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

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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 Other, Refi, and Home Purchase loans. National Bank Of Commerce has an average proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Orlando, Daphne, Deltona, and Huntsville among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National Bank Of Commerce has an above average approval rate when compared to the average across all lenders. They have an above 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.

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    Originations

    113

    Origination Dollar Volume (All Markets)

    $24,345,000

    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
    JACKSONVILLE, FL (FHA|USDA|VA) 16 $4,310,000 $269,375 $0 5.64%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,730,000 $310,833 $362 5.52%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 15 $2,945,000 $196,333 $0 5.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $2,685,000 $206,538 $0 5.49%
    HUNTSVILLE, AL (FHA|USDA|VA) 11 $1,825,000 $165,909 $0 5.91%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $1,510,000 $188,750 $0 5.80%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,175,000 $167,857 $0 5.64%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $965,000 $965,000 $0 5.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 7 $925,000 $132,143 $0 6.24%
    Key West, FL (FHA|USDA|VA) 1 $885,000 $885,000 $0 5.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 6 $870,000 $145,000 $0 5.58%
    Cullman, AL (FHA|USDA|VA) 1 $775,000 $775,000 $0 5.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $545,000 $109,000 $0 5.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $430,000 $107,500 $0 5.50%
    Cedartown, GA (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.75%
    Outside of Metro Areas 1 $155,000 $155,000 $0 5.50%
    COLUMBIA, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.70%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    St. Marys, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.53%
    Albertville, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
    National Bank Of Commerce's top markets include Jacksonville, Orlando, Daphne, Deltona, and Huntsville among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South 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: 9
    AMERICA'S FIRST
    Similarity Rank: 80
    Gulf Winds Credit Union
    Similarity Rank: 225
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 225
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 268
    ALABAMA CREDIT UNION
    Similarity Rank: 288
    McCoy Federal Credit Union
    Similarity Rank: 342
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 500
    Emory Alliance Credit Union
    Similarity Rank: 516
    Pen Air Federal Credit Union
    Similarity Rank: 520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 85 $17,875,000 $210,294 n/a 5.63%
    Conventional 28 $6,470,000 $231,071 $362 5.66%

    For 2019, National Bank Of Commerce's most frequently originated type of loan was HELOC, with 85 originations. Their 2nd most popular type was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 35 $7,665,000 $219,000 $0 5.63%
    Refi 29 $5,735,000 $197,759 $362 5.66%
    Home Purchase 26 $7,950,000 $305,769 $0 5.59%
    Home Improvement 23 $2,995,000 $130,217 $0 5.68%

    For 2019, National Bank Of Commerce's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 76 $14,990,000 $197,237 $0 5.62%
    5 Year 20 $5,540,000 $277,000 $0 5.59%
    Other 11 $2,025,000 $184,091 $0 5.79%
    1 Year 5 $1,585,000 $317,000 $362 5.85%
    3 Year 1 $205,000 $205,000 $0 5.50%

    For 2019, National Bank Of Commerce's most frequently cited loan duration was 10 Year, with 76 originations. The 2nd most popular length was 5 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $95,000 $95,000

    National Bank Of Commerce's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 102 $23,240,000 $227,843
    6-7% 10 $1,090,000 $109,000
    7-8% 1 $15,000 $15,000

    During 2019, National Bank Of Commerce's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,475,000 $60,366 $362 5.71%
    $100k-200k 35 $4,725,000 $135,000 $0 5.63%
    $200k-400k 18 $4,780,000 $265,556 $0 5.55%
    $400k-600k 9 $4,255,000 $472,778 $0 5.72%
    $600k-1MM 9 $7,105,000 $789,444 $0 5.47%
    $1MM+ 1 $1,005,000 $1,005,000 $0 5.50%

    2019 saw National Bank Of Commerce place emphasis on $100,000 or less loans with 41 originations, totaling $2,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $9,900,000 $330,000 $0 5.62%
    $150k-250k 21 $3,735,000 $177,857 $0 5.71%
    $75k-100k 15 $2,335,000 $155,667 $362 5.55%
    $100k-150k 10 $1,210,000 $121,000 $0 5.82%
    $50k or less 7 $505,000 $72,143 $0 5.54%
    $50k-75k 5 $525,000 $105,000 $0 5.50%

    National Bank Of Commerce lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $4,865,000 $231,667 $0 5.72%
    <20% 19 $5,205,000 $273,947 $0 5.67%
    30-36% 18 $3,810,000 $211,667 $0 5.58%
    40% 6 $360,000 $60,000 $0 5.67%
    42% 5 $1,525,000 $305,000 $0 5.45%
    39% 4 $450,000 $112,500 $0 5.44%
    41% 2 $320,000 $160,000 $0 6.00%
    37% 2 $200,000 $100,000 $0 5.50%
    36% 2 $410,000 $205,000 $0 5.50%
    45% 2 $400,000 $200,000 $0 5.50%
    49% 2 $130,000 $65,000 $0 5.50%
    >60% 1 $95,000 $95,000 $362 5.75%
    38% 1 $85,000 $85,000 $0 6.50%
    50-60% 1 $155,000 $155,000 $0 5.50%

    National Bank Of Commerce lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? <20%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 81 $16,515,000 $203,889 $362 5.64%
    Not applicable 24 $6,070,000 $252,917 $0 5.65%
    Not provided 6 $1,350,000 $225,000 $0 5.67%
    1 $305,000 $305,000 $0 5.50%
    Black 1 $105,000 $105,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    96.67%

    National Bank Of Commerce has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.35%

    National Bank Of Commerce has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $24,345,000 $215,442

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,280,000 $640,000
    Single Family (1-4 Units):Site-Built 111 $23,065,000 $207,793

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,530,000 $141,563 $362 5.56%
    40-60% 14 $4,460,000 $318,571 $0 5.51%
    60-80% 29 $7,675,000 $264,655 $0 5.60%
    80-100% 12 $5,270,000 $439,167 $0 5.68%
    Over 100% 1 $505,000 $505,000 $0 6.00%
    Under 20% 25 $1,905,000 $76,200 $0 5.83%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    National Default Servicing Corporation Conventional home mortgage Struggling to pay mortgage 3 100.0%