Seacoast National Bank Mortgage Rates, Fees & Info

Stuart, FL

LEI: 5493006MCOP60BBI4G97

Tax ID: 59-0193820

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Seacoast National Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. Seacoast National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Miami, Port St. Lucie, Orlando, Tampa, and Deltona among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Seacoast National Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Seacoast National Bank 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
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.50% 11/17/24
    30 Year Conventional Refi 6.39% 11/17/24
    30 Year Cash-out Refi 6.57% 11/17/24
    30 Year FHA Purchase 7.23% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    30 Year VA Purchase 6.40% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 6.07% 11/17/24
    15 Year Conventional Refi 6.28% 11/17/24
    15 Year Cash-out Refi 6.28% 11/17/24
    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.

    Seacoast National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Seacoast National Bank. 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

    3,185

    Origination Dollar Volume (All Markets)

    $657,225,000
    Show all (5) 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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 703 $173,955,000 $247,447 $7,501 5.39%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 749 $132,655,000 $177,109 $5,438 5.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 684 $127,430,000 $186,301 $6,312 5.57%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 268 $76,620,000 $285,896 $8,449 5.54%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 190 $36,150,000 $190,263 $6,638 5.42%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 126 $25,500,000 $202,381 $6,532 5.60%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 156 $22,350,000 $143,269 $4,848 5.24%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 73 $19,415,000 $265,959 $8,287 5.36%
    JACKSONVILLE, FL (FHA|USDA|VA) 56 $9,150,000 $163,393 $4,951 6.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 29 $6,765,000 $233,276 $5,955 5.33%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 23 $4,655,000 $202,391 $6,941 6.10%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 10 $4,610,000 $461,000 $5,318 5.33%
    Okeechobee, FL (FHA|USDA|VA) 27 $2,975,000 $110,185 $5,876 5.83%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 26 $2,930,000 $112,692 $7,289 6.11%
    Key West, FL (FHA|USDA|VA) 3 $1,885,000 $628,333 $0 5.63%
    GAINESVILLE, FL (FHA|USDA|VA) 9 $1,885,000 $209,444 $4,405 5.90%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,610,000 $402,500 $0 6.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 8 $1,490,000 $186,250 $6,691 4.70%
    THE VILLAGES, FL (FHA|USDA|VA) 6 $1,340,000 $223,333 $5,584 5.98%
    OCALA, FL (FHA|USDA|VA) 12 $900,000 $75,000 $4,994 5.77%
    TALLAHASSEE, FL (FHA|USDA|VA) 5 $785,000 $157,000 $6,697 5.35%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $610,000 $305,000 $6,732 4.50%
    Clewiston, FL (FHA|USDA|VA) 6 $610,000 $101,667 $4,138 5.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $300,000 $75,000 $0 5.25%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 6.50%
    Palatka, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.50%
    Outside of Metro Areas 2 $110,000 $55,000 $0 6.13%
    Arcadia, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
    Seacoast National Bank's top markets include Miami, Port St. Lucie, Orlando, Tampa, and Deltona among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Seacoast National Bank 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
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 216
    RAILROAD & INDUSTRIAL
    Similarity Rank: 335
    SAN ANTONIO CITIZENS
    Similarity Rank: 340
    INSIGHT
    Similarity Rank: 780
    First Foundation Bank
    Similarity Rank: 858
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 1104
    Citizens First Bank
    Similarity Rank: 1116
    ADDITION FINANCIAL
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,559 $380,395,000 $148,650 n/a 5.63%
    Conventional 601 $269,515,000 $448,444 $6,171 4.53%
    FHA 18 $4,550,000 $252,778 $10,055 4.62%
    VA 7 $2,765,000 $395,000 $9,646 4.30%

    For 2022, Seacoast National Bank's most frequently originated type of loan was HELOC, with 2,559 originations. Their 2nd most popular type was Conventional, with 601 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,632 $202,210,000 $123,903 $5,815 5.59%
    Home Purchase 784 $292,880,000 $373,571 $6,889 5.09%
    Other 426 $50,660,000 $118,920 $3,603 5.96%
    Refi 228 $62,770,000 $275,307 $4,790 4.99%
    Cash Out Refi 115 $48,705,000 $423,522 $5,426 4.07%

    For 2022, Seacoast National Bank's most frequently cited loan purpose was Home Improvement, with 1,632 originations. The 2nd most popular reason was Home Purchase, with 784 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,486 $233,500,000 $157,133 $4,737 5.48%
    30 Year 1,416 $351,960,000 $248,559 $6,272 5.38%
    Other 223 $32,145,000 $144,148 $0 5.35%
    30+ year 29 $21,105,000 $727,759 $10,171 5.49%
    10 Year 19 $12,145,000 $639,211 $2,486 4.13%
    20 Year 8 $2,360,000 $295,000 $5,040 3.92%
    5 Year 4 $4,010,000 $1,002,500 $0 4.07%

    For 2022, Seacoast National Bank's most frequently cited loan duration was 15 Year, with 1,486 originations. The 2nd most popular length was 30 Year, with 1,416 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 395 $162,775,000 $412,089
    $2k-3k 48 $20,290,000 $422,708
    $5k+ 25 $15,565,000 $622,600
    $<1k 22 $14,360,000 $652,727
    $3k-4k 21 $7,255,000 $345,476
    $4k-5k 15 $9,745,000 $649,667

    Seacoast National Bank's average total fees were $6,272, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 395 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 806 $201,170,000 $249,591
    3-4% 706 $179,810,000 $254,688
    5-6% 699 $130,375,000 $186,516
    6-7% 413 $62,935,000 $152,385
    7-8% 367 $54,875,000 $149,523
    Over 8% 161 $15,095,000 $93,758
    2.5-3% 26 $11,600,000 $446,154
    <2.5% 5 $995,000 $199,000

    During 2022, Seacoast National Bank's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 4-5%, with 806 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,247 $74,035,000 $59,370 $3,377 5.83%
    $100k-200k 901 $122,015,000 $135,422 $3,995 5.43%
    $200k-400k 639 $174,205,000 $272,621 $5,610 4.96%
    $400k-600k 211 $96,245,000 $456,137 $6,710 4.90%
    $600k-1MM 124 $91,670,000 $739,274 $8,673 4.73%
    $1MM+ 63 $99,055,000 $1,572,302 $13,883 4.60%

    2022 saw Seacoast National Bank place emphasis on $100,000 or less loans with 1,247 originations, totaling $74,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 788 $153,500,000 $194,797 $6,916 5.42%
    $100k-150k 714 $105,240,000 $147,395 $6,013 5.54%
    $250k+ 621 $250,735,000 $403,760 $9,417 5.25%
    $75k-100k 411 $51,165,000 $124,489 $5,319 5.51%
    $50k-75k 380 $39,000,000 $102,632 $4,975 5.57%
    $50k or less 168 $14,890,000 $88,631 $4,118 5.23%

    Seacoast National Bank lent most frequently to those with incomes in the $150k-250k range, with 788 originations. The second most popular income band? $100k-150k, with 714 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 648 $132,120,000 $203,889 $5,927 5.18%
    30-36% 552 $106,970,000 $193,786 $6,658 5.41%
    45% 356 $46,860,000 $131,629 $5,556 6.07%
    <20% 306 $74,660,000 $243,987 $6,229 5.14%
    44% 223 $41,755,000 $187,242 $6,881 5.66%
    43% 152 $28,230,000 $185,724 $6,331 5.72%
    42% 141 $37,745,000 $267,695 $8,583 5.58%
    41% 123 $22,215,000 $180,610 $5,227 5.37%
    40% 115 $21,935,000 $190,739 $6,263 5.15%
    39% 109 $24,495,000 $224,725 $6,414 5.58%
    38% 109 $22,055,000 $202,339 $6,370 5.59%
    37% 96 $15,850,000 $165,104 $4,405 5.36%
    36% 91 $15,185,000 $166,868 $4,644 5.30%
    49% 31 $10,195,000 $328,871 $5,974 4.79%
    48% 30 $10,000,000 $333,333 $6,908 5.37%
    46% 27 $8,835,000 $327,222 $5,214 4.50%
    47% 26 $8,640,000 $332,308 $5,898 4.34%
    50-60% 19 $9,845,000 $518,158 $10,129 5.23%
    >60% 5 $1,845,000 $369,000 $0 5.08%

    Seacoast National Bank lent most frequently to those with DTI ratios of 20-30%, with 648 originations. The next most common DTI ratio? 30-36%, with 552 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,727 $539,775,000 $197,937 $6,233 5.42%
    Not provided 228 $48,990,000 $214,868 $6,928 5.37%
    Not applicable 40 $29,420,000 $735,500 $0 4.29%
    Asian 67 $18,995,000 $283,507 $10,096 5.28%
    Black 107 $17,595,000 $164,439 $5,586 5.91%
    American Indian 9 $1,645,000 $182,778 $5,187 6.11%
    Native Hawaiian or Islander 5 $545,000 $109,000 $0 5.85%
    Other Asian 2 $260,000 $130,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    67.90%

    Seacoast National Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    84.84%

    Seacoast National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,185 $657,225,000 $206,350

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,185 $657,225,000 $206,350

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 944 $181,340,000 $192,097 $4,727 5.48%
    40-60% 314 $120,380,000 $383,376 $5,866 4.72%
    60-80% 354 $172,220,000 $486,497 $6,806 4.59%
    80-100% 143 $60,175,000 $420,804 $7,006 4.99%
    Over 100% 1 $815,000 $815,000 $0 4.21%
    Under 20% 1,428 $122,090,000 $85,497 $4,433 5.78%