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
  • 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 Cash Out Refi loans. Bankers Mortgage Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Miami, Orlando, Port St. Lucie, Lakeland, and Tampa 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 a below 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% 11/25/24
    30 Year Conventional Refi 6.40% 11/25/24
    30 Year Cash-out Refi 6.43% 11/25/24
    30 Year FHA Purchase 7.31% 11/25/24
    30 Year VA Purchase 6.23% 11/25/24
    15 Year Conventional Purchase 5.98% 11/25/24
    15 Year Conventional Refi 5.83% 11/25/24
    15 Year Cash-out Refi 5.83% 11/25/24
    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

    128

    Origination Dollar Volume (All Markets)

    $49,490,000

    Awards

    BANKERS MORTGAGE LENDING 30 Year Conventional Loans bronze
    Show all (1) 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) 92 $38,480,000 $418,261 $6,860 4.74%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $3,815,000 $346,818 $7,382 5.26%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,735,000 $247,857 $5,121 4.37%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,075,000 $215,000 $5,594 5.70%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $975,000 $975,000 $6,419 4.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $815,000 $271,667 $4,803 3.92%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $750,000 $375,000 $11,792 5.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $590,000 $295,000 $7,054 5.81%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $530,000 $265,000 $9,873 5.13%
    Lake City, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,454 7.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $10,530 4.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,214 5.88%
    Bankers Mortgage Lending's top markets include Miami, Orlando, Port St. Lucie, Lakeland, and Tampa 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: 94
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 136
    We Florida Financial
    Similarity Rank: 156
    INSIGHT
    Similarity Rank: 780
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 960
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1071
    Citizens First Bank
    Similarity Rank: 1116
    ADDITION FINANCIAL
    Similarity Rank: 1170
    JAX
    Similarity Rank: 1260
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 1331

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $45,895,000 $385,672 $6,568 4.80%
    FHA 6 $2,010,000 $335,000 $11,288 5.56%
    VA 3 $1,585,000 $528,333 $9,413 5.04%

    For 2022, Bankers Mortgage Lending's most frequently originated type of loan was Conventional, with 119 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $31,755,000 $392,037 $7,131 5.22%
    Cash Out Refi 34 $13,540,000 $398,235 $6,711 4.22%
    Refi 13 $4,195,000 $322,692 $5,527 4.07%

    For 2022, Bankers Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 119 $46,555,000 $391,218 $6,973 4.95%
    15 Year 7 $2,415,000 $345,000 $5,420 3.25%
    20 Year 2 $520,000 $260,000 $4,916 4.00%

    For 2022, Bankers Mortgage Lending's most frequently cited loan duration was 30 Year, with 119 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 62 $20,850,000 $336,290
    $2k-3k 26 $10,110,000 $388,846
    $5k+ 20 $10,940,000 $547,000
    $3k-4k 12 $4,770,000 $397,500
    $4k-5k 7 $2,285,000 $326,429
    $<1k 1 $535,000 $535,000

    Bankers Mortgage Lending's average total fees were $6,973, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 36 $15,770,000 $438,056
    3-4% 33 $11,675,000 $353,788
    5-6% 30 $10,470,000 $349,000
    6-7% 13 $5,635,000 $433,462
    7-8% 9 $3,385,000 $376,111
    2.5-3% 7 $2,555,000 $365,000

    During 2022, 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 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 59 $17,965,000 $304,492 $6,451 4.85%
    $400k-600k 28 $13,260,000 $473,571 $7,435 4.90%
    $600k-1MM 18 $12,900,000 $716,667 $8,807 4.74%
    $100k-200k 17 $2,695,000 $158,529 $4,240 4.75%
    $100,000 or less 4 $320,000 $80,000 $3,728 4.56%
    $1MM+ 2 $2,350,000 $1,175,000 $21,660 5.81%

    2022 saw Bankers Mortgage Lending place emphasis on $200k-400k loans with 59 originations, totaling $17,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $11,325,000 $343,182 $7,339 5.44%
    $150k-250k 26 $12,400,000 $476,923 $6,869 4.35%
    $75k-100k 26 $7,330,000 $281,923 $5,699 4.80%
    $250k+ 24 $14,760,000 $615,000 $8,821 4.79%
    $50k-75k 15 $3,145,000 $209,667 $4,936 4.58%
    $50k or less 4 $530,000 $132,500 $5,725 4.59%

    Bankers Mortgage Lending lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 22 $8,200,000 $372,727 $6,882 4.86%
    20-30% 14 $6,710,000 $479,286 $6,771 4.04%
    41% 11 $4,695,000 $426,818 $6,231 4.94%
    43% 10 $3,710,000 $371,000 $6,988 5.54%
    49% 8 $2,200,000 $275,000 $6,258 4.72%
    37% 7 $2,075,000 $296,429 $5,892 4.79%
    39% 7 $2,095,000 $299,286 $6,288 4.61%
    38% 6 $3,000,000 $500,000 $8,020 4.23%
    36% 6 $2,320,000 $386,667 $7,580 4.96%
    46% 6 $1,440,000 $240,000 $5,563 5.18%
    42% 6 $2,260,000 $376,667 $5,193 4.17%
    <20% 5 $2,415,000 $483,000 $7,684 5.23%
    45% 5 $2,485,000 $497,000 $7,805 4.37%
    48% 5 $1,565,000 $313,000 $7,418 5.82%
    50-60% 3 $1,325,000 $441,667 $11,745 6.13%
    40% 3 $1,125,000 $375,000 $5,631 5.67%
    47% 2 $870,000 $435,000 $7,990 4.38%
    44% 2 $1,000,000 $500,000 $8,445 5.13%

    Bankers Mortgage Lending lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 20-30%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $44,415,000 $386,217 $6,789 4.78%
    Black 11 $4,145,000 $376,818 $7,635 5.33%
    Asian 2 $930,000 $465,000 $6,469 5.81%

    Approval Rates

    Total approvals of all applications
    96.18%

    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
    83.59%

    Bankers Mortgage Lending has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 128 $49,490,000 $386,641

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $49,490,000 $386,641

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,220,000 $222,000 $4,334 4.30%
    40-60% 27 $9,995,000 $370,185 $6,179 4.87%
    60-80% 54 $21,470,000 $397,593 $6,882 4.64%
    80-100% 36 $15,270,000 $424,167 $7,885 5.27%
    Over 100% 1 $535,000 $535,000 $11,960 4.75%