Bankers Mortgage Lending Rates, Fees & Info
Sunrise, FLLEI: 549300EKC7T8LXNFWP64
Tax ID: 26-1117897
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Mortgage Data
Review & Overview
Bankers Mortgage Lending is a smaller bank specializing in Refi and 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, Jacksonville, and Lakeland among others. We have data for 16 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 4/18/24 |
| 30 Year Conventional Refi | 6.40% | 4/18/24 |
| 30 Year Cash-out Refi | 6.43% | 4/18/24 |
| 30 Year FHA Purchase | 7.31% | 4/18/24 |
| 30 Year VA Purchase | 6.23% | 4/18/24 |
| 15 Year Conventional Purchase | 5.98% | 4/18/24 |
| 15 Year Conventional Refi | 5.83% | 4/18/24 |
| 15 Year Cash-out Refi | 5.83% | 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. | ||
Bankers Mortgage Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
580Origination Dollar Volume (All Markets)
$171,680,000Awards
BANKERS MORTGAGE LENDING - 2020
BANKERS MORTGAGE LENDING is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 402 | $128,060,000 | $318,557 | $5,015 | 3.10% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 65 | $15,005,000 | $230,846 | $4,602 | 3.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 51 | $14,135,000 | $277,157 | $4,785 | 3.16% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 15 | $3,675,000 | $245,000 | $4,038 | 3.49% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 18 | $3,200,000 | $177,778 | $3,807 | 2.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $10,887 | 3.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,984 | 3.18% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,570 | 2.66% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $7,913 | 3.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,801 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,195 | 4.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,693 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,228 | 2.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,342 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,262 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,904 | 3.88% |
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.
Similarity Rank: 304
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 531 | $157,725,000 | $297,034 | $4,499 | 3.11% |
| FHA | 43 | $12,005,000 | $279,186 | $9,470 | 3.19% |
| VA | 6 | $1,950,000 | $325,000 | $8,762 | 3.00% |
For 2020, Bankers Mortgage Lending's most frequently originated type of loan was Conventional, with 531 originations. Their 2nd most popular type was FHA, with 43 originations.
Loan Reason
For 2020, Bankers Mortgage Lending's most frequently cited loan purpose was Refi, with 256 originations. The 2nd most popular reason was Home Purchase, with 216 originations.
Loan Duration/Length
For 2020, Bankers Mortgage Lending's most frequently cited loan duration was 30 Year, with 480 originations. The 2nd most popular length was 15 Year, with 72 originations.
Origination Fees/Closing Costs
Bankers Mortgage Lending's average total fees were $5,102, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 471 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 251 | $74,115,000 | $295,279 |
| 2.5-3% | 234 | $70,870,000 | $302,863 |
| <2.5% | 69 | $20,435,000 | $296,159 |
| 4-5% | 26 | $6,260,000 | $240,769 |
During 2020, Bankers Mortgage Lending's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 251 originations.
Loan Sizing
2020 saw Bankers Mortgage Lending place emphasis on $200k-400k loans with 328 originations, totaling $95,750,000 in origination value.
Applicant Income
Bankers Mortgage Lending lent most frequently to those with incomes in the $100k-150k range, with 157 originations. The second most popular income band? $150k-250k, with 127 originations.
Applicant Debt to Income Ratio
Bankers Mortgage Lending lent most frequently to those with DTI ratios of 30-36%, with 130 originations. The next most common DTI ratio? 20-30%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.43%
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 origination95.52%
Bankers Mortgage Lending 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 | 580 | $171,680,000 | $296,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 580 | $171,680,000 | $296,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANCORPSOUTH BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 33.3% |
| BANCORPSOUTH BANK | Conventional home mortgage | Trouble during payment process | 2 | 33.3% |
| BANCORPSOUTH BANK | FHA mortgage | Closing on a mortgage | 1 | 16.7% |
| BANCORPSOUTH BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 16.7% |