Bnb Financial Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300850R07HZO8MY41
Tax ID: 45-5139677
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Bnb Financial is a smaller mortgage company specializing in Refi and Home Purchase loans. Bnb Financial 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 include Los Angeles, Riverside, San Francisco, Oxnard, and San Diego among others. Bnb Financial has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Bnb Financial is typically an average fee lendor.Originations
204Origination Dollar Volume (All Markets)
$93,880,000Relative Rate
Bnb Financial 's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
Bnb Financial 's average total fees for a 30 year fixed rate
mortgage are $5,363.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 169 | $79,975,000 | $473,225 | $4,968 | 2.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $5,610,000 | $350,625 | $5,044 | 2.89% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,470,000 | $411,667 | $3,661 | 2.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $4,402 | 2.78% |
| Outside of Metro Areas | 2 | $1,030,000 | $515,000 | $2,617 | 3.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $9,495 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,959 | 2.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,382 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,955 | 3.63% |
| MADERA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,407 | 3.00% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,788 | 2.75% |
Bnb Financial 's top markets include Los Angeles, Riverside, San Francisco, Oxnard, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 203 | $93,405,000 | $460,123 | $4,903 | 2.96% |
| FHA | 1 | $475,000 | $475,000 | $14,225 | 3.00% |
For the 2021 period, Bnb Financial 's most frequently originated loan type of loans were Conventional, with 203 originations. Their 2nd most popular type is FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 98 | $40,790,000 | $416,224 | $3,779 | 2.82% |
| Home Purchase | 64 | $34,650,000 | $541,406 | $6,627 | 3.11% |
| Cash Out Refi | 42 | $18,440,000 | $439,048 | $5,098 | 3.07% |
For the 2021, Bnb Financial 's most frequently cited loan purpose of loans were Refi, with 98 originations. The 2nd most popular reason of loans were Home Purchase, with 64 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 167 | $80,345,000 | $481,108 | $5,363 | 3.10% |
| 15 Year | 29 | $10,225,000 | $352,586 | $3,093 | 2.25% |
| 20 Year | 8 | $3,310,000 | $413,750 | $3,136 | 2.63% |
For the 2021, Bnb Financial 's most frequently cited loan length of loans were 30 Year, with 167 originations. The 2nd most popular length of loans were 15 Year, with 29 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 122 | $56,800,000 | $465,574 |
| $<1k | 46 | $18,750,000 | $407,609 |
| $5k+ | 16 | $9,180,000 | $573,750 |
| $3k-4k | 12 | $5,150,000 | $429,167 |
| $2k-3k | 3 | $1,115,000 | $371,667 |
$5,363 of loans were Bnb Financial 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 122 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 88 | $40,400,000 | $459,091 |
| 3-4% | 82 | $40,620,000 | $495,366 |
| <2.5% | 33 | $12,455,000 | $377,424 |
| 4-5% | 1 | $405,000 | $405,000 |
During 2021, Bnb Financial 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 88 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $400k-600k | 94 | $45,950,000 | $488,830 | $5,170 | 2.98% |
| $200k-400k | 66 | $20,520,000 | $310,909 | $3,792 | 2.82% |
| $600k-1MM | 36 | $26,020,000 | $722,778 | $6,849 | 3.16% |
| $100k-200k | 8 | $1,390,000 | $173,750 | $3,392 | 2.98% |
2021 saw Bnb Financial place emphasis on $400k-600k loans with 94 originations, totaling $45,950,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 76 | $34,100,000 | $448,684 | $5,323 | 2.97% |
| $150k-250k | 61 | $30,515,000 | $500,246 | $4,735 | 2.86% |
| $75k-100k | 29 | $11,785,000 | $406,379 | $4,964 | 3.06% |
| $50k-75k | 23 | $9,535,000 | $414,565 | $3,686 | 3.08% |
| $250k+ | 14 | $7,750,000 | $553,571 | $5,908 | 2.97% |
| $50k or less | 1 | $195,000 | $195,000 | $3,224 | 2.88% |
Bnb Financial lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $150k-250k, with 61 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 52 | $24,390,000 | $469,038 | $4,526 | 2.91% |
| 30-36% | 43 | $19,935,000 | $463,605 | $5,471 | 2.86% |
| 42% | 17 | $8,505,000 | $500,294 | $5,010 | 3.04% |
| <20% | 16 | $5,550,000 | $346,875 | $4,170 | 2.88% |
| 43% | 15 | $7,355,000 | $490,333 | $5,660 | 3.18% |
| 36% | 12 | $5,760,000 | $480,000 | $5,885 | 3.14% |
| 40% | 7 | $3,075,000 | $439,286 | $6,009 | 3.25% |
| 41% | 6 | $2,930,000 | $488,333 | $4,180 | 2.67% |
| 37% | 6 | $2,310,000 | $385,000 | $4,355 | 2.71% |
| 39% | 6 | $3,030,000 | $505,000 | $5,687 | 2.90% |
| 44% | 5 | $1,875,000 | $375,000 | $4,204 | 3.05% |
| 47% | 5 | $2,685,000 | $537,000 | $4,011 | 3.20% |
| 48% | 5 | $2,135,000 | $427,000 | $3,764 | 3.18% |
| 38% | 4 | $1,900,000 | $475,000 | $3,844 | 3.03% |
| 46% | 3 | $1,495,000 | $498,333 | $5,367 | 2.71% |
| 45% | 2 | $950,000 | $475,000 | $6,282 | 3.38% |
Bnb Financial lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 43 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 134 | $61,820,000 | $461,343 | $4,937 | 2.95% |
| White | 64 | $29,810,000 | $465,781 | $5,056 | 2.97% |
| Black | 6 | $2,250,000 | $375,000 | $4,086 | 3.02% |
Approval Rates
Total approvals of all applications100.00%
Bnb Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.27%
Bnb Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 204 | $93,880,000 | $460,196 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 204 | $93,880,000 | $460,196 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 24 | $6,390,000 | $266,250 | $3,123 | 2.55% |
| 40-60% | 56 | $23,450,000 | $418,750 | $4,092 | 2.89% |
| 60-80% | 99 | $50,875,000 | $513,889 | $5,443 | 3.07% |
| 80-100% | 24 | $12,970,000 | $540,417 | $6,834 | 3.05% |
| Under 20% | 1 | $195,000 | $195,000 | $3,503 | 3.25% |
