Bank Of Marin Mortgage Rates, Fees & Info
Novato, CALEI: 549300EGL1VV7LY0QU69
Tax ID: 68-0197989
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Marin is a smaller bank specializing in Home Improvement and Refi loans. Bank Of Marin has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Rosa, Napa, and Sacramento among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Marin has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
267Origination Dollar Volume (All Markets)
$82,785,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 174 | $55,940,000 | $321,494 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 43 | $11,545,000 | $268,488 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 33 | $8,635,000 | $261,667 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 15 | $6,425,000 | $428,333 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $240,000 | $120,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 267 | $82,785,000 | $310,056 | $0 | 0.00% |
For 2022, Bank Of Marin's most frequently originated type of loan was Conventional, with 267 originations.
Loan Reason
For 2022, Bank Of Marin's most frequently cited loan purpose was Home Improvement, with 156 originations. The 2nd most popular reason was Other, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 267 | $82,785,000 | $310,056 | $0 | 0.00% |
For 2022, Bank Of Marin's most frequently cited loan duration was Other, with 267 originations.
Loan Sizing
2022 saw Bank Of Marin place emphasis on $100k-200k loans with 148 originations, totaling $21,060,000 in origination value.
Applicant Income
Bank Of Marin lent most frequently to those with incomes in the $250k+ range, with 53 originations. The second most popular income band? $150k-250k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 267 | $82,785,000 | $310,056 | $0 | 0.00% |
Bank Of Marin lent most frequently to those with DTI ratios of Exempt%, with 267 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.01%
Bank Of Marin has a below average approval rate.
Pick Rate
Approvals leading to origination92.51%
Bank Of Marin has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 267 | $82,785,000 | $310,056 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |