Continental National Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 5493004O9GGH58IPFT94
Tax ID: 59-1521267
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Mortgage Data
Review & Overview
Continental National Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Continental National Bank has a high proportion of conventional loans. Their top two markets are Miami and Gainesville .Continental National 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
57Origination Dollar Volume (All Markets)
$27,615,000Top 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) | 56 | $27,170,000 | $485,179 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $27,615,000 | $484,474 | $0 | 0.00% |
For 2018, Continental National Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 26 | $12,900,000 | $496,154 | $0 | 0.00% |
| Home Purchase | 17 | $9,785,000 | $575,588 | $0 | 0.00% |
| Refi | 14 | $4,930,000 | $352,143 | $0 | 0.00% |
For 2018, Continental National Bank's most frequently cited loan purpose was Cash Out Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $27,615,000 | $484,474 | $0 | 0.00% |
For 2018, Continental National Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2018 saw Continental National Bank place emphasis on $200k-400k loans with 18 originations, totaling $4,900,000 in origination value.
Applicant Income
Continental National Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $27,615,000 | $484,474 | $0 | 0.00% |
Continental National Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.80%
Continental National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination64.91%
Continental National 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 | 57 | $27,615,000 | $484,474 |