Finemark National Bank & Trust Mortgage Rates, Fees & Info
Fort Myers, FLLEI: 5493005JF6BKCN6OY689
Tax ID: 20-8075599
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Mortgage Data
Review & Overview
Finemark National Bank & Trust is a smaller bank specializing in loans. Finemark National Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Naples, Cape Coral, Phoenix, Charleston, and Miami among others. We have data for 55 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 3/28/23 |
| 30 Year Conventional Refi | 6.52% | 3/28/23 |
| 30 Year Cash-out Refi | 6.49% | 3/28/23 |
| 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. | ||
Originations
381Origination Dollar Volume (All Markets)
$401,855,000Relative Rate
Finemark National Bank & Trust's average 30 year fixed mortgage rate was
4.32%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.44%.
Relative Fees (Closing Costs)
Finemark National Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,477.
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 $4,750.
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) | 88 | $135,010,000 | $1,534,205 | $9,745 | 4.36% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 90 | $60,470,000 | $671,889 | $5,737 | 4.28% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 63 | $57,865,000 | $918,492 | $6,899 | 4.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 38 | $41,840,000 | $1,101,053 | $4,666 | 4.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $20,095,000 | $1,339,667 | $6,133 | 4.23% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $9,070,000 | $2,267,500 | $14,679 | 3.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $8,260,000 | $4,130,000 | $3,536 | 4.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $6,595,000 | $2,198,333 | $5,624 | 4.46% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $5,790,000 | $1,447,500 | $5,760 | 3.59% |
| Outside of Metro Areas | 4 | $5,590,000 | $1,397,500 | $7,872 | 3.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $4,225,000 | $1,408,333 | $20,099 | 4.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $3,675,000 | $1,225,000 | $3,751 | 4.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $3,345,000 | $1,115,000 | $8,744 | 4.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $3,020,000 | $1,510,000 | $16,866 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $2,800,000 | $700,000 | $4,198 | 3.84% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,480,000 | $1,240,000 | $9,639 | 5.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $2,415,000 | $2,415,000 | $7,597 | 3.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $2,285,000 | $2,285,000 | $16,238 | 3.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $2,090,000 | $522,500 | $4,066 | 4.16% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $10,040 | 3.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $4,490 | 3.69% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $6,496 | 4.69% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $5,907 | 5.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $4,947 | 4.50% |
| Hilo, HI (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 5.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $3,124 | 3.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $2,534 | 4.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $3,517 | 3.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,331 | 4.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,306 | 4.75% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,255 | 6.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 3.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,393 | 4.75% |
| Brevard, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $8,447 | 4.00% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,167 | 5.81% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,552 | 4.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,171 | 4.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,156 | 4.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,010 | 3.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,852 | 5.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,167 | 6.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,500 | 3.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,286 | 4.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,597 | 4.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,860 | 3.50% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,200 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,433 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,688 | 4.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,195 | 5.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,246 | 3.38% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,734 | 5.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 381 | $401,855,000 | $1,054,738 | $6,860 | 4.30% |
For 2022, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 381 originations.
Loan Reason
For 2022, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 299 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
For 2022, Finemark National Bank & Trust's most frequently cited loan duration was 30 Year, with 314 originations. The 2nd most popular length was Other, with 21 originations.
Origination Fees/Closing Costs
Finemark National Bank & Trust's average total fees were $6,477, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.
Interest Rates
During 2022, Finemark National Bank & Trust's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 3-4%, with 171 originations.
Loan Sizing
2022 saw Finemark National Bank & Trust place emphasis on $1MM+ loans with 111 originations, totaling $284,615,000 in origination value.
Applicant Income
Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 168 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
Finemark National Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? <20%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.33%
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 origination88.71%
Finemark National Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 381 | $401,855,000 | $1,054,738 |