Sabal Palm Bank Mortgage Rates, Fees & Info
Sarasota, FLLEI: 5493001U42IS0UVK9L54
Tax ID: 20-5464849
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Mortgage Data
Review & Overview
Sabal Palm Bank is a smaller bank specializing in Home Purchase loans. Sabal Palm Bank has a high proportion of conventional loans. Their top two markets are North Port and Gainesville .Sabal Palm Bank 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.
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Originations
42Origination Dollar Volume (All Markets)
$13,010,000Top 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 |
|---|---|---|---|---|---|
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 41 | $12,805,000 | $312,317 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $13,010,000 | $309,762 | $0 | 0.00% |
For 2019, Sabal Palm Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2019, Sabal Palm Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $13,010,000 | $309,762 | $0 | 0.00% |
For 2019, Sabal Palm Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2019 saw Sabal Palm Bank place emphasis on $200k-400k loans with 14 originations, totaling $3,970,000 in origination value.
Applicant Income
Sabal Palm Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $13,010,000 | $309,762 | $0 | 0.00% |
Sabal Palm Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.91%
Sabal Palm Bank has a below average approval rate.
Pick Rate
Approvals leading to origination-14.29%
Sabal Palm 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 |
|---|---|---|---|
| Exempt | 42 | $13,010,000 | $309,762 |