Bankers Mortgage Lending Rates, Fees & Info

Sunrise, FL

LEI: 549300EKC7T8LXNFWP64

Tax ID: 26-1117897

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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, Port St. Lucie, Orlando, Lakeland, and Jacksonville among others. We have data for 12 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 an above average pick rate when compared to similar lenders. Bankers Mortgage Lending 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 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.66% 11/22/24
    30 Year Conventional Refi 6.40% 11/22/24
    30 Year Cash-out Refi 6.43% 11/22/24
    30 Year FHA Purchase 7.31% 11/22/24
    30 Year VA Purchase 6.23% 11/22/24
    15 Year Conventional Purchase 5.98% 11/22/24
    15 Year Conventional Refi 5.83% 11/22/24
    15 Year Cash-out Refi 5.83% 11/22/24
    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.

    Bankers Mortgage Lending Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bankers Mortgage Lending. 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

    293

    Origination Dollar Volume (All Markets)

    $79,945,000

    Awards

    BANKERS MORTGAGE LENDING FHA Loans gold BANKERS MORTGAGE LENDING FHA Loans silver
    Show all (2) 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) 177 $50,535,000 $285,508 $6,123 4.45%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 49 $12,855,000 $262,347 $5,283 4.32%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 35 $8,745,000 $249,857 $5,842 4.39%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 12 $2,960,000 $246,667 $6,347 4.03%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,005,000 $286,429 $5,488 3.66%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $735,000 $245,000 $5,471 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $645,000 $215,000 $7,551 4.42%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $8,839 4.63%
    OCALA, FL (FHA|USDA|VA) 2 $370,000 $185,000 $3,826 4.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $4,011 3.75%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,295 3.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $6,214 3.75%
    Bankers Mortgage Lending's top markets include Miami, Port St. Lucie, Orlando, 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.

    POWER FINANCIAL
    Similarity Rank: 188
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 225
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    Citizens First Bank
    Similarity Rank: 1072
    JAX
    Similarity Rank: 1078
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1216
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $58,410,000 $272,944 $4,977 4.52%
    FHA 66 $16,940,000 $256,667 $9,075 3.98%
    VA 13 $4,595,000 $353,462 $5,446 3.88%

    For 2019, Bankers Mortgage Lending's most frequently originated type of loan was Conventional, with 214 originations. Their 2nd most popular type was FHA, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 217 $58,275,000 $268,548 $6,242 4.48%
    Refi 51 $15,055,000 $295,196 $4,993 3.95%
    Cash Out Refi 25 $6,615,000 $264,600 $5,108 4.25%

    For 2019, Bankers Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 274 $75,820,000 $276,715 $5,998 4.33%
    15 Year 15 $3,025,000 $201,667 $4,500 4.41%
    20 Year 2 $780,000 $390,000 $4,081 4.00%
    5 Year 1 $125,000 $125,000 $7,249 11.00%
    Other 1 $195,000 $195,000 $8,512 10.00%

    For 2019, Bankers Mortgage Lending's most frequently cited loan duration was 30 Year, with 274 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 211 $58,015,000 $274,953
    $2k-3k 37 $9,255,000 $250,135
    $3k-4k 16 $4,020,000 $251,250
    $5k+ 14 $4,030,000 $287,857
    $<1k 7 $1,935,000 $276,429
    $4k-5k 7 $2,395,000 $342,143

    Bankers Mortgage Lending's average total fees were $5,998, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 211 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 133 $38,945,000 $292,820
    4-5% 125 $34,205,000 $273,640
    5-6% 23 $4,555,000 $198,043
    Over 8% 8 $1,190,000 $148,750
    2.5-3% 2 $610,000 $305,000
    6-7% 2 $440,000 $220,000

    During 2019, Bankers Mortgage Lending's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 170 $48,190,000 $283,471 $6,385 4.18%
    $100k-200k 78 $12,240,000 $156,923 $4,873 4.86%
    $400k-600k 34 $15,590,000 $458,529 $5,958 4.11%
    $100,000 or less 6 $480,000 $80,000 $3,253 4.96%
    $600k-1MM 5 $3,445,000 $689,000 $9,584 4.25%

    2019 saw Bankers Mortgage Lending place emphasis on $200k-400k loans with 170 originations, totaling $48,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $23,470,000 $293,375 $6,155 4.48%
    $50k-75k 67 $15,545,000 $232,015 $6,701 4.26%
    $75k-100k 50 $12,550,000 $251,000 $5,673 4.18%
    $150k-250k 39 $12,695,000 $325,513 $5,512 4.42%
    $50k or less 33 $6,145,000 $186,212 $4,824 4.54%
    $250k+ 24 $9,540,000 $397,500 $5,749 4.39%

    Bankers Mortgage Lending lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 51 $13,555,000 $265,784 $5,794 4.50%
    20-30% 41 $12,095,000 $295,000 $5,064 4.24%
    50-60% 29 $8,205,000 $282,931 $9,488 4.44%
    <20% 18 $5,530,000 $307,222 $5,064 4.26%
    44% 18 $5,140,000 $285,556 $5,957 4.03%
    43% 17 $4,185,000 $246,176 $4,453 4.47%
    40% 14 $3,550,000 $253,571 $5,605 4.57%
    49% 14 $3,710,000 $265,000 $5,698 3.92%
    48% 12 $3,180,000 $265,000 $6,526 4.69%
    46% 12 $2,960,000 $246,667 $5,066 4.28%
    38% 10 $2,940,000 $294,000 $5,994 4.21%
    42% 9 $2,285,000 $253,889 $5,521 4.71%
    41% 8 $1,820,000 $227,500 $5,204 3.92%
    36% 8 $2,110,000 $263,750 $6,341 4.44%
    47% 8 $2,250,000 $281,250 $6,399 4.39%
    45% 8 $2,080,000 $260,000 $5,319 4.39%
    39% 6 $1,250,000 $208,333 $6,109 4.40%
    37% 6 $1,670,000 $278,333 $5,664 4.19%
    >60% 4 $1,430,000 $357,500 $6,820 5.80%

    Bankers Mortgage Lending lent most frequently to those with DTI ratios of 30-36%, with 51 originations. The next most common DTI ratio? 20-30%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 233 $65,455,000 $280,923 $5,611 4.34%
    Black 53 $13,195,000 $248,962 $7,464 4.47%
    Asian 7 $1,295,000 $185,000 $4,918 4.48%

    Approval Rates

    Total approvals of all applications
    97.25%

    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
    91.47%

    Bankers Mortgage Lending has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 293 $79,945,000 $272,850

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 293 $79,945,000 $272,850

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,650,000 $275,000 $5,251 4.70%
    40-60% 27 $7,525,000 $278,704 $5,347 4.35%
    60-80% 106 $25,920,000 $244,528 $4,917 4.56%
    80-100% 150 $43,620,000 $290,800 $6,810 4.24%
    Over 100% 2 $670,000 $335,000 $6,321 3.88%
    Under 20% 2 $560,000 $280,000 $3,365 3.94%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Struggling to pay mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 1 16.7%
    BANCORPSOUTH BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 2 33.3%