Finemark National Bank & Trust Mortgage Rates, Fees & Info

Fort Myers, FL

LEI: 5493005JF6BKCN6OY689

Tax ID: 20-8075599

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    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

    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)

    • 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.

    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 284
    Barley Mortgage, LLC
    Similarity Rank: 420
    We Florida Financial
    Similarity Rank: 476
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 588
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 588
    MIDFLORIDA
    Similarity Rank: 792
    The Bank of South Carolina
    Similarity Rank: 812
    CREDIT UNION WEST
    Similarity Rank: 814
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 825
    Terrabank
    Similarity Rank: 852

    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%