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 Home Purchase, Refi, and Cash Out Refi loans. Continental National Bank has a high proportion of conventional loans. Their top (well, only) market is Miami.Continental National Bank has an above 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
31Origination Dollar Volume (All Markets)
$22,985,000Top 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) | 31 | $22,985,000 | $741,452 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $22,985,000 | $741,452 | $0 | 0.00% |
For 2019, Continental National Bank's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 14 | $8,160,000 | $582,857 | $0 | 0.00% |
| Refi | 10 | $8,300,000 | $830,000 | $0 | 0.00% |
| Cash Out Refi | 7 | $6,525,000 | $932,143 | $0 | 0.00% |
For 2019, Continental National Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $22,985,000 | $741,452 | $0 | 0.00% |
For 2019, Continental National Bank's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2019 saw Continental National Bank place emphasis on $600k-1MM loans with 9 originations, totaling $6,885,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 6 | $7,670,000 | $1,278,333 | $0 | 0.00% |
| $100k-150k | 3 | $425,000 | $141,667 | $0 | 0.00% |
| $50k-75k | 1 | $25,000 | $25,000 | $0 | 0.00% |
Continental National Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $22,985,000 | $741,452 | $0 | 0.00% |
Continental National Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.86%
Continental National Bank has an average approval rate.
Pick Rate
Approvals leading to origination32.26%
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 | 31 | $22,985,000 | $741,452 |