Finemark National Bank & Trust Mortgage Rates, Fees & Info

Fort Myers, FL

LEI: 5493005JF6BKCN6OY689

Tax ID: 20-8075599

5 stars - Updated: 5/19/24 - out of 5 stars, based on 16 reviews

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

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Mortgage Data

Review & Overview

Finemark National Bank & Trust is a smaller bank specializing in Home Purchase loans. Finemark National Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Naples, Phoenix, Cape Coral, Charleston, and Miami among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

Finemark National Bank & Trust 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. Finemark National Bank & Trust is typically an average 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 relatively high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.60% 5/19/24
30 Year Conventional Refi 6.52% 5/19/24
30 Year Cash-out Refi 6.49% 5/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Finemark National Bank & Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Finemark National Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

260

Origination Dollar Volume (All Markets)

$251,240,000

Awards

FineMark National Bank & Trust 30 Year Conventional Loans gold FineMark National Bank & Trust 30 Year Conventional Loans bronze FineMark National Bank & Trust 30 Year Conventional Loans gold FineMark National Bank & Trust 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Finemark National Bank & Trust's average 30 year fixed mortgage rate was 6.49%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.01%.

Relative Fees (Closing Costs)

Finemark National Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $7,643.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 49 $75,845,000 $1,547,857 $10,921 6.83%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 58 $47,850,000 $825,000 $7,988 6.35%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 54 $43,190,000 $799,815 $7,083 6.81%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 28 $27,030,000 $965,357 $6,120 6.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $7,015,000 $467,667 $4,520 5.28%
Outside of Metro Areas 8 $6,700,000 $837,500 $5,417 6.53%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $6,275,000 $896,429 $8,288 6.54%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $4,790,000 $1,197,500 $8,547 6.69%
Lebanon, NH-VT (FHA|USDA|VA) 1 $3,585,000 $3,585,000 $18,341 7.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $2,955,000 $2,955,000 $0 6.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,670,000 $1,335,000 $9,499 6.25%
Seneca, SC (FHA|USDA|VA) 1 $2,645,000 $2,645,000 $0 7.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $2,275,000 $2,275,000 $10,117 6.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $0 7.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $8,432 6.38%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $3,757 6.09%
Cullowhee, NC (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $0 7.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $10,717 7.13%
BOULDER, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $3,695 7.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $4,424 4.25%
Kalispell, MT (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $4,795 5.63%
SPARTANBURG, SC (FHA|USDA|VA) 2 $900,000 $450,000 $3,992 6.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $845,000 $845,000 $4,866 7.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $805,000 $805,000 $6,505 7.38%
Clewiston, FL (FHA|USDA|VA) 1 $765,000 $765,000 $11,577 7.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $645,000 $645,000 $4,856 6.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $485,000 $485,000 $0 6.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $405,000 $405,000 $3,575 6.38%
Glenwood Springs, CO (FHA|USDA|VA) 1 $355,000 $355,000 $2,966 6.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,528 7.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $3,658 7.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $4,241 7.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,626 7.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $5,726 7.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.13%
Fredericksburg, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.00%
FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,830 6.50%
Arcadia, FL (FHA|USDA|VA) 1 $55,000 $55,000 $1,933 8.25%
Finemark National Bank & Trust's top markets include Naples, Phoenix, Cape Coral, Charleston, and Miami among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 260 $251,240,000 $966,308 $7,477 6.54%

    For 2023, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 235 $227,005,000 $965,979 $7,731 6.52%
    Home Improvement 10 $13,150,000 $1,315,000 $7,854 6.85%
    Other 8 $4,120,000 $515,000 $2,903 6.69%
    Cash Out Refi 4 $2,500,000 $625,000 $4,604 6.47%
    Refi 3 $4,465,000 $1,488,333 $3,626 6.96%

    For 2023, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Home Improvement, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 226 $214,110,000 $947,389 $7,643 6.49%
    5 Year 11 $13,675,000 $1,243,182 $10,768 6.86%
    Other 9 $11,315,000 $1,257,222 $7,080 6.76%
    10 Year 6 $6,570,000 $1,095,000 $1,992 6.88%
    20 Year 4 $2,010,000 $502,500 $5,204 6.47%
    1 Year 3 $2,855,000 $951,667 $4,181 7.67%
    3 Year 1 $705,000 $705,000 $0 6.75%

    For 2023, Finemark National Bank & Trust's most frequently cited loan duration was 30 Year, with 226 originations. The 2nd most popular length was 5 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 123 $86,665,000 $704,593
    $1k-2k 66 $64,560,000 $978,182
    $5k+ 11 $17,935,000 $1,630,455
    $2k-3k 10 $21,170,000 $2,117,000
    $3k-4k 4 $19,910,000 $4,977,500

    Finemark National Bank & Trust's average total fees were $7,643, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 124 $148,040,000 $1,193,871
    7-8% 76 $74,730,000 $983,289
    5-6% 36 $20,750,000 $576,389
    4-5% 19 $6,705,000 $352,895
    2.5-3% 2 $500,000 $250,000
    3-4% 2 $460,000 $230,000
    Over 8% 1 $55,000 $55,000

    During 2023, Finemark National Bank & Trust's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 89 $177,635,000 $1,995,899 $12,714 6.74%
    $200k-400k 69 $19,575,000 $283,696 $3,696 6.08%
    $600k-1MM 42 $31,770,000 $756,429 $7,008 6.90%
    $400k-600k 40 $19,310,000 $482,750 $4,823 6.72%
    $100k-200k 17 $2,775,000 $163,235 $2,813 5.98%
    $100,000 or less 3 $175,000 $58,333 $2,113 6.83%

    2023 saw Finemark National Bank & Trust place emphasis on $1MM+ loans with 89 originations, totaling $177,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 120 $162,940,000 $1,357,833 $10,006 6.85%
    $50k-75k 29 $7,415,000 $255,690 $3,151 5.38%
    $150k-250k 26 $12,340,000 $474,615 $6,191 6.92%
    $100k-150k 17 $6,435,000 $378,529 $4,175 6.57%
    $50k or less 7 $1,745,000 $249,286 $3,015 5.29%
    $75k-100k 6 $2,390,000 $398,333 $3,158 5.73%

    Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 120 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 38 $41,660,000 $1,096,316 $8,987 6.65%
    30-36% 36 $37,780,000 $1,049,444 $7,532 6.61%
    20-30% 31 $30,565,000 $985,968 $7,219 6.64%
    42% 13 $8,925,000 $686,538 $5,222 6.21%
    43% 12 $8,370,000 $697,500 $7,649 6.60%
    50-60% 11 $12,155,000 $1,105,000 $7,310 6.61%
    >60% 11 $15,385,000 $1,398,636 $9,075 6.65%
    40% 11 $8,445,000 $767,727 $6,566 6.70%
    41% 10 $6,780,000 $678,000 $6,846 6.43%
    36% 10 $13,770,000 $1,377,000 $8,059 6.04%
    37% 8 $6,220,000 $777,500 $5,978 6.09%
    38% 8 $5,260,000 $657,500 $4,750 5.92%
    39% 7 $3,065,000 $437,857 $4,942 6.05%
    45% 5 $8,875,000 $1,775,000 $9,821 6.88%
    44% 4 $1,000,000 $250,000 $4,684 5.00%
    46% 3 $1,155,000 $385,000 $4,817 5.42%
    47% 2 $3,990,000 $1,995,000 $20,321 6.56%
    49% 2 $1,460,000 $730,000 $8,019 6.69%

    Finemark National Bank & Trust lent most frequently to those with DTI ratios of <20%, with 38 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $190,025,000 $1,027,162 $7,766 6.53%
    Not applicable 41 $40,335,000 $983,780 $8,687 6.87%
    Not provided 13 $12,075,000 $928,846 $7,734 6.66%
    Black 13 $4,085,000 $314,231 $3,644 5.63%
    Asian 3 $1,785,000 $595,000 $5,138 6.17%
    Asian Indian 1 $1,285,000 $1,285,000 $14,048 7.25%
    Filipino 1 $935,000 $935,000 $6,836 6.25%
    American Indian 3 $715,000 $238,333 $3,583 5.92%

    Approval Rates

    Total approvals of all applications
    97.26%

    Finemark National Bank & Trust 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
    87.31%

    Finemark National Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 260 $251,240,000 $966,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    260 $251,240,000 $966,308

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $18,220,000 $1,138,750 $7,559 6.91%
    40-60% 40 $43,570,000 $1,089,250 $8,677 6.39%
    60-80% 107 $108,505,000 $1,014,065 $8,092 6.59%
    80-100% 91 $78,865,000 $866,648 $6,666 6.48%
    Under 20% 6 $2,080,000 $346,667 $2,457 6.60%