,714 $3,987 5.02%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $2,610,000 $1,305,000 $3,158 3.88%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $2,380,000 $1,190,000 $7,090 4.75%
    ROME, GA (FHA|USDA|VA) 16 $2,300,000 $143,750 $4,069 4.45%
    SAVANNAH, GA (FHA|USDA|VA) 9 $2,155,000 $239,444 $5,224 4.56%
    Alexander City, AL (FHA|USDA|VA) 11 $2,065,000 $187,727 $2,754 4.98%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 5 $1,795,000 $359,000 $6,926 4.76%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $1,695,000 $565,000 $5,352 4.58%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $4,256 5.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,138 4.43%
    GAINESVILLE, GA (FHA|USDA|VA) 4 $1,410,000 $352,500 $2,979 4.47%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,330,000 $665,000 $4,313 5.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,130,000 $188,333 $3,021 5.33%
    MOBILE, AL (FHA|USDA|VA) 6 $1,060,000 $176,667 $2,450 4.75%
    Albertville, AL (FHA|USDA|VA) 4 $1,020,000 $255,000 $5,473 4.77%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,363 5.34%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $845,000 $281,667 $5,108 5.17%
    COLUMBUS, GA-AL (FHA|USDA|VA) 3 $835,000 $278,333 $4,845 5.13%
    TUSCALOOSA, AL (FHA|USDA|VA) 4 $830,000 $207,500 $2,659 4.78%
    Scottsboro, AL (FHA|USDA|VA) 4 $810,000 $202,500 $4,780 4.59%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $790,000 $395,000 $5,445 4.56%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $775,000 $258,333 $4,785 4.75%
    Boone, NC (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.25%
    Palatka, FL (FHA|USDA|VA) 4 $720,000 $180,000 $2,248 5.50%
    Cedartown, GA (FHA|USDA|VA) 5 $705,000 $141,000 $4,574 4.70%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $2,564 5.25%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $680,000 $340,000 $7,272 4.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $650,000 $325,000 $4,255 4.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $615,000 $615,000 $2,892 4.75%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $575,000 $191,667 $4,002 4.33%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $555,000 $555,000 $8,948 5.63%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $530,000 $265,000 $1,818 4.56%
    Calhoun, GA (FHA|USDA|VA) 3 $525,000 $175,000 $4,898 4.58%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,117 4.25%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $495,000 $165,000 $3,091 4.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $475,000 $475,000 $2,036 5.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $460,000 $115,000 $2,731 4.94%
    Key West, FL (FHA|USDA|VA) 1 $455,000 $455,000 $2,963 4.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $400,000 $200,000 $3,093 4.56%
    GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $1,743 4.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,053 5.00%
    LaGrange, GA-AL (FHA|USDA|VA) 3 $375,000 $125,000 $2,937 4.33%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $360,000 $180,000 $3,212 4.88%
    Georgetown, SC (FHA|USDA|VA) 2 $340,000 $170,000 $2,500 4.56%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $330,000 $165,000 $4,698 4.56%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $320,000 $160,000 $2,451 4.63%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $305,000 $305,000 $2,212 3.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,703 5.25%
    ALBANY, GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,148 4.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $12,342 4.50%
    BOULDER, CO (FHA|USDA|VA) 1 $295,000 $295,000 $3,506 5.25%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $295,000 $295,000 $9,025 4.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,161 4.88%
    Selma, AL (FHA|USDA|VA) 2 $270,000 $135,000 $3,984 4.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $270,000 $135,000 $3,089 5.38%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $3,351 4.25%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $260,000 $130,000 $3,498 5.06%
    DALTON, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,074 4.88%
    Milledgeville, GA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,681 4.50%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.10%
    RICHMOND, VA (FHA|USDA|VA) 1 $245,000 $245,000 $2,037 5.50%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,295 5.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $240,000 $120,000 $3,925 4.63%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $2,467 4.00%
    Atmore, AL (FHA|USDA|VA) 1 $235,000 $235,000 $913 4.25%
    Fort Payne, AL (FHA|USDA|VA) 1 $235,000 $235,000 $6,901 4.50%
    MIDLAND, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,927 4.38%
    Jefferson, GA (FHA|USDA|VA) 1 $225,000 $225,000 $2,035 4.75%
    Cullman, AL (FHA|USDA|VA) 2 $220,000 $110,000 $2,992 5.13%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.93%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
    Jasper, AL (FHA|USDA|VA) 1 $195,000 $195,000 $4,808 5.00%
    JACKSON, MS (FHA|USDA|VA) 1 $195,000 $195,000 $2,866 5.00%
    Sevierville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.75%
    Eufaula, AL-GA (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.31%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $165,000 $165,000 $5,365 5.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,294 4.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,020 5.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,038 4.63%
    Troy, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,365 4.88%
    Cullowhee, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,269 4.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $125,000 $125,000 $5,775 4.25%
    BOISE CITY, ID (FHA|USDA|VA) 1 $105,000 $105,000 $1,664 5.25%
    Washington, NC (FHA|USDA|VA) 1 $105,000 $105,000 $4,301 5.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,748 4.38%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $2,485 4.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.50%
    National Bank Of Commerce's top markets include Atlanta, Huntsville, Daphne, Birmingham, and Jacksonville among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against National Bank of Commerce based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Eglin Federal Credit Union
    Similarity Rank: 8
    McCoy Federal Credit Union
    Similarity Rank: 60
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 159
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 192
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 208
    Marine Bank & Trust Company
    Similarity Rank: 210
    Jefferson Credit Union
    Similarity Rank: 228
    Gulf Winds Credit Union
    Similarity Rank: 343
    Eco Credit Union
    Similarity Rank: 368
    Pen Air Federal Credit Union
    Similarity Rank: 376

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,464 $433,440,000 $296,066 $3,874 4.88%
    HELOC 516 $101,430,000 $196,570 n/a 5.02%
    FHA 125 $23,795,000 $190,360 $6,124 4.45%
    VA 77 $24,235,000 $314,740 $4,773 4.39%
    USDA 9 $1,285,000 $142,778 $4,135 4.32%

    For 2018, National Bank Of Commerce's most frequently originated type of loan was Conventional, with 1,464 originations. Their 2nd most popular type was HELOC, with 516 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,443 $417,925,000 $289,622 $4,191 4.81%
    Other 249 $50,105,000 $201,225 $3,577 4.96%
    Refi 211 $53,195,000 $252,109 $3,401 5.05%
    Home Improvement 151 $23,885,000 $158,179 $4,471 5.05%
    Cash Out Refi 135 $38,095,000 $282,185 $4,030 4.83%
    NA 2 $980,000 $490,000 $9,137 5.00%

    For 2018, National Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 1,443 originations. The 2nd most popular reason was Other, with 249 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,362 $397,310,000 $291,711 $4,217 4.79%
    10 Year 428 $76,790,000 $179,416 $2,527 4.97%
    Other 110 $32,600,000 $296,364 $2,746 5.20%
    15 Year 108 $25,210,000 $233,426 $3,250 4.31%
    5 Year 100 $27,680,000 $276,800 $1,030 5.30%
    1 Year 52 $12,750,000 $245,192 $4,477 5.65%
    20 Year 18 $2,990,000 $166,111 $2,452 4.71%
    30+ year 10 $6,240,000 $624,000 $8,918 5.45%
    3 Year 3 $2,615,000 $871,667 $427 5.08%

    For 2018, National Bank Of Commerce's most frequently cited loan duration was 30 Year, with 1,362 originations. The 2nd most popular length was 10 Year, with 428 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 741 $205,265,000 $277,011
    $1k-2k 412 $110,420,000 $268,010
    $5k+ 89 $49,975,000 $561,517
    $2k-3k 79 $18,765,000 $237,532
    $4k-5k 49 $18,605,000 $379,694
    $3k-4k 47 $14,595,000 $310,532

    National Bank Of Commerce's average total fees were $4,217, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 741 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,409 $380,635,000 $270,145
    5-6% 635 $168,875,000 $265,945
    3-4% 116 $28,710,000 $247,500
    6-7% 28 $5,190,000 $185,357
    7-8% 3 $775,000 $258,333

    During 2018, National Bank Of Commerce's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 1,409 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 820 $229,540,000 $279,927 $3,996 4.80%
    $100k-200k 656 $95,870,000 $146,143 $3,301 4.86%
    $100,000 or less 355 $21,835,000 $61,507 $2,677 5.02%
    $400k-600k 237 $111,815,000 $471,793 $5,669 4.81%
    $600k-1MM 79 $59,435,000 $752,342 $7,061 5.06%
    $1MM+ 44 $65,690,000 $1,492,955 $9,668 5.01%

    2018 saw National Bank Of Commerce place emphasis on $200k-400k loans with 820 originations, totaling $229,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 429 $105,885,000 $246,818 $4,027 4.76%
    $150k-250k 412 $122,350,000 $296,966 $4,533 4.87%
    $250k+ 350 $161,950,000 $462,714 $5,438 4.94%
    $50k-75k 334 $54,380,000 $162,814 $3,506 4.79%
    $75k-100k 298 $64,390,000 $216,074 $4,046 4.80%
    $50k or less 236 $29,520,000 $125,085 $3,358 4.79%

    National Bank Of Commerce lent most frequently to those with incomes in the $100k-150k range, with 429 originations. The second most popular income band? $150k-250k, with 412 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 483 $125,455,000 $259,741 $4,058 4.76%
    30-36% 364 $93,870,000 $257,885 $3,884 4.88%
    <20% 251 $60,605,000 $241,454 $3,634 4.80%
    41% 90 $26,070,000 $289,667 $4,292 4.88%
    38% 89 $22,705,000 $255,112 $4,034 4.85%
    39% 87 $22,995,000 $264,310 $4,285 4.90%
    36% 77 $21,585,000 $280,325 $4,499 4.91%
    40% 75 $20,055,000 $267,400 $4,196 5.02%
    37% 74 $18,230,000 $246,351 $3,536 4.85%
    42% 71 $19,825,000 $279,225 $4,163 4.85%
    43% 69 $17,505,000 $253,696 $3,833 4.83%
    44% 58 $16,680,000 $287,586 $4,096 4.87%
    50-60% 54 $15,480,000 $286,667 $5,598 4.70%
    48% 45 $10,505,000 $233,444 $4,738 4.72%
    46% 44 $12,180,000 $276,818 $4,139 4.75%
    45% 43 $11,665,000 $271,279 $4,812 4.76%
    49% 40 $9,770,000 $244,250 $4,309 4.70%
    47% 27 $8,685,000 $321,667 $4,957 4.82%
    >60% 16 $5,230,000 $326,875 $4,193 5.01%

    National Bank Of Commerce lent most frequently to those with DTI ratios of 20-30%, with 483 originations. The next most common DTI ratio? 30-36%, with 364 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,714 $443,140,000 $258,541 $4,147 4.83%
    Not applicable 127 $44,945,000 $353,898 $0 5.51%
    Not provided 174 $44,440,000 $255,402 $3,801 4.86%
    Black 135 $38,505,000 $285,222 $4,080 4.84%
    Asian 35 $10,705,000 $305,857 $4,858 4.72%
    Asian Indian 4 $1,680,000 $420,000 $0 5.00%
    Other Asian 1 $605,000 $605,000 $0 4.75%
    Other Pacific Islander 1 $165,000 $165,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    89.54%

    National Bank Of Commerce has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.54%

    National Bank Of Commerce has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    136.5 1 $55,000 $55,000
    NA 2,190 $584,130,000 $266,726

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 20 $14,360,000 $718,000
    Single Family (1-4 Units):Manufactured 4 $200,000 $50,000
    Single Family (1-4 Units):Site-Built 2,167 $569,625,000 $262,863

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 222 $38,820,000 $174,865 $3,338 4.93%
    40-60% 239 $65,455,000 $273,870 $3,650 4.82%
    60-80% 694 $227,040,000 $327,147 $3,906 4.90%
    80-100% 812 $229,410,000 $282,525 $4,385 4.79%
    Over 100% 10 $3,020,000 $302,000 $8,400 4.38%
    Under 20% 211 $20,045,000 $95,000 $2,354 5.05%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    National Title Co. Other type of mortgage Closing on a mortgage 1 100.0%