Bnb Financial Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300850R07HZO8MY41
Tax ID: 45-5139677
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Mortgage Data
Review & Overview
Bnb Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Bnb Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, San Diego, and Oxnard among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Bnb Financial 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. Bnb Financial is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.47% | 4/18/24 |
| 30 Year Conventional Refi | 6.48% | 4/18/24 |
| 30 Year Cash-out Refi | 6.71% | 4/18/24 |
| 30 Year FHA Purchase | 7.47% | 4/18/24 |
| 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. | ||
Bnb Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
79Origination Dollar Volume (All Markets)
$35,235,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 65 | $29,045,000 | $446,846 | $8,349 | 4.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $3,645,000 | $520,714 | $7,460 | 4.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $9,421 | 4.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $11,792 | 4.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,055 | 4.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,311 | 5.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against BNB FINANCIAL 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 | 61 | $27,095,000 | $444,180 | $6,640 | 4.82% |
| FHA | 14 | $6,230,000 | $445,000 | $13,689 | 4.68% |
| VA | 4 | $1,910,000 | $477,500 | $16,176 | 4.75% |
For 2018, Bnb Financial's most frequently originated type of loan was Conventional, with 61 originations. Their 2nd most popular type was FHA, with 14 originations.
Loan Reason
For 2018, Bnb Financial's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 76 | $34,440,000 | $453,158 | $8,598 | 4.83% |
| 15 Year | 3 | $795,000 | $265,000 | $3,309 | 3.75% |
For 2018, Bnb Financial's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Bnb Financial's average total fees were $8,598, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 54 | $23,980,000 | $444,074 |
| 5-6% | 19 | $9,475,000 | $498,684 |
| 3-4% | 6 | $1,780,000 | $296,667 |
During 2018, Bnb Financial's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 54 originations.
Loan Sizing
2018 saw Bnb Financial place emphasis on $400k-600k loans with 48 originations, totaling $23,990,000 in origination value.
Applicant Income
Bnb Financial lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
Bnb Financial lent most frequently to those with DTI ratios of 49%, with 11 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
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 origination77.22%
Bnb Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 79 | $35,235,000 | $446,013 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 79 | $35,235,000 | $446,013 |