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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 4/25/24 |
| 30 Year Conventional Refi | 6.52% | 4/25/24 |
| 30 Year Cash-out Refi | 6.49% | 4/25/24 |
| 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
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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
260Origination Dollar Volume (All Markets)
$251,240,000Awards
FineMark National Bank & Trust - 2023
FineMark National Bank & Trust is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
Similar Lenders
We use machine learning to identify the top lenders compared against FineMark National Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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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
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
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
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
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
2023 saw Finemark National Bank & Trust place emphasis on $1MM+ loans with 89 originations, totaling $177,635,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.26%
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 origination87.31%
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 |