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 and Refi 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 Deltona among others. We have data for 15 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

    373

    Origination Dollar Volume (All Markets)

    $115,225,000

    Awards

    BANKERS MORTGAGE LENDING 30 Year Conventional Loans bronze BANKERS MORTGAGE LENDING 30 Year Conventional Loans bronze BANKERS MORTGAGE LENDING FHA Loans bronze BANKERS MORTGAGE LENDING FHA Loans bronze
    Show all (4) 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) 241 $78,735,000 $326,701 $5,117 2.98%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 41 $11,315,000 $275,976 $4,494 3.02%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 30 $8,790,000 $293,000 $5,201 3.09%
    JACKSONVILLE, FL (FHA|USDA|VA) 13 $3,665,000 $281,923 $5,405 3.01%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 17 $3,645,000 $214,412 $5,355 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $3,195,000 $245,769 $4,273 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,290,000 $645,000 $7,120 3.19%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,543 3.63%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $885,000 $295,000 $5,007 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $780,000 $390,000 $4,957 3.19%
    Key West, FL (FHA|USDA|VA) 2 $640,000 $320,000 $5,266 3.56%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $350,000 $175,000 $5,075 3.69%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,256 3.13%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,283 3.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,824 3.13%
    Bankers Mortgage Lending's top markets include Miami, Orlando, Port St. Lucie, Jacksonville, and Deltona 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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1672
    Citizens First Bank
    Similarity Rank: 1696
    PREFERRED LENDING SERVICES, LLC
    Similarity Rank: 1740
    We Florida Financial
    Similarity Rank: 1770
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 2134
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2205
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 3054
    INSIGHT
    Similarity Rank: 3809

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 339 $103,965,000 $306,681 $4,595 3.04%
    FHA 23 $6,645,000 $288,913 $9,920 2.82%
    VA 11 $4,615,000 $419,545 $9,031 2.69%

    For 2021, Bankers Mortgage Lending's most frequently originated type of loan was Conventional, with 339 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 191 $57,105,000 $298,979 $5,635 3.11%
    Refi 121 $37,525,000 $310,124 $4,220 2.84%
    Cash Out Refi 61 $20,595,000 $337,623 $4,799 3.06%

    For 2021, Bankers Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 329 $101,435,000 $308,313 $5,118 3.07%
    15 Year 31 $9,575,000 $308,871 $4,113 2.50%
    20 Year 7 $2,545,000 $363,571 $3,937 2.63%
    Other 5 $1,565,000 $313,000 $7,615 3.08%
    10 Year 1 $105,000 $105,000 $3,401 2.25%

    For 2021, Bankers Mortgage Lending's most frequently cited loan duration was 30 Year, with 329 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 306 $93,170,000 $304,477
    $2k-3k 47 $13,575,000 $288,830
    $3k-4k 9 $2,745,000 $305,000
    $4k-5k 5 $2,885,000 $577,000
    $5k+ 4 $2,070,000 $517,500
    $<1k 2 $780,000 $390,000

    Bankers Mortgage Lending's average total fees were $5,118, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 306 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 177 $54,385,000 $307,260
    3-4% 146 $45,260,000 $310,000
    <2.5% 40 $12,930,000 $323,250
    4-5% 10 $2,650,000 $265,000

    During 2021, Bankers Mortgage Lending's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 219 $64,705,000 $295,457 $5,118 3.01%
    $400k-600k 70 $33,780,000 $482,571 $5,461 2.97%
    $100k-200k 67 $10,385,000 $155,000 $3,874 3.02%
    $100,000 or less 11 $925,000 $84,091 $3,435 3.16%
    $600k-1MM 4 $2,950,000 $737,500 $15,318 3.31%
    $1MM+ 2 $2,480,000 $1,240,000 $9,385 3.13%

    2021 saw Bankers Mortgage Lending place emphasis on $200k-400k loans with 219 originations, totaling $64,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 94 $31,670,000 $336,915 $5,047 2.99%
    $50k-75k 71 $16,475,000 $232,042 $4,808 2.96%
    $75k-100k 68 $18,690,000 $274,853 $5,134 3.07%
    $150k-250k 63 $23,375,000 $371,032 $5,553 3.11%
    $250k+ 41 $18,915,000 $461,341 $5,279 2.98%
    $50k or less 36 $6,100,000 $169,444 $4,120 2.93%

    Bankers Mortgage Lending lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $50k-75k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $19,680,000 $289,412 $4,641 2.96%
    30-36% 51 $17,465,000 $342,451 $5,068 3.09%
    43% 23 $7,525,000 $327,174 $5,056 3.05%
    44% 21 $5,895,000 $280,714 $4,690 3.00%
    <20% 20 $6,990,000 $349,500 $4,486 2.81%
    48% 18 $4,520,000 $251,111 $4,025 3.08%
    41% 18 $5,170,000 $287,222 $4,870 3.05%
    49% 17 $4,305,000 $253,235 $4,618 3.03%
    37% 17 $6,065,000 $356,765 $5,410 3.15%
    46% 17 $4,405,000 $259,118 $5,069 3.00%
    47% 16 $4,900,000 $306,250 $6,246 2.91%
    42% 15 $4,025,000 $268,333 $4,772 2.96%
    40% 15 $4,975,000 $331,667 $6,542 3.22%
    36% 14 $5,740,000 $410,000 $5,122 2.96%
    45% 12 $3,220,000 $268,333 $4,247 3.22%
    38% 11 $3,365,000 $305,909 $5,116 3.01%
    39% 9 $3,265,000 $362,778 $7,685 2.96%
    50-60% 8 $2,650,000 $331,250 $6,761 2.77%
    >60% 1 $435,000 $435,000 $5,022 3.38%

    Bankers Mortgage Lending lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 337 $105,075,000 $311,795 $4,946 3.01%
    Black 29 $8,575,000 $295,690 $6,134 3.02%
    Asian 6 $1,490,000 $248,333 $5,416 3.17%
    Not provided 1 $85,000 $85,000 $3,104 2.75%

    Approval Rates

    Total approvals of all applications
    96.84%

    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
    93.30%

    Bankers Mortgage Lending has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 373 $115,225,000 $308,914

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    373 $115,225,000 $308,914

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,460,000 $247,143 $4,183 2.77%
    40-60% 76 $23,470,000 $308,816 $4,228 2.79%
    60-80% 172 $51,900,000 $301,744 $4,661 3.09%
    80-100% 110 $36,110,000 $328,273 $6,252 3.08%
    Over 100% 1 $285,000 $285,000 $12,186 2.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    BANCORPSOUTH BANK Conventional home mortgage Incorrect information on your report 1 8.3%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 7 58.3%
    BANCORPSOUTH BANK FHA mortgage Trouble during payment process 1 8.3%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 1 8.3%
    BANCORPSOUTH BANK VA mortgage Struggling to pay mortgage 1 8.3%