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, 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 a low 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

    381

    Origination Dollar Volume (All Markets)

    $401,855,000
    Show all (7) 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) 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, KY (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%
    Finemark National Bank & Trust's top markets include Naples, Cape Coral, Phoenix, 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)
  • Maryland (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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 94
    We Florida Financial
    Similarity Rank: 156
    Barley Mortgage, LLC
    Similarity Rank: 444
    First Credit Union
    Similarity Rank: 450
    ACHIEVA CREDIT UNION
    Similarity Rank: 504
    First Foundation Bank
    Similarity Rank: 858
    AERO Federal Credit Union
    Similarity Rank: 894
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 1030
    TrustCo Bank
    Similarity Rank: 1064
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 1331

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 299 $327,535,000 $1,095,435 $7,607 4.38%
    Cash Out Refi 30 $30,060,000 $1,002,000 $5,300 3.75%
    Other 29 $18,285,000 $630,517 $3,994 4.18%
    Refi 17 $24,345,000 $1,432,059 $3,870 4.21%
    Home Improvement 6 $1,630,000 $271,667 $3,950 3.90%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 314 $308,760,000 $983,312 $6,477 4.32%
    Other 21 $30,295,000 $1,442,619 $8,218 4.22%
    5 Year 20 $33,730,000 $1,686,500 $13,157 4.30%
    1 Year 11 $19,435,000 $1,766,818 $10,854 4.30%
    10 Year 6 $2,030,000 $338,333 $3,428 3.83%
    20 Year 3 $1,795,000 $598,333 $10,946 3.75%
    15 Year 3 $725,000 $241,667 $2,254 3.50%
    3 Year 3 $5,085,000 $1,695,000 $16,880 4.38%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $180,800,000 $753,333
    $1k-2k 33 $51,095,000 $1,548,333
    $2k-3k 7 $12,635,000 $1,805,000
    $5k+ 5 $26,605,000 $5,321,000
    $3k-4k 4 $9,890,000 $2,472,500
    $4k-5k 2 $5,670,000 $2,835,000

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 171 $183,905,000 $1,075,468
    4-5% 124 $129,860,000 $1,047,258
    5-6% 53 $57,315,000 $1,081,415
    2.5-3% 17 $10,285,000 $605,000
    6-7% 16 $20,490,000 $1,280,625

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 111 $284,615,000 $2,564,099 $13,167 4.23%
    $200k-400k 109 $32,185,000 $295,275 $3,650 4.23%
    $600k-1MM 67 $50,335,000 $751,269 $5,724 4.38%
    $400k-600k 61 $30,285,000 $496,475 $4,905 4.57%
    $100k-200k 27 $4,045,000 $149,815 $2,552 4.09%
    $100,000 or less 6 $390,000 $65,000 $2,316 3.94%

    2022 saw Finemark National Bank & Trust place emphasis on $1MM+ loans with 111 originations, totaling $284,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 168 $211,880,000 $1,261,190 $8,620 4.39%
    $150k-250k 41 $21,215,000 $517,439 $4,820 4.51%
    $100k-150k 26 $11,170,000 $429,615 $4,286 4.16%
    $50k-75k 23 $4,815,000 $209,348 $2,869 4.18%
    $50k or less 12 $2,710,000 $225,833 $2,885 3.65%
    $75k-100k 9 $2,935,000 $326,111 $4,026 4.25%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $69,160,000 $934,595 $6,340 4.15%
    <20% 64 $82,940,000 $1,295,938 $8,274 4.42%
    30-36% 58 $47,360,000 $816,552 $5,604 4.25%
    >60% 20 $16,450,000 $822,500 $7,149 4.37%
    42% 12 $6,520,000 $543,333 $4,695 4.76%
    50-60% 12 $8,040,000 $670,000 $4,097 4.18%
    36% 11 $8,365,000 $760,455 $4,372 3.99%
    43% 10 $6,850,000 $685,000 $5,435 4.51%
    37% 10 $4,510,000 $451,000 $4,665 4.19%
    39% 9 $15,825,000 $1,758,333 $14,658 4.31%
    38% 9 $12,945,000 $1,438,333 $9,196 4.26%
    40% 8 $12,980,000 $1,622,500 $9,372 4.47%
    41% 8 $5,990,000 $748,750 $5,098 4.25%
    44% 4 $2,350,000 $587,500 $5,368 4.63%
    49% 3 $1,405,000 $468,333 $4,893 4.50%
    48% 1 $535,000 $535,000 $4,233 4.88%
    47% 1 $2,005,000 $2,005,000 $8,684 4.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 260 $244,120,000 $938,923 $6,538 4.31%
    Not applicable 73 $114,325,000 $1,566,096 $9,723 4.33%
    Not provided 25 $33,135,000 $1,325,400 $11,264 4.39%
    Black 10 $4,710,000 $471,000 $5,511 3.53%
    Asian Indian 3 $2,845,000 $948,333 $6,186 5.21%
    Asian 5 $1,465,000 $293,000 $3,614 3.83%
    American Indian 4 $1,000,000 $250,000 $3,448 4.56%
    Korean 1 $255,000 $255,000 $4,140 3.63%

    Approval Rates

    Total approvals of all applications
    98.33%

    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 origination
    88.71%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    381 $401,855,000 $1,054,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $23,150,000 $771,667 $5,505 4.34%
    40-60% 71 $86,925,000 $1,224,296 $6,701 4.15%
    60-80% 153 $171,375,000 $1,120,098 $8,606 4.50%
    80-100% 109 $114,175,000 $1,047,477 $6,181 4.14%
    Under 20% 18 $6,230,000 $346,111 $3,583 3.95%