Bankers Mortgage Lending Rates, Fees & Info

Sunrise, FL

LEI: 549300EKC7T8LXNFWP64

Tax ID: 26-1117897

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
  • Complaints
  • 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

    Bankers Mortgage Lending is a smaller bank specializing in Home Purchase loans. Bankers Mortgage Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Miami, Orlando, Port St. Lucie, Lakeland, and Jacksonville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bankers Mortgage Lending 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. Bankers Mortgage Lending 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    437

    Origination Dollar Volume (All Markets)

    $113,025,000

    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) 184 $52,430,000 $284,946 $6,190 5.05%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 90 $21,650,000 $240,556 $6,588 5.03%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 75 $17,875,000 $238,333 $7,630 4.98%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 49 $9,245,000 $188,673 $4,845 4.96%
    JACKSONVILLE, FL (FHA|USDA|VA) 26 $8,250,000 $317,308 $8,367 4.86%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,405,000 $281,000 $6,728 4.85%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $880,000 $220,000 $8,103 4.78%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $620,000 $310,000 $5,328 4.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,931 5.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,867 4.63%
    Bankers Mortgage Lending's top markets include Miami, Orlando, Port St. Lucie, Lakeland, and Jacksonville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against BANKERS MORTGAGE LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    McCoy Federal Credit Union
    Similarity Rank: 60
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 192
    Suncoast Credit Union
    Similarity Rank: 232
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 988

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 307 $79,295,000 $258,290 $5,520 5.08%
    FHA 90 $21,770,000 $241,889 $8,968 4.92%
    VA 40 $11,960,000 $299,000 $8,721 4.63%

    For 2018, Bankers Mortgage Lending's most frequently originated type of loan was Conventional, with 307 originations. Their 2nd most popular type was FHA, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 390 $101,500,000 $260,256 $6,689 5.01%
    Cash Out Refi 36 $8,970,000 $249,167 $5,376 4.97%
    Refi 11 $2,555,000 $232,273 $4,387 4.76%

    For 2018, Bankers Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 390 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 414 $106,790,000 $257,947 $6,440 4.95%
    15 Year 12 $2,290,000 $190,833 $4,334 4.43%
    5 Year 6 $2,840,000 $473,333 $16,943 9.93%
    20 Year 4 $1,000,000 $250,000 $6,645 4.63%
    10 Year 1 $105,000 $105,000 $4,156 4.88%

    For 2018, Bankers Mortgage Lending's most frequently cited loan duration was 30 Year, with 414 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 337 $87,305,000 $259,065
    $5k+ 40 $12,520,000 $313,000
    $2k-3k 26 $6,460,000 $248,462
    $3k-4k 15 $3,135,000 $209,000
    $4k-5k 14 $3,090,000 $220,714
    $<1k 4 $470,000 $117,500

    Bankers Mortgage Lending's average total fees were $6,440, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 337 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 273 $71,985,000 $263,681
    5-6% 137 $31,875,000 $232,664
    3-4% 13 $4,575,000 $351,923
    Over 8% 10 $3,850,000 $385,000
    6-7% 4 $740,000 $185,000

    During 2018, Bankers Mortgage Lending's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 273 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 267 $72,965,000 $273,277 $6,927 5.04%
    $100k-200k 101 $15,455,000 $153,020 $4,881 4.93%
    $400k-600k 35 $15,245,000 $435,571 $8,771 4.81%
    $100,000 or less 28 $2,220,000 $79,286 $3,904 5.17%
    $1MM+ 4 $5,590,000 $1,397,500 $19,054 5.56%
    $600k-1MM 2 $1,550,000 $775,000 $7,824 4.56%

    2018 saw Bankers Mortgage Lending place emphasis on $200k-400k loans with 267 originations, totaling $72,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 129 $26,905,000 $208,566 $6,514 5.02%
    $100k-150k 95 $26,855,000 $282,684 $6,334 4.97%
    $75k-100k 88 $22,520,000 $255,909 $6,687 4.88%
    $150k-250k 59 $18,265,000 $309,576 $6,864 5.03%
    $50k or less 44 $6,820,000 $155,000 $5,281 5.17%
    $250k+ 22 $11,660,000 $530,000 $8,304 5.13%

    Bankers Mortgage Lending lent most frequently to those with incomes in the $50k-75k range, with 129 originations. The second most popular income band? $100k-150k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 58 $15,740,000 $271,379 $9,299 5.07%
    30-36% 50 $13,990,000 $279,800 $6,324 4.75%
    20-30% 42 $12,620,000 $300,476 $5,807 5.02%
    49% 41 $10,205,000 $248,902 $6,345 4.93%
    46% 23 $5,235,000 $227,609 $6,646 4.85%
    47% 21 $5,035,000 $239,762 $5,722 4.89%
    44% 21 $4,825,000 $229,762 $6,489 5.06%
    45% 20 $4,560,000 $228,000 $5,485 5.00%
    48% 20 $3,990,000 $199,500 $5,039 5.17%
    <20% 20 $4,780,000 $239,000 $5,490 5.06%
    43% 20 $5,540,000 $277,000 $6,794 4.96%
    39% 17 $4,935,000 $290,294 $6,152 4.73%
    38% 16 $4,360,000 $272,500 $6,048 5.25%
    42% 15 $3,995,000 $266,333 $4,752 4.92%
    36% 14 $3,690,000 $263,571 $6,321 4.96%
    41% 13 $3,045,000 $234,231 $5,889 4.92%
    40% 13 $2,935,000 $225,769 $5,522 4.81%
    37% 8 $1,950,000 $243,750 $5,920 4.84%
    >60% 4 $1,210,000 $302,500 $12,921 8.59%

    Bankers Mortgage Lending lent most frequently to those with DTI ratios of 50-60%, with 58 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 377 $98,935,000 $262,427 $6,544 5.01%
    Black 47 $10,815,000 $230,106 $6,697 4.99%
    Asian 10 $2,520,000 $252,000 $4,714 5.06%
    Not provided 3 $755,000 $251,667 $7,142 4.75%

    Approval Rates

    Total approvals of all applications
    97.22%

    Bankers Mortgage Lending 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
    88.10%

    Bankers Mortgage Lending has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 437 $113,025,000 $258,638

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 437 $113,025,000 $258,638

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,580,000 $107,500 $4,617 4.63%
    40-60% 45 $8,615,000 $191,444 $5,783 5.19%
    60-80% 136 $38,580,000 $283,676 $5,794 5.12%
    80-100% 224 $61,640,000 $275,179 $7,255 4.94%
    Over 100% 4 $1,320,000 $330,000 $14,753 4.72%
    Under 20% 4 $290,000 $72,500 $1,845 5.16%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANKERS MORTGAGE LENDING, INC. Conventional home mortgage Closing on a mortgage 1 100.0%